TY - GEN
T1 - Techno-Economic Analysis for the Production of Formic Acid Via Oxidation Processing of Residual Biomass in Ecuador
AU - Eguiguren, Mateo
AU - Larrea, Nicolas
AU - Proano, Juan Sebastian
AU - Streitwieser, Daniela Almeida
AU - Ponce, Sebastian
N1 - Publisher Copyright:
© 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.
PY - 2023
Y1 - 2023
N2 - Ecuador, traditionally an agricultural based economy, has a great potential for valorizing their industrial residues. This study, presents a techno-economic analysis for applying a novel biomass oxidation method to produce formic and acetic acids from coffee husk residues in Machala, Ecuador. The analysis determined that the time of return of investment was lower than 5 years, making this project economically feasible, when producing approx. 1000 tons of formic acid per year, which is enough for supplying the Ecuadorian market. This production, would reduce imports costs and develop the chemical industry in the country.
AB - Ecuador, traditionally an agricultural based economy, has a great potential for valorizing their industrial residues. This study, presents a techno-economic analysis for applying a novel biomass oxidation method to produce formic and acetic acids from coffee husk residues in Machala, Ecuador. The analysis determined that the time of return of investment was lower than 5 years, making this project economically feasible, when producing approx. 1000 tons of formic acid per year, which is enough for supplying the Ecuadorian market. This production, would reduce imports costs and develop the chemical industry in the country.
KW - Acetic acid
KW - Biomass residues
KW - Ecuador
KW - Formic acid
KW - TEA
UR - http://www.scopus.com/inward/record.url?scp=85161389830&partnerID=8YFLogxK
U2 - 10.1007/978-3-031-26813-7_1
DO - 10.1007/978-3-031-26813-7_1
M3 - Contribución a la conferencia
AN - SCOPUS:85161389830
SN - 9783031268120
T3 - Green Energy and Technology
SP - 3
EP - 18
BT - Congress on Research, Development, and Innovation in Renewable Energies - Selected Papers from CIDiER 2022
A2 - Espinoza-Andaluz, Mayken
A2 - Santana Villamar, Jordy
A2 - Melo Vargas, Ester
A2 - Encalada-Dávila, Ángel
PB - Springer Science and Business Media Deutschland GmbH
T2 - 2nd Congress on Research, Development, and Innovation in Renewable Energies, CIDiER 2022
Y2 - 19 September 2022 through 20 September 2022
ER -
