Magnesium Oxalate Manufacturing Plant Project Report 2024

About the Report

The Expert Market Research report, titled “Magnesium Oxalate Manufacturing Plant Project Report 2024 Edition: Industry Trends, Capital Investment, Price Trends, Manufacturing Process, Raw Materials Requirement, Plant Setup, Operating Cost, and Revenue Statistics,” provides an in-depth and comprehensive examination of the financial and operational aspects of establishing a magnesium oxalate plant.

The report is the result of extensive primary and secondary research, offering a detailed analysis of current market trends, including the effects of COVID-19 on both global and regional scales. It profiles key industry players, giving insights into their market strategies, production capacities, and financial performance, which are crucial for benchmarking and competitive analysis.

It delves into historical, current, and forecasted price trends, helping stakeholders understand market dynamics and price volatility. The report provides a thorough analysis of the mass balance and raw materials requirements, ensuring a clear understanding of the input-output ratios essential for efficient production. Detailed examinations of the various unit operations integral to the magnesium oxalate manufacturing process are included, highlighting process optimisation techniques and technological advancements.

The report presents a comprehensive capital cost analysis, detailing the financial investment required for setting up a magnesium oxalate plant. This includes an exhaustive breakdown of costs associated with raw materials, catchem, utilities, labour, packaging, transportation, land acquisition, construction, and machinery. Additionally, it offers an in-depth look at the operating costs, providing clarity on the recurring expenses involved in running the plant.

Projected profit margins and optimal product pricing strategies are outlined, offering guidance on maximising profitability. The report also addresses regulatory frameworks, environmental impacts, and sustainability measures pertinent to the magnesium oxalate industry.

About Magnesium Oxalate

Magnesium oxalate is a strong dicarboxylic acid present in many plants and vegetables, which can be produced in the body by breaking down glyoxylic acid or ascorbic acid. This compound is not metabolised, but it can be excreted through urine. This substance is used as both an analytical reagent and a flexible reducing agent in the chemical sector. It also serves as a key ingredient in the manufacturing of different magnesium compounds and oxalates.

Properties of Magnesium Oxalate

Magnesium oxalate belongs to the category of inorganic chemicals and has a molecular weight of 112.32 g/mol. This compound has the chemical formula of MgC₂O₄ and consists of a magnesium cation with a 2+ charge bonded to an oxalate anion. It appears in a solid form with its colour ranging from white to off-white. It is also insoluble in water and possesses a melting point of 150 °C and a density of 2.45 gm/cm3.

Manufacturing Process of Magnesium Oxalate

The production process of magnesium oxalate is a cost-effective and simple operation which involves the reaction of commercial reagents. Firstly, sodium oxalate aqueous solution, magnesium chloride aqueous solution, poly (styrene-alt-maleic acid sodium) aqueous solution, and poly (sodium 4-styrene-sulfonate) aqueous solution are prepared separately. In the next step, these solutions are combined in specific ratios to undergo a reaction, followed by pH adjustment to a certain alkaline level and by proper mixing. Lastly, the resulting products are washed after a period, resulting in the formation of magnesium oxalate granules.

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Synthesis of Magnesium Oxalate

Magnesium oxalate (MgC2O4) is an inorganic compound which can be formed from magnesium and oxalic acid. It is commonly used in various industrial applications, including as a precursor in the preparation of magnesium oxide, in analytical chemistry, and in the pharmaceutical industry. Here are the major steps involved in its production:

1. Preparation of Oxalic Acid

Oxalic acid (H₂C₂O₄) can be prepared through various methods, including the oxidation of carbohydrates or the reaction of sodium formate with sodium hydroxide.

Chemical reaction formed through the oxidation of carbohydrates:

C₆H₁₂O₆ + 6 O₂ → 3 H₂C₂O₄ + 6 H₂O

2. Reaction with Magnesium Salt

In the next step, oxalic acid reacts with a magnesium salt, such as magnesium chloride (MgCl₂) or magnesium sulfate (MgSO₄), to form magnesium oxalate.

