Preliminary evaluation of possible melamine production using urea solution from Ca Mau Fertilizer Plant as a feedstock
Abstract
This paper analyses the possibility for melamine production from urea solution of Ca Mau Fertilizer Plant in terms of feedstock, market, technology and economic efficiency. Vietnam is currently importing melamine to meet its domestic demand, which is forecasted to be around 40 thousand tons per year by 2025 and continue to increase by about 5.5% per year. The melamine production project using urea solution from Ca Mau Fertilizer Plant as a feedstock with a capacity of 40 thousand tons per year is proposed to go into operation in 2027. The results show that with an estimated total investment cost of VND 6,308 billion, the project’s IRR will be around 17.2% and its NPV@10% will be VND 1,884 billion. The total payback period of the project will be 5 years and 9 months. This reveals that melamine can be considered a potential product for consideration of future investment.
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