| Author | Wanna Pongpeomperk |
| Call Number | AIT Thesis no. IE-91-24 |
| Subject(s) | Methyl Tert-Buthyl Ether Project
|
| Note | A thesis study submitted in partial fulfillment of the requirements for
the degree of Master of Engineering, School of Engineering and Technology |
| Publisher | Asian Institute of Technology |
| Abstract | In response to environmental problems caused by lead compounds, significant changes in the
composition of gasoline were instituted throughout the world. This resulted in the increased use of
MTBE to replace lead in order to maintain octane levels. This study presents an economic analysis
of an MTBE project in Thailand by selecting a MTBE plant with a capacity of 100,000 ton per year
as a case study. Net present value and internal rate of return technique have been utilized for this
analysis. The economic performance of the MTBE plant is evaluated for 15 years between
1992-2009.
The results of financial analysis of the project show that financial IRR is at 25.57% and NPV
at 2,911 million Baht assuming 5% uniform inflation rate. The results of sensitivity analysis indicate
that the product selling price and the feedstock price are the most sensitive variables, followed by
the variations in fixed capital cost, long-term interest rates, the values of Baht, inflation rates, and
maintenance costs in that order. The project viability drops significantly with the reduction in selling
price and the increase in feedstock price. Under the worst case scenario, it is assumed that the
most sensitive variables namely fixed capital cost, selling prices, and raw material prices, are pessimistic. However, the project is still found to be viable with 17.6% of lRR and 1,058 million Baht
of NPV. |
| Year | 1991 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Industrial Engineering (IE) |
| Chairperson(s) | Tang, John C.S. |
| Examination Committee(s) | Oudheusden, Dirk L. van ;Nagarur, Nagendra N.
|
| Scholarship Donor(s) | The Government of Netherland ; |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 1991 |