• Title/Summary/Keyword: economic plant

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Case Study and Evaluation of Economic Feasibility of Combined Heat and Power System using Woodchip Biomass (우드칩 바이오매스를 이용한 열병합발전 운영 사례 분석)

  • Suh, Gill Young;Kim, Sung Hyun
    • New & Renewable Energy
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    • v.8 no.4
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    • pp.21-29
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    • 2012
  • The extensible supply of New & Renewable energy resources desperately needs to counter the high dependence on imported energy, recent high oil prices and the Climate Change Conference, and the government has operated the 'Renewable Portfolio Standard' (RPS) as one of the renewable energy policy from 2012. By analyzing the operation case of combined heat and power plant using the woodchip biomass, we drew the price of wood chip fuel, plant capacity factor, electricity selling price, heat selling price and LCOE value. After analyzing the economic feasibility of 3MWe combined heat and power plant based on the operating performance, the minimum of economic feasibility has appeared to be secured according to the internal rate of return (IRR) is 6.34% and the net present value (NPV) is 3.6 billion won as of 20 years life time after installation, and after analyzing the cases of the economic feasibility of the price of wood chip, plant capacity factor, electricity and heat selling price are changed, the economic feasibility is valuable when the price of wood chip is over 64,000 won/ton, NPV is minus, and the capacity factor is above 46.9%, the electricity selling price is 116 won/kWh and the heat selling price is above 75,600 won/Gcal. When going over the new installation hereafter, we need the detailed review of the woodchip storage and woodchip feeding system rather than the steam-turbine and boiler which have been inspected many times, the reason why is it's hard to secure the suitable quality (constant size) of woodchip by the lack of understanding about it as a fuel because of the domestic poor condition and the calorific value of woodchip is seriously volatile compared with other fuels.

The study on Measuring of Environmental Radioactivity in the Vicinity of Yonggwang Nuclear Power Plant (영광 원자력 발전소 주변 환경 방사능 측정에 관한 연구)

  • 박종섭
    • Economic and Environmental Geology
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    • v.32 no.3
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    • pp.273-280
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    • 1999
  • In order to protect inhabitans' health and to collect data for prediction of the effcts from accidental emission of rasioactive materials from nuclear power plant, exposed dose rate be monitored within the limit dose rate. This research was carried out to investigate the accumulation of environmental radioactivity around Younggwang Nuclear Power Plant, and to infer and in infer and assay the additional exposed dose rate of inhabitants in Younggwang site from the operation of nuclear plant operation. External radiation dose rate, radiation environmental samples, and exposed dose rate of inhabitants in Younggwang site were investigated for estimaing environment activity in the vicinity of the nuclear power plant area. For the external radiation dose rate, the result showed that range of normal variation was found and any artificial radioisotope was not deteted in the analysis of environmental samples. Exposed dose rate of inhabitants was lower than 0.4% of the limit value of ICRP and it may be concluded that there was no effect on inhabitants and environment from the operation of nuclear power plant.

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Preliminary Economic Analysis based on Optimization of Green Ammonia Plant Configuration in the Middle East for Import into Korea

  • Hyun-Chang Shin;Hak-Soo Mok;Woo-Hyun Son
    • Journal of the Korean Society of Industry Convergence
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    • v.27 no.2_1
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    • pp.277-285
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    • 2024
  • Hydrogen is considered a key energy source to achieve carbon neutrality through the global goal of 'net zero'. Due to limitations in producing green hydrogen domestically, Korean companies are interested in importing green hydrogen produced overseas. The Middle East has high-quality solar energy resources and is attracting attention as a region producing green hydrogen using renewable energy. To build a green ammonia plant, optimization of the production facility configuration and economic feasibility analysis are required. It is expected that it will contribute to reviewing the economic feasibility of constructing overseas hydrogen production plants through preliminary economic feasibility analysis.

Determination of Economic Injury Levels (EILs) and Control Thresholds (CTs) of Aphis egomae (Hom.: Aphididae) in Green Perilla (들깨진딧물의 경제적 피해수준과 요방제수준 설정에 관한 연구)

  • Choi, Yong-Seok;Park, Deok-Gi;Han, Ik-Soo;Choe, Kwang-Ryul
    • Korean journal of applied entomology
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    • v.45 no.3 s.144
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    • pp.317-325
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    • 2006
  • According to the preceding survey on insect pests of the green perilla, Perilla frutescens var. japonica HARA, The major pests were Aphis egomae Shinji, Pyrausta panopealis (Walker), Tetranychus urticae Koch, Polyphagotarsonemus lotus Banks, Tetranychus kanzawai Kishida at Guemsan, Chungnam, 2004. Aphis egomae causes nearly 100% injury of the green perilla in uncontrolled green houses. A field study was conducted to estimate economic injury levels (EILs) and control thresholds (CTs) for A. egomae injuring green perilla in green houses. Different densities of A. egomae ranged from 1 to 80 aphids per 100 plants in early inoculation. The mean injurying rate of plant was 2.4% to 40.5% at the end of June at differently inoculated levels. The economic loss time calculated by the ratio of cost managing aphid to market price (C/V) (C: cost managing aphid, V: Market price) in early season (from May to 13. June) was 5.8% and in peak season (from 13. June to 30. June) was 9.3%. Economic injury level in early and peak season was 5.3 aphids per plant and economic injury levels in peak season were 0.6 aphids per plant and 7.6% injured rate of plant. The control thresholds calculated by 80% level of economic injury level in peak season were 0.5aphids per plant and 6.1% injury rate of plant, respectively.

