The latest report titled “Pyrolysis Oil Production Cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Pyrolysis Oil.
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 Pyrolysis Oil production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Pyrolysis oil is a liquid substance that results from a heating and cooling process. It is made up of over 200 different compounds that result from breaking down materials through pyrolysis. This oil is a valuable source of renewable compounds and bio-chemicals that have gained significant market interest. However, to make it stable and compatible with petroleum-based fuels, further treatment is needed. By using specific types of feedstocks and tailored clean biomass pyrolysis processes, high-quality oils can be obtained. These oils can be used in a variety of applications, such as food aromas, plant protectors, or growth enhancers.
Market Drivers:
Pyrolysis oil is a highly versatile fuel, which can be used in various sectors due to its unique properties. With a fuel value of 50-70% compared to petroleum-based fuels, it can be used as an excellent alternative to traditional boiler fuel or upgraded to renewable transportation fuels. Pyrolysis oil has become a popular industrial fuel, replacing furnace oil in heavy industries such as construction heating, steel, glass, cement, and power factories, as well as hotel heating. It can also be used to heat boilers and generate electricity in the future. Refined or upgraded pyrolysis oil-based products can also be used in gas turbines and diesel generators. Pyrolysis oil can be used as a combustion fuel in industries such as cement, steel, glass, and brick plants. The demand for waste-derived refined pyrolysis oil for heat & power, automotive fuels, and biorefineries is rising, contributing to the industry’s growth.
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