Title:
Flexible Fuel Combustion Systems, Using Waste and/or Biomass, for Industrial Steam Generation: South Korean Models in Economic Operation and Financing
Author(s):
Paik, M.
Document(s):
Paper
Poster
Abstract:
In small & medium scaled energy plants, whether fueled by biomass or waste plastic fuels, the alculus of profitability is dependent on several factors: the subsidized (i.e. by feed-in tariff) or direct off-take purchase (revenues) minus capital & operating expenses (CAPEX and OPEX), as well as the compliance-related costs imposed by government regulations. In the context of project-financed systems, the security upon which financing is based is not only the recourse to the physical plant asset but more importantly, the stability of the expected profits & subsequent interest, principal and, in some cases, dividend payments to the lenders. Here, we explore the use of flexible fuel combustion systems that enable opportunistic switching, mixing and substitution of fuels (input-supply) as price conditions warrant while minimizing down-time & maintenance (for more cost-efficient operations), in a modular & scalable framework where capacity can be added incrementally with off-take demand, thereby reducing both construction and interest expenses.
Keywords:
biomass, combustion, energy, fuel, waste
Topic:
Biomass Policies, Markets and Sustainability
Subtopic:
Market implementation, investments & financing
Event:
24th European Biomass Conference and Exhibition
Session:
4AV.1.17
Pages:
1454 - 1456
ISBN:
978-88-89407-165
Paper DOI:
10.5071/24thEUBCE2016-4AV.1.17
Price:
FREE
