SRC-II Demonstration Project. Phase zero, task number 3: deliverable number 8. Volume 5. Conceptual commercial plant: economic analysis
The SRC-II Conceptual Commercial Plant (CCP) is designed to process 33,333 tons of coal per day, and yield approximately 100,000 barrels per day of fuel oil and fuel-oil-equivalent product (Btu basis). For the base case analysis, all products from the SRC-II plant were assumed to be sold at the same price per million Btu's. In actual practice, some lighter products will probably sell at a premium over their fuels value because of their greater utility as a chemical feedstock. Key assumptions specified by DOE for the base case and key financial and operating characteristics assumed are given. The calculated base case SRC-II price (expressed in 1978 dollars) required to meet the DOE-specified parameters is $22.55/bbl ($3.76/MMBtu). In 1988 dollars at the time of plant start-up the price is $40.45/bbl ($6.74/MMBtu). The derived SRC-II price is most sensitive to thermal efficiency, followed by plant capacity, capital investment and coal prices: a 1% increase in thermal efficiency would permit a reduction of 1% in the price; a 10% increase in capacity would permit a reduction of 6.4% in the price; a 10% reduction in capital would permit a 4.4% reduction in price; and a 10% increase in coal cost would result in a 4% increase in product price. The potential ethane and propane production of 1.9 billion pounds per year would carry a significant price premium over fuel value.
- Research Organization:
- Pittsburgh and Midway Coal Mining Co., Denver, CO (USA)
- OSTI ID:
- 5602893
- Report Number(s):
- FE-3055-T2(Vol.5)
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
010405* -- Coal
Lignite
& Peat-- Hydrogenation & Liquefaction
CAPITAL
CARBONACEOUS MATERIALS
COAL
COAL LIQUEFACTION
COAL LIQUEFACTION PLANTS
COAL LIQUIDS
COMMERCIALIZATION
COST
DEMONSTRATION PLANTS
DESIGN
ECONOMIC ANALYSIS
ECONOMICS
EFFICIENCY
ENERGY SOURCES
ENGINEERING
FOSSIL FUELS
FUELS
INDUSTRIAL PLANTS
LIQUEFACTION
PRICES
SENSITIVITY
SRC-II PROCESS
THERMAL EFFICIENCY
THERMOCHEMICAL PROCESSES