Procurement Resource Analyses the Production Cost of Steam in its New Report

Posted on 28 July, 2022 by Jolie Alexa

Procurement Resource Analyses the Production Cost of Steam in its New Report

Analyses Overview of The New Production Cost Report of Steam

The new report by Procurement Resource, a global procurement research, and consulting firm, looks in-depth into the costs involved in the production of Steam. The comprehensive report analyses the production cost of the material, covering the raw material costs and co-product credit, equipment costs, land and site costs, labour wages, maintenance costs, financing charges, and depreciation costs. The extensive study describes the stepwise consumption of material and utilities along with a detailed process flow diagram. The report also assesses the latest developments within the Steam industry that might influence the costs of production, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Product Definition:

Water in its gaseous state is referred to as steam. Water can be boiled or evaporated to produce steam. While saturated or superheated steam is invisible, actual steam or wet steam is frequently created when water vapour condenses. Steam is traditionally produced by heating a boiler and burning coal or other fuels, but it may now be produced using solar energy as well. At normal temperature and pressure, the enthalpy of vaporisation is the amount of energy required to convert water into a gaseous state as its volume grows by 1,700 times.

Factors Impacting the Steam Production Cost:

Coal is the most often utilised fuel in thermal power plants to convert water to superheated steam. Because its volatile content ranges from 8% to 33% and its ash level ranges from 5% to 16%, bituminous coal, also known as brown coal, is frequently utilised as a boiler fuel in India. One tonne of steam takes 118.5 kilogrammes of BB-coal, of which 83% is raw coal (98.4 kilogrammes). In 2021, China was a major contributor to the increase in coal prices. A supply shortage worsened demand, which was aggravated when China refused to continue trading coal with Australia. Moreover, the price in China reached an all-time high of 223 USD/MT in October 2021. These factors are expected to impact the production cost of Steam.

Procurement Resource Assessment of Steam Production:

The production cost report by Procurement Resource assesses the production of Steam via Boiling Water. In order to produce Steam, water is heated at standard temperature and pressure. As the water starts to boil at 1000C, its evaporation takes place, thus, leading to the formation of Steam.

About Us:

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.

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Reference Link: https://takeitcool.com/production-cost-of-steam/