• Journal of Energy Engineering
• /
• v.25 no.4
• /
• pp.37-52
• /
• 2016

This study attempts to compare the role of the oil refinery industry in the Korean and Japanese national economy using an inter-industry analysis. First of all, the study conducts a comparative analysis on production-inducing effects and value-added creation effects of the oil refinery industry based on demand-driven model. Moreover, we investigate the supply shortage effects and sectoral pervasive effects of price change by using supply-driven model and Leontief price model, respectively. These analyses have been done by specifying the oil refinery industry as not endogenous but exogenous. The results show that1 won of production or investment in the oil refinery industry induces 0.2620 won and 0.6537 won of production in other industries of Korea and Japan, respectively. The former is less than the latter. It also creates 0.0946 won and 0.0536 won of value-added in other industries of Korea and Japan, respectively. The first is larger than the second. The effects of 1 won of supply shortage in oil refinery industry on other industries are computed to be 0.9657 won and 1.4476 won for Korea and Japan, respectively, and thus the former is smaller than the latter. Finally, the pervasive effects of 10% price change in oil refinery industry are estimated to be 0.3819% and 0.3409% in Korea and Japan, respectively, and thus the first is larger than the second.

• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.6
• /
• pp.145-155
• /
• 2020

This study analyzes the degree of competition in the oil refinery market in Korea, which is considered an oligopoly market. The price of gasoline and diesel and the quantity of supply are used to identify the market competition. We also analyze whether the oil tax reduction policy has affected market competition. The competitiveness of the market was examined using monthly data from 2008 to 2019. Bresnahan-Lau method was employed to estimate the degree of competition in the oil refinery market, which is frequently used in the industrial studies. The analysis shows that the gasoline and diesel markets seem close to a perfect competitive market. Also, the tax cut has weakened market competition. In other words, the monopolistic power has increased in the market, so consumers have not benefit from the price cuts as much as tax cuts. Although the oil refinery market where four major companies are competing, the government's monitoring and price disclosure system help the market to be highly competitive as much as a perfect competition market. The tax cut, in the high oil price era, has a negative effect on the competition because of an information asymmetry about the price-setting process between suppliers and consumers.

• Journal of Korean Society for Atmospheric Environment
• /
• v.24 no.2
• /
• pp.229-237
• /
• 2008

Hazardous air pollutants emitted from the oil refinery plant were surveyed from 1993 US and 2005 Korean TRI data. Toluene, xylene, methanol, MTBE and n-hexane, relatively large in amount of fugitive emission, are considered as candidates of newly designated HAPs in Korea. The sealed oil pump, one of equipments among fugitive sources in the crude oil distillation tower was examined for the estimation of amounts of annual HAPs emissions according to several calculation methods using registered emission factors. Emission rates showed to be decreased with following calculation factors; average emission factor>pegged emission factor>concentration emission factor>correlation equation. Annual emission amounts of benzene, toluene, xylene. ethyl benzene and nhexane from the distillation tower were estimated and amounts of these HAPs calculated with TVOC concentrations obtained from LDAR program and correlation equations showed only 6% of those from using concentration factors.

• Journal of the Korea Safety Management & Science
• /
• v.23 no.2
• /
• pp.19-24
• /
• 2021

The petroleum refinery industry handles a variety of complex chemical substances and employs a large number of people around the world. According to previous research, diseases caused by exposure to chemicals were quite common among workers in refineries until the 1980s. More recently, it is unusual for oil refinery workers to suffer from these serious diseases. The objective of this study was to identify the occurrence level of general diseases and any differences in lifestyle habits of workers in refineries in Korea compared with the general population. In this study, we used the results of health examinations from 2014 for workers at a large oil refinery in South Korea. In addition, based on the results of KNHANES from 2014 as representative of the population, hypertension, diabetes, anemia, hyperlipidemia, liver function abnormality, and kidney function abnormality were calculated using the standardized incidence rate. Hypertension showed a low result with an SIR of less than 1, but a high result in the case of abnormal liver function. The workers' occurrence rates of hypertension, hyperlipidemia, kidney dysfunction, and anemia were lower than those of ordinary salaried employees. however, their occurrence rate for abnormal liver function was markedly higher. In lifestyle habits, the smoking rate of workers was low while the alcohol consumption rate was quite high. This study has improved the understanding of the health status of workers in a large oil refinery in Korea, and has shown the impact of lifestyle habits related to the work environment on chronic diseases.

