The scale of waste formation from coal-fired generation is significant and tends to grow steadily in the context of the global use of coal for power production. This paper covers the problems and current opportunities for recycling coal fly ash waste from coal generation from the position of a stakeholder approach, namely, identification of the main participants and determination of the effects for economic agents in coal fly ash recycling projects. Based on the method of economic modeling and the empirical assessment of project efficiency, this paper presents alternative patterns of stakeholder interaction in the process of implementing coal fly ash recycling projects, estimates the effects of using coal fly ash, and identifies conflicting interests between stakeholders. It is shown that the reason behind the low interest of the Russian private sector in the processing of coal fly ash is the lack of stimulating market mechanisms for manufacturers and consumers of ash products, the high risks of implementing recycling projects based on clean coal technologies, and low environmental payments for commercial companies.
The relevance of this study is due to the low rate of development of the downstream sectors of Russian oil companies. Against a background of the sale of significant volumes of oil and gas raw materials, Russia lags behind world leaders in the production and consumption of petrochemical and chemical products, with their share in the gross domestic product of the country being only 1.1%. Connected to this is the issue of substantiating strategies of development for the downstream sectors of Russian oil companies, which requires detailed research. In this light, it is necessary to take into account current trends in the worldwide demand on petroleum products and also the opportunities and competitive advantages of Russian oil and gas companies in the creation and development of refineries with a consideration of modern technological, environmental, social and market criteria. The paper tests hypotheses about modernisation as a process of increasing efficiency in the development of the industry as a whole. The results of the study show that the planned pace of development in the industry by means of modernisation proves to be insufficient and requires additional investments in innovative development and new construction. The value of the research lies in the modelling of modernisation strategy options by the example of a large oil company, the estimation of results by the criteria of world average indices of technological efficiency of production and the analysis of these results by state indicators of branch development. The theoretical significance of the research lies in the possibility of using this research approach as an analogue.
One of the trends in sustainable economic development is the transition to circular business models, which aim to optimize goods and material flows by taking into account their cyclical nature at all production stages. Adapting circular business models to mining and mineral processing operations can serve as an impetus for mining companies to upgrade and move to a new level of technological sophistication. This article attempts to develop a conceptual framework for circular business models factoring in the nature of production chains in coal mining, power generation, and metal production to reduce production costs, expand the product range, improve sustainable development indicators, and deliver growth in company value. This article is based on desk studies that were aimed at analyzing the efficiency of circular models, organizing data on experience in rational resource use in the mining industry, and transforming basic circular models into adapted ones for the environment in which coal companies operate. This study developed a conceptual framework of options for the implementation and evaluation of circular business models using an interdisciplinary approach and taking into account the specific features of coal companies and the principle of a resource being valuable throughout its whole life cycle. The proposed conceptual framework of circular business models can be used by Russian coal companies to design corporate strategies and long-term development plans.
The high growth rate that the Vietnamese economy has been demonstrating in recent years largely depends on the use of the country’s fossil fuel reserves, which form the foundation of its fuel and energy sector. The country will have to rely on coal as one of the key energy sources for a long time in order to meet its energy needs. Since coal has been mined in Vietnam for a long time, the country is now facing such challenges as the depletion of readily available reserves and an increase in the share of coal mined underground in difficult geological conditions. These circumstances may affect the sustainability of the coal industry as a whole. The purpose of the study is to develop a method for analyzing the influence of geological conditions on production sustainability indicators at coal mines operated by Vinacomin, a state-owned corporation. Research methods include substantiating and choosing objects and indicators reflecting production sustainability at coal mines, formalizing the qualitative characteristics of geological conditions, and revealing the relationship between the complexity of geological conditions and production sustainability indicators. As a result of the analysis, the most problematic mines and their operations were identified. They should be given priority attention when developing measures and corporate programs aimed at fostering the sustainability of coal mines. The results of the study provide new knowledge on the coal industry in Vietnam and help to develop methods for assessing corporate sustainability.
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