• Title/Summary/Keyword: energy resource development

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A Valuation for Gas Hydrate R&D Project Using Fuzzy Real Options Model (퍼지실물옵션모형을 이용한 가스하이드레이트 R&D 사업의 가치평가)

  • Yun, Ga-Hye;Heo, Eunnyeong
    • Environmental and Resource Economics Review
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    • v.18 no.2
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    • pp.217-239
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    • 2009
  • As gas hydrate is recently emerging as a new energy source to solve environmental and exhaustion problems caused by fossil energy, Korea is working on a gas hydrate development project under a 10-year plan from 2005 to 2014. Gas hydrate is expected to have a big effect on the economy and society of Korea, which is largely depending on energy imports besides water energy and atomic energy. However, it is uncertain whether the project will produce successful results. Thus, it is very important to improve its validity and to propose effective execution strategies by evaluating the value of the project in advance. Thus, this study intended to include new information, which had not been evaluated in existing methods, and to reduce biases or errors in value evaluation results by applying a fuzzy risk analysis to the real option model in order to evaluate the value of a gas hydrate development project. It is advantageous that the real option model based on the fuzzy risk analysis modelizes the vagueness and inexactness of intangible element judgment into an appropriate language scale so as to evaluate these elements clearly and integrate them with estimated financial performance results. The application of the fuzzy risk analysis makes it possible to conduct an analysis by dissolving a decision-making issue with complicated and various attributes into several simplified problems. With the continuing high oil prices and today's demand of clean energy, the necessity of energy resources and technology development projects keeps growing. Amid this situation, it is expected that these study results will contribute to proposing a guideline not only for gas hydrate projects but also for policy decision-making related to future energy industries.

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Conceptual Principles of the Transformation of Industrial Parks into Eco-Industrial Ones in the Conditions of Sustainable Development

  • Shevchuk, Nataliia;Tulchynska, Svitlana;Severyn-Mrachkovska, Liudmyla;Pidlisna, Olena;Kryshtopa, Iryna
    • International Journal of Computer Science & Network Security
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    • v.21 no.12
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    • pp.349-355
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    • 2021
  • The article investigates the conceptual principles of transformation of industrial parks into eco-industrial ones in the conditions of sustainable development. It is substantiated that the concept of sustainable development in the transformation of industrial parks is to grow industry and jobs, modernize production and introduce innovative technologies, resource and energy efficiency, reduce greenhouse gas emissions and waste storage, social protection of local communities and create favorable infrastructure. It is determined that for the transformation of industrial parks, it is necessary to improve regulatory changes, introduce criteria for compliance of industrial parks and the importance of their consideration, ensure park management by the management company and create favorable incentives for industrial entry into industrial symbiosis. It is proved that industrial parks can be an incentive for industrial development and competitiveness of enterprises. The availability of talented human capital, attractive territories, minerals, energy and mineral resources, developed domestic market, agricultural potential, transport networks is becoming an attractive place for investment and development. Industrial parks need investment. Transformation into eco-industrial parks through the implementation of sustainable development goals opens additional opportunities for access to investment funds and contributes to the implementation of growth and prosperity strategies of the country.

Innovation and Future Skills Needs-Green Car (기술혁신과 미래숙련수요 대응-그린카 발전을 중심으로)

  • Hwang, Gyu-Hee;Lee, Joong-Man
    • Journal of Korea Technology Innovation Society
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    • v.13 no.3
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    • pp.399-422
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    • 2010
  • Global expansion of regulation for carbon emission has brought new industrial regulations and trade barriers while the global economy is promoting economic stimulus through a variety of green investments such as renewable energy development, energy efficiency increase, and environmental improvement simultaneously. Korean government is trying to seek a new opportunity to grow through green investment in this change of business environment and businesses are facing the transition to low-carbon and eco-friendly structure for their survival. It is promoting not only industry structure changes and conversion but also demanding changes of workforce composition and requirement skills. In response to convergence of green economy, manpower development for future skills needs is provided the main impetus for response as well as promotion green growth. This study will analyze human resource development plan due to future skills needs emphasizing on automative industry. Also the study will be researched on the problems of present curriculum of undergraduate and look for improvements tasks. Upon the result, promotion plans for human resource development in other sectors of green car in response to future skills needs in green growth can be found.

