Candlenut (ver 2.2e)

PT. Bahtera Hijau Lestari Indonesia (BHLI)

CANDLENUT (KEMIRI SUNAN)
(Reutealis Trisperma)
Renewable Bio-Energy for Community Empowerment

PT. Bahtera Hijau Lestari Indonesia

PT Bahtera Hijau Lestari Indonesia

Golden
Boulevard
Blok
G1/12

Jalan
Pahlawan
Seribu

Bumi
Serpong
Damai,
Tangerang,
15
M22

Telp.
(+62)
21
53160987
Fax.
(+62)
21
53160986

www.bahterahijaulestari.com


KEMIRI SUNAN BACKGROUND


Background to bio-oils
•  Candlenut (Kemiri Sunan): yields a non-food vegetable oil; conservation plant
•  Vegetable oils, including candlenut, are used as an ingredient or component in many
manufactured products (oleo-chemical industry).
•  Extensive scientific studies have shown Candlenut oil viability.
•  Candlenut outperforms Palm Oil on price and in various other respects.

Source : wikipedia.org


Background (cont’d)


Candlenut Characteristics
}  Candlenut (Reutealis trisperma), known as
Philippine tung is a plant species of the family
Euphorbiaceae and of the monotypic genus
Reutealis. On The International Union for the
Conservation of Nature and Natural Resources
(IUCN) 2006 Red List, Candlenut is identified as a
Threatened Species and it is listed as Vulnerable
(VU A1cd v2.3). Currently it grows naturally in West
Java (Duke, 1983).

}  Optimal climate for growth is any tropical/sub-
tropical area

}  Grows at low to medium altitude; in West Java it is
found growing at an elevation of more than 700
meters

}  Height can exceed 15 meters; longevity in excess of
75 years with a tight and wide canopy, creating an
umbrella effect reducing soil erosion during heavy
rainfalls


Candlenut Characteristics

The Sap from the tree can be Besides being used as bio-diesel it is also used
for various industrial products. Among others
used for skin disease treatment
are for varnish, paint, soap, linoleum, cloth oil,
(Burkill, 1966) resin, synthetic rubber, lubricant, abrasive and a
mixture for polisher, food and medicine
container protector, covering wire and other
metal surface as used in radio, radar, telephone
and telegraph equipment (Duke, 1978)

The tree can serve as a conservation
plant as well as producing an
alternative sustainable energy.
(Jamieson & McKinney, 1935)

Has a tight and wide
Canopy (Canopy.org)
Can be used as
1.  Fertilizer (Vossen dan Umali, 2002)
3. Insecticide (Burkill, 1966)

Candlenut Development in Indonesia
}  BHLI initiated candlenut research in 2006. Significant
research and planting has since been made together with
Government, local communities, and other social
organizations.
}  Registration of local varieties, licensing and endorsement
from Government has been given to Candlenut:
}  Registration of local Varieties è 18/PVL/2009
dated 25 May 2009
}  Decision of Minister of Agriculture for accepting
Candlenut as one of 127 Commodities under
Agriculture Ministry è 3599/kpts/PD.310/10/2009
dated 19 October 2009
}  Accommodating Candlenut as one of 4 Bioenergy President of RI visiting BHLI’s Booth
commodities in Strategic Plan of Agricultural during a Forestry Exhibition
Ministry è 30 December 2009

Registration of Decision of Minister of Strategic Minister of Agriculture and
local Varieties Agriculture Planning
Minister of Public Work

Candlenut Development in Indonesia
}  Candlenut trees have been widely planted by BHLI in conjunction with several parties (e.g. Local
Government, NGO and private orgs.) in several areas, including the following:

Kuningan è 10.000 seedlings Timor è 20.000 seedlings
Majalengka è 10.000 seedlings Ngawi è 15.000 seedlings
Lombok è 14.500 seedlings Bekasi è 30.000 seedlings
Nusa Penida, Bali è 15.000 seedlings Jakarta è 3.500 seedlings
Jatigede è 100.000 seedlings Bandung è 3.000 seedlings

