Project feasibility study : wood pellet manufaturing in Thailand

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Project feasibility study : wood pellet manufaturing in Thailand

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Title: Project feasibility study : wood pellet manufaturing in Thailand
Author: Thambanchacheep, Chaowatchai
Description: Nowadays, Fuel Energy is one of the most essential things in daily life but because the very limited of fossil energy but the demand is abundant which make the price is tend to going up, higher and higher, everyday especially oil that the price of oil has been increased around 151% in the past seven years, 1998 to 2005, (Food and Agriculture Organization [FAO], 2006). Not only problem from increasing of fuel price environmental problem, Greenhouse Effect, Global warming, is now the main environmental problem of the world. The result of global warming is now effecting greatly around the world and have tendency to be more and more severe. As a result of energy and environmental crisis, the regulation, restriction or technology was conducted through many countries and organization such as EURO 3, Ethanol, Bio Diesel and Kyoto Protocol. Wood pellet is one kind of biomass that made from heated and compressed of wood by product such as saw dust and wood shaving. Wood pellet is widely use in European countries and United Stated of America because the environmental effect is very low and the price is compatible with other fuel. Therefore, this study intends to investigate the feasibility of manufacturing wood pellet biomass fuel in Thailand from residual, scrap, saw dust, defect and etc of wood. The main market for wood pellet are the developed country which concern about environmental effect such as European Country, United Stated of America and Japan. The result from the study shown the opportunity of the project the project is very attractive from high growth rate of market developing, few competitors while pleasing return and not much risk. The return from the project is 29% of Interest Rate of Return (IRR), 5 years pay back periods, Net Present Value (NPV) 6,970,331.10 Baht at 8.25% discount interest rate. Thus the wood pellet is very appealing and extremely high potential to invest in Thailand because of high market growth rate, high return with acceptable risk.Shinawatra University,School of Management
URI: http://hdl.handle.net/123456789/2393
Subject: Wood products; Fuelwood; Fuelwood industry; Forest products
Date: 2015-05-27

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