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186

2016

أوابك العلمية لعام

ص لبحوث العلمية الفائزة بجائزة

عدد خا

مجلة النفط والتعاون العربي

161

العدد

- 2017

أربعون

المجلد الثالث و ال

Re-refining of Used Lubricating Oil and its Economic and Environmental Implications

63

Table 6 Evaluation of STP project process economics

Investment cost (k$)

Fixed capital cost

55000

Intercalary interests(9% of Fixed capital)

4950

Start up costs(3 months of operating costs)

14200

Redeemable Capital

74150

Operating cost ($/t of feed)

Variable costs

$/ton of feed

Raw material

330

Cost of utilities

MP Steam

8

Thermal oil

2

Cooling Water

8

Electric power

2

Total variable cost

350

Labor

Operators and Personnel

25

Total variable cost + Labor

375

Fixed cost

Depreciation (10 years)

46

Maintenance (5% investment)

23

Laboratory expenses

5

Insurance, Licensing fee

25

Total fixed costs

99

Total operating costs

474

Price ($/t)

Production

(kg/t)

Water

0

50

0

Light ends

250

20

5

Gas oil

330

30

10

Base oil

800

741

741

Asphaltic residue

125

120

15

Total sales

771

Annual total sales(k$)

92508

Annual operating cost(k$)

56911

Profit before tax

35597

Cash flow(profits + depreciation)

41093

ROI (%)

25

Pay-out (years)

1.8

Product revenues (total yield of

base oil=95%)