Lombok

Jatigede, West Java

Ninuk, Timor

Nusa Penida, Bali


Candlenut (Kemiri Sunan) Tree Industry
Crude
Biodiesel

Trans-
Crude Oil Separation
esterifikasi

Gliserol
Kemiri
sunan Extraction
Fruit Biogas

Reaktor

Fertilizer
Waste
Kemiri Kemiri (N 6%)
sunan sunan Briket
(Wet (Dry Solid
Seeds) Seeds) Waste
Biopestisida

Cattle
Feed

Kemiri
Gasification Efficiency Fuel Consumption
sunan
Process in Engine (Diesel) up to 70%
Shell


Candlenut Industry Model

4 Glycerol
Crude Oil
3
1 2 Biodiesel

Seed Seedling Fertilizer
Fruit Kernel
Source Planting 5
Solid
Biogas
Waste

Shell Briquette
1.  Seed source (controlled by BHLI)
2.  Plantations (BHLI/communities)
3.  Candlenut oil processing industry (BHLI/communities)
4.  Trans-esterification biodiesel (BHLI)
5.  Industrial biogas, briquettes and organic fertilizer (BHLI/communities)


Mill Investment Cost (IDR)

Items Palm Oil Candlenut

Machine Capacity:

Per Month (Ton) 18,000 45,000

Running Hours per day 20 20

Running days per Month 25 25

Machine Capacity (Ton per Hour) 30 90

Machine Investment per Ton 2,000,000,000 750,000,000

Total Crude Oil Machine Investment 60,000,000,000 67,500,000,000

N.B. The above is an indicative cost only, as of 2009.
Costs for machine acquisition will obviously vary over
time for any number of reasons.


Related Costs (IDR)

Items Palm Oil Kemiri Sunan

Upkeep Cost (IDR/Ha) 5,000,000 1,170,000

Harvesting (IDR/Ton) 90,000 75,000

Transport (IDR/Ton) 100,000 100,000

Crude Oil Processing (IDR/Ton) 150,000 100,000

O/H-GA Mature Areal Planted (IDR) 2,000,000 2,000,000

Cost to Maturity (IDR/Ha) 30 – 35 Mio 20 – 22 Mio

N.B. The above pricing structure reflects the
probable costs as of 2009.


Candlenut – Palm Oil

Palm Oil Candlenut

Fruit Productivity 100% 100%
OER 22% 40%
KER 5% -
Plantation Yield Ton/Ha
Year 4 9 4.5
Year 5 10 9
Year 6 14 18
Year 7 18 36
Year 8 23 54
Year 9 25 54


Stakeholder Benefits in Candlenut Industry
in Indonesian Market

Candlenut Biodiesel End
Farmer Industry User
(Per Liter) (Per Liter)

Per Ha Per Liter Per Liter
(compared with Diesel)

Sales Rp.27.000.000,- Rp.4.500,-
Cost Rp.10.750.000,- Rp.3.000,-
Margin Rp.16.750.000,- Rp.1.500,-
Efficiency Ratio 1:3


CANDLENUT PROCESSING


CANDLENUT

Nursery Mature tree


Crude Oil Processing


Candlenut Crude Oil Composition
}  Crude oil composition:
}  Palmitic acid 10 %,
}  Stearic acid 9 %,
}  Oleic acid 12 %,
}  Linoleic acid19 % and
}  α-elaeostearic acid 51 %

}  Solid waste by-products:
}  6 % nitrogen,
}  1,7 % potassium and
}  0,5 % phosphor.
Solid waste can be processed further
into biogas and animal feed


Candlenut Crude Oil as an alternative
Energy Resource

Catalyst
Candlenut
Crude Oil + Methanol (Ethanol) Biodiesel + Glycerin
25 – 80 oC


Candlenut Biodiesel (CBD) Test Result
}  The Indonesian Spice and Crops Research Institute (BALITTRI) and BHLI have
successfully used CBD in a water-pump setup (see below)
}  Results of CBD test: water-pump fuel consumption: 1 liter CBD = 3 hours
operation; Normal Diesel: 1 Liter = 1 hour; Jathropa Oil: 1 Liter =1.5 Hours)


