• Title/Summary/Keyword: Cost of $CO_2$ Avoided

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KEPCO-China Huaneng Post-combustion CO2 Capture Pilot Test and Cost Evaluation

  • Lee, Ji Hyun;Kwak, NoSang;Niu, Hongwei;Wang, Jinyi;Wang, Shiqing;Shang, Hang;Gao, Shiwang
    • Korean Chemical Engineering Research
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    • v.58 no.1
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    • pp.150-162
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    • 2020
  • The proprietary post-combustion CO2 solvent (KoSol) developed by the Korea Electric Power Research Institute (KEPRI) was applied at the Shanghai Shidongkou CO2 Capture Pilot Plant (China Huaneng CERI, capacity: 120,000 ton CO2/yr) of the China Huaneng Group (CHNG) for performance evaluation. The key results of the pilot test and data on the South Korean/Chinese electric power market were used to calculate the predicted cost of CO2 avoided upon deployment of CO2 capture technology in commercial-scale coal-fired power plants. Sensitivity analysis was performed for the key factors. It is estimated that, in the case of South Korea, the calculated cost of CO2 avoided for an 960 MW ultra-supercritical (USC) coal-fired power plant is approximately 35~44 USD/tCO2 (excluding CO2 transportation and storage costs). Conversely, applying the same technology to a 1,000 MW USC coal-fired power plant in Shanghai, China, results in a slightly lower cost (32~42 USD/tCO2). This study confirms the importance of international cooperation that takes into consideration the geographical locations and the performance of CO2 capture technology for the involved countries in the process of advancing the economic efficiency of large-scale CCS technology aimed to reduce greenhouse gases

Performance and Economic Analysis of 500 MWe Coal-Fired Power Plant with Post-Combustion $CO_{2}$ Capture Process (연소 후 $CO_{2}$ 포집공정이 적용된 500MWe 석탄화력발전소의 성능 및 경제성평가)

  • Lee, Ji-Hyun;Kim, Jun-Han;Lee, In-Young;Jang, Kyung-Ryoung;Shim, Jae-Goo
    • Korean Chemical Engineering Research
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    • v.49 no.2
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    • pp.244-249
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    • 2011
  • In this study, performance and economic analysis of 500 MWe coal-fired power plant with $CO_{2}$ capture process was performed. For this purpose, chemical absorption method which is commercially available and most suitable for thermal power plant was studied and a criteria for technical and economic assessment of power plants suggested by IEA Greenhouse Gas R&D Programme was used. And we performed the sensitivity analysis focused on regeneration energy which exceed half of the total capture energy. Based on MEA(Monoethanoleamine) as a main chemical solvent and 3.31 GJ/ton$CO_{2}$ regeneration energy in the stripper, net power efficiency was reduced from 41.0% (no capture) to 31.6%(with capture) and the cost of $CO_{2}$ avoided was estimated 43.3 $/ton$CO_{2}$. And in case of 2.0 GJ/ton$CO_{2}$ regeneration energy, the cost of $CO_{2}$ avoided was calculated as 36.7 $/ton$CO_{2}$.

Performance and Economic Analysis of Domestic Supercritical Coal-Fired Power Plant with Post-Combustion CO2 Capture Process (국내 초임계 석탄화력발전소에 연소 후 CO2 포집공정 설치 시 성능 및 경제성 평가)

  • Lee, Ji-Hyun;Kwak, No-Sang;Lee, In-Young;Jang, Kyung-Ryoung;Shim, Jae-Goo
    • Korean Chemical Engineering Research
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    • v.50 no.2
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    • pp.365-370
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    • 2012
  • In this study, Economic analysis of supercritical coal-fired power plant with $CO_2$ capture process was performed. For this purpose, chemical absorption method using amine solvent, which is commercially available and most suitable for existing thermal power plant, was studied. For the evaluation of the economic analysis of coal-fired power plant with post-combustion $CO_2$ capture process in Korea, energy penalty after $CO_2$ capture was calculated using the power equivalent factor suggested by Bolland et al. And the overnight cost of power plant (or cost of plant construction) and the operation cost reported by the IEA (International Energy Agency) were used. Based on chemical absorption method using a amine solvent and 3.31 GJ/$tonCO_2$ as a regeneration energy in the stripper, the net power efficiency was reduced from 41.0% (without $CO_2$ capture) to 31.6% (with $CO_2$ capture) and the levelized cost of electricity was increased from 45.5 USD/MWh (Reference case, without $CO_2$ capture) to 73.9 USD/MWh (With $CO_2$ capture) and the cost of $CO_2$ avoided was estimated as 41.3 USD/$tonCO_2$.

