• Title/Summary/Keyword: High Oil Price

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Case Study and Evaluation of Economic Feasibility of Combined Heat and Power System using Woodchip Biomass (우드칩 바이오매스를 이용한 열병합발전 운영 사례 분석)

  • Suh, Gill Young;Kim, Sung Hyun
    • New & Renewable Energy
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    • v.8 no.4
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    • pp.21-29
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    • 2012
  • The extensible supply of New & Renewable energy resources desperately needs to counter the high dependence on imported energy, recent high oil prices and the Climate Change Conference, and the government has operated the 'Renewable Portfolio Standard' (RPS) as one of the renewable energy policy from 2012. By analyzing the operation case of combined heat and power plant using the woodchip biomass, we drew the price of wood chip fuel, plant capacity factor, electricity selling price, heat selling price and LCOE value. After analyzing the economic feasibility of 3MWe combined heat and power plant based on the operating performance, the minimum of economic feasibility has appeared to be secured according to the internal rate of return (IRR) is 6.34% and the net present value (NPV) is 3.6 billion won as of 20 years life time after installation, and after analyzing the cases of the economic feasibility of the price of wood chip, plant capacity factor, electricity and heat selling price are changed, the economic feasibility is valuable when the price of wood chip is over 64,000 won/ton, NPV is minus, and the capacity factor is above 46.9%, the electricity selling price is 116 won/kWh and the heat selling price is above 75,600 won/Gcal. When going over the new installation hereafter, we need the detailed review of the woodchip storage and woodchip feeding system rather than the steam-turbine and boiler which have been inspected many times, the reason why is it's hard to secure the suitable quality (constant size) of woodchip by the lack of understanding about it as a fuel because of the domestic poor condition and the calorific value of woodchip is seriously volatile compared with other fuels.

Fisheries Countermeasures Against Rising Oil Prices (수산업의 고유가 대응 정책 방향)

  • Park, Seong-Kwae
    • Journal of Fisheries and Marine Sciences Education
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    • v.20 no.3
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    • pp.442-451
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    • 2008
  • The purpose of this study is to analyze the impacts of the rapid rise in oil prices on fisheries economy. Even though fishery oils are tax exemption items, such increase in oil prices put a great amount of pressure on Korean fishing operations. Because basically the recent oil shock is externally given, Korean fisheries themselves have little capacity to cope with the disruption of economic environments. The research results turned out that Korean fisheries are extremely vulnerable(or fragile) to external shocks. In this regard, government support issues of oil costs are in the center of debate. It is widely recognized that direct/indirect government financial supports or subsidies would result in economic inefficiency in expense of equity. However, there are second best theories which may justify government intervention into the markets. This second best theory is translated into the constitutional law that instructs the government to protect and promote the primary industries including fisheries, agriculture, and midium/small-scale enterprises. It is apparent that the constitutional law would provide the government with a variety of policy instruments such as more active buy-back programs, tax exemptions and technological development to deal with fisheries economic hardship due to the external pressure such as high oil prices and international fishery orders.

Characteristics of Iodine Values and Viscosities by blending of Waste Vegetable Oil and Diesel Oil (폐식용유와 디젤유 블렌딩을 통한 요오드가 및 점도 특성)

  • Jeong, Dong-Seok;Nam, Byeong-Uk;Jeong, Yong-Ju
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.10 no.7
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    • pp.1648-1653
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    • 2009
  • Fossil fuel causes the greenhouse effect by emitting $CO_2$, and an estimated amount of oil deposits are also limited. Therefore, people have been interested in alternative energies. Vegetable oil which is one of the alternative energies is eco-friendly renewable energy source and has similar properties like diesel oil with high efficiency. Also, vegetable oil has been well recognized as one of solutions to reduce the greenhouse effect caused by $CO_2$release. In this study, we chose Waste vegetable oil(WVO) to solve the problems of high price of grain and lack of food. Impurities and sediments from WVO were removed by separation process using sieves of $15{\mu}m$pore size. Blending was performed in Homo-mixer by 5000 rpm for 10 min. We investigated viscosities and Iodine values in different compositions of WVO and diesel oil blends. Finally, we could find out blended oils have some possibility to be used in the diesel engine.

