IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2020-03-58.html
   My bibliography  Save this article

Modelling of Energy Efficiency Factors of Petrochemical Industry

Author

Listed:
  • Alexey I. Shinkevich

    (Department of Logistics and Management, Kazan National Research Technological University (KNRTU), Kazan, Russia,)

  • Svetlana S. Kudryavtseva

    (Department of Logistics and Management, Kazan National Research Technological University (KNRTU), Kazan, Russia,)

  • Irina G. Ershova

    (Department of Finance and Credit, Southwestern State University (SWSU), Kursk, Russia.)

Abstract

The relevance of the article is due to the fact that the issues of improving the energy efficiency of the petrochemical industry are constantly developing and require the development of new methodological solutions and management tools, which is especially important for the economies of countries where the share of oil production and refining in the structure of gross value added is high. The solution of the identified tasks will allow to reveal new directions of improvement of stability of the petrochemical complex and increase of its competitiveness. The purpose of the article is to determine the relationship between energy efficiency indicators and industrial production indicators, as well as to cluster regions in which the oil production and oil refining industry is present in order to systematize the factors of their development. As the main methods of research, the article uses the method of description, which allowed to remove the trend use of the resource saving system in the petrochemical complex; a correlation analysis method that established close links between energy efficiency indicators and industrial production indicators; the K-means method, which allows for clustering of regional petrochemical complexes to identify common trends with a view to developing subsequent management decisions at the regional level. The article analyses energy efficiency and energy saving systems on the example of enterprises-representatives of the petrochemical complex; the relationship between the industrial production index and energy saving indicators in the petrochemical industry has been identified; regional petrochemical complexes were clustered based on their energy intensity. The materials of the article can be used in the development of energy efficiency strategies and programs in petrochemical enterprises, which will increase their economic and production efficiency, as well as competitiveness in the context of transformation of the entire macroeconomic system to achieve its sustainability.

