Zulkifli Rangkuti_Abstract_1822014

KELAYAKAN INVESTASI USAHA DAN KEEKONOMIAN BIODIESEL

Zulkifli Rangkuti

Sekolah Tinggi Manajemen IMMI Jakarta

Jl. Tanjung Barat No.11 Jakarta Selatan, 12510, Indonesia.

Bambang Mulyana

Fakultas Ekonomi dan Bisnis Universitas Mercu Buana

Jl. Meruya Selatan, Kebun Jeruk-Jakarta Barat, 11650, Indonesia.

  • Korespondensi Penulis:
  • Zulkifli Rangkuti: Telp.+62 21 781 5142; Fax.+62 21 781 5144
  • E-mail: zrangkuti@gmail.com

Abstract

This study aimed to analyze the business feasibility and economy of the biodiesel industry in terms of various aspects with various assumptions. Main calculation Techniques used were: the benefit and cost ratio (B/C Ratio), the net present value (NPV), internal rate of return (IRR), and payback period (PBP). Assuming an installed capacity of 100,000 tons per year, the production of biodiesel could be produced in the third year, 90,278 tons per year. The production increased steadily until 92,778 tons per year from the fourth year to the tenth year. It can be achieved by general assumption that working days within 1 year, from January to December were 360 days. Economy of biodiesel would happen if the subsidy could cover the difference between the selling price of biodiesel and MOPS diesel fuel prices. In 2011, the average value of subsidy was Rp2,463.60 per liter, but because the rule stated that the maximum subsidy was Rp2,000.00 per liter, the government purchase on biodiesel products was Rp8,840.00 per liter, which was calculated based on diesel fuel MOPS in 2011 as much as Rp6,840.00 per liter plus maximum subsidy.  The result of analysis showed that biodiesel investment was worthy to be realized. 

Key words: benefit and cost ratio (B/C), biodiesel economy, internal rate of return (IRR), investment feasibility, net present value (NPV), payback period (PBP)

(Full Text.pdf)

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