Sensitivity analysis of nitrocellulose production from palm oil empty fruit bunches

Abstract

Nitrocellulose as a propellant can be obtained using a nitration reaction of Palm Oil Empty Fruit Bunches (POEFBs). In this study, we examined the sensitivity analysis of nitrocellulose production from POEFBs based on POEFBs price, electricity price, nitrocellulose price, and production capacity. The results showed that economic evaluations without sensitivity analysis deviations produced NPV, IRR, PBP and ROI in the values of US$ 1,437,097, 18.36%, 4.51 years and 16.31%. The most influential variable in the sensitivity analysis of nitrocellulose production was nitrocellulose price and production capacity. On the other side, POEFBs price and electricity price did not significantly affect the sensitivity analysis of nitrocellulose production.