The latest report titled “Rapeseed Oil Production Cost” by Procurement Resource a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of the Rapeseed Oil.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Rapeseed Oil production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Rapeseed Oil Production Process:
1. Rapeseed Oil Production From Extraction: This report provides a comprehensive cost evaluation of rapeseed oil production across rapeseed oil manufacturing plants via extraction from rapeseed. At first, rapeseed undergoes pre-treatment via grinding, rolling, breaking, pressing, etc., which results in the breaking of the seeds. In the following step, dehulling takes place, where the removal of fibres and other additional pigments is done to get rid of hulls. Later, the oil seeds are ruptured and pressed at elevated temperatures to obtain the oil.
Further, the seeds go through screw pressing and are passed in hexane to carry out extraction. Hence, hexane is removed using a desolventising process, after which the oil's distillation and degumming take place, which is purified further by getting rid of impurities following drying, bleaching, neutralisation, deodourisation, and degumming processes.
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Product Definition:
Rapeseed Oil or canola oil is the rapeseed plant’s oil that is derived from its golden-yellow flowers. It is primarily used as a culinary oil used for cooking, food processing, and baking. It is available in two forms culinary and industrial. It has nutritional value, like being naturally high in unsaturated fat and low in saturated fat, rich in vitamin E source, is a strong antioxidant as well as a great omega-3 fat (alpha-linolenic acid) source and is high in omega-6 fats. In addition, the oil is very affordable and versatile.
Market Drivers:
The Rapeseed Oil market is witnessing growth due to the oil’s various culinary applications such as roasting (due to its high smoke point), frying, baking, dipping, deep-fat frying, marinades, drizzling, and sauces (due to its mild flavour). Furthermore, it is industrially used across chemical and automotive industries, where it finds application as lubricants, hydraulic fluids and plastics. Its excellent nutrient properties not only make it ideal for cooking applications but also in cosmetics, such as a scar-removing agent in various surgeries, which leads to the market’s further development.
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