Thermoeconomic analysis and optimization of the small scale power generation and carbon dioxide capture system from liquefied natural gas

In the present study, a new small-scale cryogenic CO2 capture and LNG cold utilization system is investigated through the exergetic and thermoeconomic approaches. During the system operation, the condensed water is obtained as the byproduct. The power generation rate and the exergy efficiency reach...

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Main Authors: Kanbur, Baris Burak, Xiang, Liming, Dubey, Swapnil, Choo, Fook Hoong, Duan, Fei
Other Authors: Interdisciplinary Graduate School (IGS)
Format: Article
Language:English
Published: 2021
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Online Access:https://hdl.handle.net/10356/150777
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-1507772021-06-08T07:35:33Z Thermoeconomic analysis and optimization of the small scale power generation and carbon dioxide capture system from liquefied natural gas Kanbur, Baris Burak Xiang, Liming Dubey, Swapnil Choo, Fook Hoong Duan, Fei Interdisciplinary Graduate School (IGS) School of Mechanical and Aerospace Engineering School of Physical and Mathematical Sciences Energy Research Institute @ NTU (ERI@N) Engineering::Environmental engineering Thermoeconomic Analysis Environmental Analysis In the present study, a new small-scale cryogenic CO2 capture and LNG cold utilization system is investigated through the exergetic and thermoeconomic approaches. During the system operation, the condensed water is obtained as the byproduct. The power generation rate and the exergy efficiency reach their maximum points with 27.29 kW and 28.86% at the lowest air temperature and the highest relative humidity, respectively. The minimum levelized product cost is seen as 13.10 $/s at the maximum air temperature and minimum relative humidity values. The component-based assessments show that the heat exchanger, which condenses the water vapor inside, has the highest exergy destruction ratio with the average share of 52.01% while the highest levelized destruction cost is calculated for the combustion chamber with the average value of 1.21 $/s. Also, the impact of levelized component cost is found more significant than the destruction costs. To define the best trade-off point of the proposed system, the multiobjective optimization is performed by using genetic algorithm. The exergy efficiency and the levelized product cost are selected as the objective functions, and the best trade-off points is observed at the ambient temperature of 304.88 K. To better show the advantage of the proposed design in the real environment, a Singapore case study is conducted, and the highest exergetic efficiency and CO2 capture ratio are seen in December with 3.84 and 25.70%, respectively. On the other hand, the levelized product cost presents its minimum value in May with 14.96 $/s whereas the condensed water rate has the highest rate in May as well. Energy Market Authority (EMA) National Research Foundation (NRF) The work was funded under the Energy Innovation Research Programme (EIRP, Award No. NRF2013EWT-EIRP001-017), administrated by the Energy Market Authority (EMA). The EIRP is a competitive grant call initiative driven by the Energy Innovation Programme Office, and funded by the National Research Foundation (NRF). In addition, we gratefully thank to Dr. Kai Wang, Dr. Lu Qiu, Dr. Chenzhen Ji and Mr. Zhen Qin for their helps on this original study. 2021-06-08T07:35:33Z 2021-06-08T07:35:33Z 2019 Journal Article Kanbur, B. B., Xiang, L., Dubey, S., Choo, F. H. & Duan, F. (2019). Thermoeconomic analysis and optimization of the small scale power generation and carbon dioxide capture system from liquefied natural gas. Energy Conversion and Management, 181, 507-518. https://dx.doi.org/10.1016/j.enconman.2018.11.077 0196-8904 https://hdl.handle.net/10356/150777 10.1016/j.enconman.2018.11.077 2-s2.0-85059030316 181 507 518 en NRF2013EWT-EIRP001-017 Energy Conversion and Management © 2018 Elsevier Ltd. All rights reserved.
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic Engineering::Environmental engineering
Thermoeconomic Analysis
Environmental Analysis
spellingShingle Engineering::Environmental engineering
Thermoeconomic Analysis
Environmental Analysis
Kanbur, Baris Burak
Xiang, Liming
Dubey, Swapnil
Choo, Fook Hoong
Duan, Fei
Thermoeconomic analysis and optimization of the small scale power generation and carbon dioxide capture system from liquefied natural gas
description In the present study, a new small-scale cryogenic CO2 capture and LNG cold utilization system is investigated through the exergetic and thermoeconomic approaches. During the system operation, the condensed water is obtained as the byproduct. The power generation rate and the exergy efficiency reach their maximum points with 27.29 kW and 28.86% at the lowest air temperature and the highest relative humidity, respectively. The minimum levelized product cost is seen as 13.10 $/s at the maximum air temperature and minimum relative humidity values. The component-based assessments show that the heat exchanger, which condenses the water vapor inside, has the highest exergy destruction ratio with the average share of 52.01% while the highest levelized destruction cost is calculated for the combustion chamber with the average value of 1.21 $/s. Also, the impact of levelized component cost is found more significant than the destruction costs. To define the best trade-off point of the proposed system, the multiobjective optimization is performed by using genetic algorithm. The exergy efficiency and the levelized product cost are selected as the objective functions, and the best trade-off points is observed at the ambient temperature of 304.88 K. To better show the advantage of the proposed design in the real environment, a Singapore case study is conducted, and the highest exergetic efficiency and CO2 capture ratio are seen in December with 3.84 and 25.70%, respectively. On the other hand, the levelized product cost presents its minimum value in May with 14.96 $/s whereas the condensed water rate has the highest rate in May as well.
author2 Interdisciplinary Graduate School (IGS)
author_facet Interdisciplinary Graduate School (IGS)
Kanbur, Baris Burak
Xiang, Liming
Dubey, Swapnil
Choo, Fook Hoong
Duan, Fei
format Article
author Kanbur, Baris Burak
Xiang, Liming
Dubey, Swapnil
Choo, Fook Hoong
Duan, Fei
author_sort Kanbur, Baris Burak
title Thermoeconomic analysis and optimization of the small scale power generation and carbon dioxide capture system from liquefied natural gas
title_short Thermoeconomic analysis and optimization of the small scale power generation and carbon dioxide capture system from liquefied natural gas
title_full Thermoeconomic analysis and optimization of the small scale power generation and carbon dioxide capture system from liquefied natural gas
title_fullStr Thermoeconomic analysis and optimization of the small scale power generation and carbon dioxide capture system from liquefied natural gas
title_full_unstemmed Thermoeconomic analysis and optimization of the small scale power generation and carbon dioxide capture system from liquefied natural gas
title_sort thermoeconomic analysis and optimization of the small scale power generation and carbon dioxide capture system from liquefied natural gas
publishDate 2021
url https://hdl.handle.net/10356/150777
_version_ 1702431288894423040