Paper Title
Economic Feasibility Analysis of Wood Pellet Boiler in Thailand Industry

The objective of this study is mainly to analyze the economic feasibility of the wood pellet boiler in industry project in Thailand. The wooden pellets are expectedto substitute fuel oil in furnaces boiler because the wood pellets are distinctive cheaper and more environmentally friendly than fossil fuels. In this study, the two scenarios including cost benefit analysis of current situation and the government subsidy (30%) on the furnaces investment are investigated. To evaluatethe financial feasibility subjects three critical important factorsbased onNPV> 0; IRR> 7.1%and PB period≤ 7 years in this study. The results showed that the wood pellet boiler for industrial enterprise is abetterchoice for financially feasible with thesplendid fuel cost benefit. Therefore, the wood pellet boiler is going to be thefashionablea worthwhile investment. Index Terms - Boiler, Economic value analysis, Wood pellet, Thailand