EconPapers    
Economics at your fingertips  
 

Recovery and Utilization of Low-Grade Waste Heat in the Oil-Refining Industry Using Heat Engines and Heat Pumps: An International Technoeconomic Comparison

Nikunj Gangar, Sandro Macchietto and Christos N. Markides
Additional contact information
Nikunj Gangar: Clean Energy Processes (CEP) Laboratory and Centre for Process Systems Engineering (CPSE), Department of Chemical Engineering, Imperial College London, London SW7 2AZ, UK
Sandro Macchietto: Clean Energy Processes (CEP) Laboratory and Centre for Process Systems Engineering (CPSE), Department of Chemical Engineering, Imperial College London, London SW7 2AZ, UK
Christos N. Markides: Clean Energy Processes (CEP) Laboratory and Centre for Process Systems Engineering (CPSE), Department of Chemical Engineering, Imperial College London, London SW7 2AZ, UK

Energies, 2020, vol. 13, issue 10, 1-29

Abstract: We assess the technoeconomic feasibility of onsite electricity and steam generation from recovered low-grade thermal energy in oil refineries using organic Rankine cycle (ORC) engines and mechanical vapour compression (MVC) heat pumps in various countries. The efficiencies of 34 ORC and 20 MVC current commercial systems are regressed against modified theoretical models. The resulting theoretical relations predict the thermal efficiency of commercial ORC engines within 4–5% and the coefficient of performance (COP) of commercial MVC heat pumps within 10–15%, on average. Using these models, the economic viability of ORC engines and MVC heat pumps is then assessed for 19 refinery streams as a function of heat source and sink temperatures, and the available stream thermal energy, for gas and electricity prices in selected countries. Results show that: (i) conversion to electrical power with ORC engines is, in general, economically feasible for heat-source temperatures >70 °C, however with high sensitivity to energy prices; and (ii) steam generation in MVC heat pumps, even more sensitive to energy prices, is in some cases not economical under any conditions—it is only viable with high gas/low electricity prices, for large heat sources (>2 MW) and higher temperatures (>140 °C). In countries and conditions with positive economics, payback periods down to two years are found for both technologies.

Keywords: heat engine; heat pump; industrial energy efficiency; low-grade heat; organic Rankine cycle; ORC; refining; technoeconomic feasibility; vapour compression; waste heat recovery (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.mdpi.com/1996-1073/13/10/2560/pdf (application/pdf)
https://www.mdpi.com/1996-1073/13/10/2560/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:13:y:2020:i:10:p:2560-:d:359797

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().

 
Page updated 2025-03-19
Handle: RePEc:gam:jeners:v:13:y:2020:i:10:p:2560-:d:359797