Candlenut Biodiesel Lab Result
European
Parameter Units Value
Standards
Density at 40oC Kg/m3 887 Low 860
Max 900
Kinematic Mm2/s 7.65 Low 3.5
Viscosity at 40oC Max 5.0
Acid Value Mg KOH/gr 0.33 Max 0.5

Free Glycerine % mass 0.008 Max 0.02

Total Glycerine % mass 0.396 Max 0.25

Ester Content % mass 96.18 Low 96.5

Iodine Value % mass 109.46 Max 120

Angka Mg KOH/gr 198.27 -
Penyabunan
(Saponification)
The result meets European Standards in key areas


Candlenut Crude Oil as an alternative source
for oleo-chemical based products

Candlenut can be used as an alternative to Palm Oil in Oleo-chemical products

Oleo-chemical Industry:
Soaps and detergents, surfactants, metallic soaps, fatty alcohols, plastic and rubber
products, candles and crayons, cosmetics and toiletries, synthetic lubricant and cutting
oils, food emulsifiers, pharmaceuticals, varnish, paint and also biodiesel.

Soap made from Candlenut Crude Oil


FINANCIAL PROJECTIONS (10,000Ha)


Investment Cost Comparison in IDR Rupiah per Ha
For Candlenut vs Palm Oil

Keterangan Kemiri Minyak Kelapa Sawit
LC 5,423,058 5,423,058
ID 3,192,459 5,457,054
TBM<1 4,468,250 5,711,280
TBM 1 3,641,161 8,296,791
TBM 2 4,014,351 9,576,429
Total Investasi 20,739,279 34,464,612
TM 1 4,723,624 10,281,346
TM 2 4,103,131 10,281,346
TM 3 4,905,965 10,281,346
TM >4 5,637,187 10,281,346
Average 4,842,477 10,281,346

Bangunan & Kendaraan
Tahun 1 1,783,829 1,819,655
Tahun 2 1,783,829 1,819,655
Tahun 3 1,189,219 1,209,103
Tahun 4 1,189,219 1,209,103
Total Biaya Bangunan & Kendaraan 5,946,097 6,057,516


Feasibility Summary for
3 Business Models for Candlenut Industry

Business Model Plantation Pressing Process Biodiesel Reactor
Output
(Sales
Product) Biji
Kemiri
Minyak Crude
Oil Biodiesel
Glyserol
Areal
Planted
(All
Inti) 10.000
Ha 10.000
Ha 10.000
Ha
Pressing
Machine × √ √
Biodiesel
Reactor
Machine × × √
Total
Financing
(Non
Interest
Bearing) 400,000,000,000 450,000,000,000 1,000,000,000,000

Financial
Feasibility
Result:
NPV 1,347,738,893,327 1,998,854,660,204 5,106,543,529,358
IRR 39.93% 44.43% 48.11%
Payback
Period 7
Years
9
Months 7
Years
5
Months 7
Years
1
Months


Plantation
Cash Flow Projection
(Indonesian Rp.000)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
BEGINNING CASH BALANCE - 176,103,852 174,443,273 124,830,580 63,575,058 9,019,491 8,056,242 144,741,484 471,168,901 1,033,023,234
OPERATING CASH FLOW
Cash In-flow from Operation
KS Fruit Sales - - - 6,368,625 38,975,985 112,640,597 229,786,817 441,190,689 703,147,661 860,652,736
Total Cash In-flow - - - 6,368,625 38,975,985 112,640,597 229,786,817 441,190,689 703,147,661 860,652,736
Cash Out-flow for Operation
Upkeep Cost KS(>Year 5) - - - 6,526,628 33,841,089 71,867,788 83,126,406 102,467,207 126,154,757 140,939,501
G/A Overhead Cost 2,560,302 10,892,205 16,029,931 7,245,444 10,021,238 12,171,841 9,975,169 12,296,065 15,138,571 16,912,740
Total Cash Out-flow 2,560,302 10,892,205 16,029,931 13,772,072 43,862,326 84,039,629 93,101,575 114,763,272 141,293,327 157,852,242
Net Operating Cash Flow (2,560,302) (10,892,205) (16,029,931) (7,403,447) (4,886,341) 28,600,968 136,685,242 326,427,417 561,854,333 702,800,495

