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An Economic Evaluation of Castor Farming
 
Ricinus communis: A Potential Viable Biodiesel Feedstock.
 

The Ricinus communis biodiesel meets all the three criteria any environmentally sustainable fuel must meet. These are social, technical and commercial

The seeds from the Ricinus communis Plant contain in excess of 45% oil. Castor seed oil is being used widely for various purposes. It is used as a lubricant in high-speed engines and aero planes, in the manufacture of soaps, transparent paper, printing-inks, varnishes, linoleum and plasticizers. It is also used for medicinal and lighting purposes. The cake is used as manure and plant stalks as fuel or as thatching material or for preparing paper-pulp. In the silk-producing areas, leaves are fed to the silkworms. Now the main use of the oil will be as bio fuel and for the production of biodiesel. This oil has an ash content of about 0.02% the percentage for sulfur is less than 0.04% .The higher the cetane number (CN), the better the fuel will be when used as a diesel. The CN of the majority of biodiesel fuels is actually higher than petrol or diesel, and the cetane number of castor oil biodiesel is in a good range for diesel engines. The castor biodiesel has very interesting properties (very low cloud and pour points) that show that this fuel is very suitable for using in extreme winter temperatures... The Plants will act as sinks for carbon dioxide as Castor bean plants capture around 10 tons of carbon dioxide for every hectare (2.471 acres) planted and, hence, the Ricinus communis plantation will reduce the amount of this greenhouse gas (GHG) in the atmosphere. The project has many other positive economic, social and environmental impacts: There are income generation opportunities that result from the project like the provision of goods and services to the plantation and its workers

 
THE POTENTIAL RETURNS

As the biodiesel industry grows, honing a cost-effective and diverse feedstock supply stands out as a top challenge. There is a need to diversify the sources and methods used to generate biofuel products to achieve food security, energy security and sustainable development and carbon savings. Biodiesel producers are looking for alternative feedstocks which are non- agricultural and non-food crops. And Ricinus communis has the ability to substitute the requirement of low cost feedstock with the potential for high oil seed production and the added benefit of an ability to grow on marginal land. These properties support the suitability of this plant for large scale vegetable oil production needed for a sustainable biodiesel industry.

Yield is a function of light, water, nutrients and the age of the Plant. Good planning, quality planting material, standardized agronomy practices and good crop management may handsomely increase the yields. Ricinus communis will yield at Maturity as high as +1000 kl oil with proper nutrition, and irrigation. This is truly an exceptional amount of oil from an agricultural crop.

 
ECONOMICS: RICINUS COMMUNIS 10,000 ha at a glance
 
 
Production of seeds/ha tons 2 2 2 2 2 2
Year 1 2 3 4 5 6
Land under cultivation 10,000 10,000 10,000 10,000 10,000 10,000

Castor Seeds (in tons)

20,000 20,000 20,000 20,000 20,000 20,000
Crude OIL 9000 9000 9000 9000 9000 9000
BIODIESEL 9000 9000 9000 9000 9000 9000
Press Cake 10000 10000 10000 10000 10000 10000
Glycerol 900 900 900 900 900 900
CAPITAL
Plantation 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000
crushing 1,000,000
BIODIESEL 3,000,000
TOTAL 6,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000
SALES
Biodiesel $6,750,000 $6,750,000 $6,750,000 $6,750,000 $6,750,000 $6,750,000
Glycerol $675,000 $675,000 $675,000 $675,000 $675,000 $675,000
Intercrop $600,000 $600,000 $600,000 $600,000 $600,000 $600,000
Press cake $500,000 $500,000 $500,000 $500,000 $500,000 $500,000
CER-Revenue (Biodiesel)
TOTAL $8,525,000 $8,525,000 $8,525,000 $8,525,000 $8,525,000 $8,525,000
COGS
Oil extraction $324,000 $324,000 $324,000 $324,000 $324,000 $324,000
BIODIESEL $1,260,000 $1,260,000 $1,260,000 $1,260,000 $1,260,000 $1,260,000
TOTAL $7,584,000 $3,584,000 $3,584,000 $3,584,000 $3,584,000 $3,584,000
PBT $941,000 $4,941,000 $4,941,000 $4,941,000 $4,941,000 $4,941,000
TAX $0 $1,482,300 $1,482,300 $1,482,300 $1,482,300 $1,482,300
NET $941,000 $3,458,700 $3,458,700 $3,458,700 $3,458,700 $3,458,700
 
For more; kindly mail to jatrophaplan@gmail.com or contact Director

Business Development Division, CJP
B-132, Sainik Basti, Churu-331001
Tele: +91-9413334600
 
 
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