A New Approach to the High Efficiency of Hydraulic Excavator (유압식 굴삭기의 고효율 화에 관한 새로운 접근)

  • Lee, Y.B.
    • Journal of Drive and Control
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    • v.11 no.4
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    • pp.39-45
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    • 2014
  • With recent oil price increases, the fuel efficiency of hydraulic excavators has become a serious issue. Researchers have considered weight lightening by high pressurization in order to improve the efficiency of the excavator and pump controlled actuation (PCA) and to reduce pressure loss of hybrid and valves using mechanical inertia. However, high pressurization is not very effective because the excavator operates at a low speed; a hybrid is inefficient because little accumulated inertial energy is accumulated; and PCA is ineffective because control precision and responsibility are low. In this study, a method to minimize air and gas in hydraulic oil has been presented as a simple and new way to increase hydraulic efficiency.

Evaluate the expected price of HTS transformer for introducing into korean power system (초전도변압기의 계통적용을 위한 예상 시장진입가격 추정)

  • Kim, Jong-Yul;Lee, Seung-Ryul;Yoon, Jae-Young
    • Proceedings of the KIEE Conference
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    • 2004.11b
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    • pp.176-178
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    • 2004
  • HTS (High Temperature Superconducting) Transformer has the several useful characteristics in the viewpoints of technical and economical. Especially, an HTS transformer replaces the copper wire coils in a conventional transformer with lower loss HTS wire In addition, inexpensive, environmentally benign liquid nitrogen replaces the conventional oil as the electrical insulation (dielectric) and provides the necessary cooling for the HTS transformer Therefore, the Life-cycle cost of an HTS transformer is much more attractive than conventional because it is more energy efficient, lighter in weight, smaller in size, and environmentally compliant. HTS transformer can be the best way to replace with conventional transformer in the future. In this paper, we investigate the expected price of HTS transformer to have a merit in viewpoint of economic aspect. First, life-cycle cost of conventional transformer is calculated and based on this, the expected price of HTS transformer is evaluated, which HTS transformer is competitive against conventional transformer.

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The Impacts of Korea Train Express Service Quality on Railroad Management Performance (고속철도(KTX)의 서비스품질이 철도 경영성과에 미치는 영향)

  • Park, Heung-Soon;Ju, Yong-Jun
    • Proceedings of the KSR Conference
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    • 2007.11a
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    • pp.1744-1759
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    • 2007
  • This study intended to identify the problems of the railroad which are raised as one of the 21C next-generation but to define the direction for the absence of the national policy and examine the competitiveness of railway transportation which is a Green Network with low environmental destruction and high energy efficiency as the continuable means of transportation for the 21st century with superiority to energy crisis caused by high oil price, conclusion of the Kyoto Protocol for worsened air pollution, and reduced cost of traffic jam.

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Pyrolysis oil refining by Fly-ash absorption (Fly-ash 흡착기법을 이용한 열분해유 정제)

  • Im, EunJung;Kim, SungHyun;Chun, ByungHee;SunWoo, Hwan;Jeong, IckCheol
    • 한국신재생에너지학회:학술대회논문집
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    • 2011.05a
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    • pp.222-222
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    • 2011
  • Plastic product is increasing by the growth of its demand and most of refused plastics are incinerated or reclaimed. However, the refused plastic is not easily decomposed and has the environmental problem with its various toxic gas in case of incineration. Therefore, many countries such as USA, Japan, Germany and other developed industrial countries as well as Korea are interested in studying the recyclable resource of refused plastic. The macromolecular waste pyrolysis has the advantage of collecting of raw materials in high price and can at least get fuel gas or oil with high heat capacity. It also discharges low waste gas and low toxic gas including SOx, NOx and HCl heavy metals. However, pyrolyzed oil includes enough excess unsaturated hydrocarbons to form tar, which can cause the nozzle of engines to plug when pyrolyzed oil is used as fuel. Activated carbon was proven to have prominent adsorption capability among the other adsorbents that were mainly composed of carbon. This study examined the possibility of application in activated charcoal of its solid formation by analysing the feature of pyrolysis which is one of the chemical recycling methods and getting chemical analysis of the product and activated energy. Analyze the element of the oil produced by pyrolysis using GC-MS. The experiment of tar adsorption using fly-ash showed that fly-ash improved the optical intensity of pyrolyzed oil and decreased oxygen compounds in the pyrolyzed oil.