Capital Expenditures
Total Investment Cost KS 17,552,017 73,849,229 106,339,080 38,986,833 38,966,251 23,618,120 - - - -
Infrastructure 1,783,829 8,919,146 17,243,681 14,865,243 10,702,975 5,946,097 - - - -
Land Acquisition 2,000,000 8,000,000 10,000,000 - - - - - - -
Total Capex 21,335,846 90,768,375 133,582,761 53,852,076 49,669,226 29,564,217 - - - -
FREE CASH FLOW (23,896,148) (101,660,579) (149,612,693) (61,255,523) (54,555,567) (963,249) 136,685,242 326,427,417 561,854,333 702,800,495

FINANCING CASH FLOW
Sources of Funds: 400,000,000 - - - - -
Equity 100% 200,000,000 100,000,000 100,000,000 - - - - - - -
Bank Loan 0% - - - - - - - - - -
Total Cash Injection 200,000,000 100,000,000 100,000,000 - - - - - - -

Disbursement of Funds:
Bank Loan Principal Payment - - - - - - - - - -
Bank Loan Interest Expense - - - - - - - - - -
Total Disbursement - - - - - - - - - -

FINANCING CASH FLOW 200,000,000 100,000,000 100,000,000 - - - - - - -
ENDING CASH BALANCE 176,103,852 174,443,273 124,830,580 63,575,058 9,019,491 8,056,242 144,741,484 471,168,901 1,033,023,234 1,735,823,729

NPV Project 1,347,738,893
IRR Project 39.93%
Pay Back Period 7 Years 9 Months

Crude Oil
(Indonesian Rp.000)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
BEGINNING CASH BALANCE - 201,103,852 211,943,273 106,580,580 47,444,770 5,861,844 42,389,525 255,556,266 728,828,162 1,524,715,882
OPERATING CASH FLOW
Crude Oil Sales - - - 11,162,582 68,315,000 197,430,349 402,757,912 773,295,191 1,232,439,211 1,508,505,595
Total Cash In-flow - - - 11,162,582 68,315,000 197,430,349 402,757,912 773,295,191 1,232,439,211 1,508,505,595
Crude Oil Processing Cost - - - 2,387,718 14,612,834 42,231,091 86,151,425 165,410,736 263,623,361 322,674,994
G/A Overhead Cost 2,560,302 10,892,205 16,029,931 7,531,971 11,774,778 17,239,572 20,313,340 32,145,353 46,773,374 55,633,739
Total Cash Out-flow 2,560,302 10,892,205 16,029,931 16,446,316 60,228,701 131,338,450 189,591,171 300,023,296 436,551,491 519,248,234
Net Operating Cash Flow (2,560,302) (10,892,205) (16,029,931) (5,283,735) 8,086,299 66,091,899 213,166,741 473,271,895 795,887,720 989,257,360

Infrastructure 1,783,829 8,919,146 17,243,681 14,865,243 10,702,975 5,946,097 - - - -
Machinery - - 68,250,000 - - - - - - -
Total Capex 21,335,846 90,768,375 201,832,761 53,852,076 49,669,226 29,564,217 - - - -
FREE CASH FLOW (23,896,148) (101,660,579) (217,862,693) (59,135,810) (41,582,927) 36,527,682 213,166,741 473,271,895 795,887,720 989,257,360

FINANCING CASH FLOW
Sources of Funds: 450,000,000 - - - - -
Equity 100% 225,000,000 112,500,000 112,500,000 - - - - - - -
Bank Loan 0% - - - - - - - - - -


ENDING CASH BALANCE 201,103,852 211,943,273 106,580,580 47,444,770 5,861,844 42,389,525 255,556,266 728,828,162 1,524,715,882 2,513,973,242

