Techno-Economic Analysis of the Oxy-Fuel Combustion Power Cycles with Near-Zero Emissions

This paper is devoted to improvement of environmental safety in hydrocarbon-firing TPPs. Despite the development of renewable power sources, the number of traditional power production facilities continues its growth. The toxic emission mitigation in traditional TPPs has been deeply investigated, but...

Full description

Bibliographic Details
Main Authors: Vladimir Kindra, Andrey Rogalev, Evgeny Lisin, Sergey Osipov, Olga Zlyvko
Format: Article
Language:English
Published: MDPI AG 2021-08-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/14/17/5358
_version_ 1797521441269219328
author Vladimir Kindra
Andrey Rogalev
Evgeny Lisin
Sergey Osipov
Olga Zlyvko
author_facet Vladimir Kindra
Andrey Rogalev
Evgeny Lisin
Sergey Osipov
Olga Zlyvko
author_sort Vladimir Kindra
collection DOAJ
description This paper is devoted to improvement of environmental safety in hydrocarbon-firing TPPs. Despite the development of renewable power sources, the number of traditional power production facilities continues its growth. The toxic emission mitigation in traditional TPPs has been deeply investigated, but the problem of greenhouse gas atmospheric emissions is of topical interest. Oxy-fuel technology reduces CO<sub>2</sub> emissions and is highly efficient and environmentally safe. Also, it requires relatively low capital investments. Thermal efficiency analysis shows that the Allam cycle facilities have the best efficiency. Their thermodynamic parameters can be optimized with minimal primary costs and capital investments. This newly developed analysis was used to compare the investment efficiency of projects for the buildup of oxy-fuel and combined cycle facilities. Without emission quote payments, the NPV of combined cycle projects is 16% higher, as well as having a lower DPP. The electricity production primary costs in oxy-fuel and combined cycle facilities are similar, which reflects the technologies’ similarity and similar fuel costs. Implementation of carbon dioxide emission quote marketing makes oxy-fuel facilities more investment-attractive. Parametric studies show that when Russia implements CO<sub>2</sub> emission quotes compatible with the current EU level, an oxy-fuel facility erection project will be financially reasonable. Thus, it can be concluded that the construction of oxy-fuel power plants is one of the most promising and investment-attractive solutions to reduce CO2 emissions in the energy sector for large industrialized countries. The managerial consequences of their implementation will include the stabilization of greenhouse gas emissions while ensuring the financial stability of the energy industry.
first_indexed 2024-03-10T08:12:39Z
format Article
id doaj.art-5dbc0357e8574848915c08fecffd9c82
institution Directory Open Access Journal
issn 1996-1073
language English
last_indexed 2024-03-10T08:12:39Z
publishDate 2021-08-01
publisher MDPI AG
record_format Article
series Energies
spelling doaj.art-5dbc0357e8574848915c08fecffd9c822023-11-22T10:33:26ZengMDPI AGEnergies1996-10732021-08-011417535810.3390/en14175358Techno-Economic Analysis of the Oxy-Fuel Combustion Power Cycles with Near-Zero EmissionsVladimir Kindra0Andrey Rogalev1Evgeny Lisin2Sergey Osipov3Olga Zlyvko4Department of Innovative Technologies of High-Tech Industries, National Research University “Moscow Power Engineering Institute”, 111250 Moscow, RussiaDepartment of Innovative Technologies of High-Tech Industries, National Research University “Moscow Power Engineering Institute”, 111250 Moscow, RussiaDepartment of Economics in Power Engineering and Industry, National Research University “Moscow Power Engineering Institute”, 111250 Moscow, RussiaDepartment of Innovative Technologies of High-Tech Industries, National Research University “Moscow Power Engineering Institute”, 111250 Moscow, RussiaDepartment of Innovative Technologies of High-Tech Industries, National Research University “Moscow Power Engineering Institute”, 111250 Moscow, RussiaThis paper is devoted to improvement of environmental safety in hydrocarbon-firing TPPs. Despite the development of renewable power sources, the number of traditional power production facilities continues its growth. The toxic emission mitigation in traditional TPPs has been deeply investigated, but the problem of greenhouse gas atmospheric emissions is of topical interest. Oxy-fuel technology reduces CO<sub>2</sub> emissions and is highly efficient and environmentally safe. Also, it requires relatively low capital investments. Thermal efficiency analysis shows that the Allam cycle facilities have the best efficiency. Their thermodynamic parameters can be optimized with minimal primary costs and capital investments. This newly developed analysis was used to compare the investment efficiency of projects for the buildup of oxy-fuel and combined cycle facilities. Without emission quote payments, the NPV of combined cycle projects is 16% higher, as well as having a lower DPP. The electricity production primary costs in oxy-fuel and combined cycle facilities are similar, which reflects the technologies’ similarity and similar fuel costs. Implementation of carbon dioxide emission quote marketing makes oxy-fuel facilities more investment-attractive. Parametric studies show that when Russia implements CO<sub>2</sub> emission quotes compatible with the current EU level, an oxy-fuel facility erection project will be financially reasonable. Thus, it can be concluded that the construction of oxy-fuel power plants is one of the most promising and investment-attractive solutions to reduce CO2 emissions in the energy sector for large industrialized countries. The managerial consequences of their implementation will include the stabilization of greenhouse gas emissions while ensuring the financial stability of the energy industry.https://www.mdpi.com/1996-1073/14/17/5358TPPnear-zero emission technologiesoxy-fuel combustion power cyclescarbon dioxide capturecarbon dioxide emission quotes paymenttechnical and economic assessment
spellingShingle Vladimir Kindra
Andrey Rogalev
Evgeny Lisin
Sergey Osipov
Olga Zlyvko
Techno-Economic Analysis of the Oxy-Fuel Combustion Power Cycles with Near-Zero Emissions
Energies
TPP
near-zero emission technologies
oxy-fuel combustion power cycles
carbon dioxide capture
carbon dioxide emission quotes payment
technical and economic assessment
title Techno-Economic Analysis of the Oxy-Fuel Combustion Power Cycles with Near-Zero Emissions
title_full Techno-Economic Analysis of the Oxy-Fuel Combustion Power Cycles with Near-Zero Emissions
title_fullStr Techno-Economic Analysis of the Oxy-Fuel Combustion Power Cycles with Near-Zero Emissions
title_full_unstemmed Techno-Economic Analysis of the Oxy-Fuel Combustion Power Cycles with Near-Zero Emissions
title_short Techno-Economic Analysis of the Oxy-Fuel Combustion Power Cycles with Near-Zero Emissions
title_sort techno economic analysis of the oxy fuel combustion power cycles with near zero emissions
topic TPP
near-zero emission technologies
oxy-fuel combustion power cycles
carbon dioxide capture
carbon dioxide emission quotes payment
technical and economic assessment
url https://www.mdpi.com/1996-1073/14/17/5358
work_keys_str_mv AT vladimirkindra technoeconomicanalysisoftheoxyfuelcombustionpowercycleswithnearzeroemissions
AT andreyrogalev technoeconomicanalysisoftheoxyfuelcombustionpowercycleswithnearzeroemissions
AT evgenylisin technoeconomicanalysisoftheoxyfuelcombustionpowercycleswithnearzeroemissions
AT sergeyosipov technoeconomicanalysisoftheoxyfuelcombustionpowercycleswithnearzeroemissions
AT olgazlyvko technoeconomicanalysisoftheoxyfuelcombustionpowercycleswithnearzeroemissions