CD Skripsi
Executive Summary Rancangan Pabrik Asam Format Proses Basf Dengan Desain Alat Utama Kolom Distilasi Reaktif Hidrolisis Metil Format (R-201)
ABSTRACT
Formic acid (HCOOH) is one of the simplest carboxylic acids and is widely used in various industries such as textile, leather, livestock, and chemical industries as an intermediate compound. The formic acid market in Indonesia is projected to experience significant growth from 2023 to 2029, driven by rising demand from the chemical, pharmaceutical, textile (IKFT), and latex industries. The Ministry of Industry of Indonesia (Kemenperin) targets the growth of the rubber and IKFT sectors (chemical, pharmaceutical, and textile industries) at 6.05% in 2025, with projections reaching 7.85% by 2029. Globally, formic acid demand reached 750 thousand tons in 2022–2023 and is projected to grow at a rate of 4.48% annually until 2035. The increasing national and international market demand presents a substantial opportunity to establish domestic production facilities to reduce import dependency. This BASF-based formic acid plant is planned to be constructed in Tanjung Enim, Palembang with a production capacity of 36,000 tons per year.
The formic acid production process using the BASF method offers advantages such as high efficiency and the ability to recycle methanol, making it an economical and environmentally friendly process capable of producing high-purity products. The plant will require electricity amounting to 333,758 kW. The water source used in the design of the formic acid plant is river water from the Enim River area in Palembang, South Sumatra, with a total water requirement of 163,313.576 kg/h. The total waste generated from the formic acid production process, including other waste streams, is estimated at 1,879.039 kg/h and will be treated in a waste treatment unit to ensure the plant operates in compliance with environmental standards.
Economic analysis shows a total capital investment (TCI) of IDR 2,271,643,375,326, a total production cost (TPC) of IDR 2,231,414,250,987, and a working capital investment (WCI) of IDR 904,203,922,184. The plant is expected to generate annual revenue of IDR 4,588,200,192,847.42. Profitability analysis yields a net present value (NPV) of IDR 7,795,314,773,601 at a given discount rate, an internal rate of return (IRR) of 19.66%, a break-even point (BEP) at 45.28% production capacity, and a payback period (PBP) of 3.22 years. These results indicate that the formic acid plant is economically feasible and represents a profitable investment opportunity.
Keywords: Economic Analysis, Formic Acid, BASF, Total Capital Investment, Utilities
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