• Journal of Institute of Control, Robotics and Systems
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• v.12 no.12
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• pp.1184-1190
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• 2006

Most chemical companies try to maximize their energy efficiencies due to high oil price and reinforcement of environmental regulation. An individual factory continuously has tried to reduce energy consumption or carbon dioxide discharge for high profit. Nevertheless, it is found that waste heat is disposed with forms of low or medium pressure steams. It can be improved by the aspect of entire industrial complex. Therefore, we have developed a steam network optimization method using Steam Networking Matrices(SNMs) in this research. Results from an illustrative example show that energy consumption can be reduced by optimizing steam exchange networks.

• 한국태양에너지학회:학술대회논문집
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• 2009.11a
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• pp.211-215
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• 2009

As entering in the time of high oil price, seriousness of an energy is on the rise and the importance of energy is growing. Especially, building energy occupying 24% of total demand of energy is expected to be possible to reduce energy demand more than other section. To reduce the building energy consumption, this study analyzes function and thermal performance of Super window by heat experimental apparatus. Super window is a 2-track low-e glazing window for high insulation efficiency. By applying the results of this experiment to building energy efficiency rating tool, this study compares energy efficiency rates depending on a region.-Jeju, South, Central. And it shows how much does Super window reduce Building energy consumption.

• Proceedings of the KSR Conference
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• 2008.11b
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• pp.742-749
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• 2008

In 21th century, high oil price and environmental pollution appeared by serious social problem. It brought important change of logistics environment, and environmentally-friendliness and sustainability are emphasized. In spite of that railroad has high energy efficiency and environmental-friendliness to advantage traditionally, there is still transport division rate of railroad in declining tendency as investment policy that is concentrated on road and insufficiency of social realization about environmental problem. The construction of environment-friendly transport system and the reasonable role sharing between modes of transportation are important. Transportation policy of Korea is presented through plans to constructs efficiently and manages national transportation system. In this study, examine development process of national railroad logistics plan with logistics environment change, and proposes the following ways to development of railroad logistics policy.

• Proceedings of the KIEE Conference
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• 2002.07c
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• pp.1668-1670
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• 2002

Since more than two decades, the conventional PD detecting systems have been employed in order to detect the partial discharges occurring inside the HV power apparatus for their diagnosis by use of different type of detection such as acoustic and UHF detection method. Regardless of their wide on-site application, a certain number of technical inconveniences have been disclosed as follows : multistage amplification. large volume, susceptible to external noise and high price. In this respect, the optical measurement techniques are widely proposed in these days in this concerned field ascribed to the following advantages : immune to external EMI noise and broad band response of the Pockels cell covering from DC to GHz. However, the reliability of several proposed techniques enabling to measure the electric field inside the large high power apparatus has not yet been well approved In this work, an optical measuring system, based on the Pockels effect, has been developed for measuring the field variation due to the corona discharges occurring in air and in oil. This system consists of He-Ne laser, single mode optical fiber, multi mode optical fiber, polarizing film, Y-cut LiNbO3 cell, photo detector, digital oscilloscope and personal computer with GPIB. For this purpose, optical probe has been specially designed and realized and put into the needle-plane electrode. Afterward, same measurement is carried out in oil. We demonstrate the characteristic of the optical measuring system and the measurement results.

• Corrosion Science and Technology
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• v.9 no.6
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• pp.310-316
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• 2010

Recently a fuel oil of the diesel engine of the marine ship is being changed with heavy oil of low quality as the oil price is higher more and more. Therefore the wear and corrosion in all parts of the engine such as cylinder liner, piston crown, spindle and seat ring of exhaust valves are predominantly increased. In particular the degree of wear and corrosion of piston crown is more seriously compared to the other parts of the engine due to operating in severe environment such as the high temperature of exhaust gas and repeating impact. Thus the repair weldment of the piston crown is a unique method to prolong the its life in a economical point of view. In this case, filler metals having a high corrosion and wear resistance such as stellite 6, Inconel 625 and Inconel 718 are mainly being used for repair welding. However it has been often happened that piston crown on the ship,s job site is being actually inevitably welded with mild filler metals. Therefore in this study, filler metals such as E4301, E4313 and E4316 were welded at SS401 steel as the base metal, and corrosion property of their weld metals in the case of post weld heat treatment or not was investigated with some electrochemical methods such as measurement of corrosion potential, cathodic and anodic polarization curves, cyclic voltammogram and polarization resistance etc. in 0.1% $H_2SO_4$ solution. Corrosion resistance of the weld metal of E4301 was better than the other weld metals in the case of no heat treatment, however, its resistance was considerably decreased with post weld heat treatment(annealing:$625^{\circ}C$, 2 hr) compared to other weld metals. The weld metals of E4313 and E4316 showed a relatively good corrosion resistance by post weld heat treatment.

