Feasibility of biomass heating system in Middle East Technical University, Northern Cyprus Campus
Global interest in using biomass feedstock to produce heat and power is increasing. In this study, RETScreen modelling software was used to investigate the feasibility of biomass heating system in Middle East Technical University, Northern Cyprus Campus. Weiss Kessel Multicratboiler system with 2 MW...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2016-12-01
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| Series: | Cogent Engineering |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1080/23311916.2015.1134304 |
| _version_ | 1797760280580587520 |
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| author | Samuel Asumadu-Sarkodie Phebe Asantewaa Owusu |
| author_facet | Samuel Asumadu-Sarkodie Phebe Asantewaa Owusu |
| author_sort | Samuel Asumadu-Sarkodie |
| collection | DOAJ |
| description | Global interest in using biomass feedstock to produce heat and power is increasing. In this study, RETScreen modelling software was used to investigate the feasibility of biomass heating system in Middle East Technical University, Northern Cyprus Campus. Weiss Kessel Multicratboiler system with 2 MW capacity using rice straw biomass as fuel and 10 units of RBI® CB0500 boilers with 144 kW capacity using natural gas as fuel were selected for the proposed biomass heating system. The total cost of the biomass heating project is US$ 786,390. The project has a pre-tax and after tax internal rate of return (IRR) of 122.70%, simple payback period of 2.54 years, equity payback period of 0.83 year, a net present value of US$ 3,357,138.29, an annual lifecycle savings of US$ 262,617.91, a benefit-cost ratio of 21.83, an electricity cost of $0/kWh and a GHG reduction cost of −204.66 $/tCO₂. The annual GHG emission reduction is 1,283.2 tCO₂, which is equivalent to 118 hectares of forest absorbing carbon. The development and adoption of this renewable energy technology will save costs on buying conventional type of heating system and result in a large technical and economic potential for reducing greenhouse gas emissions which will satisfy the sustainable development goals. |
| first_indexed | 2024-03-12T18:56:19Z |
| format | Article |
| id | doaj.art-5100767b8e0442f1beeec33a3ecb585c |
| institution | Directory Open Access Journal |
| issn | 2331-1916 |
| language | English |
| last_indexed | 2024-03-12T18:56:19Z |
| publishDate | 2016-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Engineering |
| spelling | doaj.art-5100767b8e0442f1beeec33a3ecb585c2023-08-02T06:50:28ZengTaylor & Francis GroupCogent Engineering2331-19162016-12-013110.1080/23311916.2015.11343041134304Feasibility of biomass heating system in Middle East Technical University, Northern Cyprus CampusSamuel Asumadu-Sarkodie0Phebe Asantewaa Owusu1Middle East Technical University, Northern Cyprus CampusMiddle East Technical University, Northern Cyprus CampusGlobal interest in using biomass feedstock to produce heat and power is increasing. In this study, RETScreen modelling software was used to investigate the feasibility of biomass heating system in Middle East Technical University, Northern Cyprus Campus. Weiss Kessel Multicratboiler system with 2 MW capacity using rice straw biomass as fuel and 10 units of RBI® CB0500 boilers with 144 kW capacity using natural gas as fuel were selected for the proposed biomass heating system. The total cost of the biomass heating project is US$ 786,390. The project has a pre-tax and after tax internal rate of return (IRR) of 122.70%, simple payback period of 2.54 years, equity payback period of 0.83 year, a net present value of US$ 3,357,138.29, an annual lifecycle savings of US$ 262,617.91, a benefit-cost ratio of 21.83, an electricity cost of $0/kWh and a GHG reduction cost of −204.66 $/tCO₂. The annual GHG emission reduction is 1,283.2 tCO₂, which is equivalent to 118 hectares of forest absorbing carbon. The development and adoption of this renewable energy technology will save costs on buying conventional type of heating system and result in a large technical and economic potential for reducing greenhouse gas emissions which will satisfy the sustainable development goals.http://dx.doi.org/10.1080/23311916.2015.1134304biomass heatingrenewable energysustainable developmentretscreenghg emissionsnorthern cyprus |
| spellingShingle | Samuel Asumadu-Sarkodie Phebe Asantewaa Owusu Feasibility of biomass heating system in Middle East Technical University, Northern Cyprus Campus Cogent Engineering biomass heating renewable energy sustainable development retscreen ghg emissions northern cyprus |
| title | Feasibility of biomass heating system in Middle East Technical University, Northern Cyprus Campus |
| title_full | Feasibility of biomass heating system in Middle East Technical University, Northern Cyprus Campus |
| title_fullStr | Feasibility of biomass heating system in Middle East Technical University, Northern Cyprus Campus |
| title_full_unstemmed | Feasibility of biomass heating system in Middle East Technical University, Northern Cyprus Campus |
| title_short | Feasibility of biomass heating system in Middle East Technical University, Northern Cyprus Campus |
| title_sort | feasibility of biomass heating system in middle east technical university northern cyprus campus |
| topic | biomass heating renewable energy sustainable development retscreen ghg emissions northern cyprus |
| url | http://dx.doi.org/10.1080/23311916.2015.1134304 |
| work_keys_str_mv | AT samuelasumadusarkodie feasibilityofbiomassheatingsysteminmiddleeasttechnicaluniversitynortherncypruscampus AT phebeasantewaaowusu feasibilityofbiomassheatingsysteminmiddleeasttechnicaluniversitynortherncypruscampus |