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The Study of Fuel Properties for Biodiesel Derived from Duck's Oil (오리기름으로부터 합성된 바이오젤의 연료특성 연구)

  • Lim, Young-Kwan;Lee, Cheon-Ho;Jung, Choong-Sub;Yim, Euisoon
    • 한국신재생에너지학회:학술대회논문집
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    • 2010.11a
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    • pp.103.2-103.2
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    • 2010
  • Biodiesel was well known for eco-friendly alternative fuel for petrodiesel. But biodiesel have disadvantage such like it was derived from food resource which was high price. In this study, We synthesized the biodiesel from duck's oil which was food trash via transesterification under base catalyst. After analytic result of density, kinematic viscosity, cold temperature characteristics, lubricity and cetane number which were main fuel characteristics, this duck's biodiesel have enough to fuel specification for except of domestic winter season.

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Power and Economic Simulation of Island for the Field Demonstration Test of Smart Microgrid System Based on Stand-alone Wind power (독립형 풍력기반 Smart Microgrid 시스템의 현장 실증 시험을 위한 도서지역 전력 및 경제성 시뮬레이션)

  • Kang, SangKyun;Lee, EunKyu;Lee, JangHo
    • New & Renewable Energy
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    • v.10 no.3
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    • pp.22-30
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    • 2014
  • The isolated self-generating electricity with diesel engine generator has been used in islands far away from main land. It costs high because of increasing oil price, and unsafe to have supplying oil and its related components by ship due to unexpectable marine conditions. Therefore there is the need for the hybrid system of renewable energy like wind or solar energy systems with oil engine generator, which can reduce oil use and extend oil supplying period. In this study, the feasibility of such hybrid system with smart micro grid on the eight islands of Jeon-nam province is surveyed to find good place for the demonstration test of the hybrid system. In each island, 3 wind turbine systems of 10 kW and photovoltaic of 20 kW are tested with already installed diesel engine. The performance and costs of the hybrid system in each island are compared in the given conditions of solar and wind energy potential. As a result of the study, Jung-ma island is recommended for the optimum place to make real field demonstration test of isolated hybrid generating and smart grid systems.

A Study on Subsidence of Offshore Wind Power System Foundation (해상풍력시스템의 기초침하에 관한 연구)

  • Seo, Dong-Il;Shin, Sung-Ryul;Lim, Jong-Se;Yoon, Ji-Ho;Jang, Won-Yil
    • Journal of Advanced Marine Engineering and Technology
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    • v.31 no.8
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    • pp.1020-1027
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    • 2007
  • As a national enterprise has been expanded over and over, the worldwide energy consumption has been growing necessarily. Moreover, as recently energy spendings are on the increase in countries such as BRICs, it has resulted that a rise in the price of both oil and mineral resources and instability between supply and demand become serious issue in the world resources market. The recent high price of oil and mineral resources have a deep influence on economy and threaten energy security and even national prosperity of Korea. In addition to these, exhaustion of fossil fuels and the enhanced greenhouse effect which results from gases emitted as a result of fossil fuels has been in serious questions which occur a great deal of effort to secure clean energy resources all around the world. As it is considerably possible for Korea that the Kyoto protocol may come into effect on and after 2013, it is essential to require the technological development to promote energy efficiency as well as to develope safe and renewable energy resources. The wind energy technology which converts kinetic energy into electrical energy has been in the focus of the world's attention. In this study, two-dimensional numerical analyses were conducted to observe subsidence aspects of the sea bottom on differently applied loads and various ground conditions.