• Journal of the Korean Applied Science and Technology
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• v.32 no.3
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• pp.588-598
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• 2015

Recently, the government is actively promoting the RFS(Renewable Fuel Standards) and RPS(Renewable Portfolio Standards). Therefore, the importance of renewable energy fuel is being highlighted more than ever. Now is the time required active research in Korea. Since power bio-fuel oil demonstration project is underway dissemination to meet RPS quota. In this study, we investigated emission performance to make the performance standard draft of bio-fuel oil. In addition, the quality properties of the fuel oil and bio-oil, and after combustion in industrial boilers and compared the amount of exhaust gas. It was reduced emissions of bio-oil in industrial boilers due to bio-fuel properties as compare with fuel oil.

• Journal of the Korean Applied Science and Technology
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• v.31 no.4
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• pp.562-571
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• 2014

In these days, many countries carry out many renewable energy policies to increase the renewable energy portion and to reduce the GHG(Green House Gas). In Korea, RPS(Renewable Portfolio Standards) focused on over 500MW power producers is conducting. And they are using the bio-fuel oil to meet their RPS quota. The oil is a mixture of animal and vegetable fat or fatty acid ester of them and should satisfy some specifications to use the power generation such as viscosity, pour point, acid number. Depends on the raw materials, quality characteristics of power bio-fuel oil are changed. By adding the power bio-fuel oil, pour point, density, sulfur content and viscosity are decreased and acid number, iodine number, oxygen content are increased. In this study, we test the quality characteristic of power bio-fuel oil and the property changes by the blending ratio of power bio-fuel oil & conventional fuel oil.

• Journal of the Korean Applied Science and Technology
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• v.32 no.1
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• pp.136-147
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• 2015

As it carry out RPS(Renewable Portfolio Standards), power producers are using the power bio-fuel oil to meet their RPS quota. In this study, we test the quality characteristics of raw materials for power bio-fuel oil and the property changes of power bio-fuel oil by the kind of feedstocks. The power bio-fuel oil and feedstocks were analyzed for item of quality standard such as acid number, viscosity and metal contents. And it was analyzed for composition distribution by FT-IT and HPLC. Such as low priced palm oil series has high acid number and ash contents due to high free-fatty acid and metal contents. And by-product of biodiesel have a tendency of high viscosity. The fuel properties of power bio-fuel oil, such as viscosity, acid number and metal contents are correlated with the constituent and the mixing ratio of the feedstocks.

• Environmental and Resource Economics Review
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• v.23 no.3
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• pp.515-551
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• 2014

Recently, there has been a debate as to whether bioethanol should replace some portion of gasoline for fuels in South Korea, as energy security as well as climate change issues are rising as a significant national agenda. However, a considerable amount of subsidy will be required to compensate for the higher price of bioethanol-blended gasoline. In this context, government subsidy will obtain justification only when the positive social gains from consuming bioethanol for fuels can exceed the negative social costs. Through a nation-wide choice experimental survey, we examine if South Koreans have a positive value as well as non-linear preferences on substituting bioethanol for gasoline. The results reveal that the willingness to pay for purely domestic bioethanol-blended gasoline within 10% is about 52 KRW; Koreans have concave preferences on the blending ratio of bioethanol to gasoline. The turning point of the blending ratio of bioethanol was 6.5%. Also, we found inverse U-shaped curve between income and bioethanol choice probability and the turning point of the income was calculated as 250~299million KRW. Politically conservative propensity advocates uses of bioethanol blended gasoline, but awareness on bioethanol or more weights on environmental conservation have significantly negative effects on the choice of bioethanol. However, the design of the survey questionnaire is incompatible with the RFS of Korea and assumes orthogonality among the following four interrelated attributes: (i) domestic or offshore procurement of feedstocks in the case of domestic production, (ii) domestic production or import of bioethanol, (iii) the blending ratios, and (iv) the retail price increases. In addition, the results of model estimation and of model selection test are not definite. Hence, the results in this study should not be directly applied to the design of the specifics of the Korean RFS. Hence, the results in this study require cautions in applying to the design of the Korean RFS policy.

• Plant Journal
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• v.12 no.3
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• pp.39-45
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• 2016

Each of fuel consumption per hour was measured at the 320 MW and 380 MW generator output while changing mixing ratio of bio fuel oil to 50%, 80% and 100%. Fuel consumption per hour was increased from 11.0% to 20.4% as mixing ratio of bio fuel oil was changed from 50% to 100% at the 320 MW generator output comparing with fuel consumption per hour in case of bunker-C oil single firing. Fuel consumption per hour was also increased from 12.0% to 21.1% as mixing ratio of bio fuel oil was changed from 50% to 100% at the generator output 380 MW. Furthermore, it was confirmed that plant efficiency was decreased as mixing ratio of bio fuel oil was increased from 50% to 100% as a result that plant efficiency was calculated using the measured fuel consumption per hour, the generator output and the gross heating value.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.26 no.5
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• pp.199-205
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• 2014

