The latest report titled “Ethanol Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Ethanol.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Ethanol production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, an d investments.
Procurement Resource Assessment of Ethanol Production Process:
1. Ethanol Production Cost From Hydration Process/ Synthetic Route: This report presents the detailed production methodology and cost analysis of ethanol industrial production across ethanol manufacturing plants. Ethylene and steam are mixed with an acidic catalyst to create ethanol. However, the resulting ethanol must undergo further purification before it can be used.
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2. Ethanol Production Cost From Fermentation Process: This report provides the thorough economics of ethanol industrial production across ethanol manufacturing plants. This process involves ethanol production along with its byproduct, carbon dioxide, by fermenting carbohydrates. This process works best at temperatures between 25°C and 35°C without oxygen and results in an aqueous solution.
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Product Definition:
Ethanol, also referred to as ethyl alcohol, is a primary alcohol compound that consists of an ethane molecule with a hydroxy group replacing one of its hydrogens. Its molecular formula is C2H6O, and its weight is 46.07 g/mol. Ethanol is utilized extensively as a solvent and preservative in various pharmaceutical products and serves as the chief ingredient in alcoholic beverages. It can also be found in scents, flavorings, colorings, and medicines meant for human consumption. Despite its extensive range of applications, ethanol is classified as a drug because of its psychoactive effects on the central nervous system. It is a clear, colorless liquid with a vinous odor and pungent taste, with a flash point of 55 °F and a density of 6.5 lb/gal. Its vapors are denser than air, making it important to handle it with caution.
Market Drivers:
Ethanol, also known as ethyl alcohol, is a clear and transparent liquid that has a wide range of uses. It is commonly found in alcoholic beverages like beer, wine, and brandy, where it is used as a diluting agent. Ethanol is also used in pharmaceutical preparations, cosmetics, and perfumes and is a topical treatment for skin infections. The market for ethanol is segmented by grade, end-user industry, and geography. It is a cost-effective additive to petrol, which helps manufacturers and consumers to reduce costs. It is also an eco-friendly alternative to crude oil and natural gas as fuel for the automotive industry, as it reduces the emission of air toxins, carbon monoxide, particulate matter, nitrous oxides, and exhaust hydrocarbons. As the consumption of crude oil and natural gas continues to negatively impact the environment and with the high prices of crude oil, biofuels like bioethanol are becoming increasingly popular as a viable alternative.
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