Project Synopsis
Perform a third-party evaluation of a preliminary process design to determine the technical and economic viability of the facility prior to full scale plant design.
Project Summary
SCRAP TIRE PYROLYSIS PLANT FEASIBILITY STUDY
The client possesses licensing rights to a catalytic pyrolysis process they intend to use for the reclamation of oil, steel, and carbon black from scrap tires. Process Engineering Associates, LLC (PROCESS) was contracted by the client to prepare a third-party evaluation of the system to determine the technical and economic viability of this facility currently in the preliminary stages of full-scale plant design. This project was performed concurrently by PROCESS and a major architect/engineering firm.
PROCESS performed the following tasks in support of this effort:
- Established ranges for expected product yields using mass balance estimates developed from data provided by the client.
- Reported properties for the recovered products were compared to industry-standard specifications to establish their relative worth and utility.
- Evaluated process flow diagrams (PFDs) and equipment descriptions to discover and detail potential operational issues.
- Developed estimated ranges for gross product revenue, manufacturing costs, and other general expenses.
- Prepared discounted Cash Rate of Return (DCRR) and sensitivity analyses to determine the profitability potential of the unit.
PROCESS’ opinions relative to the feasibility of the facility were assembled into a project report for use by the client in securing construction financing.
Industry Type
- Waste Recycling
- Alternative Fuels
Utilized Skills
- Product specification review
- Independent third party process design review
- Operating cost and profitability analysis support
- Due diligence