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Author

Lim, Hankwon
Research Interests
  • Process analysis, Process design, Techno-economic analysis, Separation process, Reaction engineering, Computational fluid dynamics, Membrane reactor, H2 energy, Water electrolysis, Vanadium redox flow battery, Greenhouse gas reduction

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Economic evaluation with uncertainty analysis of glycerol steam reforming for a H2 production capacity of 300 m3 h-1

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Title
Economic evaluation with uncertainty analysis of glycerol steam reforming for a H2 production capacity of 300 m3 h-1
Other Titles
수소 생산 규모 300 m3 h-1급 글리세롤 수증기 개질반응에 대한 경제적 불확실성 분석
Author
Heo, JuheonLee, BoreumKim, SehwaKang, Sung-MookLim, Hankwon
Keywords
glycerol steam reforming; economic evaluation; uncertainty analysis; hydrogen production
Issue Date
201810
Publisher
Korean Society of Industrial Engineering Chemistry
Citation
APPLIED CHEMISTRY FOR ENGINEERING, v.29, no.5, pp.589 - 593
Abstract
In this paper, an economic evaluation with the uncertainty analysis using a Monte-Carlo simulation method was performed for the glycerol steam reforming to produce H2 at a capacity of 300 m3 h-1. Fluctuations in a unit H2 production cost were identified based on the variation of key economic factors at ± 10 - ± 40% and the probability of 30.9% was obtained for a previously reported unit H2 production cost of 5.10 $ kgH2 -1. In addition, fluctuations in the B/C ratio were obtained by varying the fixed capital investment (± 20%), cost of manufacturing (± 20%), revenue (± 20%), and discount rate (2-10%) and the probability ranging from 17 to 55% was observed to meet a minimum B/C ratio of 1 for the economic feasibility of the glycerol steam reforming to produce H2.
URI
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DOI
http://dx.doi.org/10.14478/ace.2018.1053
ISSN
1225-0112
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