Economic Analysis of Producing Fishmeal and Fish Oil from Channel Catfish,<i>Ictalurus punctatus</i>, Processing Wastes

Kaliba, Aloyce R.; Engle, Carole R.; Bouras, David

doi:10.1111/j.1749-7345.2009.00312.x

Cited by 3 publications

(2 citation statements)

References 9 publications

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“…(2003) 25 and Kaliba et al (2010), 28 as well as on data from other authors such as Brown (2021) 29 and Couper (2003). 30…”

Section: Economic Evaluationmentioning

confidence: 75%

Biodiesel and fishmeal from Nile tilapia waste: process, techno‐economic, and Monte Carlo analyses

Igansi,

da Silva,

Engelmann

et al. 2023

Biofuels Bioprod Bioref

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Waste from the fish processing industry can provide a profitable and sustainable business. Industrial fish by‐products can be used as raw material to produce biofuels. This work evaluates the production process, characterization, and economic analysis for the production of biodiesel and fishmeal from tilapia processing waste. It demonstrates the potential of neutralized tilapia oil as a valuable raw material for biodiesel production. It presents specific mass, viscosity, and flash point results in line with ASTM and EN standards. Different plant sizes are modeled to evaluate biodiesel economic viability. Only the largest plant size was economically viable. In this case, the net present value (NPV) of US$ 13.89 million, the internal rate of return (IRR) of 50%, and the earnings before interest and taxes (EBIT) of US$ 7.87 million/year showed that the production of biodiesel and fishmeal using tilapia waste is economically attractive. Monte Carlo simulation was used to analyse the price distribution of biodiesel and fishmeal and their effects on the plant size. A large plant size gave 100% good scenarios, whereas a medium plant size showed 25% beneficial scenarios, and small plants did not have good scenarios. In this context, the plant size can overcome risks from price variability. The economic evaluation revealed that the production scale and the factory's location influenced the project's viability directly as raw material costs are associated with transportation expenses. The study therefore indicates that not all countries with well established tilapia production can produce biodiesel in a viable and sustainable way.

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“…(2003) 25 and Kaliba et al (2010), 28 as well as on data from other authors such as Brown (2021) 29 and Couper (2003). 30…”

Section: Economic Evaluationmentioning

confidence: 75%

Biodiesel and fishmeal from Nile tilapia waste: process, techno‐economic, and Monte Carlo analyses

Igansi,

da Silva,

Engelmann

et al. 2023

Biofuels Bioprod Bioref

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show abstract

“…Banyak penelitian di bidang ini menunjukkan potensi bagi usaha pengolahan ikan untuk menambah nilai dengan mengolah limbah menjadi tepung ikan. Pada jangka panjang ke depan penilaian komprehensif pasar untuk tepung ikan dari limbah pengolahan ikan diperlukan untuk menilai kelayakan keseluruhan dari usaha tersebut (Kaliba, et al (2010)…”

Section: Tinjauan Pustakaunclassified

Valuasi Ekonomi Limbah Ikan Waduk Cirata Menjadi Produk Tepung Ikan

Rizal¹,

Suryana²,

Sahidin

2020

adbispreneur

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Mass mortality of fish in the Citarum River serial reservoir, including the Cirata reservoir has grown up to be a crucial issue for the fishing community in West Java. Fish waste due to mass death of fish in Cirata reservoir is quite high. In the context of fish mass death becomes a waste, the economic opportunity to develop fish waste into fish meal is of monetary value in terms of the availability of raw materials, nutritional composition, and marketing. In other words, the opportunity to increase fish waste into fish meal in the Cirata reservoir is fairly potential. If this happens, fish meal business has a great opportunity to enhance. Economically, economic valuation results show that: Firstly, fish meal business offers the opportunity to be developed because there is enough raw material available. Secondly, from economic analysis shows that this business is feasible, so that it has economic opportunities, this profitable opportunity will increase, if there is a mass death of fish, because production costs decrease, in this case fish prices decline. Third, the total cost required to build a fish meal home industry is Rp. 110,150,000, - with details of the initial investment costs of Rp. 63,500,000 and operational expenditure (operational costs) of 46,650,000. Finally, the economic value for the feasibility of fish flour shows that the business is feasible where BC ratio is 1.33, ROI is 6.39% and Pay Back Period is 15.63 months.Kematian massal ikan di waduk serial Sungai Citarum, termasuk di Waduk Cirata telah menjadi isu sentral bagi masyarakat perikanan di Jawa Barat. Limbah ikan akibat kematian massal ikan di Waduk Cirata cukup tinggi. Pada konteks kematian massal ikan sehingga menjadi limbah, peluang ekonomi pengembangan limbah ikan menjadi tepung ikan cukup bernilai ekonomis ditinjau dari aspek ketersediaan bahan baku, komposisi nutrisi, dan pemasaran. Dengan kata lain, peluang untuk meningkatkan limbah ikan menjadi tepung ikan di Waduk Cirata cukup potensial. Jika ini terjadi, usaha tepung ikan, memiliki peluang besar untuk berkembang. Secara ekonomi, hasil valuasi ekonomi menunjukkan bahwa: Pertama, Usaha tepung ikan mempunyai potensi untuk dikembangkan karena cukup tersedia bahan baku. Kedua, dari analisa ekonomi menunjukkan bahwa usaha ini layak (feasible), sehingga mempunyai peluang yang ekonomis, peluang ekonomi ini akan meningkat, jika terjadi kematian massal ikan, karena biaya produksi menurun, dalam hal ini harga ikan mengalami penurunan. Ketiga,Total biaya yang dibutuhkan untuk membangun home industri tepung ikan sebesar Rp. 110.150.000,-, dengan rincian biaya investasi awal sebesar Rp 63.500.000 dan biaya rutin sebesar 46.650.000,-. Keempat,Perhitungan valuasi ekonomi untuk kelayakan tepung ikan menunjukkan bahwa usaha tersebut adalah layak dimana BC Ratio sebesar 1,33, ROI sebesar 6,39 % dan dan pay back periode selama15,63 bulan.

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Techno-Economic Analysis of Producing Oil Rich in ɷ-3 from Catfish Processing Wastes

Igansi

Silva

Engelmann

et al. 2021

Waste Biomass Valor

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Economic Analysis of Producing Fishmeal and Fish Oil from Channel Catfish,Ictalurus punctatus, Processing Wastes

Cited by 3 publications

References 9 publications

Biodiesel and fishmeal from Nile tilapia waste: process, techno‐economic, and Monte Carlo analyses

Biodiesel and fishmeal from Nile tilapia waste: process, techno‐economic, and Monte Carlo analyses

Valuasi Ekonomi Limbah Ikan Waduk Cirata Menjadi Produk Tepung Ikan

Techno-Economic Analysis of Producing Oil Rich in ɷ-3 from Catfish Processing Wastes

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