Therefore, capacities over 34.64 million kg of annual soybean oil productions are economically feasible operating scales. (8) Pay back Time = 100 ROI Table 7.
Is soybean oil production economically feasible?
This demonstrates the process can earn profits within the service period, which is the assumption in this study. Therefore, capacities over 34.64 million kg of annual soybean oil productions are economically feasible operating scales. (8) Pay back Time = 100 ROI
How much revenue does soybean oil make?
According to the results, revenue from soybean oil makes up about 39% of total revenues; however, soybean meal and hulls contribute to over 60% of total revenues, with meal taking the largest portion of over 59% of total revenue.
When does soybean oil production make a positive profit?
For different scales based on 2010s market estimations, a positive net profit is observed when the capacity is larger than 34.64 million kg of soybean oil production. Positive profits can be obtained when the capacity is scaled up to 86.61 million kg of soybean oil production.
Why does soybean oil production have a lower gross and net profits?
Though there are no positive gross profits and net profits from 1980s to 2010s in 34.64 million kg of soybean oil production, the lower gross profits and net profits are due to the increase of product selling prices. The increments of gross and net profits also reflect the values of products increased much more than operating costs.
How much soybean based biodiesel is produced per year?
According to the TEA model of soybean based biodiesel production established by Haas et al. (2006), 192.28 million kg/year of soybean input is set the referred scenario and scale for time-piece and different capacities studies. Additionally, this capacity is a common scale used in the industry ( US. EPA, 2001 ).