IRR Project 44.43%

Biodiesel
(Indonesian Rp.000)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
BEGINNING CASH BALANCE - 476,103,852 624,443,273 56,580,580 8,124,690 31,902,875 257,324,170 855,833,880 2,068,964,277 4,044,001,485
OPERATING CASH FLOW
BioDiesel Sales - - - 25,245,000 154,499,400 446,503,266 910,866,663 1,748,863,992 2,787,251,988 3,411,596,433
Glycerine Sales - - - 608,868 3,726,273 10,768,928 21,968,613 42,179,738 67,223,957 82,282,123
Total Cash In-flow - - - 25,853,868 158,225,673 457,272,194 932,835,276 1,791,043,730 2,854,475,945 3,493,878,556
Crude Oil Processing Cost - - - 2,387,718 14,612,834 42,231,091 86,151,425 165,410,736 263,623,361 322,674,994
Biodiesel Processing Cost - - - 3,581,577 21,919,251 63,346,636 129,227,138 248,116,104 395,435,041 484,012,490
G/A Overhead Cost 2,560,302 10,892,205 16,029,931 7,961,760 14,405,088 24,841,168 35,820,596 61,919,286 94,225,579 113,715,238
Total Cash Out-flow 2,560,302 10,892,205 16,029,931 20,457,682 84,778,262 202,286,683 334,325,565 577,913,333 879,438,737 1,061,342,223
Net Operating Cash Flow (2,560,302) (10,892,205) (16,029,931) 5,396,186 73,447,411 254,985,511 598,509,711 1,213,130,397 1,975,037,207 2,432,536,333

Infrastructure 1,783,829 8,919,146 17,243,681 14,865,243 10,702,975 5,946,097 - - - -
Machinery - - 668,250,000 - - - - - - -
Total Capex 21,335,846 90,768,375 801,832,761 53,852,076 49,669,226 29,564,217 - - - -
FREE CASH FLOW (23,896,148) (101,660,579) (817,862,693) (48,455,890) 23,778,185 225,421,294 598,509,711 1,213,130,397 1,975,037,207 2,432,536,333

FINANCING CASH FLOW
Sources of Funds: 1,000,000,000 - - - - -
Equity 100% 500,000,000 250,000,000 250,000,000 - - - - - - -
Bank Loan 0% - - - - - - - - - -


ENDING CASH BALANCE 476,103,852 624,443,273 56,580,580 8,124,690 31,902,875 257,324,170 855,833,880 2,068,964,277 4,044,001,485 6,476,537,817

IRR Project 48.11%

About

PT. Bahtera Hijau Lestari Indonesia (BHLI)


PT Bahtera Hijau Lestari Indonesia (BHLI)
}  PT Bahtera Hijau Lestari Indonesia (BHLI) is an agro-industry company focussed on Bio-renewable
Energy. Since 2006, BHLI has intensively researched Candlenut (Reutealis Trisperma BLANCO, Kemiri
Sunan).
}  In 2008, BHLI has planted more than 60.000 Candlenut trees in West Java, Indonesia. These plantings are in
line with Government Land Rehabilitation programs under Agricultural Department of Republic of
Indonesia directives.
}  In 2009, BHLI has signed a Joint Agreement with BALITTRI (http://balittri.litbang.deptan.go.id/) for ongoing
research.
}  Currently, BHLI has its own nurseries of more than 300.000 trees in West Java, Indonesia, thus allowing for
widespread planting.
}  BHLI has been also developing its seedling plantation in Subang, West Java; from here it can supply seedlings
for more than 100.000 Ha per year.
}  For Land conservation purposes, BHLI has signed a Joint Agreement with several parties (Local
Government, NGO and private) for distributing and planting more than 220.000 seeds to the following
areas:
Kuningan è 10.000 seeds Timor è 20.000 seeds

Majalengka è 10.000 seeds Ngawi è 15.000 seeds

Lombok è 14.500 seeds Bekasi è 30.000 seeds

Nusa Penida, Bali è 15.000 seeds Jakarta è 3.500 seeds

Jatigede è 100.000 seeds Bandung è 3.000 seeds


BHLI Management Team
}  Abraham G. Pattikawa - President Director, has more than 25 years’
experience in finance, especially for project financing and restructuring of
companies in the palm oil plantation, Wood, Pulp and Paper industry.