• 한국연소학회:학술대회논문집
• /
• 2014.11a
• /
• pp.255-257
• /
• 2014

The installation of light oil facilities or delayed cokers seems to be inevitable in the oil refinery industry due to the heavy crude oil reserves and the increased use of light fuels as petroleum products. Petroleum coke is a byproduct of oil refineries and it has higher fixed carbon content, higher calorific value, and lower ash content than coal. However, its sulfur content and heavy metal content are higher than coal. In spite of disadvantages, petroleum coke might be one of promising resources due to gasification processes. The gasification of petroleum coke can improve economic value of oil refinery industries by handling cheap, toxic wastes in an environment-friendly way. In this study, $CO_2$ gasification reaction kinetics of petroleum coke, various coals and mixing coal with petroleum coke have investigated and been compared by using TGA. The kinetics of $CO_2$ gasification has been performed with petroleum coke, 3 kinds of bituminous coal [BENGALLA, White Haven, TALDINSKY], and 3 kinds of sub-bituminous coal [KPU, LG, MSJ] at various temperature[$1100-1400^{\circ}C$].

• Proceedings of the Korean Society of Marine Engineers Conference
• /
• 2006.06a
• /
• pp.145-146
• /
• 2006

The main objective of this research is to develop a system which will provide a more efficient fuel saying measure for the current marine products industry situation caused by the increased cost of oil. For that function, the developed system has been verified using the medium of blending oil known as the MF 30 class. As a result, MF 30 was confirmed meeting the International Standard for NOx emissions and content of Sulfur. Oil composition and soot level analysis showed that it is acceptable to use MF 30 class in condition of proper engine running operation and pre-refinery treatment.

• Journal of Korean Society of Industrial and Systems Engineering
• /
• v.12 no.20
• /
• pp.55-61
• /
• 1989

The main contribution this research is the development of methodology which is capable of solving problems associated with the capacity expansion and operating schedule of energy industries. The principal concern of such industries is the proper allocation of primary energy which are required for the production of sufficient supply of electricity and petroleum products for the Korea`s energy needs. Nonlinear programming models are developed for power generation expansion planning and for the oil refinery industry. In order to deal with uncertainties about future demands for final energy, chance-constrained programming is used to formulate appropriate constraints. The methodology of the model can be used to evaluate Korean energy and expansion planning in the energy industry, especially the electric power generation industry and the refinery industry.

• Journal of Institute of Convergence Technology
• /
• v.11 no.1
• /
• pp.13-18
• /
• 2021

It is widely accepted that the prevention of global warming requires significant reductions in greenhouse gases, particularly CO₂ emissions. Although fossil fuel-based power plants account for the majority of CO₂ emissions, it is urgent to reduce CO₂ emissions in industries that emit large amounts of CO₂ such as steel, petrochemical, and oil refining. This paper examines the current status of CO₂ emission in the domestic oil refining industry and CO₂ emission sources in each unit process in the oil refining industry. Focusing on the previously developed CO₂ capture process, cases and applicability of greenhouse gas reduction in FCC and hydrogen manufacturing processes, which are major processes constituting the oil refining industry, are reviewed.

• Journal of Advanced Marine Engineering and Technology
• /
• v.32 no.7
• /
• pp.1080-1088
• /
• 2008

This paper addresses some concerns faced by the shipping industry nowadays. Initially, the environmental issues were resolved and stricter regulations are now being implemented with regards to the exhaust gas, specifically nitrogen oxides (NOx) and sulfur oxides (SOx), emitted from ships. Secondly, with the increasing and unstable cost of fuel oils in the world market, it has become almost a necessity to explore on a new alternative fuel. Hence, this study was conducted. An experiment was carried-out on a fishing survey vessel with the main engine (M/E) and generator engine (G/E) operated on expensive marine gas oil (MGO). During the experiment, two pre-refinery systems were installed and different fuel oil samples were employed for the M/E and the G/E. Furthermore, the NOx emission and soot concentration were monitored and verified. The results confirmed the compatibility of some fuel oil types to the engines and meeting the emission standards. MDO, MF15 and Bunker A can be used in place of MGO for the engines(M/E, G/E).

• Journal of Energy Engineering
• /
• v.24 no.3
• /
• pp.164-172
• /
• 2015

As the petroleum products produced from the Oil refinery industry (ORI), a national key industry in Korea, are supplied to other industries as an intermediate goods, the supply shortage of ORI has a large impact on the national economy. This paper attempts to analyze the supply shortage effects which are defined as the negative impact of one won of supply failure in the ORI on the production of other industries. To this end, an inter-industry analysis using an input-output (I-O) table describing inter-industry flow of intermediate goods is applied. More concretely, the supply-driven model is employed over the period 1990-2012. In addition, the results are compared with those for shipbuilding, semiconductor, and steel industries. The results show that the supply shortage effects are computed to be 0.9205 won when using 2012 I-O table. More specifically, the supply shortage effects on chemical products and transportation industries are computed to be 0.2113 and 0.1140, which are relatively large, The supply shortage effect of ORI is smaller than that of steel industry (1.4131 won), but larger than that of shipbuilding industry (0.0586 won) and that of semiconductor industry (0.1111 won).