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Circular Economy Approach on Energy Cogeneration in Petroleum Refining

Author

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  • Luiz Fernando Rodrigues Pinto

    (Industrial Engineering Post-Graduation Program, Universidade Nove de Julho (UNINOVE), Liberdade 01504-001, Brazil)

  • Henrricco Nieves Pujol Tucci

    (Industrial Engineering Post-Graduation Program, Universidade Nove de Julho (UNINOVE), Liberdade 01504-001, Brazil)

  • Giovanni Mummolo

    (Ionic Department in Legal and Economic System of Mediterranean: Society, Environment, Culture, Università Degli Studi Di Bari Aldo Moro, 74100 Taranto, Italy)

  • Geraldo Cardoso de Oliveira Neto

    (Industrial Engineering Post-Graduation Program, Universidade Nove de Julho (UNINOVE), Liberdade 01504-001, Brazil)

  • Francesco Facchini

    (Department of Mechanics, Mathematics and Management, Polytechnic University of Bari, 70125 Bari, Italy)

Abstract

The heat recovery of hot exhaust air in petroleum refining for energy cogeneration is a circular strategy to reduce costs and environmental impact. Despite several articles on this subject, there is a lack of study on the assessment of the economic and environmental advantages of energy cogeneration in petroleum refining. The objective of this research was to evaluate the economic and environmental gains obtained by energy cogeneration from the heat dissipated in the calcination of green petroleum coke. The research method was a case study in a petrochemical industry in Brazil. From an economic point of view, the cogeneration unit project has shown positive results: a discounted payback period of eight years and nine months, net present value (NPV) over a span of a twenty-year period of US$43,825,592, a return on investment (ROI) estimated to be 14%, and an internal rate of return (IRR) of 12%. From an ecological perspective, the produced energy in the cogeneration process reduced 163,992 ton CO 2 eq per year of greenhouse gas emissions into the atmosphere. This study has increased the knowledge of heat recovery in energy cogeneration in petroleum refining. This work contributes by providing some advantages of heat recovery as a circular economy strategy for business development.

Suggested Citation

  • Luiz Fernando Rodrigues Pinto & Henrricco Nieves Pujol Tucci & Giovanni Mummolo & Geraldo Cardoso de Oliveira Neto & Francesco Facchini, 2022. "Circular Economy Approach on Energy Cogeneration in Petroleum Refining," Energies, MDPI, vol. 15(5), pages 1-15, February.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:5:p:1713-:d:758179
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    References listed on IDEAS

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    1. Walter Cardoso Satyro & Jose Celso Contador & Sonia Francisca de Paula Monken & Anderson Ferreira de Lima & Gilberto Gomes Soares Junior & Jansen Anderson Gomes & João Victor Silva Neves & José Robert, 2023. "Industry 4.0 Implementation Projects: The Cleaner Production Strategy—A Literature Review," Sustainability, MDPI, vol. 15(3), pages 1-18, January.

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