Techno-economic evaluation of probioticated Kunu-zaki drinks produced from millet and cocoa powder

This work aimed at evaluating the techno-economic analysis of the production of probioticated Kunu-zaki drinks using millet and cocoa powder. The production process was based on the assumption of a uniform cash flow over a period of 10 years. The equipment for the production process was identified based on the process flow chart. The Kunu-zaki production process was based on a constant mass flow of 7500 packets/hr while the sensitivity of the plant was examined by varying the plant operation days. The techno-economic analysis of the plant revealed that the capital cost and annual operation cost were N6.26 ×108 and N2.67× 109, respectively. The annual revenue after tax was N6.56 × 108 while the return of investment, single payback period, discounted payback period, gross margin and internal rate of return were 64.1%, 1.56 years, 2.06 years, 23.11 and 82.38%, respectively. The sensitivity analysis of the plant revealed the feasibility of the plant at 330 and 300 operation days.

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Publication Details

Journal
Proceedings of the Nigerian Academy of Science
Published
2024-12-30
DOI
https://doi.org/10.57046/jlmg6612
Primary Topic
Food composition and properties
Type
article
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article

Techno-economic evaluation of probioticated Kunu-zaki drinks produced from millet and cocoa powder

Babatunde Olawoye, Ayodeji Fisayo Afolayan, Omotade R. Ogunremi
Proceedings of the Nigerian Academy of Science
Food composition and properties
article

Techno-economic evaluation of probioticated Kunu-zaki drinks produced from millet and cocoa powder

Babatunde Olawoye, Ayodeji Fisayo Afolayan, Omotade R. Ogunremi
article en

Abstract

This work aimed at evaluating the techno-economic analysis of the production of probioticated Kunu-zaki drinks using millet and cocoa powder. The production process was based on the assumption of a uniform cash flow over a period of 10 years. The equipment for the production process was identified based on the process flow chart. The Kunu-zaki production process was based on a constant mass flow of 7500 packets/hr while the sensitivity of the plant was examined by varying the plant operation days. The techno-economic analysis of the plant revealed that the capital cost and annual operation cost were N6.26 ×108 and N2.67× 109, respectively. The annual revenue after tax was N6.56 × 108 while the return of investment, single payback period, discounted payback period, gross margin and internal rate of return were 64.1%, 1.56 years, 2.06 years, 23.11 and 82.38%, respectively. The sensitivity analysis of the plant revealed the feasibility of the plant at 330 and 300 operation days.

Proceedings of the Nigerian Academy of ScienceVol. 17(2)
Abiola Ajimobi Technical University Ibadan (NG)
Openalex Percentile: Top 70%
Food composition and properties
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