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Journal : JDE (Journal of Developing Economies)

Financial Analysis of Green Petroleum Coke as A Coal Blend in Steel Industry to Support National Energy Security Naimah, Khoirun; Sasongko, Nugroho Adi; Widayatno, Rudy Laksmono
Journal of Developing Economies Vol. 6 No. 2 (2021)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v6i2.24825

Abstract

Green Petroleum Coke (GPC), produced by Pertamina RU II Dumai, is the product of refined petroleum, which still has good quality but has not been utilized to its full potential. Such as Sulfur 0.5%; FC 86.03%; Ash 0.10%; VM 13.82%; Moist 10, 52%; and the calorific value of 7500 kcal/kg. Therefore, one effort that can do is diversification, namely the use of GPC as a mixture of other fuels (fossil) to increase the selling value of GPC. This diversification is also in line with the national energy policy in PP. 79/2014 that the program aims to increase the availability of national energy sources. This study aims to determine the feasibility of using GPC as a coal mixture in Industry (Krakatau Steel) with an overview of economic aspects. Data obtained by qualitative methods consisting of interviews, observation, and documentation. Based on the research results from 2 scenarios, both scenario 1 (GPC 4%) and scenario 2 (GPC 18%), it is found that the NPV is positive, IRR is above the discount rate, and BCR> 1. Thus, the use of GPC as a coal mixture is considered feasible to run and can support national energy security. Keywords: Diversification, Feasibility, Petroleum Coke, Investment DecisionJEL: G11, G32
Co-Authors Afandi, Fajar Gunawan AFFANDI, Fajar Gunawan Aisyah, Audrey Nur Akbar, Amany Zhafira Akhmad Rifai Albubaroq, Hikmat Zakky Ananda, Dea Dwi Anda, Martin Andi Darmawan ANGGI KHAIRINA HANUM HASIBUAN Anitasari, Reza Annisa Indah Pratiwi Arief Budi Santiko, Arief Budi Arif Rahman Hakim Ariyanto, Novy Arsyad, Wifqul Muna Awaf Wirajaya Azzahra, Hazzha Boedoyo, M Sidik Boedoyo, M. Sidik Boedoyo, M.S Bolilanga, Patricya Inggrid Wilhelmina DESSY NATALIA Donny Yoesgiantoro Donny Yoesgiantoro Eka Putri, Virny Zasyana Endang Kusdiyantini Erlambang, Yaumil Putri Fahmi, Ice Fajar Gunawan Afandi Fhandy Pandey, Fhandy Frely Rahmawati Gilbran, Adam Guntur Eko Saputro Haqina, Zidni Aghna Haryanto, Yoyon Hendro Subagyo Hutama, Raihansyah Raja Ice Fahmi Ida Nurfaida Nur Idawati Indriyani, Yunita Irviandi, Risnu Istiqamah, Dita Aprilia Kaisupy, Sarifah Kartika Wijaya Setiawan Kartika Wijaya Setiawan Kaunang, Andrew Miracle Kuntjahjono, Mayang Fauziah Kuntjahjono, Mayang Fauziah Putri Kuntjoro, Yanif Dwi Laili, Nurus Sahari Layalia, Afina Rista Lazuardy, Ardyan Lestari, Aura Puja Maulani, Muh Maulani, Muhammad Mohammad Sidik Boedoyo Muhammad Agung Hardiyanto Muhammad Agung Hardiyanto Murtiana , Sri Nafilah, Syahraini Naima Haruna, Naima Naimah, Khoirun Napoleon, Sultan Nareswari, Vania Agatha Nuha, Nuha Nur, A Ida Nurfaida Nurauliyaa, Aida Habibah Pandia, Yoselyn Evangelina Prasojo, Agus Eko Purba, Farelino Oktavianus Putri, Arananda Dwi Putri, Riyanti Rahmat Basuki Risman, Helda Rosnina Rudi Laksmono S Siswanto Salsabila, Fidela Aurellia Sandri, Azzahra Sari, Chintya Komala Sari, Sholihah Eka Permata Sarweswara, Wikrama Septiani, Marini Setiawan, Risqi Prastianto Simanjuntak, Albin Moniago Siti Nurhalimah Soelistyo, Tri Sri Murtiana Sundari, Sri Supono, Ihsan SURYANTI, RENI Tarigan, Thessa Ocatvia Joyetta Ulul Azmi ULUL AZMI Wahyono, Yoyon Wardani, Maya Larasati Donna Widayatno, Rudy Laksmono Widiyaningrum, Retno Ayu Xaviera, Allodya Nadra Yanuar, Ahmad Ismed Yoesgiantoro, Donny Yulita, Tiara Rizki Yusuf Bramastya Apriliyanto