The latest report titled “Succinic acid Production Cost Report” by Procurement Resource a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of the Succinic acid.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Succinic acid production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Succinic acid Production Process:
1. Succinic Acid Production From Raw Sugar: This report presents a detailed cost analysis of bio-based Succinic Acid production across Succinic Acid manufacturing plants from raw sugar using a fermentation process. In this method, raw sugar (sucrose) gets diluted, and sucrose is hydrolyzed into fructose and glucose (inverted sugars). These sugars are later fermented to result in Succinic Acid. In the Succinic Acid recovery process from the fermentation broth Electrodialysis is employed, generating ammonium sulphate as a by-product.
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2. Succinic Acid Production From Maleic Anhydride: This report provides a descriptive cost analysis of Succinic Acid production across Succinic Acid manufacturing plants from maleic anhydride via a typical hydrogenation process. During this method, maleic anhydride is first hydrogenated to succinic anhydride, which later gets transformed into Succinic Acid.
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3. Succinic Acid Production From Glycerol: This report presents an exhaustive cost evaluation of bio-based Succinic Acid production across Succinic Acid manufacturing plants from crude glycerol using a fermentation process. In this method, the key raw material used is crude glycerol (at 85 wt% purity), which is obtained as a by-product of biodiesel plants. Following purification, glycerol is fermented to yield Succinic Acid.
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4. Succinic Acid Production From Glucose: This report presents a thorough economics of bio-based Succinic Acid production across Succinic Acid manufacturing plants from glucose syrup using a fermentation process. During this process, Succinic Acid is recovered from the fermentation broth using electrodialysis. This method employed a 70 wt% glucose-water syrup as raw material, and the by-product formed is ammonium sulphate.
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Product Definition:
Succinic acid, also known as butanedioic acid or Spirit of Amber, is a naturally occurring dicarboxylic acid with the molecular formula C4H6O4. It’s derived from liquefied petroleum gas and typically presents as white crystals or a lustrous white crystalline powder. It has no discernible odor and boasts an extremely acidic taste. This organic acid is commonly produced during anaerobic digestion in many living cells and occurs naturally in lichens and fungi. Moreover, it plays a role as an element in the citric acid cycle.
Market Drivers:
The Succinic acid sector thrives on its utilization as a fundamental component across various industries including food, chemicals, and pharmaceuticals. Its significance extends to serving as a foundation for a myriad of chemicals such as dyes, perfumes, plasticisers, solvents, lacquers, and photographic chemicals, all contributing significantly to the market’s expansion. Within the food industry, it assumes roles as a sequestrant, buffer, and neutralizing agent. Moreover, its versatility is evident in diverse applications ranging from its use as an antibiotic and curative agent to a nutraceutical, anti-ulcer drug, additive, micronutrient, surfactant, ion chelator, radiation protective agent, and a core metabolite.
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