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Economic Evaluations for the Carbon Dioxide-involved Production of High-value Chemicals
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  • Journal title : Korean Chemical Engineering Research
  • Volume 52, Issue 3,  2014, pp.347-354
  • Publisher : The Korean Institute of Chemical Engineers
  • DOI : 10.9713/kcer.2014.52.3.347
 Title & Authors
Economic Evaluations for the Carbon Dioxide-involved Production of High-value Chemicals
Lee, Ji Hyun; Lee, Dong Woog; Gyu, Jang Se; Kwak, No-Sang; Lee, In Young; Jang, Kyung Ryoung; Choi, Jong Shin; Shim, Jae-Goo;
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Economic evaluation of the manufacturing technology of high-value chemicals through the carbonation reaction of carbon dioxide contained in the flue gas was performed, and analysis of the IRR (Internal Rate of Return) and whole profit along the production plan of the final product was conducted. Through a carbonation reaction with sodium hydroxide that is generated from electrolysis and by using carbon dioxide in the combustion gas that is generated in the power plant, it is possible to get a high value products such as sodium bicarbonate compound and also to reduce the carbon dioxide emission simultaneously. The IRR (Internal Rate of Return) and NPV (Net Present Value) methods were used for the economic evaluation of the process which could handle carbon dioxide of 100 tons per day in the period of the 20 years of plant operation. The results of economic evaluation showed that the IRR of baseline case of technology was 67.2% and the profit that obtained during the whole operation period (20 years) was 346,922 million won based on NPV value. When considering ETS due to the emissions trading enforcement that will be activated in 2015, the NPV was improved to a 6,000 million won. Based on this results, it could be concluded that this carbonation technology is an cost-effective technology option for the reduction of greenhouse gas.
Capture;Chemical Absorption;Economic Evaluation; Carbonation;
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