Application of Flexible Tools in Magnesia Sector: The Case of Grecian Magnesite
Nikolaos Margaritis (),
Christos Evaggelou,
Panagiotis Grammelis,
Roberto Arévalo,
Haris Yiannoulakis and
Polykarpos Papageorgiou
Additional contact information
Nikolaos Margaritis: Centre for Research & Technology Hellas, Chemical Process and Energy Resources Institute (CERTH/CPERI), 4th km. N.R. Ptolemais-Mpodosakeio, 50200 Ptolemais, Greece
Christos Evaggelou: Centre for Research & Technology Hellas, Chemical Process and Energy Resources Institute (CERTH/CPERI), 4th km. N.R. Ptolemais-Mpodosakeio, 50200 Ptolemais, Greece
Panagiotis Grammelis: Centre for Research & Technology Hellas, Chemical Process and Energy Resources Institute (CERTH/CPERI), 4th km. N.R. Ptolemais-Mpodosakeio, 50200 Ptolemais, Greece
Roberto Arévalo: CIRCE—Research Center, Industrial Park Dinamiza 3D, 1st Floor, 50018 Zaragoza, Spain
Haris Yiannoulakis: Research and Development Center, Grecian Magnesite S.A., 57006 Thessaloniki, Greece
Polykarpos Papageorgiou: Yerakini Mines and Works, Grecian Magnesite S.A. (GM), 63100 Chalkidiki, Greece
Sustainability, 2023, vol. 15, issue 16, 1-30
Abstract:
In this paper, two flexible model tools (CO 2 emissions/cost tool and CFD tool) that simulate the production process of Grecian Magnesite (GM) and extract economic and technical conclusions regarding the substitution of fossil fuels with various types of biomass are presented and analyzed. According to the analysis, the higher the substitution, the higher the profit in both CO 2 emissions and cost reduction. The reduction in CO 2 emissions that can be achieved through biomass fuel substitution ranges from 15% for a 30% substitution to 35% for a 70% substitution. Accordingly, production costs are also reduced with the use of biomass. The initial results of this decision-making cost tool showed that the most profitable solution is a 70% substitution, for which production costs can be reduced by up to 38.7%, while the most beneficial type of biomass proved to be the olive kernel. A proposed and feasible solution is the substitution of 50% sunflower husk pellets, which will result in a reduction of 25% in CO 2 emissions and almost 10% in production cost. From CFD simulation, a reduced order model (ROM) has been developed that allows the running of scenarios in real time, instead of the usual long times required by complex simulations. Comparative studies of fuel blend and biomass type can be carried out easily and rapidly, allowing one to choose the most suitable substitution.
Keywords: simulation tool; magnesia sector; CO 2 emissions; carbon neutral fuels (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
https://www.mdpi.com/2071-1050/15/16/12130/pdf (application/pdf)
https://www.mdpi.com/2071-1050/15/16/12130/ (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:jsusta:v:15:y:2023:i:16:p:12130-:d:1212939
Access Statistics for this article
Sustainability is currently edited by Ms. Alexandra Wu
More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().