When deciding on the size of supercritical CO2 extraction equipment, it is important to consider both technical feasibility and economic feasibility. As you mentioned, larger equipment comes with a higher investment cost, which can be risky for the business. Therefore, it is important to conduct a cost-benefit analysis to determine the optimal size that aligns with the business objectives and scope while ensuring economic feasibility.
To conduct a cost-benefit analysis, the following factors should be considered:
- Capacity: The equipment size should be based on the expected production capacity of the business. This will depend on the business’s target market and demand.
- Extraction efficiency: The efficiency of the equipment should also be considered as it will affect the quality and quantity of the final product. Higher efficiency will lead to higher output and better product quality.
- Operating costs: The operating costs of the equipment should be taken into account, including energy consumption, maintenance costs, and labor costs. This will help to determine the break-even point and the profitability of the business.
- Market demand: The size of the equipment should align with the market demand for the product. Investing in larger equipment than what the market demands can lead to overproduction and excess inventory.
By carefully considering these factors, a business can determine the optimal size for its supercritical CO2 extraction equipment. It is important to ensure that the investment cost can be recovered within a reasonable timeframe, typically 3 to 5 years. Properly selecting the scale of the equipment will not only maximize profits but also avoid unnecessary financial burdens on the company’s operation.