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. 2024 Mar 13;10(6):e27713. doi: 10.1016/j.heliyon.2024.e27713

Table 3.

Equations decsribing the economic parameters [30].

CAPEX=∑Purchasedequipment+Equipmentsetting+Piping+Civil+Steel+Instrumentation+Electrical+Insulation+Paint+Contractfees+Generalandadministrativeoverheads+Contingencies (7)
Workingcapital=5%ofCAPEXlifetime (8)
OPEX=∑Feedstocks+Operatingcharges+Labourcharges+maintenancecost+Plantoverhead+Generalandadmistrativeoverheads (9)
Subtotaloperatingexpenses=∑Operatingcharges+Labourcharges+maintenancecost+Plantoverhead (10)
Labourcharges=(OperatorspershiftXOperatorcharges)+(supervisorspershiftXSupervisorcharges) (11)
Operatingcharges=25%oflabourchargesPeriod (12)
Plantoverhead=50%oflabourchargesandmaintenancePeriod (13)
Generalandadministrativecost=8%ofsubtotaloperatingcostPeriod (14)
Returnoninvestment(%)=NetprofitCAPEX (15)
Paybackperiod(years)=CAPEXCashinflow (16)
Minimumsellingprice(USDkg)=CAPEX+∑1lifespan(Opex(1+DiscountRate)−lifespan)∑1lifespan(fuelyield(1+DiscountRate)−lifespan) (17)
Costdesign=Costbase∙(CapacitydesignCapacitybase)scalingfactor∙Installingfactor (18)
Costdesign,USD2019=Costdesign,USDi∙(CEPCI2019CEPCIi) (19)