Economic Rationale for Safety Investment in Integrated Gasification Combined-Cycle Gas Turbine Membrane Reactor Modules

摘要: A detailed Net Present Value (NPV) model has been developed to evaluate the economic viability of an Integrated Gasification Combined Cycle – Membrane Reactor (IGCC-MR) power plant intended provide electricity generating and pure H2 (hydrogen) producing technology option with significantly lower air pollutants CO2 (carbon dioxide) emission levels, where membrane reactor module design conforms also basic inherent safety principles. Sources irreducible uncertainty (market, regulatory technological) are explicitly recognized, such as capacity factor, Pd (palladium) price, life-time prices (taxes) due future action/policies. The effect above drivers on project’s/plant’s value is elucidated using a Monte-Carlo simulation technique that enables propagation uncertain inputs through NPV-model, therefore, generate more realistic distribution plant’s rather than single-point/estimate overlooks these uncertainties. results derived suggest in presence (operational, regulatory) uncertainties, inherently safe options integrated into IGCC plants could become economically viable even absence any valuation being placed human life or quality by considering only equipment damage interruption business/lost production cost. Comparatively attractive NPV profiles obtained when concrete risk-reducing measures taken account pre-investment process (equipment) pro-active manner, giving further credence thesis investments may result enhanced performance