Techno-economic assessment of effervescent tablet-based nanofluids.

Area of Science:

• * Materials Science and Engineering
• * Chemical Engineering
• * Industrial Economics

Background:

• * Nanofluids offer enhanced thermal properties but their production can be costly.
• * Start-up industries require cost-effective and efficient production methods for new materials.
• * Effervescent tablet technology presents a novel approach to nanofluid production.

Purpose of the Study:

• * To investigate the techno-economics of producing effervescent tablet-based nanofluids.
• * To compare the financial viability and thermal performance against conventional methods.
• * To assess the suitability for start-up industries and inform investment decisions.

Main Methods:

• * Determination of thermophysical properties, equipment costs, consumables, and operational expenditures.
• * Calculation of key financial metrics including payback periods and internal rate of return (IRR).
• * Assessment of thermal performance under laminar and turbulent flow conditions.

Main Results:

• * Effervescent tablet-based nanofluids demonstrated more favorable techno-economic profiles than conventional counterparts.
• * Lower equipment costs associated with the effervescent tablet process were identified as a key advantage.
• * The effervescent tablet method showed superior payback periods, discounted payback periods, IRR, and thermal performance.

Conclusions:

• * The effervescent tablet-based nanofluid production is a cost-effective and thermally superior alternative.
• * Interest rates significantly impact project costs, while electrical costs have minimal influence.
• * This method is an optimal choice for investors and decision-makers in start-up industries.