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A Study on the Development Strategy of Offshore Oil Resource in China (중국의 해외 석유자원 개발 전략에 관한 연구)

  • Lee, Choong-Bae;Noh, Jin-Ho
    • International Commerce and Information Review
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    • v.13 no.3
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    • pp.119-142
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    • 2011
  • Competitions for secure oil are intense around the world due to the limited oil reserves. The situations are becoming more serious as China has participated in the competition. This paper aims to investigate China's offshore oil development strategies to balance the supply and demand of oil and then suggest its policy implications. A surging increase of oil demand due to the rapid economic growth as well as the stagnation in domestic oil output has turned China into a net oil importer since 1993. Therefore, China has placed a significant priority on securing long-term stability of its offshore oil to cope with the rapid growing demand. It has taken a variety of strategies to secure stable oil resource such as development of offshore oil resource, increasing the number of oil importing countries. China with the highest foreign exchange reserve of approximately $3 trillion as of 2010, has considered to employ foreign exchange reserves while making a huge amount of investment to secure oil resource. China has pursued several policies such as loan to oil production country for securing oil, foreign direct investment on offshore oil development, M&A of oil exploration and production companies and geographical diversification of oil importing countries. China has promoted offensive strategies for securing oil resource rather than cooperation with other countries. Thus, China should find a trade-off point for recovering relationship with international society while developing and investing renewable energy for long-term future. It will also address some implications for Korea, which has to prepare new strategies of overseas oil development.

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Identifying Potential Industrial Symbiosis through GIS Based Resource Circulation Information (GIS 기반 자원순환정보 구축을 통한 잠재적 산업공생관계 파악 연구)

  • Chung, Hyun-Wook;Park, Sun-Hyung;Kim, Jung-Hoon;Lee, Sang-Yoon;Park, Hung-Suck;Kwon, Chang-Ki
    • Journal of the Korean Association of Geographic Information Studies
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    • v.13 no.3
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    • pp.74-90
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    • 2010
  • The objectives of this paper are to introduce the GIS based resource circulation information, and to identify additional(or potential) industrial symbiosis based on existing industrial symbiosis and linkage-pair of industry by material. The resource circulation information contains information of the reuse of materials, water, and energy for all manufacturing companies in Ulsan Metropolitan City. The information can further be classified into the three steps -- input information(raw materials), flow information (products), and output information (by-products). The survey data from 3,768 industries and institutions in Ulsan Metropolitan area were collected and built into the GIS to analyze the mechanism of the industrial symbiosis. The results of this study strongly suggest that there are some additional industrial symbioses using by-products(materials, steam, waste water) and further efforts should be given to make them more effective. We expect that the methodology of building the resource circulation information of this study can be helpful to other local governments that try to build similar system.

Assessment of the Impacts of Rice Self-sufficiency on National Rresources in Korea through Water-Energy-Food-Land Nexus Approach (물-에너지-식량-토지 넥서스를 통한 미래 쌀 수급 변화에 따른 자원별 이용량 변화 분석)

  • Lee, Sang-Hyun;Choi, Jin-Yong;Yoo, Seung-Hwan;Hur, Seung-Oh
    • Journal of The Korean Society of Agricultural Engineers
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    • v.60 no.4
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    • pp.93-103
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    • 2018
  • The aim of this study is to apply the Water-Energy-Food-Land Nexus approach which can analyze the trade-offs among resources, and assess the holistic impacts of food security. First, we applied rice as a study crop and analyzed the trend of consumption of rice and the area of paddy fields. Second, the portfolios of water, energy, and land for rice production were constructed using data of footprints and productivity. Finally, the self-sufficiency ratio (SSR) of rice in target year was set as food security scenario and assessed the impacts of food security on water, energy, and land availability. In 2030, the SSR of rice decreased to 87 %, and water use for producing rice decreased from 4,728 to $3,350million\;m^3$, and the water availability index increased from 0.33 to 0.53. However, food security is essential issue and we set the 50 % and 100 % SSR of rice as high and low food security scenarios. For 100% SSR in 2030, about $3,508million\;m^3$ water was required and water availability index reached to 0.5. In other words, there is the trade-off between food security and water-energy-lands availability. Therefore, it is difficult to make a decision whether a high level of SSR is better or worse. However, this study showed the both positive and negative impacts by change of food security and it can be useful for setting the policy decision considering both food security and sustainable resource management at the same time.

