cost of small castor oil refinery in botswana

   
cost of small castor oil refinery in botswana
                                               
                                               
                                               
                                               
  • cost of small castor oil refinery in botswana
How much does castor oil cost?

The castor oil price is set at 700 USD/t on the base of long-term contract from local resources. The prices of utilities corresponding to mean market values have been taken from the website of Intratec Solutions (2018). Table 9. Prices of raw materials and utilities. 7.1. Transesterification processes

How does castor oil supply affect prices?

Because the majority of the world¡¯s castor oil production is concentrated in these three countries, supply fluctuations from year to year can dramatically influence prices and availability. In 2021, global castor oil production topped 767,000 tons.

What is the global market for castor oil?

The global market for castor oil was of ca. 2 billion USD in 2016 for a total production of 1.6 million tons. The market is largely dominated by India. China follows at distance. Recent market players are Brazil, Columbia and Thailand. The African continent has a large potential, still unexploited ( Ogunniyi, 2006 ).

How big is castor oil production in 2021?

In 2021, global castor oil production topped 767,000 tons. To keep up with increasing worldwide demand for castor¡¯s bountiful byproducts, processors must address the challenges that plague the castor oil production process.