This study focuses on the strategies
for process and size selection
of various natural gas liquefaction processes by economic based optimization.
As various types of liquefaction processes can be differentiated by
their energy efficiency and equipment requirements, the energy requirement
and cost of a liquefaction process have to be considered simultaneously
to find the optimal process for a given plant size. Herein, we developed
two mathematical models, i.e., the thermodynamic model and cost model,
based on the unit equipment that were integrated into a profit optimization
model that could be applied to various natural gas liquefaction processes
and plant sizes. In this study, the profit optimization model was
applied to three representative natural gas liquefaction processes:
single mixed refrigerant (SMR), dual mixed refrigerant (DMR), and
propane precooled mixed refrigerant (C3MR) processes. The capacity
of the plants ranged from 1 to 7 million tons per annum (MTPA). As
a result of profit optimization, specific profit portfolios were obtained
and the economical plant size ranges were figured out: 1–2.2
MTPA for the SMR process, 2.2–4 MTPA for the DMR process, and
4–7 MTPA for the C3MR process.