• Transactions of the Korean hydrogen and new energy society
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• v.20 no.1
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• pp.9-21
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• 2009

As one of the alternative solution for energy and environmental issues such as climate change, energy security, oil price, etc., hydrogen energy has been getting so much attentions these days. This paper analyzed the $CO_2$ emission, costs, and energy consumptions when the hydrogen energy was introduced to transportation, specifically in Sedan sector using the energy system model, MARKAL. As results, 21.5% of $CO_2$ emission in 2040 could be reduced and additional 76 billion dollars will be needed in the high energy price scenario. The amount of energy saving mainly due to the replacement of existing car to hydrogen vehicle was 16% of the final energy consumption in 2040.

• Journal of Energy Engineering
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• v.16 no.2
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• pp.64-72
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• 2007

During the 2nd World War, several Coal-to-Liquid (CTL) plants were operated in Germany and England to convert coal to large volumes of liquid fuel. Big oil fields discovered in the Middle East after the war supplied crude oil at the low price and all CTL plants were forced to shut down. However, South Africa (Sasol) built a CTL plant in 1955 and 2 more plants afterward and the current production of coal-derived synfuel reached 150,000 bbl/day. Recently, the sustained high crude oil price and the fear of the "peak oil" rejuvenated the interest of CTL and several CTL projects are in progress. China established a plan to build CTL plants with the total capacity of 30 million tons of synfuel per year by 2030. China is building a direct coal liquefaction plant which is scheduled to produce 20,000bbl/day of synfuel in 2008. There are 8 CTL projects in USA either in the planning stage or in the ground-breaking stage. CTL projects are also carried out in Australia, Philippines, New Zealand, Indonesia and India. Korea needs to approach the CTL project in the perspective of the national energy security. In this paper, the history, the status, current activities and the prospect of CTL are described.

• Journal of the Korean Applied Science and Technology
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• v.30 no.4
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• pp.688-700
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• 2013

The potential of biodiesel production technology using lipids extracted from sewage sludge was investigated. Despite the bright prospect of biodiesel production, efforts to commercialize it have been very limited. One of the major obstacles has been the high price associated with refined oil feedstock, which makes up nearly 70-75% of the total production costs. Hence, in order to reduce the cost of biodiesel production, using cheaper feedstock such as waste oil or low-quality oil has been proposed. Especially, sewage sludge, a relatively inexpensive feedstock, is a promising raw material for such a purpose. In this study, it is aimed to review biodiesel production technology from sewage sludge as a lipid feedstock. It is process modifications to combine the oil extraction steps, fuel conversion steps (i.e. in situ transesterification, thermo-chemical process with non-catalytic heterogeneous biodiesel production) and fuel quality from sewage sludge.

• Journal of the Korean Society of Mineral and Energy Resources Engineers
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• v.55 no.6
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• pp.624-634
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• 2018

Indonesia has become a net crude oil importer because of the reduction of a new oil field discovery, and Indonesia is attempting to raise investment funds through the Kerja Sama Operasi (KSO) contract to develop a small-scale field. However, the KSO has a high-risk and low-return contract system for investors, necessitating an economic evaluation to examine the feasibility of the project. This study performed economic evaluation on the development of an Indonesian small-scale field by applying the KSO contract conditions, and identified the major economic parameters through a sensitivity analysis. As a result, the oil price, CAPEX and OPEX were identified as influential factors for economic evaluation. The results also indicate that commercial production in small-scale fields is difficult. In the future, this study can be used as a reference resource for investment in oil and gas development projects in Indonesia.

• Journal of Korea Trade
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• v.27 no.5
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• pp.167-198
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• 2023

Purpose - This paper aims to compare and analyze the co-movements and information spillover effects between the international commodity futures markets and the South Korean stock markets during the COVID-19 and the 2008 financial crises. Design/methodology - The DCC-GARCH model is used in the co-movements analysis. In contrast, the BEKK-GARCH model is used to evaluate information spillover effects. The statistical data used is from January 1, 2005, to December 31, 2022. It comprises the Korea Composite Stock Price Index data and daily international commodity futures prices of natural gas, West Texas Intermediate crude oil, gold, silver, copper, nickel, soybean, and wheat. Findings - The results of the co-movement analysis were as follows: First, it was shown that the co-movements between the international commodity futures markets and the South Korean stock markets were temporarily strengthened when the COVID-19 and 2008 financial crises occurred. Second, the South Korean stock markets were shown to have high correlations with the copper, nickel, and crude oil futures markets. The results of the information spillover effects analysis are as follows: First, before the 2008 financial crisis, four commodity futures markets (natural gas, gold, copper, and wheat) were shown to be in two-way leading relationships with the South Korean stock markets. In contrast, seven commodity futures markets, except for the natural gas futures market, were shown to be in two-way leading relationships with the South Korean stock markets after the financial crisis. Second, before the COVID-19 crisis, most international commodity futures markets, excluding natural gas and crude oil future markets, were shown to have led the South Korean stock markets in one direction. Third, it was revealed that after the COVID-19 crisis, the connections between the South Korean stock markets and the international commodity futures markets, except for natural gas, crude oil, and gold, were completely severed. Originality/value - Useful information for portfolio strategy establishment can be provided to investors through the results of this study. In addition, it is judged that financial policy authorities can utilize the results as data for efficient regulation of the financial market and policy establishment.