Browsing by Subject "hakelämmitys"

The aim of this study is to provide economical arguments for agriculture company to replace current wood chip heating by wood pellet heating. The study provides clear economical calculations for both options of heating investments and compares usage features to support upcoming investment decision. This study will examine wood chips and wood pellets as biofuels and presents needed heating systems. Profitability calculations of both heating investments are done by net present value, internal rate of return and return of investment. Sensitivity analysis is done based on the most critical factors for investments like changes of investment rate and cost of raw material. Solar energy will be processed only by theoretically. Both investment options are using the same heating equipment, so significant expenses between heating options are consist of cost of heating materials. Results of investment calculations advise the company to continue heating with wood chips. This study was done from the actual need of the agriculture company regarding profitable heating investment.