The integration of FC (Fuel Cell) and GSHP (Ground Source Heat Pump) hybrid system could produce a synergistic advantage in thermal and electric way. This study intends to analyse the economical aspect of a FC integrated GSHP hybrid system compared to the conventional system which is consisted with a boiler and a chiller. Based on the hourly simulation, the study indicated that GSHP system and FC+GSHP hybrid system could reduce the energy consumption on a building. The method of the economic assessment has been based on IEA ECBCS Annex 54 Subtask C SPB(Simple Payback) method. The SPB was calculated using the economic balanced year of the alternative system over the conventional (reference) system. The SPB of the alternative systems (GSHP and FC+GSHP) with 50% initial incentive was 4.06 and 26.73 year respectively while the SPB without initial incentive of systems was 10.71 and 57.76 year.

• Environmental and Resource Economics Review
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• v.31 no.4
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• pp.645-668
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• 2022

Hydrogen energy is emerging as an important means of carbon neutrality in the various sectors including power, transportation, storage, and industrial processes. Fuel cell power plants are the fastest spreading in the hydrogen ecosystem and are one of the key power sources among means of implementing carbon neutrality in 2050. However, high volatility in system marginal price (SMP) and renewable energy certificate (REC) prices, which affect the profits of fuel cell power plants, delay the investment timing and deployment. This study applied the real option methodology to analyze how the dual uncertainties in both SMP and REC prices affect the investment trigger price level in the irreversible investment decision of fuel cell power plants. The analysis is summarized into the following three. First, under the current Renewable Portfolio Standard (RPS), dual price uncertainties passed on to plant owners has significantly increased the investment trigger price relative to one under the deterministic price case. Second, reducing the volatility of REC price by half of the current level caused a significant drop in investment trigger prices and its investment trigger price is similar to one caused by offering one additional REC multiplier. Third, investment trigger price based on gray hydrogen and green hydrogen were analyzed along with the existing byproduct hydrogen-based fuel cells, and in the case of gray hydrogen, economic feasibility were narrowed significantly with green hydrogen when carbon costs were applied. The results of this study suggest that the current RPS system works as an obstacle to the deployment of fuel cell power plants, and policy that provides more stable revenue to plants is needed to build a more cost-effective and stable hydrogen ecosystem.

• Transactions of the Korean hydrogen and new energy society
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• v.28 no.6
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• pp.712-720
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• 2017

As Korean government has activated the renewable portfolio standard (RPS) since 2012, producers have been seeking and using the various renewable resources to meet the RPS quota. One of these efforts, Power Bio-Fuel oil demonstration project is being conducted to check the operability and compatibility with fossil fuel, Fuel oil (B-C) from 2014. The oil is a mixture of vegetable oil and animal fat or fatty acid ester of them and should satisfy some specification to use the power generation. The oil's quality and combustion characteristics are different from conventional oil, Fuel oil (B-C) in current power plant facility. In this study, it was investigated the storage stability and malodor intensity of Bio-Fuel oil.

• Journal of the Korean Applied Science and Technology
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• v.35 no.4
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• pp.1349-1358
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• 2018

In addition to responding to the environmental pollution caused by fossil fuels, the enforcement of Renewable Fuel Standard(RFS) system has increased the utilization of renewable energy such as refined fuels oil. The by-product fuel oil(No. 2) and the refined fuel oil(reduced-pressure) are strictly regulated by the domestic legislation and the chemical property changes of the refined fuel oil(reduced-pressure) mixed with the by-product fuel oil(No. 2) were analyzed. As a result of analyzing the physical properties of refined fuel oil(reduced pressure) obtained by mixing 1 : 1 of by-product fuel oil(No. 2), it satisfied the quality standards stipulated by the domestic Enforcement Decree of the Wastes Control Act. However, the results of the additional tests related to the fuel showed a high aromatic content. The high content of aromatic in a fuel is likely to cause the soot and ehaust emission gas during the combustion of the used equipment.

• Journal of the Korean Wood Science and Technology
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• v.42 no.4
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• pp.439-449
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• 2014

RPS (Renewable Portfolio Standard) has increased wood pellet demand dramatically in recent years in Korea where self-supply rate of wood pellet is not more than 10%. However global production capacity of wood pellet is prospected to be unable to meet the global demand after 2020. Therefore it is urgently needed to develop new sustainable biomass energy resources which can replace wood pellet at lower cost. As a result of this study EFB (empty fruit bunch) and MF (mesocarp fiber), the representative solid palm biomass, are estimated to be generated at the rate of 20 and 28 million tons per year (based on 10% moisture content) in Malaysia and Indonesia, respectively in 2012. Total annual generation rate of EFB and MF is estimated as 48 million tons per year only in Malaysia and Indonesia in 2012. With calorific value of over 90% of wood pellet EFB is expected to be a excellent biomass energy resource which can replace wood pellet. EFB can be utilized as fuel for power generation or industrial purpose. However EFB may not be a proper fuel for domestic and greenhouse heating because of its high ash content.