Suggested Citation

  • Alexey I. Shinkevich & Svetlana S. Kudryavtseva & Irina G. Ershova, 2020. "Modelling of Energy Efficiency Factors of Petrochemical Industry," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 465-470.
    • Handle: RePEc:eco:journ2:2020-03-58
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/9396/5048
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/9396/5048
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sovacool, Benjamin K., 2015. "The political economy of pollution markets: Historical lessons for modern energy and climate planners," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 943-953.
    2. Nikolaidis, Pavlos & Poullikkas, Andreas, 2017. "A comparative overview of hydrogen production processes," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 597-611.
    3. Alexey I. Shinkevich & Svetlana S. Kudryavtseva & Marina V. Shinkevich & Indira G. Salimianova & Izida I. Ishmuradova, 2019. "Improving the Efficiency of Production Process Organization in the Resource Saving System of Petrochemical Enterprises," International Journal of Energy Economics and Policy, Econjournals, vol. 9(4), pages 233-239.
    4. Dewi Mustikaningsih & Martha Fani Cahyandito & Umi Kaltum & Sri Sarjana, 2019. "Building Business Performance through Partnership Strategy Model: Evidence from Renewable Energy Industry in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 297-307.
    5. Irina Firsova & Dinara Vasbieva & Alexey I. Prokopyev & Evgeniy S. Zykin & Valentin V. Matvienko, 2018. "Development of Consumers' Behavior Business Model on Energy Market," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 227-233.
    6. Rustam Z. Mukhametshin & Nina I. Kryukova & Alexandra V. Beloborodova & Aleksandr V. Grinenko & Olga V. Popova, 2019. "Implementation of Efficient Energy Policy in Russia: Energy Consumption Monitoring and Problem Analysis," International Journal of Energy Economics and Policy, Econjournals, vol. 9(4), pages 224-232.
    7. Akhavein, Ali & Porkar, Babak, 2017. "A composite generation and transmission reliability test system for research purposes," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 331-337.
    8. deLlano-Paz, Fernando & Calvo-Silvosa, Anxo & Iglesias Antelo, Susana & Soares, Isabel, 2015. "The European low-carbon mix for 2030: The role of renewable energy sources in an environmentally and socially efficient approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 48(C), pages 49-61.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alexey I. Shinkevich, 2020. "Modeling the Efficiency of Using Digital Technologies of Energy and Resource Saving Technologies at Petrochemical Enterprises," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 1-6.
    2. Sadeghi, Shayan & Ghandehariun, Samane, 2022. "A standalone solar thermochemical water splitting hydrogen plant with high-temperature molten salt: Thermodynamic and economic analyses and multi-objective optimization," Energy, Elsevier, vol. 240(C).
    3. Ekaterina A. Ilyina & Anna V. Shchiptsova & Igor E. Poverinov & Svetlana V. Grigoreva & Nadezhda K. Gorshkova & Pavel A. Fisunov, 2019. "Features of the Development of the Digital Educational Environment in Russia," International Journal of Higher Education, Sciedu Press, vol. 8(7), pages 121-121, October.
    4. Alves, Luís & Pereira, Vítor & Lagarteira, Tiago & Mendes, Adélio, 2021. "Catalytic methane decomposition to boost the energy transition: Scientific and technological advancements," Renewable and Sustainable Energy Reviews, Elsevier, vol. 137(C).
    5. Abadie, Luis Mª & Chamorro, José M., 2023. "Investment in wind-based hydrogen production under economic and physical uncertainties," Applied Energy, Elsevier, vol. 337(C).
    6. Meng, Xiangmei & de Jong, Wiebren & Kudra, Tadeusz, 2016. "A state-of-the-art review of pulse combustion: Principles, modeling, applications and R&D issues," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 73-114.
    7. Samuel Simon Araya & Fan Zhou & Simon Lennart Sahlin & Sobi Thomas & Christian Jeppesen & Søren Knudsen Kær, 2019. "Fault Characterization of a Proton Exchange Membrane Fuel Cell Stack," Energies, MDPI, vol. 12(1), pages 1-17, January.
    8. Navas-Anguita, Zaira & García-Gusano, Diego & Iribarren, Diego, 2019. "A review of techno-economic data for road transportation fuels," Renewable and Sustainable Energy Reviews, Elsevier, vol. 112(C), pages 11-26.
    9. Freida Ozavize Ayodele & Siti Indati Mustapa & Bamidele Victor Ayodele & Norsyahida Mohammad, 2020. "An Overview of Economic Analysis and Environmental Impacts of Natural Gas Conversion Technologies," Sustainability, MDPI, vol. 12(23), pages 1-18, December.
    10. Hegazy Rezk & Mokhtar Aly & Rania M. Ghoniem, 2023. "Robust Fuzzy Logic MPPT Using Gradient-Based Optimization for PEMFC Power System," Sustainability, MDPI, vol. 15(18), pages 1-18, September.
    11. Natalia Larionova & Julia Varlamova & Julia Kolesnikova, 2021. "Does Digitalization Reduce Electricity Consumption? Evidence from Spatial Analysis," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 413-419.
    12. Iva Ridjan Skov & Noémi Schneider & Gerald Schweiger & Josef-Peter Schöggl & Alfred Posch, 2021. "Power-to-X in Denmark: An Analysis of Strengths, Weaknesses, Opportunities and Threats," Energies, MDPI, vol. 14(4), pages 1-14, February.
    13. Lee, Timothy & Fu, Jintao & Basile, Victoria & Corsi, John S. & Wang, Zeyu & Detsi, Eric, 2020. "Activated alumina as value-added byproduct from the hydrolysis of hierarchical nanoporous aluminum with pure water to generate hydrogen fuel," Renewable Energy, Elsevier, vol. 155(C), pages 189-196.
    14. Aasadnia, Majid & Mehrpooya, Mehdi, 2018. "Large-scale liquid hydrogen production methods and approaches: A review," Applied Energy, Elsevier, vol. 212(C), pages 57-83.
    15. Baena-Moreno, Francisco M. & Pastor-Pérez, Laura & Zhang, Zhien & Reina, T.R., 2020. "Stepping towards a low-carbon economy. Formic acid from biogas as case of study," Applied Energy, Elsevier, vol. 268(C).
    16. K. P. Kolotyrin & S. A. Bogatyrev & D. Yu. Savon, 2021. "Justification for using resourcesaving banding technology in renovative production," Russian Journal of Industrial Economics, MISIS, vol. 14(4).
    17. Burin Yodwong & Damien Guilbert & Matheepot Phattanasak & Wattana Kaewmanee & Melika Hinaje & Gianpaolo Vitale, 2020. "Faraday’s Efficiency Modeling of a Proton Exchange Membrane Electrolyzer Based on Experimental Data," Energies, MDPI, vol. 13(18), pages 1-14, September.
    18. Jahangiri, Mehdi & Rezaei, Mostafa & Mostafaeipour, Ali & Goojani, Afsaneh Raiesi & Saghaei, Hamed & Hosseini Dehshiri, Seyyed Jalaladdin & Hosseini Dehshiri, Seyyed Shahabaddin, 2022. "Prioritization of solar electricity and hydrogen co-production stations considering PV losses and different types of solar trackers: A TOPSIS approach," Renewable Energy, Elsevier, vol. 186(C), pages 889-903.
    19. Tamura, Masato & Gotou, Takahiro & Ishii, Hiroki & Riechelmann, Dirk, 2020. "Experimental investigation of ammonia combustion in a bench scale 1.2 MW-thermal pulverised coal firing furnace," Applied Energy, Elsevier, vol. 277(C).
    20. Hajizadeh, Abdollah & Mohamadi-Baghmolaei, Mohamad & Cata Saady, Noori M. & Zendehboudi, Sohrab, 2022. "Hydrogen production from biomass through integration of anaerobic digestion and biogas dry reforming," Applied Energy, Elsevier, vol. 309(C).

    More about this item

    Keywords

    energy efficiency; industrial complex; energy intensity of economy; gross value added; energy-saving technologies; energy consumption; electric labor ratio; cluster analysis.;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E14 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Austrian; Evolutionary; Institutional

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2020-03-58. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.