Please use this identifier to cite or link to this item:
http://hdl.handle.net/2080/4529
Title: | Techno-Economic Feasibility, Scaling Up, Commercialization and Hurdles of Waste Management Strategies |
Authors: | Gujjala, Lohit Kumar Srinivas |
Keywords: | Techno economic analysis Lignocellulosic biomass Platform chemicals Scale up studies Bioprocess |
Issue Date: | Feb-2024 |
Citation: | Advanced Entrepreneurship and Skill Development Program, IIT Kharagpur, India, 12-16th February 2024 |
Abstract: | Techno-economic assessment (TEA) is a comprehensive analysis tool to evaluate whether a proposed product is cost competitive to its conventional counterpart. It combines technological and economical aspects to evaluate technical feasibility and economic viability of the project. Economic indices viz., net present value, return on investment, internal rate of return, payback time, benefit/cost ratio, etc., are conventionally used to compare with business as usual scenario to determine the economic viability of the waste to wealth venture. In this seminar, case studies related to valorization of lignocellulosic biomass for high value products formation will be discussed along with in-depth analysis of their economic viability. Further criteria adopted for efficient scaling up of bio-processes viz., technology selection and adaptation, modularity and standardization, automation and process control, energy efficiency, etc., along with hurdles for commercialization such as technological challenges, economic viability, uncertain market demand, financing and investment challenges, infrastructure and logistics issues, lack of standardization and certification will be discussed. |
Description: | Copyright belongs to proceeding publisher |
URI: | http://hdl.handle.net/2080/4529 |
Appears in Collections: | Conference Papers |
Files in This Item:
File | Description | Size | Format | |
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2024_AESDP_LKSGujjala_Techno-Economic.pdf | Presentation | 1.92 MB | Adobe PDF | View/Open Request a copy |
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