Process optimization and technoeconomic assessment of biodiesel production by one-pot transesterification of Ricinus communis seed oil

In the present study, Ricinus communis seed oil with high free fatty acid content was utilized for the one-pot biodiesel production using 1-(2,3-dihydroxy)-propyl-3-methylimidazolium hydroxide, a basic ionic liquid catalyst. The 97.83% biodiesel yield was obtained at the optimized conditions of 6.26 % (w/w) of catalyst concentration, 10.51:1 M ratio of methanol to oil, 57.87 degrees C temperature and reaction time of 61.01 min. The transesterification of Ricinus communis seed oil to biodiesel exhibited an activation energy of 37.60 kJ/mol. The technoeconomic analysis, the profitability and the sensitivity analysis were investigated for the simulated process design. The technoeconomic analysis reported a total revenue of 20,455,431 $/yr, with gross margins, ROI, payback period, IRR, and NPV of 23.54%, 35.72%, 2.8 years, 28.20%, and 19,287,000 $, respectively. According to the sensitivity analysis, the two most important factors determining the economic viability of the simulated process are Ricinus communis seed oil cost and biodiesel selling price.