Economic Analysis on the Automation System of the Cultivation Process in the Plant Factory (식물공장 재배 공정 자동화 시스템의 경제성 분석)

  • Jung, Mincheol;Kim, Handon;Kim, Jimin;Choi, Jeongmin;Jang, Hyounseung;Jo, Soun
    • Korean Journal of Construction Engineering and Management
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    • v.23 no.4
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    • pp.57-64
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    • 2022
  • A plant factory is a facility that creates an artificial environment in a controlled space and produces plants systematically through automated facilities. However, automation in the cultivation process is insufficient compared to the internal environment control technology in plant factories. This causes the problem of an increase in operating costs due to the input of a large number of workers. Therefore, this study aims to evaluate economic feasibility by comparing before and after introducing automation in the cultivation process of plant factories. The target plant factory to be analyzed was selected, and the break-even point analysis method was used by comparing the cost required compared to the operating period. As a result, the break-even point was analyzed to be 3.4 years when automation was introduced into six processes for plant cultivation. Therefore, it can be judged that the introduction of automation is excellent in terms of economic feasibility when the target plant factory has been operated for more than 3.4 years. This study is expected to be used as basic data to analyze the economic feasibility of introducing automation in domestic and foreign plant factories.

Economic Feasibility Analysis of Building Seonam Biogas Combined Heat and Power Plant (서남 바이오가스 열병합발전 시설 건립의 경제적 타당성 분석)

  • Park, So-Yeon;Shin, Hyun-Ho;Yoo, Seung-Hoon
    • Journal of Energy Engineering
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    • v.25 no.4
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    • pp.141-151
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    • 2016
  • Recently, technology for energy recovery from waste has been increasing interest globally including the Korea. In Korea, we have interested in using biogas generated from the sewage treatment process. As one alternative, there are operating biogas combined heat and power plant. The generation amount of the Sewage Sludge are expected to grow in the future. For this reason, total processing cost of Sewage Sludge will increase. To solve this problem, it seems will be invested with the expansion of facilities that use biogas as energy. Therefore, quantitative information on such facilities is required. Thus, this study attempts to economic feasibility analysis for Seonam Biogas Combined Heat and Power Plant. Meanwhile, as the benefit items for economic feasibility analysis consider electricity supply benefit except for heat supply benefit. The average prices of electricity use were residence 123.69, commercial 130.46, and industry 102.59 won per kWh for the year 2015, In addition, the economic benefit are calculated to be residence 310.21, commercial 378.49, and industry 222.87 won per kWh. The results of economic feasibility analysis is NPV 72.18 billion won, B/C 1.90, IRR 37%, shows that economic validity of Seonam Biogas Combined Heat and Power Plant.

A Research the Optimal Plant Life Cycle using Case Study (사례를 통한 최적 라이프 사이클에 관한 연구)

  • 심종칠;김창은;고용해
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.18 no.34
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    • pp.83-89
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    • 1995
  • We call as plant life cycle the process starting from plant plan, design to disuse by way of construction, operation, but the plant facility inside it comes to changes of cope with various inner factor like blazing phenomenon and outer factor according to economic state. On the presumption of these factors, the problem is brought about how plant should be managed, this study attempt to suggest the conservation management through economic evaluation in investment design and alternative, that is, methodology connecting that of economical efficiency evaluation based on LCC(Life Cycle Costing) thinking method and facility management with that of life prediction.

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The Cognitive and Economic Value of a Nuclear Power Plant in Korea

  • Lim, Gil-Hwan;Jung, Woo-Jin;Kim, Tae-Hwan;Lee, Sang-Yong Tom
    • Nuclear Engineering and Technology
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    • v.49 no.3
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    • pp.609-620
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    • 2017
  • We studied the value of a nuclear power plant by considering Koreans' willingness to pay (WTP) for neutralizing the various problems caused by building and operating a new plant. For this, we used a conjoint analysis and ordered logistic regression. We then compared the WTP estimates between various segment groups. The results revealed that each household was willing to pay an additional 99,677 Korean Won (KRW)/mo on average to resolve the negative impacts from a nuclear plant. Therefore, the yearly cognitive and economic value of a nuclear plant in Korea was about 19 trillion KRW. Through a segment analysis, we found that the more educated, younger, and poorer groups gave higher cognitive values than the less educated, older, and richer groups, respectively. Also, people who lived far from a plant gave higher values than people living near a plant, and people with more knowledge about or interest in nuclear energy gave higher values than people with less knowledge or interest. People who felt that nuclear energy is necessary gave higher values to nuclear energy than those who did not. Our results can be used as bases to set targets for promoting nuclear energy and pursuing a national project of building a nuclear power plant.