{"id":1377,"date":"2015-01-24T17:12:50","date_gmt":"2015-01-24T17:12:50","guid":{"rendered":"http:\/\/castoroil.in\/b\/?p=1377"},"modified":"2015-01-24T17:12:50","modified_gmt":"2015-01-24T17:12:50","slug":"applications-of-castor-oil-in-specialty-chemicals-and-biofuels-market","status":"publish","type":"post","link":"http:\/\/castoroil.in\/b\/2015\/01\/applications-of-castor-oil-in-specialty-chemicals-and-biofuels-market\/","title":{"rendered":"Applications of Castor oil in Specialty Chemicals and Biofuels Market"},"content":{"rendered":"<p><strong>Castor Oil for Specialty Chemicals<\/strong><\/p>\n<p>Specialty chemicals market is a $700 billion + market worldwide, with high profit margins.<\/p>\n<p>Given castor oil unique versatility, there could be a number of niche applications within specialty chemicals, other than the ones already exploited.<\/p>\n<p>More \u201centrepreneurial\u201d research needs to be undertaken in this direction.<\/p>\n<p><strong>Castor Oil for Biofuels<\/strong><\/p>\n<p>While there has been a lot of debate about the use of castor oil for biodiesel, we feel that it is not a viable route. Sure, technically castor oil\u00a0might be suitable to make biodiesel, except perhaps for its high kinematic viscosity, which could even be taken care of during transesterification.<\/p>\n<p>The more important dimensions are the economics and volumes which make castor oil quite unattractive as a feedstock for biodiesel:<\/p>\n<ul>\n<li><strong>Economics &#8211; <\/strong>Price of biodiesel needs to be in the range $900-$1000 per ton; price of castor oil alone is $1300\/T.<\/li>\n<li><strong>Volumes &#8211; <\/strong>World produces about 20 million T of biodiesel every year; world castor oil production is less than 1 million T!<\/li>\n<\/ul>\n<p>In fact, we have been generous on the price aspect. If the current downtrend in crude prices continues, biodiesel might have to sell at less than $700 per T. We dont see how castor oil could support such a price.<\/p>\n<p>On volumes, castor is produced in such small quantities, it really is going to make little difference overall to the biodiesel market.<\/p>\n<p>And when especially the same castor oil oil could be sold at a much higher price to end users who would be willing to pay a much higher price for the oil or the derivative, we do not see\u00a0how castor oil biodiesel could work out on any sizable scale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Castor Oil for Specialty Chemicals Specialty chemicals market is a $700 billion + market worldwide, with high profit margins. Given castor oil unique versatility, there could be a number of niche applications within specialty chemicals, other than the ones already &hellip; <a href=\"http:\/\/castoroil.in\/b\/2015\/01\/applications-of-castor-oil-in-specialty-chemicals-and-biofuels-market\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,23,79,55,28],"tags":[166,165],"class_list":["post-1377","post","type-post","status-publish","format-standard","hentry","category-castor-oil-biodiesel","category-castor-oil-derivatives","category-castor-oil-polymers","category-castor-plastics","category-castor-uses","tag-castor-oil-biodiesel","tag-castor-oil-biofuel"],"_links":{"self":[{"href":"http:\/\/castoroil.in\/b\/wp-json\/wp\/v2\/posts\/1377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/castoroil.in\/b\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/castoroil.in\/b\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/castoroil.in\/b\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/castoroil.in\/b\/wp-json\/wp\/v2\/comments?post=1377"}],"version-history":[{"count":3,"href":"http:\/\/castoroil.in\/b\/wp-json\/wp\/v2\/posts\/1377\/revisions"}],"predecessor-version":[{"id":1413,"href":"http:\/\/castoroil.in\/b\/wp-json\/wp\/v2\/posts\/1377\/revisions\/1413"}],"wp:attachment":[{"href":"http:\/\/castoroil.in\/b\/wp-json\/wp\/v2\/media?parent=1377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/castoroil.in\/b\/wp-json\/wp\/v2\/categories?post=1377"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/castoroil.in\/b\/wp-json\/wp\/v2\/tags?post=1377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}