Indicators of Economic Evaluation and Case Studies on New & Renewable Energy (신재생에너지 경제성 평가 결과 분석 및 평가지표 연구)

  • Ahn Eun-Young;Kim Seong-Yong
    • 한국신재생에너지학회:학술대회논문집
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    • 2005.06a
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    • pp.600-603
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    • 2005
  • U.S. National Research Council proposed benefits framework for energy R&D project as economic benefits, environmental benefits, security benefits and knowledge benefits. Following this framework, U.S. National Renewable Energy Laboratory evaluated the projected benefits of Federal Energy Efficiency and Renewable Energy Programs in the indicators of energy-expenditure savings, energy system cost savings, $CO_2$ emissions reductions. oil savings, natural gas saving and avoided additions to central conventional power. As this result, geothermal energy have predominant position in the energy-expenditure savings, natural gas saving and avoided addi t ions to central conventional power to FY2050. The projected benefits, in monetary value, of the whole supply-potential of geothermal energy in Korea were evaluated as 480.2 billion Won, 43.1 billion Won and 135.8 billion Won for the private energy-cost savings, social environmental-cost savings, and import energy-cost saving, respectively.

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Development of Techno-Economic Evaluation Model for CCS (Carbon Capture & Sequestration) (CCS (Carbon Capture & Sequestration) 기술·경제성 평가 분석)

  • Lee, Ji Hyun;Kwak, No-Sang;Lee, Dong Woog;Shim, Jae-Goo;Lee, Jung Hyun
    • Journal of Climate Change Research
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    • v.7 no.2
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    • pp.111-120
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    • 2016
  • In this study, Techno-economic evaluation model for carbon capture & sequestration (CCS) technologies are reviewed. Based on a key parameters of Korea's electricity market, performance data of 10 MW-scale post-combustion $CO_2$ capture pilot plant in Boryong station, the cost of $CO_2$ avoided was evaluated followed by international guideline suggested by IEA CCS costing methods task force. The result showed that Korea's Electricity cost including CAPEX & OPEX of reference power plant is relatively low compared to OECD nations which lead to a lower CCS cost ($33USD\;t/CO_2$). And future work using newly evaluated CAPEX & OPEX data of power plant with/without CCS is recommended.

Function of Home Energy Savings and Carbon Emission Reduction by Urban Vegetation- Case of Chuncheon- (도시식생의 주택에너지절약 및 탄소배출저감 기능 -춘천시를 대상으로-)

  • 조현길;서옥하;한갑수
    • Journal of the Korean Institute of Landscape Architecture
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    • v.26 no.3
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    • pp.104-117
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    • 1998
  • Rising concern about climate change has evoked interest in the potential for urban vegetation to help reduce the level of atmospheric CO\sub 2\, a major heat-trapping gas. This study quantified the functio of home energy savings and carbon emission reduction by shading, evapotranspiration and windspeed reduction of urban vegetatioin in Chuncheon. Tree and shrub cover averaged approximately 13% in residential land. The effects of shading, evapotranspiration and windspeed reduction annually saved heating energy by 2.2% and cooling energy by 8.8%. The heating and cooling energy savings reduced carbon emissions by 3.0% annually. These avoided emissions equaled the amount of carbon emitted annually from fossil fuel consumption by a population of about 1,230. Carbon emission reduction per residential building was 55kg for detached buildings and 872 kg for multifamily buildings. Urban vegetation annually decreased heating and cooling energy cost by ₩1.1 billions, which were equivalent to annual savings of ₩10,000 savings and carbon emission reduction due to tree plantings in the wrong locations, while windspeed reduction had a great effect. Plantings fo large trees close to the west and east wall of buildings, full tree plantings on the north, and avoidance of shade-tree plantings or selection of solar-friendlytrees on the south were recommended to improve the function of building energy savings and carbon emission reduction by urban vegetation.

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Test Bed Studies with Highly Efficient Amine CO2 Solvent (KoSol-4) (고효율 습식 아민 CO2 흡수제(KoSol-4)를 적용한 Test bed 성능시험)

  • Lee, Ji Hyun;Kwak, No-Sang;Lee, In Young;Jang, Kyung Ryoung;Jang, Se Gyu;Lee, Kyung Ja;Han, Gwang Su;Oh, Dong-Hun;Shim, Jae-Goo
    • Korean Chemical Engineering Research
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    • v.51 no.2
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    • pp.267-271
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    • 2013
  • Test bed studies with highly efficient amine $CO_2$ solvent (KoSol-4) developed by KEPCO research institute were performed. For the first time in Korea, evaluation of post-combustion $CO_2$ capture technology to capture 2 ton $CO_2$/day from a slipstream of the flue gas from a coal-fired power station was performed. Also the analysis of solvent regeneration energy was conducted to suggest the reliable performance data of the KoSol-4 solvent. For this purpose, we have tested 5 campaigns changing the operating conditions of the solvent flow rate and the stripper pressure. The overall results of these campaigns showed that the $CO_2$ removal rate met the technical guideline ($CO_2$ removal rate: 90%) suggested by IEA-GHG and that the regeneration energy of the KoSol-4 showed about 3.0~3.2 GJ/$tCO_2$ which was, compared to that of the commercial solvent MEA (Monoethanolamine), about 25% reduction of regeneration energy. Based on these results, we could confirm the good performance of the KoSol-4 solvent and the $CO_2$ capture process developed by KEPCO research institute. And also it was expected that the cost of $CO_2$ avoided could be reduced drastically if the KoSol-4 is applied to the commercial scale $CO_2$ capture plant.