Feasibility Analysis of Seaweed Processing Industry Infrastructure Development in Muara Badak, Kutai Kartanegara

Abstract

This study analyzes the feasibility of developing a seaweed processing industry in Muara Badak, Kutai Kartanegara, by assessing technical, financial, market, social, and environmental aspects. The research adopts a mixed methods approach, combining quantitative financial analysis with qualitative assessments of community dynamics and institutional readiness. Data collection was conducted over three months through field surveys, interviews, and secondary sources. The technical evaluation confirms the adequacy of local infrastructure and raw material availability to support a facility capable of processing 20 tons of wet seaweed per day. Financially, the project shows strong viability, with a Net Present Value (NPV) of IDR 15.05 billion, an Internal Rate of Return (IRR) of 35%, a payback period of 4.16 years, and a break-even point of 19 tons/day. Market analysis highlights significant domestic and international demand growth for value-added seaweed products. Social impacts include increased farmer income, job creation, and greater economic participation of women and farmer groups. Environmentally, the project presents manageable risks, provided that integrated waste management and coastal conservation practices are implemented. The study concludes that the seaweed processing industry in Muara Badak is not only feasible but also strategically aligns with Indonesia’s