@inproceedings{EguigurenLarreaProanoetal.2023,
  author    = {Eguiguren, Mateo and Larrea, Nicolas and Proano, Juan Sebastian and Almeida Streitwieser, Daniela and Ponce, Sebastian},
  title     = {Techno-economic analysis for the production of formic acid via oxidation processing of residual biomass in Ecuador},
  booktitle = {Congress on Research, Development, and Innovation in Renewable Energies : Selected Papers from CIDiER 2022, virtual, Guayaquil, Ecuador, September 19-21, 2022},
  editor    = {Espinoza-Andaluz, Mayken and Melo Vargas, Ester and Santana Villamar, Jordy and Encalada-D{\´a}vila, {\´A}ngel},
  isbn      = {978-3-031-26813-7},
  issn      = {1865-3529},
  doi       = {10.1007/978-3-031-26813-7_1},
  institution = {Life Sciences},
  pages     = {3 -- 18},
  year      = {2023},
  abstract  = {Ecuador, traditionally an agricultural based economy, has a great potential for valorizing their industrial residues. This study, presents a techno-economic analysis for applying a novel biomass oxidation method to produce formic and acetic acids from coffee husk residues in Machala, Ecuador. The analysis determined that the time of return of investment was lower than 5 years, making this project economically feasible, when producing approx. 1000 tons of formic acid per year, which is enough for supplying the Ecuadorian market. This production, would reduce imports costs and develop the chemical industry in the country.},
  language  = {en}
}