Browse > Article
http://dx.doi.org/10.7844/kirr.2014.23.3.3

Economic Assessment of the Heat Recovery from Incineration Plants Based on Regression Analysis  

Yoon, Jungmin (Department of Civil and Environmental Engineering, Korea Advanced Institute of Science and Technology)
Son, Hyeongmin (Department of Civil and Environmental Engineering, Korea Advanced Institute of Science and Technology)
Park, Dong Yoon (Department of Civil and Environmental Engineering, Korea Advanced Institute of Science and Technology)
Chang, Seongju (Department of Civil and Environmental Engineering, Korea Advanced Institute of Science and Technology)
Publication Information
Resources Recycling / v.23, no.3, 2014 , pp. 3-12 More about this Journal
Abstract
This study aims at providing an economic assessment for incineration plants which recover heat during its incineration process. In this study, Life Cycle Cost(LCC) of incineration plants is performed based on each regression analysis formula for construction cost, operation cost, and heat generation in order to compare economic feasibility. The result shows that the incineration plant recovering waste heat while processing 80 tons of waste per day increases both initial investment and operation cost but this type of an incineration plant has economical predominance from the recovered waste heat over the one that does not recover heat when being operated for more than eleven years if the retrieved heat replaces the use of LNG. And its payback time reaches more than 19 years in case of selling heat and performing emission trading.
Keywords
Incineration plant; Waste heat recovery; Life cycle cost; Regression analysis; Economic assessment;
Citations & Related Records
Times Cited By KSCI : 3  (Citation Analysis)
연도 인용수 순위
1 Jongsoo Choe, Hyongbok Kim, 2003 : Cost Analysis of Construction and Operation for Wastewater Tratement Plants, Journel of Korean Society of Environmental Engineering, 25(1), pp33-37.
2 Bo-Sik Son, Myeong-Houn Jang, Hyun-Soo Lee, 2005 : A Method of Economic Analysis for Remodeling of Apartments Using the life Cycle Costing, Architectural Institute of Korea, 21(7) pp73-81.   과학기술학회마을
3 Sang Gab Kim, et. al., 2007 : A Study on the life cycle cost analysis for waterproofing work of residential building basements, Architectural Institute of Korea, 23(1), pp.95-103.   과학기술학회마을
4 Bank of Korea, 2013 : Base money rate. http://www.bok.or.kr/
5 Byoung Kuk Kim, 2010 : A Study on benefit maximization model development of waste incineration company, M.S thesis, Hanyang University, Korea.
6 Korea District Heating Corp., 2013 : Heating Charge. http://www.kdhc.co.kr/
7 Ministry of Environment, Environmental Management Corporation of Korea, 2008 : 2006 IPCC Guidelines for National Greenhouse Gas Inventories, 2, pp1.29.
8 Hyangmi Choi, 2012 : KEPCO's Smart Grid Strategy and Global Energy Crisis, Korean Academy of International Business Management, 16(4), pp275-293.
9 Han, H.a, et. al., 2010 : Comparison of green-house gas emission reductions and landfill gas utilization between a landfill system and an incineration system, Waste Management and Research, 28(4), pp315-321.   DOI   ScienceOn
10 Woo Zin Choi, Eun Kyu Park, Seung Kyun Kang, 2008 : Study on Recycling of Incombustion Materials from MSWI Fluidized Bed Incinerator Ash, Journal of Korean Institute of Resources Recycling, 17(4), pp3-9.   과학기술학회마을
11 Jongshik Kim, Juntaek Park, 2001 : A study on the Investigation of Aspects on the Waste Heat Utilization at the Domestic Municipal Solid Waste Incinerators, Nakdonggang Environmental Research Institute, 6(1), pp321-329.
12 Sang Cheol Oh, 2010 : Research on Setting Rates for Resource Recovery Facilities Incineration Waste Heat, M.S thesis, Polytechnic University, Korea.