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Economic analysis of a 600 mwe ultra supercritical circulating fluidized bed power plant based on coal tax and biomass co-combustion plans

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  • Lee, See Hoon
  • Lee, Tae Hee
  • Jeong, Sang Mun
  • Lee, Jong Min

Abstract

In recent years, circulating fluidized bed combustor (CFBC) has been regarded as a viable alternative to the conventional pulverized coal combustor (PCC) for utility-scale coal power generation owing to its superior technology for fuel flexibility and supercritical (SC)/ultra supercritical (USC) steam circuit adaptability. The objective of this study is to analyze the economic feasibility of a 600MWe USC CFB boiler, in which coal or a mixture of coal and biomass would be used as fuel. After the demonstration and commercialization of SC CFBC units had succeeded up to 600MWe, USC CFBCs have been widely developed throughout the world. Although high capital costs, high auxiliary power use, and technology maturity have hindered the adoption of USC CFBC for utility power generation, the demand of cleaner environments and energy conversion have driven communities to develop and adopt USC CFBC. Its economic feasibility was evaluated in terms of net present value (NPV), benefit/cost ratio (B/C ratio), and internal rate of return (IRR). In particular, the effect of coal tax and domestic biomass co-combustion on economic efficiency was analyzed.

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  • Lee, See Hoon & Lee, Tae Hee & Jeong, Sang Mun & Lee, Jong Min, 2019. "Economic analysis of a 600 mwe ultra supercritical circulating fluidized bed power plant based on coal tax and biomass co-combustion plans," Renewable Energy, Elsevier, vol. 138(C), pages 121-127.
    • Handle: RePEc:eee:renene:v:138:y:2019:i:c:p:121-127
    DOI: 10.1016/j.renene.2019.01.074
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    References listed on IDEAS

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    1. Verma, Munna & Loha, Chanchal & Sinha, Amar Nath & Chatterjee, Pradip Kumar, 2017. "Drying of biomass for utilising in co-firing with coal and its impact on environment – A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 71(C), pages 732-741.
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    1. Roosse Lee & You Ra Gwak & Jung Min Sohn & See Hoon Lee, 2021. "The prediction of CO2 emissions in domestic power generation sector between 2020 and 2030 for Korea," Energy & Environment, , vol. 32(5), pages 855-873, August.
    2. Vu, Thang Toan & Lim, Young-Il & Song, Daesung & Mun, Tae-Young & Moon, Ji-Hong & Sun, Dowon & Hwang, Yoon-Tae & Lee, Jae-Goo & Park, Young Cheol, 2020. "Techno-economic analysis of ultra-supercritical power plants using air- and oxy-combustion circulating fluidized bed with and without CO2 capture," Energy, Elsevier, vol. 194(C).
    3. Braimakis, Konstantinos & Magiri-Skouloudi, Despina & Grimekis, Dimitrios & Karellas, Sotirios, 2020. "Εnergy-exergy analysis of ultra-supercritical biomass-fuelled steam power plants for industrial CHP, district heating and cooling," Renewable Energy, Elsevier, vol. 154(C), pages 252-269.
    4. Pavel Ruseljuk & Andrei Dedov & Aleksandr Hlebnikov & Kertu Lepiksaar & Anna Volkova, 2023. "Comparison of District Heating Supply Options for Different CHP Configurations," Energies, MDPI, vol. 16(2), pages 1-14, January.
    5. Seo, Su Been & Kim, Hyung Woo & Kang, Seo Yeong & Go, Eun Sol & Keel, Sang In & Lee, See Hoon, 2021. "Techno-economic comparison between air-fired and oxy-fuel circulating fluidized bed power plants with ultra-supercritical cycle," Energy, Elsevier, vol. 233(C).
    6. Ling, Jester Lih Jie & Yang, Won & Park, Han Saem & Lee, Ha Eun & Lee, See Hoon, 2023. "A comparative review on advanced biomass oxygen fuel combustion technologies for carbon capture and storage," Energy, Elsevier, vol. 284(C).
    7. Zhang, Jinzhi & Zhang, Ke & Huang, Jiangang & Feng, Yutong & Yellezuome, Dominic & Zhao, Ruidong & Chen, Tianju & Wu, Jinhu, 2024. "Synergistic effect and volatile emission characteristics during co-combustion of biomass and low-rank coal," Energy, Elsevier, vol. 289(C).
    8. Kim, Hyung Woo & Seo, Su Been & Kang, Seo Yeong & Go, Eun Sol & Oh, Seung Seok & Lee, YongWoon & Yang, Won & Lee, See Hoon, 2021. "Effect of flue gas recirculation on efficiency of an indirect supercritical CO2 oxy-fuel circulating fluidized bed power plant," Energy, Elsevier, vol. 227(C).
    9. Deng, Boyu & Zhang, Man & Lyu, Junfu & Li, Shaohua & Yang, Hairui, 2019. "Safety analysis on the water wall in the 350 MW supercritical CFB boiler under sudden electricity failure," Energy, Elsevier, vol. 189(C).
    10. Tan, Zhizhou & Zeng, Xianhai & Lin, Boqiang, 2023. "How do multiple policy incentives influence investors’ decisions on biomass co-firing combined with carbon capture and storage retrofit projects for coal-fired power plants?," Energy, Elsevier, vol. 278(PB).
    11. Ling, Jester Lih Jie & Oh, Seung Seok & Park, Hyun Jun & Lee, See Hoon, 2023. "Process simulation and economic evaluation of a biomass oxygen fuel circulating fluidized bed combustor with an indirect supercritical carbon dioxide cycle," Renewable and Sustainable Energy Reviews, Elsevier, vol. 182(C).

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