Procurement Resource Analyses the Production Cost of Butanedioic Acid in its New Report
Analyses Overview of The New Production Cost Report of Butanedioic Acid
The new report by Procurement Resource, a global procurement research, and consulting firm, looks in-depth into the costs involved in the production of Butanedioic Acid. The comprehensive report analyses the production cost of the material, covering the raw material costs and co-product credit, equipment costs, land and site costs, labor wages, maintenance costs, financing charges, and depreciation costs. The extensive study describes the stepwise consumption of material and utilities along with a detailed process flow diagram. The report also assesses the latest developments within the industry that might influence ButaneDioic Acid production cost, looking into the capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Succinic acid is a chemical that is utilised as an intermediary in the synthesis of many polymers and resins in various industrial applications. It was previously made from crude oil and natural gas; but, due to dwindling fossil fuel resources and the harmful impact on the environment during extraction, the government has imposed strict controls. Furthermore, as demand for items created from non-green resources has decreased and customer awareness has grown, manufacturers have increased their investment in finding green raw material sources to extract succinic acid.
Factors Impacting the Butanedioic Acid Production Cost:
The increase in demand for bio-succinic acid is attributed to price fluctuations in fossil fuels, increased carbon footprints, and increased use of locally accessible raw resources. Additionally, as worldwide demand for green chemicals grows, it is projected to be adopted in a wide range of applications, particularly in bioplastics, making it a powerful platform chemical. Furthermore, increasing crude oil prices, increased investments in green chemicals, increased demand for renewable chemicals, and increased government backing are expected to propel the industry forward. However, the market’s expansion is limited by the greater cost of bio-succinic acid and the time it takes to extract it.
Procurement Resource Assessment of Butanedioic Acid Production:
The production cost report by Procurement Resource assesses the production of ButaneDioic Acid from raw sugar using the fermentation process. Raw sugar is diluted and hydrolyzed in this process to create glucose and fructose, which are then fermented to produce butanedioic acid as the end product.
Also Read – Butanedioic Acid Production from Glycerol via Fermentation
A full cost study of butanedioic acid generation from glucose through fermentation is also included in this research. Glucose syrup is utilised as the starting material in this procedure to make butanedioic acid.
Another cost study of butanedioic acid synthesis by hydrogenation is also included in this research. Maleic anhydride is first hydrogenated to produce succinic anhydride, which is then further processed to produce butanedioic acid.
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