}  Hendru Widjaja - Director, has been in the Palm Oil Industry for more than 25
years. He has successfully established and managed 100,000 Ha palm-oil estate
plantations in Kalimantan Province, Indonesia. Prior to joining the team he was
COO of a major Palm Oil Plantation Company.

}  Imran Ma’aroef – Director. For more than 30 years in the field of Inti-Plasma
Oil Palm Plantation and other Plantation business in Indonesia, Imran was previously
a Senior Officer in the Directorate-General of Agriculture, Indonesia.

}  Andreas Andrianto Wijaya – President Commissioner, Andy has extensive
experience in various industries such as the shoe industry, Textiles, aluminum and
trading agricultural products, particularly cotton plants.


BHLI Management Team (Cont.)
}  Danny Suwardhani – Commissioner. Coming from a wide background in
agriculture and community programs, Danny brings considerable knowledge and
skills in these areas to the team.

}  Ross Blackman, M.Sc. – International Advisor, has been Country Manager in
establishing Nike’s Korean operations in the 70s. For the past years, Ross has been
involved in Renewable Energy technology development and resources trading in the
South-East Asian region.

}  Walter Tonetto, Ph.D – International Advisor, is a Former Visiting Professor in
The University of Tokyo and Waseda University. More recently he has been the
Regional Representative (South-East Asia) of The Agency for Green Technology.


BHLI MILESTONES


BHLI Milestones
}  Joint Cooperation with:

}  BALITTRI (Balai Penelitian Tanaman Rempah dan Aneka Tanaman Industri) -
Department of Agriculture
}  Department of Forestry (Balai Penelitian Kehutanan – Forestry Research
Institute)
}  Gapoktan - Farmer Cell Group
}  Member of FORDEF (Forestry Research and Development Forum) – Forum
Litbang Kehutanan
}  Planting sponsorship of 100.000 Candlenut saplings at Jatigede Reservoir for
the Cimanuk Drainage basin Conservation Area
}  Trial Use of Biodiesel made from Candlenut from Sukabumi to Solo (return
trip)


Planting of 100.000 Candlenut Trees at Jatigede
Reservoir for the Cimanuk Drainage basin
Conservation Area


Planting of 15.000 Candlenut saplings
at Nusa Penida, Bali


14.500 Candlenut Saplings Planted at
Lombok in partnership with
The Mataram Forestry Research Center


Candlenut Trees for Land and Water
Conservation


FORDEF MOU Signing


Planting in Kupang, Timor


Pictures


Candlenut
Trees,
Flowers
and
Fruit


Candlenut
Trees
at
Rock-‐face
Areas

miVgaVng
soil
erosion


Candlenut
Seeds,
Flower
and

Biofuel
ExtracVon
Trials


Candlenut
Seeds
and
Nursery


Candlenut
Nursery
Ac6vi6es


Crude
Candlenut
Oil


Candlenut
Biodiesel
Trials


CONTACT US


Contact

PT Bahtera Hijau Lestari Indonesia
Ruko
Golden
Boulevard
Blok
G1/12

Jalan
Pahlawan
Seribu

Bumi
Serpong
Damai,
Tangerang,
15322

www.bahterahijaulestari.com

}  Ross Blackman: ross@bahterahijaulestari.com
}  or
}  Walter Tonetto: walter@bahterahijaulestari.com


THANK YOU!


Candlenut (ver 2.2e)

Recomendados

Recomendados

Más contenido relacionado

La actualidad más candente

La actualidad más candente (20)

Destacado

Destacado (20)

Similar a Candlenut (ver 2.2e)

Similar a Candlenut (ver 2.2e) (20)

Último

Último (20)

Candlenut (ver 2.2e)