The latest report titled “Propionic Acid Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Propionic Acid.
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 Propionic Acid production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Propionic Acid Production Process:
1. From Reppe Process: This report presents the detailed production methodology and cost analysis of Propionic Acid industrial production across Propionic Acid manufacturing plants. The production process starts by reacting ethylene, carbon monoxide, and water at high temperatures, generating steam. These three elements undergo a chemical reaction to ultimately produce propionic acid as the final product.
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2. From Larson Process: This report provides the thorough economics of Propionic Acid industrial production across Propionic Acid manufacturing plants. The Larson process kicks off the synthesis, involving a reaction between ethanol and carbon monoxide in the presence of a catalyst. Boron trifluoride is employed as the catalyst in this chemical reaction, leading to the production of propionic acid as the end product.
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Product Definition:
Propionic acid, with the chemical formula C₃H₆O₂, is a naturally occurring carboxylic acid. It’s a colorless liquid with a pungent, somewhat unpleasant odor and is soluble in water. Propionic acid is notable for its preservation properties; it’s widely used as a food preservative under the food additive code E280, particularly in baked goods, as it effectively inhibits mold and some bacteria. In addition to its role in food preservation, propionic acid has applications in the production of various chemicals, such as herbicides, pharmaceuticals, and fragrances. It’s also used in the manufacture of plasticizers and thermoplastics Propionates, the salts and esters of propionic acid, are similarly utilized in food preservation and in the chemical industry Propionic acid is produced industrially through hydrocarboxylation of ethylene, using nickel carbonyl as a catalyst, or via fermentation processes. Its chemical structure allows it to be versatile in chemical reactions, particularly in the synthesis of more complex organic compounds.
Market Drivers:
The market demand for propionic acid is largely driven by its diverse applications across several key industries. Its role as a food preservative, particularly in extending the shelf life of baked goods by preventing mold and bacterial growth, is a significant factor, especially with the increasing global consumption of processed and packaged foods. In the animal feed sector, the growing livestock industry heightens the need for effective feed preservatives, thereby boosting the demand for propionic acid. Additionally, its use in the chemical industry as a vital ingredient in the production of herbicides, plastics, and plasticizers, especially in emerging economies, contributes to its market growth. The pharmaceutical industry also adds to the demand, utilizing propionic acid in drug synthesis. These varied applications in food preservation, animal feed, chemical manufacturing, and pharmaceuticals collectively drive the market for propionic acid.
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