According to past studies, Nigerian Bentonites are found to be deficient in both fluid loss and rheological properties. Due to the deficiency of the Nigerian bentonite (NB), a good majority of bentonites used within Nigeria are imported. This research work seeks to evaluate the economic profitability of beneficiating the fluid loss and rheological properties of NB using periwinkle shell (PWS) and Mucuna Solannie (MS) as additives. The economic evaluation of this research seeks to point out the best possible action, based on available evidence. Two parameters—cost and outcome, are measured by the economic evaluation. From this measurement, an economic evaluation’s results will not exactly point out the better alternative, the way that an experimental trial would. If the most effective option from the evaluation is the cheapest, then it is the most cost effective option. In such a scenario, the most cost effective option is said to be the dominant alternative. From the economic evaluation of the PWS and MS additives performed during the course of this research, it can be said that these additives are economically profitable when added to local bentonite (LB), compared to the cost of using imported bentonite (IB) clay. Estimation of required equipment and facility for processing of additives (PWS and MS), calculation of discounted cash flow rate of return (DCF – ROR) for the investment and sensitivity analysis on the cash flow assumptions were carried out for the achievement of optimum results.
| Published in | International Journal of Oil, Gas and Coal Engineering (Volume 8, Issue 5) |
| DOI | 10.11648/j.ogce.20200805.13 |
| Page(s) | 116-123 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2020. Published by Science Publishing Group |
Bentonite, Mucuna Solannie, Periwinkle Shell, Economic Evaluation, Sensitivity Analysis
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APA Style
Kevin Chinwuba Igwilo, Anthony Kerunwa, Bala S. Zakka, Izunna Chinemelum Okeke. (2020). Economic Evaluation of Beneficiating Nigerian Bentonite Using Periwinkle Shell and Mucuna Solannie. International Journal of Oil, Gas and Coal Engineering, 8(5), 116-123. https://doi.org/10.11648/j.ogce.20200805.13
ACS Style
Kevin Chinwuba Igwilo; Anthony Kerunwa; Bala S. Zakka; Izunna Chinemelum Okeke. Economic Evaluation of Beneficiating Nigerian Bentonite Using Periwinkle Shell and Mucuna Solannie. Int. J. Oil Gas Coal Eng. 2020, 8(5), 116-123. doi: 10.11648/j.ogce.20200805.13
AMA Style
Kevin Chinwuba Igwilo, Anthony Kerunwa, Bala S. Zakka, Izunna Chinemelum Okeke. Economic Evaluation of Beneficiating Nigerian Bentonite Using Periwinkle Shell and Mucuna Solannie. Int J Oil Gas Coal Eng. 2020;8(5):116-123. doi: 10.11648/j.ogce.20200805.13
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Download@article{10.11648/j.ogce.20200805.13,
author = {Kevin Chinwuba Igwilo and Anthony Kerunwa and Bala S. Zakka and Izunna Chinemelum Okeke},
title = {Economic Evaluation of Beneficiating Nigerian Bentonite Using Periwinkle Shell and Mucuna Solannie},
journal = {International Journal of Oil, Gas and Coal Engineering},
volume = {8},
number = {5},
pages = {116-123},
doi = {10.11648/j.ogce.20200805.13},
url = {https://doi.org/10.11648/j.ogce.20200805.13},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ogce.20200805.13},
abstract = {According to past studies, Nigerian Bentonites are found to be deficient in both fluid loss and rheological properties. Due to the deficiency of the Nigerian bentonite (NB), a good majority of bentonites used within Nigeria are imported. This research work seeks to evaluate the economic profitability of beneficiating the fluid loss and rheological properties of NB using periwinkle shell (PWS) and Mucuna Solannie (MS) as additives. The economic evaluation of this research seeks to point out the best possible action, based on available evidence. Two parameters—cost and outcome, are measured by the economic evaluation. From this measurement, an economic evaluation’s results will not exactly point out the better alternative, the way that an experimental trial would. If the most effective option from the evaluation is the cheapest, then it is the most cost effective option. In such a scenario, the most cost effective option is said to be the dominant alternative. From the economic evaluation of the PWS and MS additives performed during the course of this research, it can be said that these additives are economically profitable when added to local bentonite (LB), compared to the cost of using imported bentonite (IB) clay. Estimation of required equipment and facility for processing of additives (PWS and MS), calculation of discounted cash flow rate of return (DCF – ROR) for the investment and sensitivity analysis on the cash flow assumptions were carried out for the achievement of optimum results.},
year = {2020}
}
TY - JOUR T1 - Economic Evaluation of Beneficiating Nigerian Bentonite Using Periwinkle Shell and Mucuna Solannie AU - Kevin Chinwuba Igwilo AU - Anthony Kerunwa AU - Bala S. Zakka AU - Izunna Chinemelum Okeke Y1 - 2020/10/17 PY - 2020 N1 - https://doi.org/10.11648/j.ogce.20200805.13 DO - 10.11648/j.ogce.20200805.13 T2 - International Journal of Oil, Gas and Coal Engineering JF - International Journal of Oil, Gas and Coal Engineering JO - International Journal of Oil, Gas and Coal Engineering SP - 116 EP - 123 PB - Science Publishing Group SN - 2376-7677 UR - https://doi.org/10.11648/j.ogce.20200805.13 AB - According to past studies, Nigerian Bentonites are found to be deficient in both fluid loss and rheological properties. Due to the deficiency of the Nigerian bentonite (NB), a good majority of bentonites used within Nigeria are imported. This research work seeks to evaluate the economic profitability of beneficiating the fluid loss and rheological properties of NB using periwinkle shell (PWS) and Mucuna Solannie (MS) as additives. The economic evaluation of this research seeks to point out the best possible action, based on available evidence. Two parameters—cost and outcome, are measured by the economic evaluation. From this measurement, an economic evaluation’s results will not exactly point out the better alternative, the way that an experimental trial would. If the most effective option from the evaluation is the cheapest, then it is the most cost effective option. In such a scenario, the most cost effective option is said to be the dominant alternative. From the economic evaluation of the PWS and MS additives performed during the course of this research, it can be said that these additives are economically profitable when added to local bentonite (LB), compared to the cost of using imported bentonite (IB) clay. Estimation of required equipment and facility for processing of additives (PWS and MS), calculation of discounted cash flow rate of return (DCF – ROR) for the investment and sensitivity analysis on the cash flow assumptions were carried out for the achievement of optimum results. VL - 8 IS - 5 ER -
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