A Basic Study on the Development of Oily Sludge Treatment System by Ultrasonic Waves (초음파 오일 스러지 처리 시스템 개발을 위한 기초 연구)

  • 이은방
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.6 no.1
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    • pp.57-67
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    • 2000
  • All crude oil carries a little of water, sand, and mineral sediment molecules tightly bounded with hydrocarbons. The result is the gradual precipitation of these heavier elements into thick, granular petroleum by products known as crude oil sludge. The oily sludges in ship tanks and in storage facilities have to be treated efficiently in order to keep the security and the capacity of storage facilities, to protect a serious environmental pollution, and to retrieve lost resource. The oily sludge treatment system should be designed to satisfy requirements mentioned in safe work condition. As a basic study, in this paper, an oily sludge treatment system by ultrasonic waves was proposed. Then, the features of ultrasonic energy and recovery of sludge with ultrasonic waves are investigated by experiments. As results, we found that ultrasonic waves are a new energy to flow oil sludge environment-friendly in safe work condition. In addition, it was shown that ultrasonic energy is more efficient than thermal energy in treating oil sludge, and that the volume of wastes for disposal is reduced remarkably.

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The Seasonal Characteristics of the Wind Resource Distribution on the Korean Peninsula (한반도 풍력 자원 분포의 계절별 특성)

  • Lee, Hwa-Woon;Kim, Min-Jung;Lee, Soon-Hwan;Kim, Dong-Hyeuk;Kim, Hyun-Goo
    • 한국신재생에너지학회:학술대회논문집
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    • 2008.10a
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    • pp.347-348
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    • 2008
  • Wind energy issued as most spotlight general energy by excellence of actuality as well as economical efficiency, solving environmental problem which caused by creating the energy and possibility of eternal production. Accordingly, government is at the stage of corresponding level by requesting development of new technology to the developed countries as a part of national key industries. The grievous situation from such a rapid movement is meteorological comprehension and assessment as well as the problem of estimation exactness about the wind. In this study, numerical simulation from the MM5 is counducted for 3km resolution and data assimilation using QuikSCAT seawinds data is applied.

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Analysis of Annual System Operating Characteristics at Hangwon Wind Farm on Jeju Island (제주 행원 풍력발전단지의 연도별 시스템 운전특성 분석)

  • Ko, Kyung-Nam;Kang, Mun-Jong;Huh, Jong-Chul
    • Journal of the Korean Solar Energy Society
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    • v.28 no.2
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    • pp.42-49
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    • 2008
  • 제주 행원 풍력발전단지 내의 풍력발전시스템을 대상으로 연도별 풍력발전시스템의 운전특성과 고장원인이 분석되었다. 이용된 데이터는 2005년과 2006년 4월에서 9월 사이의 기상데이터와 풍력발전기의 운전데이터이다. 그 결과, 풍력자원은 해에 따라 변동이 있음을 확인할 수 있었고, 풍력발전기의 발전량 역시 해에 따라 변동함을 알 수 있었다. 또한 풍력발전기의 고장 또는 정지로 인하여 발전량이 떨어지고 있음을 확인하였고, 후류로 인한 발전량 손실도 추정할 수 있었다. 같은 해에 풍력발전기 1, 2호기를 운전 개시하였지만, 고장 또는 정지원인은 일관성이 없이 다양함을 알 수 있었다. 이 연구에서 시스템이 가장 많은 시간동안 정지한 원인은 기어박스와 요잉장치의 고장으로 분석되었다.

Assesment of the industrial Wood Waste Disposal Cost through Analysis of the Treatment Flow (사업장계 폐목재의 흐름 분석을 통한 처리비용영향 검토)

  • Kim, Jaenam;Kim, Sujin;Phae, Chaegun
    • Journal of the Korea Organic Resources Recycling Association
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    • v.20 no.3
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    • pp.34-40
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    • 2012
  • This research has looked into the treatment process of wood waste generated from industrial waste within the region and in order to modify the problem that may occurred during the mass balance were analyzed for development of suitable solid waste recycling network regionally. As as result, quite amount of wood waste are being transferred to another region, even though a treatment facility's capacity could bear the total amount of waste generated within the area. Although the wood waste could be treated locally, it is analyzed that amount of wood waste are being transferred due to inefficient and irrational processing system between regions. It is assumed that $CO_2$ generated and loss of unnecessary fuel cost from these inefficient system is quite a lot and in order to modify this disorganized system, it will not inevitable to treat the waste based on the characteristics of each regions. Also, the wood waste recycling system should be studied with the efficient, environmental friendly processing and delivering network by minimized transfer distance and local systemizing the waste treatment system.