Economic Assessment of Heat Exchanger Network Retrofit Options Based on Historical Data of Energy Price Trends

Energy-saving retrofit of industrial plants is one of the vehicles of decarbonisation and the goal of modern society. The retrofit of the heat exchanger network allows saving a large amount of primary energy across units and industrial clusters. Usually, selecting suitable retrofit options is a big...

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Autores principales:	Tatyana Gil, Mariia Ilchenko, Botagoz Kaldybaeva, Anton Mironov, Stanislav Boldyryev
Formato:	article
Lenguaje:	EN
Publicado:	AIDIC Servizi S.r.l. 2021
Materias:	Chemical engineering TP155-156 Computer engineering. Computer hardware TK7885-7895
Acceso en línea:	https://doaj.org/article/865cbd81f526450f92962dfd1c8239ad
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spelling	oai:doaj.org-article:865cbd81f526450f92962dfd1c8239ad2021-11-15T21:48:33ZEconomic Assessment of Heat Exchanger Network Retrofit Options Based on Historical Data of Energy Price Trends10.3303/CET21880572283-9216https://doaj.org/article/865cbd81f526450f92962dfd1c8239ad2021-11-01T00:00:00Zhttps://www.cetjournal.it/index.php/cet/article/view/11850https://doaj.org/toc/2283-9216Energy-saving retrofit of industrial plants is one of the vehicles of decarbonisation and the goal of modern society. The retrofit of the heat exchanger network allows saving a large amount of primary energy across units and industrial clusters. Usually, selecting suitable retrofit options is a big challenge for decision-makers that impacts future plant profit and environmental issues. This research proposes assessing different retrofit options of crude oil distillation unit based on historical data of energy prices. Periods with different energy price trends were analysed, accounting for the retrofitted unit start-up after the first and third year. The impact of energy price dynamics on economic and environmental benefits of different retrofit option was analysed. The sustainability of the most economically beneficial option was assessed across different energy price trends. The overdetermined/lost benefits of all options were calculated, allowing the decision-maker to proceed with the most appropriate one.Tatyana GilMariia IlchenkoBotagoz KaldybaevaAnton MironovStanislav BoldyryevAIDIC Servizi S.r.l.articleChemical engineeringTP155-156Computer engineering. Computer hardwareTK7885-7895ENChemical Engineering Transactions, Vol 88 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Chemical engineering TP155-156 Computer engineering. Computer hardware TK7885-7895
spellingShingle	Chemical engineering TP155-156 Computer engineering. Computer hardware TK7885-7895 Tatyana Gil Mariia Ilchenko Botagoz Kaldybaeva Anton Mironov Stanislav Boldyryev Economic Assessment of Heat Exchanger Network Retrofit Options Based on Historical Data of Energy Price Trends
description	Energy-saving retrofit of industrial plants is one of the vehicles of decarbonisation and the goal of modern society. The retrofit of the heat exchanger network allows saving a large amount of primary energy across units and industrial clusters. Usually, selecting suitable retrofit options is a big challenge for decision-makers that impacts future plant profit and environmental issues. This research proposes assessing different retrofit options of crude oil distillation unit based on historical data of energy prices. Periods with different energy price trends were analysed, accounting for the retrofitted unit start-up after the first and third year. The impact of energy price dynamics on economic and environmental benefits of different retrofit option was analysed. The sustainability of the most economically beneficial option was assessed across different energy price trends. The overdetermined/lost benefits of all options were calculated, allowing the decision-maker to proceed with the most appropriate one.
format	article
author	Tatyana Gil Mariia Ilchenko Botagoz Kaldybaeva Anton Mironov Stanislav Boldyryev
author_facet	Tatyana Gil Mariia Ilchenko Botagoz Kaldybaeva Anton Mironov Stanislav Boldyryev
author_sort	Tatyana Gil
title	Economic Assessment of Heat Exchanger Network Retrofit Options Based on Historical Data of Energy Price Trends
title_short	Economic Assessment of Heat Exchanger Network Retrofit Options Based on Historical Data of Energy Price Trends
title_full	Economic Assessment of Heat Exchanger Network Retrofit Options Based on Historical Data of Energy Price Trends
title_fullStr	Economic Assessment of Heat Exchanger Network Retrofit Options Based on Historical Data of Energy Price Trends
title_full_unstemmed	Economic Assessment of Heat Exchanger Network Retrofit Options Based on Historical Data of Energy Price Trends
title_sort	economic assessment of heat exchanger network retrofit options based on historical data of energy price trends
publisher	AIDIC Servizi S.r.l.
publishDate	2021
url	https://doaj.org/article/865cbd81f526450f92962dfd1c8239ad
work_keys_str_mv	AT tatyanagil economicassessmentofheatexchangernetworkretrofitoptionsbasedonhistoricaldataofenergypricetrends AT mariiailchenko economicassessmentofheatexchangernetworkretrofitoptionsbasedonhistoricaldataofenergypricetrends AT botagozkaldybaeva economicassessmentofheatexchangernetworkretrofitoptionsbasedonhistoricaldataofenergypricetrends AT antonmironov economicassessmentofheatexchangernetworkretrofitoptionsbasedonhistoricaldataofenergypricetrends AT stanislavboldyryev economicassessmentofheatexchangernetworkretrofitoptionsbasedonhistoricaldataofenergypricetrends
_version_	1718426797501054976

Economic Assessment of Heat Exchanger Network Retrofit Options Based on Historical Data of Energy Price Trends

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