Economy and CO2 emissions trade-off: A systematic approach for optimizing investments in process integration measures under uncertainty

Abstract

http://publications.lib.chalmers.se This is an author produced version of a paper published in Applied Thermal Engineering. This paper has been peer-reviewed but does not include the final publisher proof-corrections or journal pagination.

Evaluating the efficiency of integrated systems in the process industry–Case: Steam cracker

“…For example, the benefits of applying multi-objective optimisation to process integration are reported in many papers. Svensson and Berntsson [14] developed a methodology to optimise investments with respect to their net present value and corresponding CO 2 emission reduction. In the paper, multi-objective optimisation was used in combination with pinch analysis in thermo-economic optimisation and to combine economy and pollution prevention.…”

Economic performance optimization of an absorption cooling system under uncertainty

“…In practice, it is convenient to replace constraint (10) by Eq. (21) in order to achieve a better numerical performance. Note that this simplification assumes that the operating conditions of the cycle are fixed once the design is decided on (i.e.…”

“…However, in real world applications there are many sources of uncertainty that introduce variability into the decision-making problem. This is especially true in the optimization of energy systems, in which the availability of energy sources, technology performance, energy cost and end user cooling and heating demand, among many others, are affected by a high degree of uncertainty [2,[18][19][20][21].…”

Advances in process integration, energy saving and emissions reduction

“…The first one came from Department of Energy and Environment, Chalmers University of Technology, Göteborg in Sweden. Elin Svensson and Thore Berntsson presented their work entitled Economy and CO 2 emissions tradeoff: a systematic approach for optimising investments in process integration measures under uncertainty [34]. The authors presented a systematic approach trading off CO 2 emissions reductions against investments in process integration measures in industry when optimising those investments under economic uncertainty.…”