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All Journal JOURNAL OF APPLIED BUSINESS ADMINISTRATION Abimanyu: Journal of Community Engagement
Alisharsa, Muhammad Dafa
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Arts Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Social Sciences

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Journal : JOURNAL OF APPLIED BUSINESS ADMINISTRATION

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Economic study of corn cob biomass as a boiler fuel substitution at PT XYZ in the animal feed industry Alisharsa, Muhammad Dafa; Handayani, Wiwik
Journal of Applied Business Administration Vol 10 No 1 (2026): Journal of Applied Business Administration
Publisher : Pusat P2M Politeknik Negeri Batam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30871/jaba.11055

Abstract

The use of biomass fuels such as palm kernel shells and candlenut shells has been implemented by the animal feed industry, but its energy consumption is still relatively high. This study aims to evaluate the feasibility of corn cobs as an alternative boiler fuel in reducing production costs. The method used is a quantitative descriptive approach with simulations through RETScreen software. The results show that the use of corn cobs combined with candlenut shells can produce energy savings, improve the economic value of the project NPV of 169,136 USD when converted to rupiah is obtained at Rp 2,748,460,000, IRR of 90,7%, payback period of 0.98 years (11 months), while the use of corn cobs combined with palm kernel shells produces NPV of 187,344 USD when converted to IDR is Rp 3,044,340,000, IRR of 105% and payback period of 1 year.
Co-Authors Arief Budiman Irgie, Rafi Istiqomah, Aisa Fadhilatul Kinanti, Isnatul Agil Oktafia, Linda Wiwik Handayani