How much it will cost to set up a palm oil refinery plant?

Date:2018-10-20/ Tech/ Chat online/ Technical support
How much it will cost to set up a palm oil refinery plant in Nigeria? The total cost of establishing a palm oil refinery plant will be decided by many factors, including the palm oil processing capacity, the quality and quantity of palm oil refinery plant, the palm oil suppliers and more. Henan Doing Company, as a reliable and professional supplier for palm oil refinery plant, will tell you the exact costs on a palm oil refinery plant.
palm oil refinery plant cost
The above picture show us the factors that affect palm oil refinery plant cost
 
Detailed Cost of a Palm Oil Refinery Plant (Following is the detailed analysis of Operating Costs of Palm Oil Refinery Plant):

Plantation maintenance Cost
It includes three aspects: annual cost of fertilization, irrigation and labor for harvesting fruit.

Raw Materials Cost
It includes the cost of reception of fresh fruit bunches.

Transportation Cost
It includes the price for transporting the fruit bunches to a palm oil refinery plant.

Palm oil refinery plant Cost
It includes palm oil refinery plant cost , labor costs, and so on.

Electricity Cost
If the electricity power to run palm oil refinery plant is obtained from local electricity plant and the costs are calculated from the hours of operation. The estimate does not consider the possible increases in power consumption as a result of equipment getting older but the power required to heat machine components prior to production is considered. If the electricity power is supplied by the palm oil refinery plant itself, then the cost may reduce greatly.

Fuel Cost
The fuel cost is proportional to the number of operational days.

Machinery Maintenance Cost
According to senior engineers that it is estimated that the annual maintenance costs on palm oil processing machinery is as 3% of startup cost of the system. Normally, the machinery maintenance depends upon the time the machine is operated. Please note that this analysis doesn't consider extra machinery downtime in case of larger machinery repairs.

Machine Replacement cost
Generally, palm oil refinery plant have a lifetime of approximately 10 to 20 years, operating in 8 hour shifts daily. In the worst case, the palm oil production equipment may need replace entirely every 10 years, but it depends on. So this cost is varied.

Fluctuations in Prices
The fruit bunches and crude palm oil prices are changing every year, so it could also have a impact on the cost of a palm oil refinery plant.

Please note that the palm oil refinery plant cost estimation doesn't include:
Insurance: the insurance requirements on operating a palm oil refinery plant is different, so it is not included in our cost estimation.

To conclude with, although the above palm oil refinery plant cost estimations are made with a thorough testing, it may have little difference in real life. If you are planing to start you palm oil refining business, you could contact us for more details about the palm oil refining machines and the operating cost of a palm oil refinery plant. We have listed our contacts below, please send you questions directly, we will answer as soon as possible.

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