Financial Feasibility and Value-added Evaluation of OPEFBs Valorization into Xylitol

Bintang Shalihhaifa Kertawidjaja, Totok Pujianto, Efri Mardawati

Abstrak


Oil palm empty fruit bunches (OPEFB) are by-product wastes of palm oil processing that are released at 2.5 million tons each year and become an environmental problem when they are not utilized. OPEFB contains cellulose (33.83–34.85%), hemicellulose (17.07–18.95%), and lignin (26.71–27.54%). The hemicellulose contained in OPEFB can be further hydrolyzed into xylose, which is used as a raw material for fermentation as xylitol, a sugar alcohol that is often used in the food and pharmaceutical industries. The increase in xylitol in Indonesia is expected to reach 7.5 thousand tons in 2025, and the global market is worth USD 1.37 billion. The financial feasibility and the Hayami and Kawagoe method of value-added analysis were then used to evaluate opportunities in the production of OPEFB-based xylitol. The parameters used consist of payback period (PP), net present value (NPV), benefit cost ratio (BCR), internal rate of return (IRR), and break even point (BEP). The results of the financial feasibility analysis prove that investment in xylitol from OPEFB is feasible with a PP value of 1.85 years, NPV of 324,030,480,120, BCR of 1.63, IRR of 73.4%, and unit BEP of 405.4 tons. Furthermore, the value-added ratio obtained was 32.15%, which is included in the moderate category because it is in the range of 15–40%.

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Referensi


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