Engineering and Economic Evaluation of Production of Fe3O4 Nanoparticles
DOI:
https://doi.org/10.33795/jtkl.v4i1.133Keywords:
Economic evaluation, Fe3O4, engineering.Abstract
This paper aims to evaluate the economic feasibility of Fe 3 O 4 nanoparticle production from a laboratory scale to an industrial scale feasibility. The evaluation was conducted using 2 models of feasibility studies, namely: technical analysis and economic evaluation. Technical analysis provides information on the potential for large-scale production and the results of this process can be applied using commercially available and inexpensive equipment. Economic evaluation is based on a comparison of the Cumulative Net Present Value graph in an ideal condition and the graph when parameters changing are made (such as changes in the dollar exchange rate, the quantity of sales products, and the value of employee salaries). From the evaluation results, all parameter changes give a positive value indicating that the project is feasible to run commercially and on a large scale. This is because the evaluation results provide a stable index of profit for some changes in parameter values. This study shows that Fe 3 O 4 fabrication can provide promising profits in developing countries and can attract foreign investors to work together on Fe 3 O 4 fabrication.
References
F.-Y. Cheng, C.-H. Su, Y.-S. Yang, C.-S. Yeh, C.-Y. Tsai, C.-L. Wu, M.-T. Wu, D.-B. Shieh, Characterization of aqueous dispersions of Fe3O4 nanoparticles and their biomedical applications, Biomaterials, vol. 26, no. 7, pp. 729-738, 2005.
Y. F. Shen, J. Tang, Z. H. Nie, Y. D. Wang, Y. Ren, L. Zuo, Preparation and application of magnetic Fe3O4 nanoparticles for wastewater purification, Sep. Purif. Technol., vol. 68, no. 3, pp. 312-319, 2009.
S. Ni, X. Wang, G. Zhou, F. Yang, J. Wang, Q. Wang, D. He, Hydrothermal synthesis of Fe3O4 nanoparticles and its application in lithium ion battery, Mater. Lett., vol. 63, no. 30, pp. 2701-2703, 2009.
Z. Mo, C. Zhang, R. Guo, S. Meng, J. Zhang, Synthesis of Fe3O4 nanoparticles using controlled ammonia vapor diffusion under ultrasonic irradiation, Ind. Eng. Chem. Res., vol. 50, no. 6, pp. 3534-3539, 2011.
S. Wu, A. Sun, F. Zhai, J. Wang, W. Xu, Q. Zhang, A. A. Volinsky, Fe3O4 magnetic nanoparticles synthesis from tailings by ultrasonic chemical co-precipitation, Mater. Lett., vol. 65, no. 12, pp. 1882-1884, 2011.
D. Chen, R. Xu, Hydrothermal synthesis and characterization of nanocrystalline γ-Fe2O3 Particles, J. Solid State Chem., vol. 137, no. 2, pp. 185-190, 1998.
H. El Ghandoor, H. M. Zidan, M. M. H. Khalil, M. I. M. Ismail, Synthesis and some physical properties of magnetite (Fe3O4) nanoparticles, Int. J. Electrochem. Sci., vol. 7, pp. 5734-5745, 2012.
S. Rajput, C. U. Pittman, D. Mohan, Magnetic magnetite (Fe3O4) nanoparticle synthesis and applications for lead (Pb2+) and chromium (Cr6+) removal from water, J. Colloid Interface Sci., vol. 468, pp. 334-346, 2016.
A. B. D. Nandiyanto, R. Ragadhita, Evaluasi ekonomi perancangan pabrik kimia, Bandung: UPI Press, 2018.
F. A. Shalahuddin, S. S. Almekahdinah, A. B. D. Nandiyanto, Preliminary economic study on the production of ZnO nanoparticles using a sol-gel synthesis method, Jurnal Kimia Terapan Indonesia, vol. 21, no. 1, pp. 1-6, 2019.
F. Nandatamadini, S. Karina, A. B. D. Nandiyanto, Feasibility study based on economic perspective of cobalt nanoparticle synthesis with chemical reduction method, Cakra Kimia (Indonesian E-Journal of Applied Chemistry), vol. 7, no. 1, pp. 61-68, 2019.
A. B. D. Nandiyanto, Cost analysis and economic evaluation for the fabrication of activated carbon and silica particles from rice straw waste, Journal of Engineering Science and Technology, vol. 13, no. 6, pp. 1523-1539, 2018.
Downloads
Published
Issue
Section
License
Copyright (c) 2023 Asha E. Harman, Asep Bayu Dani Nandiyanto
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
