Economic Analysis of Pyrolysis of Wood Waste to Produce Bio-Oil

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@article{1708413,
      author = {Samuel Akpan, Joseph Esang, Prof. Innocent Oboh, Dr. Uwem Inyang, Dr. Kingsley Egemba},
      title = {Economic Analysis of Pyrolysis of Wood Waste to Produce Bio-Oil},
      journal = {Iconic Research And Engineering Journals},
      year = {2025},
      volume = {8},
      number = {11},
      pages = {2285-2298},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1708413.pdf},
      abstract = {Waste management remains a critical global challenge, exacerbated by rapid urbanization, population growth, and industrial activities. Among the innovative solutions, pyrolysis has emerged as a transformative technology for converting waste into valuable resssources such as bio-oil, biochar, and syngas. This seminar explores the economic analysis of pyrolysis technology, emphasizing its viability for addressing both waste management and energy demands.  The study evaluates the financial implications, from capital investment and operational costs to revenue generation through by-products, demonstrating pyrolysis as an economically competitive option and introducing Fluid catalytic cracking for further processing and production of bio-oil. Comparative analysis highlights its advantages over traditional waste treatment methods, such as landfilling and incineration, in terms of resource recovery and environmental impact mitigation. Furthermore, the presentation delves into real-world applications and case studies, underscoring its scalability across urban and rural contexts. Through this comprehensive analysis, the presentation seeks to provide policymakers, investors, and stakeholders with actionable insights into adopting pyrolysis technology. By aligning with global sustainability goals and leveraging economic incentives, pyrolysis, can catalyze a shift towards a circular economy, where waste is viewed not as a liability but as an asset.},
      keywords = {Pyrolysis, Waste management, Bio-oil, Economic viability.},
      month = {May},
  }