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http://dx.doi.org/10.14478/ace.2018.1053

Economic Evaluation with Uncertainty Analysis of Glycerol Steam Reforming for the H2 Production Capacity of 300 m3 h-1  

Heo, Juheon (Department of Advanced Materials and Chemical Engineering, Catholic University of Daegu)
Lee, Boreum (Department of Advanced Materials and Chemical Engineering, Catholic University of Daegu)
Kim, Sehwa (Department of Advanced Materials and Chemical Engineering, Catholic University of Daegu)
Kang, Sung-Mook (School of Electronic and Electrical Engineering, Catholic University of Daegu)
Lim, Hankwon (School of Energy and Chemical Engineering, Ulsan National Institute of Science and Technology)
Publication Information
Applied Chemistry for Engineering / v.29, no.5, 2018 , pp. 589-593 More about this Journal
Abstract
In this paper, an economic evaluation with the uncertainty analysis using a Monte-Carlo simulation method was performed for the glycerol steam reforming to produce $H_2$ at a capacity of $300m^3h^{-1}$. Fluctuations in a unit $H_2$ production cost were identified based on the variation of key economic factors at ${\pm}10-{\pm}40%$ and the probability of 30.9% was obtained for a previously reported unit $H_2$ production cost of 5.10 $ $kgH{_2}^{-1}$. In addition, fluctuations in the B/C ratio were obtained by varying the fixed capital investment (${\pm}20%$), cost of manufacturing (${\pm}20%$), revenue (${\pm}20%$), and discount rate (2-10%) and the probability ranging from 17 to 55% was observed to meet a minimum B/C ratio of 1 for the economic feasibility of the glycerol steam reforming to produce $H_2$.
Keywords
glycerol steam reforming; economic evaluation; uncertainty analysis; hydrogen production;
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