ZHANG Yuanyuan, WANG Yonggang, TIAN Yajun, et al. Techno-economic analysis method of coal to olefins process with market uncertainty[J]. CIESC Journal, 2017, (11): 4288-4300.
ZHANG Yuanyuan, WANG Yonggang, TIAN Yajun, et al. Techno-economic analysis method of coal to olefins process with market uncertainty[J]. CIESC Journal, 2017, (11): 4288-4300.DOI: 10.11949/j.issn.0438-1157.20170158.
A techno-economic analysis method for modern coal chemical projects under the condition of market uncertainty was established. With financial internal rate of return
payback period of investment
financial net present value
after-tax profits and the CO2 emissions per unit of after-tax profit of coal to olefins investment project as the main objective indicators
and with polyolefin price
coal price
construction investment and carbon tax rate as four variables characterizing market uncertainty
the techno-economic analysis models of coal to olefins were established. Based on these models
the surface graphs and contour graphs of the simulated equations were drew. The sensitivity and uncertainty analysis were further carried out. Sensitivity analysis shows that the influence of polyolefin price and coal price changes on each objective indicator is most remarkable. The economy of coal to olefins technology and the influence of various risk factors on the objective indicators under the condition of market uncertainty were quantitatively analyzed using the Monte Carlo simulation method. The results show that coal to olefins project is still profitable under the condition of market downturn