Techno-Economic Analysis for the Production of Formic Acid Via Oxidation Processing of Residual Biomass in Ecuador

Mateo Eguiguren; Nicolas Larrea; Juan Sebastian Proano; Daniela Almeida Streitwieser; Sebastian Ponce

doi:10.1007/978-3-031-26813-7_1

Techno-Economic Analysis for the Production of Formic Acid Via Oxidation Processing of Residual Biomass in Ecuador

Mateo Eguiguren, Nicolas Larrea, Juan Sebastian Proano, Daniela Almeida Streitwieser, Sebastian Ponce

Producción científica: Capítulo del libro/informe/acta de congreso › Contribución a la conferencia › revisión exhaustiva

Resumen

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.

Idioma original	Inglés
Título de la publicación alojada	Congress on Research, Development, and Innovation in Renewable Energies - Selected Papers from CIDiER 2022
Editores	Mayken Espinoza-Andaluz, Jordy Santana Villamar, Ester Melo Vargas, Ángel Encalada-Dávila
Editorial	Springer Science and Business Media Deutschland GmbH
Páginas	3-18
Número de páginas	16
ISBN (versión impresa)	9783031268120
DOI	https://doi.org/10.1007/978-3-031-26813-7_1
Estado	Publicada - 2023
Evento	2nd Congress on Research, Development, and Innovation in Renewable Energies, CIDiER 2022 - Guayaquil, Ecuador Duración: 19 sep. 2022 → 20 sep. 2022

Serie de la publicación

Nombre	Green Energy and Technology
ISSN (versión impresa)	1865-3529
ISSN (versión digital)	1865-3537

Conferencia

Conferencia	2nd Congress on Research, Development, and Innovation in Renewable Energies, CIDiER 2022
País/Territorio	Ecuador
Ciudad	Guayaquil
Período	19/09/22 → 20/09/22

ODS de las Naciones Unidas

Este resultado contribuye a los siguientes Objetivos de Desarrollo Sostenible

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10.1007/978-3-031-26813-7_1

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Eguiguren, M., Larrea, N., Proano, J. S., Streitwieser, D. A., & Ponce, S. (2023). Techno-Economic Analysis for the Production of Formic Acid Via Oxidation Processing of Residual Biomass in Ecuador. En M. Espinoza-Andaluz, J. Santana Villamar, E. Melo Vargas, & Á. Encalada-Dávila (Eds.), Congress on Research, Development, and Innovation in Renewable Energies - Selected Papers from CIDiER 2022 (pp. 3-18). (Green Energy and Technology). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-031-26813-7_1

Eguiguren, Mateo ; Larrea, Nicolas ; Proano, Juan Sebastian et al. / Techno-Economic Analysis for the Production of Formic Acid Via Oxidation Processing of Residual Biomass in Ecuador. Congress on Research, Development, and Innovation in Renewable Energies - Selected Papers from CIDiER 2022. editor / Mayken Espinoza-Andaluz ; Jordy Santana Villamar ; Ester Melo Vargas ; Ángel Encalada-Dávila. Springer Science and Business Media Deutschland GmbH, 2023. pp. 3-18 (Green Energy and Technology).

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abstract = "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.",

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note = "Publisher Copyright: {\textcopyright} 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.; 2nd Congress on Research, Development, and Innovation in Renewable Energies, CIDiER 2022 ; Conference date: 19-09-2022 Through 20-09-2022",

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Eguiguren, M, Larrea, N, Proano, JS, Streitwieser, DA & Ponce, S 2023, Techno-Economic Analysis for the Production of Formic Acid Via Oxidation Processing of Residual Biomass in Ecuador. En M Espinoza-Andaluz, J Santana Villamar, E Melo Vargas & Á Encalada-Dávila (eds.), Congress on Research, Development, and Innovation in Renewable Energies - Selected Papers from CIDiER 2022. Green Energy and Technology, Springer Science and Business Media Deutschland GmbH, pp. 3-18, 2nd Congress on Research, Development, and Innovation in Renewable Energies, CIDiER 2022, Guayaquil, Ecuador, 19/09/22. https://doi.org/10.1007/978-3-031-26813-7_1

Techno-Economic Analysis for the Production of Formic Acid Via Oxidation Processing of Residual Biomass in Ecuador. / Eguiguren, Mateo; Larrea, Nicolas; Proano, Juan Sebastian et al.
Congress on Research, Development, and Innovation in Renewable Energies - Selected Papers from CIDiER 2022. ed. / Mayken Espinoza-Andaluz; Jordy Santana Villamar; Ester Melo Vargas; Ángel Encalada-Dávila. Springer Science and Business Media Deutschland GmbH, 2023. p. 3-18 (Green Energy and Technology).

Producción científica: Capítulo del libro/informe/acta de congreso › Contribución a la conferencia › revisión exhaustiva

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T1 - Techno-Economic Analysis for the Production of Formic Acid Via Oxidation Processing of Residual Biomass in Ecuador

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AU - Larrea, Nicolas

AU - Proano, Juan Sebastian

AU - Streitwieser, Daniela Almeida

AU - Ponce, Sebastian

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.

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KW - Biomass residues

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KW - Formic acid

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BT - Congress on Research, Development, and Innovation in Renewable Energies - Selected Papers from CIDiER 2022

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PB - Springer Science and Business Media Deutschland GmbH

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Eguiguren M, Larrea N, Proano JS, Streitwieser DA, Ponce S. Techno-Economic Analysis for the Production of Formic Acid Via Oxidation Processing of Residual Biomass in Ecuador. En Espinoza-Andaluz M, Santana Villamar J, Melo Vargas E, Encalada-Dávila Á, editores, Congress on Research, Development, and Innovation in Renewable Energies - Selected Papers from CIDiER 2022. Springer Science and Business Media Deutschland GmbH. 2023. p. 3-18. (Green Energy and Technology). doi: 10.1007/978-3-031-26813-7_1

Techno-Economic Analysis for the Production of Formic Acid Via Oxidation Processing of Residual Biomass in Ecuador

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