• DocumentCode
    583454
  • Title

    Optimization of driver selection for minimizing cost on LNG plant considering risk factor

  • Author

    Inkyu Lee ; Kyungjae Tak ; Wonsub Lim ; Il Moon ; Kwang-Ho Choi

  • Author_Institution
    Dept. of Chem. & Biomol. Eng., Yonsei Univ., Seoul, South Korea
  • fYear
    2012
  • fDate
    17-21 Oct. 2012
  • Firstpage
    2222
  • Lastpage
    2225
  • Abstract
    The natural gas liquefaction process is an cryogenic system so it is very energy and cost intensive. There are several ways to reduce energy and cost consumption. One is getting optimal design and the other is getting optimal operating condition. After determined the process design, then optimize operating conditions such as temperatures, pressures and compositions. In this paper, to get optimal design in point of cost, optimization of driver selection is performed considering risk factor on C3-MR (propane pre-cooling mixed refregerant) process. Driver selection includes capital and operating cost. Capital cost could just get from venders but operating cost is very changeable. To solve driver selection more accurate, our team consider not only cost of fuels and electrics but also risk factor as the cost term. There are three scenarios to compare effects of risk factor. Risk factor depends on number of compressors which is connected to same driver. Each case is selected from mixed integer non-linear programming (MINLP) optimization results. The result is significantly different considering risk factor or not.
  • Keywords
    cost reduction; integer programming; liquefaction; natural gas technology; nonlinear programming; refrigerants; risk management; C3-MR driver; LNG plant; MINLP optimization; capital cost; cost minimization; cryogenic system; driver selection optimization; electric cost; energy consumption reduction; fuel cost; mixed integer nonlinear programming optimization; natural gas liquefaction process; operating cost; optimal design; optimal operating condition; process design; propane pre-cooling mixed refrigerant process; risk factor; Compressors; Generators; Liquefied natural gas; Mathematical model; Optimization; Turbines; C3-MR process; LNG Plant; driver selection; natural gas liquefaction process; optimization;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Control, Automation and Systems (ICCAS), 2012 12th International Conference on
  • Conference_Location
    JeJu Island
  • Print_ISBN
    978-1-4673-2247-8
  • Type

    conf

  • Filename
    6393226