Agricultural and Biosystems Engineering Publications
Campus Units
Agricultural and Biosystems Engineering
Document Type
Article
Publication Version
Published Version
Publication Date
2017
Journal or Book Title
Bioengineering
Volume
4
Issue
4
First Page
0083
Research Focus Area(s)
Biological and Process Engineering and Technology
DOI
10.3390/bioengineering4040083
Abstract
Soybean oil production is the basic process for soybean applications. Cash flow analysis is used to estimate the profitability of a manufacturing venture. Besides capital investments, operating costs, and revenues, the interest rate is the factor to estimate the net present value (NPV), break-even points, and payback time; which are benchmarks for profitability evaluation. The positive NPV and reasonable payback time represent a profitable process, and provide an acceptable projection for real operating. Additionally, the capacity of the process is another critical factor. The extruding-expelling process and hexane extraction are the two typical approaches used in industry. When the capacities of annual oil production are larger than 12 and 173 million kg respectively, these two processes are profitable. The solvent free approach, known as enzyme assisted aqueous extraction process (EAEP), is profitable when the capacity is larger than 17 million kg of annual oil production.
Access
Open
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Copyright Owner
The Authors
Copyright Date
2017
Language
en
File Format
application/pdf
Recommended Citation
Cheng, Ming-Hsun and Rosentrater, Kurt A., "Profitability Analysis of Soybean Oil Processes" (2017). Agricultural and Biosystems Engineering Publications. 850.
https://lib.dr.iastate.edu/abe_eng_pubs/850
Comments
This article is published as Cheng, Ming-Hsun, and Kurt A. Rosentrater. "Profitability Analysis of Soybean Oil Processes." Bioengineering 4, no. 4 (2017): 0083. DOI: 10.3390/bioengineering4040083. Posted with permission.