Increasing business value: combined heat and power systems, the way of future or the way now Take the initiative and develop a sustainable strategic approach

Cora, Mario G.; Hung, Yung Tse

doi:10.1504/ijewm.2019.099005

Cited by 1 publication

(2 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Using CHP to generate electricity, the power generation energy is changed from coal to associated petroleum gas, and carbon dioxide emissions are reduced, hence low-carbon benefit is generated (Maurovich-Horvat et al, 2016;Cora et al, 2019).…”

Section: Monetary Quantification Of Low-carbon Benefitmentioning

confidence: 99%

See 1 more Smart Citation

Whether it is economical to use combined heat and power (CHP) system for the efficient utilization of associated petroleum gas in oil extraction sites in China: A cost-benefit analysis considering environmental benefits

Chen

2022

Front. Environ. Sci.

View full text Add to dashboard Cite

The efficient use of associated petroleum gas with combined heat and power (CHP) systems in oil extraction sites has proven to be technically feasible, but its economic inefficiency continues to deter oil companies from using CHP, given that simple fuel cost reductions do not yield significant positive returns in the face of large investments in purchasing and maintaining CHP. This research constructs a cost-benefit analysis model, which includes the monetized environmental benefits generated by CHP. A pilot experiment operated in a certain oilfield in Shandong province shows that the annual difference between the reduction in fuel costs and the investment in purchase and maintenance of CHP is only about ¥210,000 per device. However, when environmental benefits including health benefit and low-carbon benefit are included in the model, the annual environmental benefits of a single equipment update can be about ¥760,000, and the overall annual net benefits will reach about ¥970,000. It is concluded that the application of CHP in oil extraction sites is economically efficient, taking into account the environmental benefit it can produce. The research results will help oil companies use CHP to make more contributions to carbon and air pollutant emission reduction. However, considering that a large number of CHP systems can form a distributed energy structure, the proposed model still has limitations.

show abstract

Section: Monetary Quantification Of Low-carbon Benefitmentioning

confidence: 99%

“…Previous studies have demonstrated that CHP is eco-friendly (Maurovich-Horvat et al, 2016;Perea et al, 2016;Cora et al, 2019). At the same time, China's "Dual Carbon" goals put forward higher requirements for enterprises' contribution to carbon emission reduction (Guo et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Whether it is economical to use combined heat and power (CHP) system for the efficient utilization of associated petroleum gas in oil extraction sites in China: A cost-benefit analysis considering environmental benefits

Chen

2022

Front. Environ. Sci.

View full text Add to dashboard Cite

show abstract

Increasing business value: combined heat and power systems, the way of future or the way now Take the initiative and develop a sustainable strategic approach

Cited by 1 publication

References 0 publications

Whether it is economical to use combined heat and power (CHP) system for the efficient utilization of associated petroleum gas in oil extraction sites in China: A cost-benefit analysis considering environmental benefits

Whether it is economical to use combined heat and power (CHP) system for the efficient utilization of associated petroleum gas in oil extraction sites in China: A cost-benefit analysis considering environmental benefits

Contact Info

Product

Resources

About