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  • Biodiesel Cost Comparison 16082021

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    Terry Tan
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    This document compares the cost of producing biodiesel from palm oil to the cost of producing diesel from crude oil. It shows that at a CPO price of RM1500-4000 per metric ton and diesel crude price of USD70 per barrel, biodiesel production costs RM361-3361 less than diesel per metric ton. Even as crude oil prices increase from USD70-100 per barrel, biodiesel remains cheaper than diesel, with a price difference of RM195-861 per metric ton. The processing cost to produce biodiesel is RM850 per metric ton compared to RM436 per metric ton for diesel.

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    This document compares the cost of producing biodiesel from palm oil to the cost of producing diesel from crude oil. It shows that at a CPO price of RM1500-4000 per metric ton and diesel crude price of USD70 per barrel, biodiesel production costs RM361-3361 less than diesel per metric ton. Even as crude oil prices increase from USD70-100 per barrel, biodiesel remains cheaper than diesel, with a price difference of RM195-861 per metric ton. The processing cost to produce biodiesel is RM850 per metric ton compared to RM436 per metric ton for diesel.

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    © All Rights Reserved
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    14 views1 page

    Biodiesel Cost Comparison 16082021

    Uploaded by

    Terry Tan
    This document compares the cost of producing biodiesel from palm oil to the cost of producing diesel from crude oil. It shows that at a CPO price of RM1500-4000 per metric ton and diesel crude price of USD70 per barrel, biodiesel production costs RM361-3361 less than diesel per metric ton. Even as crude oil prices increase from USD70-100 per barrel, biodiesel remains cheaper than diesel, with a price difference of RM195-861 per metric ton. The processing cost to produce biodiesel is RM850 per metric ton compared to RM436 per metric ton for diesel.

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    © All Rights Reserved
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    of 1

    Calculation

    Barrel to Liter 159 L


    Gallon to Liter 3.8 L
    Variable CPO Price on Biodiesel Cost vs Diesel Cost Barrel to Gallon 42 Gallon

    A Cost of CPO (RM/Mt) RM 1,500 RM 2,000 RM 2,500 RM 3,000 RM 3,500 RM 4,000 RM 4,500 USD to MYR 4.22 RM @ 9/8/2021
    B Biodiesel Processing Cost (RM/Mt) RM 850 RM 850 RM 850 RM 850 RM 850 RM 850 RM 850
    C=A+B Cost of Biodiesel (RM/Mt) RM 2,350 RM 2,850 RM 3,350 RM 3,850 RM 4,350 RM 4,850 RM 5,350 Diesel CV 45,457 kJ/kg
    Diesel Density 835.91 kg/m3
    Cost of Crude Oil (US/Barrel) USD 70 USD 70 USD 70 USD 70 USD 70 USD 70 USD 70
    D Cost of Crude Oil (RM/Mt) RM 1,553 RM 1,553 RM 1,553 RM 1,553 RM 1,553 RM 1,553 RM 1,553 Biodiesel (Palm Oil ) CV 40,521 kJ/kg
    E Refining Cost of Diesel (RM/Mt) RM 436 RM 436 RM 436 RM 436 RM 436 RM 436 RM 436 Biodiesel (Palm Oil ) Density 964.94 kg/m3
    F=D+E Cost of Diesel (RM/Mt) RM 1,989 RM 1,989 RM 1,989 RM 1,989 RM 1,989 RM 1,989 RM 1,989
    Comparing CV Value between Biodiesel to Petroldiesel
    C-F Price Difference per Mt RM 361 RM 861 RM 1,361 RM 1,861 RM 2,361 RM 2,861 RM 3,361 1 Mt of Petroldiesel 45,457,000 kJ
    1 Mt of Biodiesel 40,521,000 kJ

    1 Mt of Biodiesel equivalent 0.891 Mt Petroldiesel


    Variable Crude oil Price on Biodiesel Cost vs Diesel Cost
    Processing cost of Diesel Processing cost of Biodiesel
    A Cost of CPO (RM/Mt) RM 2,000 RM 2,000 RM 2,000 RM 2,000 RM 2,000 RM 2,000 RM 2,000 Refining cost of Diesel USD 0.47 per Gallon Chemical Cost RM 702 per Mt
    B Biodiesel Processing Cost (RM/Mt) RM 850 RM 850 RM 850 RM 850 RM 850 RM 850 RM 850 RM 436 per Mt Labour Cost RM 44 per Mt
    C=A+B Cost of Biodiesel (RM/Mt) RM 2,850 RM 2,850 RM 2,850 RM 2,850 RM 2,850 RM 2,850 RM 2,850 Brent Crude Oil USD 69.65 per Barrel Electricity RM 59 per Mt
    RM 1,545 per Mt Quality Analysis RM 27 per Mt
    Cost of Crude Oil (US/Barrel) USD 70 USD 75 USD 80 USD 85 USD 90 USD 95 USD 100 Cost of Producing Diesel RM 1,982 per Mt Maintenance RM 18 per Mt
    D Cost of Crude Oil (RM/Mt) RM 1,553 RM 1,664 RM 1,775 RM 1,886 RM 1,997 RM 2,108 RM 2,219 Subtotal RM 850 per Mt
    E Refining Cost of Diesel (RM/Mt) RM 436 RM 436 RM 436 RM 436 RM 436 RM 436 RM 436
    F=D+E Cost of Diesel (RM/Mt) RM 1,989 RM 2,100 RM 2,211 RM 2,322 RM 2,433 RM 2,544 RM 2,655
    Processing Cost Comparison
    C-F Price Difference per Mt RM 861 RM 750 RM 639 RM 528 RM 417 RM 306 RM 195 Fixed Cost of Diesel RM 436 per Mt
    Fixed Cost of Biodiesel RM 850 per Mt

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