Economic evaluation of different fuels in the production of La₂NiO4 Particles using a sol-gel combustion
Joint Authors
Nandiyanto, Asep Bayu Dani
Putri, Dea Bella Dewary Atika
Sunarya, Yayan
Raharjo, Jarot
Source
Journal of Engineering Research
Issue
Vol. 11, Issue 1 A (31 Mar. 2023), pp.22-29, 8 p.
Publisher
Kuwait University Academic Publication Council
Publication Date
2023-03-31
Country of Publication
Kuwait
No. of Pages
8
Main Subjects
Abstract EN
Lanthanum nickelate (La2NiO4) is a precursor for producing lanthanum pentanickel (LaNis) alloys for nickel-metal hydride battery (NiMH; a type of rechargeable battery), which has been developed quite rapidly for many applications, such as Hybrid Electric Vehicles.
The purpose of this study was to evaluate the economic feasibility of the production of La2NiO4 with different fuels (i.e., glycine fuel (F-G) and citric acid fuel (F-CA)) using a sol-gel combustion method.
Several economic evaluation parameters were analyzed, such as gross profit margin, internal rate of return, payback period, cumulative net present value, and so on.
The project was evaluated from the ideal condition to the worst-case conditions, including labor, sales, raw material, utility, as well as external conditions (e.g., tax).
The results showed that the production of La2NiO4 is prospective from engineering and economic perspectives.
The engineering analysis for both production steps using F-G and F-CA is feasible, and the production can be done even in small-scale production using commercially available apparatus.
The economic analysis showed that the process using F-CA is better than that using F-G.
From this economic evaluation analysis, the project is profitable and the recovery of the investment is less than seven years for F-G and four years for F CA.
Although this project is feasible to run and profitable, it is not attractive to industrial investors due to the fewer values in some parameters.
Thus, since this material is very important to reduce dependence on imports, additional further technologies for improving processes and support from Corporate Social Responsibility (CSR) and government are important for maintaining this project.
American Psychological Association (APA)
Nandiyanto, Asep Bayu Dani& Putri, Dea Bella Dewary Atika& Sunarya, Yayan& Raharjo, Jarot. 2023. Economic evaluation of different fuels in the production of La₂NiO4 Particles using a sol-gel combustion. Journal of Engineering Research،Vol. 11, no. 1 A, pp.22-29.
https://search.emarefa.net/detail/BIM-1494577
Modern Language Association (MLA)
Nandiyanto, Asep Bayu Dani…[et al.]. Economic evaluation of different fuels in the production of La₂NiO4 Particles using a sol-gel combustion. Journal of Engineering Research Vol. 11, no. 1 A (Mar. 2023), pp.22-29.
https://search.emarefa.net/detail/BIM-1494577
American Medical Association (AMA)
Nandiyanto, Asep Bayu Dani& Putri, Dea Bella Dewary Atika& Sunarya, Yayan& Raharjo, Jarot. Economic evaluation of different fuels in the production of La₂NiO4 Particles using a sol-gel combustion. Journal of Engineering Research. 2023. Vol. 11, no. 1 A, pp.22-29.
https://search.emarefa.net/detail/BIM-1494577
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 28-29
Record ID
BIM-1494577