Natural gas in hydrogen production: a cost study

Autor:	Liang-Chih Ma, Nikolaos Kazantzis, Yi Hua Ma
Rok vydání:	2015
Předmět:	Waste management business.industry Context (language use) Investment (macroeconomics) Steam reforming Product (business) General Energy Natural gas Economics Production (economics) Process engineering business Baseline (configuration management) Hydrogen production
Zdroj:	Proceedings of the Institution of Civil Engineers - Energy. 168:61-73
ISSN:	1751-4231 1751-4223
DOI:	10.1680/ener.14.00017
Popis:	A comprehensive economic performance evaluation framework for palladium (Pd)-based industrial-scale catalytic membrane reactor (CMR) modules integrated into hydrogen (H2) production systems (HP-CMR) through methane steam reforming has been developed. The HP-CMR technology option offers a promising pathway towards hydrogen production with enhanced environmental performance in a carbon dioxide-constrained world. Within the above context, this paper develops comprehensive baseline models for total capital investment (TCI) and total product cost (TPC) to evaluate the economic performance of CMRs. Various sources of uncertainty (raw material market prices, labour costs, membrane lifetime and maintenance costs, financing costs, etc.) are recognised and their effect on TCI and TPC is explicitly taken into account using Monte Carlo techniques. As a result, insightful distribution profiles of TCI and TPC are derived rather than single-point value estimates and more realistic distributions of CMR economic performance outcomes are generated. Furthermore, tornado diagrams are developed, establishing the predominant effect of palladium unit price, membrane lifetime and financing interest costs on TCI and TPC.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::094869042977aac1fa3e5e8a5935c0cc https://doi.org/10.1680/ener.14.00017 Zobrazit plný text záznamu