Chemical reaction:

MgCl₂ + H₂C₂O₄ → MgC₂O₄ + 2 HCl or MgSO₄ + H₂C₂O₄ → MgC₂O₄ + H₂SO₄

3. Final Reaction:

The overall synthesis of magnesium oxalate can be summarised by the reaction between oxalic acid and a magnesium salt:

MgCl₂ + H₂C₂O₄ → MgC₂O₄ + 2 HCl or MgSO₄ + H₂C₂O₄ → MgC₂O₄ + H₂SO₄

Applications and Drivers of Magnesium Oxalate

Magnesium oxalate finds growing applications as a reagent in various chemical analyses and experiments, due to its high reactivity and stability, and is also highly valuable for laboratory research. It further plays a crucial role in the production of other magnesium-based compounds and serves as an intermediate compound in the manufacturing process of magnesium oxide and magnesium hydroxide, both of which have widespread industrial applications. The growing use of different chemicals in different emerging sectors is driving the demand for various chemical reagents, including magnesium oxalate.

Key Features of the Magnesium Oxalate Production Cost Report:

This production cost analysis report by Expert Market Research scrutinises the magnesium oxalate manufacturing process, offering a comprehensive overview necessary for stakeholders considering venturing into this sector. Based on the latest economic data, the report encompasses detailed insights into the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing strategies, and profit margins. This report is an indispensable resource for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the magnesium oxalate industry. It equips them with essential information and strategic insights to effectively navigate the complexities of the market.

The following sections detail the comprehensive scope of the prefeasibility report for a magnesium oxalate production plant:

• Market Dynamics and Trends: This section analyses the prevailing market conditions, growth drivers, and trends impacting the magnesium oxalate industry. It offers a thorough examination of demand fluctuations and projections.

• Impact of COVID-19: An assessment of how the pandemic has affected industry operations, supply chains, and overall market dynamics.

• Geographic Analysis: Detailed insights into the major regions active in magnesium oxalate production and consumption, highlighting regional market specifics and growth potential.

• Key Industry Players: Profiles of leading manufacturers in the magnesium oxalate sector, outlining their market share, strategic positions, and operational strengths.

• Price Fluctuations: Analysis of historical, current, and projected price trends, providing stakeholders with essential pricing intelligence.

• Technical Specifications and Process Description: A detailed overview of the magnesium oxalate production process including the technology used and innovations within the industry.

• Raw Material Requirements and Sourcing: Evaluation of necessary raw materials, their sourcing strategies, and cost implications.

• Utility Requirements and Costs: Detailed analysis of utilities needed to produce magnesium oxalate such as electricity, steam, and process water along with their cost assessments. 

• Labour Force Dynamics: Insights into manpower requirements, including skill specifications and labour cost projections.

• Packaging Needs: Overview of packaging requirements for magnesium oxalate to ensure product integrity and cost efficiency.

• Logistics and Transportation: Examination of transportation needs and logistics planning for distribution and supply chain efficiency.

• Capital and Operating Costs: An in-depth look at investment requirements, including land and its development costs, civil work costs, construction, machinery procurement, and ongoing operational expenses, such as salaries and wages, plant overheads, tax and insurance as well as packaging, transportation, and administration costs.

• Financial Performance and Profitability Analysis: Projected profit margins and return on investment based on current market and operational parameters.

• Product Pricing Strategy: Recommendations on pricing mechanisms based on industry benchmarks and production costs.

• Environmental Impact and Regulatory Compliance: Analysis of environmental considerations and compliance with local and international regulations.

• Risk Assessment and Mitigation Strategies: Identification of potential risks associated with magnesium oxalate production and strategies to mitigate them.

Key Questions Addressed:

• What are the detailed unit operations for magnesium oxalate production?

• Who are major technology licensors with their process evaluation?

• How are raw materials or catchem procured and what are their cost implications?

• What utilities are essential for production and what will they cost?

• What are the labour requirements and how does this affect operational costs?

• What packaging solutions are optimal for cost and efficiency?

• What logistical arrangements are necessary for efficient product distribution?

• What are the estimated land and construction costs for a new magnesium oxalate plant?

• How can profitability be maximised in the magnesium oxalate market?

• What pricing strategy should be adopted for magnesium oxalate to remain competitive?

This prefeasibility report aims to equip potential investors and existing manufacturers with crucial insights to make informed decisions in the magnesium oxalate industry.