Biodegradable corn starch plastic granules have emerged as a promising alternative to non-renewable plastic granules. Plastic granules made from corn starch are biodegradable and have similar properties to traditional plastic granules. The feasibility and techno-economic viability of producing biodegradable corn starch plastic granules will be the focus of this research.
Feasibility Analysis
Demand in the Market
Global demand for biodegradable corn starch plastic granules is rising as environmental concerns and regulations become more stringent. Biodegradable corn starch plastic granules can be used to make a variety of products, including bags, containers, and packaging materials. According to Markets and Markets, the global biodegradable plastics market will reach $6.12 billion by 2023, growing at a 14.5% CAGR from 2018 to 2023. According to the report, Asia-Pacific is expected to be the largest market for biodegradable plastics due to the region’s growing demand for sustainable products.
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Materials for Production
Corn starch is the primary raw material used in the production of biodegradable corn starch plastic granules. Corn starch is a renewable resource that is widely available throughout the world. Plasticizers, which are used to improve the flexibility and durability of the final product, as well as additives such as colourants, UV stabilisers, and antioxidants, are also required for the production of biodegradable corn starch plastic granules.
Manufacturing Methodology
The following steps are involved in the production of biodegradable corn starch plastic granules:
- Making a slurry of corn starch, water, and plasticizers.
- The slurry is extruded through a die to form long strands.
- Making small pellets out of the strands.
- The pellets are being dried.
- Colorants, UV stabilisers, and antioxidants are added to the pellets.
- The pellets can then be used to make a variety of biodegradable products.
Related Business Plan: Biodegradable Plastic Bags From Corn & Cassava Starch
Infrastructure Requirements
The following infrastructure is required to produce biodegradable corn starch plastic granules:
Plant of production: A manufacturing plant with enough space to house the equipment needed for the manufacturing process.
Equipment: Extruders, cutters, dryers, and mixers are required for the manufacturing process.
Utilities: Water, electricity, and gas are required to power the equipment.
Raw material storage: Adequate storage space is required to store the raw materials used in the manufacturing process.
Finished product storage: Ample storage space is required for the finished biodegradable corn starch plastic granules.
Techno-Economic Viability Analysis
Capital expenses
The capital costs of establishing a biodegradable corn starch plastic granule production plant will be determined by the size of the plant. A small-scale production plant with a capacity of 1,000 tonnes per year will require an investment of around $2 million, while a large-scale production plant with a capacity of 10,000 tonnes per year will require an investment of around $20 million. The capital costs will include the costs of land, building, equipment, utilities, and other infrastructure requirements.
Read our Books Here: Bioplastics & Biodegradable Products Manufacturing Handbook
Operating expenses
The operating costs of a biodegradable corn starch plastic granule production plant will include the costs of raw materials, labour, utilities, maintenance, and other overhead costs. The raw material costs will be determined by the current market prices for corn starch and plasticizers. The labour costs will be determined by the number of employees needed to run the manufacturing plant. The cost of utilities will be determined by the amount of water, electricity, and gas consumed. The maintenance costs will be determined by the frequency with which the equipment must be serviced.
Frequently Asked Questions:
- What is the Purpose of Conducting a Feasibility and Techno-Economic Viability Study on the Production of Biodegradable Corn Starch Plastic Granules?
- This study aims to assess whether producing biodegradable plastic granules from corn starch is a financially viable and environmentally sustainable venture.
- How is Biodegradable Corn Starch Plastic Different from Traditional Plastics?
- Biodegradable corn starch plastic is made from renewable resources like corn starch and is designed to break down naturally in the environment, reducing the negative impact of traditional plastics on ecosystems.
- What Factors are considered in the Feasibility Study for This Project?
- The feasibility study will examine factors such as raw material availability, production costs, market demand, regulatory compliance, and potential environmental benefits of biodegradable corn starch plastic production.
- What are the Potential Environmental Benefits of Producing Biodegradable Corn Starch Plastic Granules?
- Biodegradable corn starch plastic has the potential to reduce plastic pollution, as it can naturally degrade over time. It also decreases the reliance on fossil fuels used in traditional plastic production.
- How Can Businesses and Investors Benefit from the Findings of This Study?
- Businesses and investors can use the results of the feasibility and techno-economic viability study to make informed decisions about investing in biodegradable corn starch plastic production, potentially entering a growing market for eco-friendly alternatives to traditional plastics.
These FAQs provide an overview of the key aspects related to the feasibility and techno-economic viability study of producing biodegradable corn starch plastic granules.
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