 Profitability analysis of power generation using waste heat of sponge iron processGajendra K. Gaurav and Shabina Khanam Energy, 2017, vol. 141, issue C, 333-347 Abstract: The present paper proposes two energy integration options, Option-1 and Option-2, to compare power generation and preheating scheme in sponge iron process. Option-1 accounts power generation whereas in Option-2 preheating of feed material, slinger coal and kiln air is considered. These options utilize heat of waste gas that exits the after burning chamber of the process, which is available from 994 °C to 250 °C. The process integration principles are applied to conserve energy in Option-1 and Option-2. For Option-1 8.97 MW power is generated using heat of waste gas, which gives payback period as 4.17 years. On the other hand, Option-2 consumes 37.4% and 4.7% less coal and water, respectively, in comparison to the existing system. The payback period for option-2 is 3.22 years. The feasibility analyses of these options are also discussed. Based on payback period preheating is more profitable option in comparison to power generation. However, when net profits of two options are compared, power generation option is more profitable. The results of the present study are compared well with that of published work. Keywords: Sponge iron process; Power generation; Preheating; Economic analysis; Feasibility analysis (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:141:y:2017:i:c:p:333-347 DOI: 10.1016/j.energy.2017.09.053 Access Statistics for this article Energy is currently edited by Henrik Lund and Mark J. Kaiser More articles in Energy from Elsevier |
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