Experimental energy and exergy analyses of a discharging heat exchanger for a small hot-oil domestic storage tank

Experiments are described to investigate the thermal performance of a discharging heat exchanger for a small storage tank filled with oil. Experimental results are presented in terms of the discharging energy rates (power) and the discharging exergy rates for low (~4 ml/s) and high discharging flow rates (~8 ml/s). Water heating energy rates, which are respectively maximized at approximately 600 W and 1200 W at low and high flow-rate discharging, are found to be higher than the discharging energy rates, which are respectively maximized at 450 W and 900 W. These results indicate that the energy rates do not accurately evaluate the thermal performance of the discharging heat exchanger since the energy heating rate of the water is greater than that for the oil that heats it, which is thermodynamically inconsistent. The energy rates should thus be used with caution when the thermal performance of the heat exchanger is evaluated. Water heating exergy rates, which are respectively maximized at approximately 45 W and 130 W at low and high flow-rate discharging, are generally smaller than the discharging exergy rates, which are respectively maximized at 65 W and 170 W. Exergy rate results are thus more consistent in the physical process of water heating, and an exergy factor is suggested as a proper measure for evaluating the performance of the discharging heat exchanger. The maximum value of the exergy factor is found to increase from 0.15 at low flow rates to a maximum value of approximately 0.19 at high flow rates. This implies that to extract more energy from a storage tank to a discharging heat exchanger, the flow rate has to be high, which is consistent with the physical process of heating water faster to higher temperatures. The exergy factor can thus be used as a design parameter for discharging heat exchangers.     

Causes of energy poverty in a cold and resource-rich country: evidence from Kazakhstan

Kazakhstan is an upper-middle-income country and one of the coldest countries in the world with rich energy resources and energy prices considerably lower than in developed countries. This paper presents the first comprehensive overview of household fuel use in Kazakhstan and assesses the causes and extent of energy poverty using the Households Living Conditions Survey dataset of 12,000 households. The results show that there is an overwhelming reliance on coal in Kazakhstan: 40% of all surveyed households use coal for heating, cooking and other needs. In general, liquefied petroleum gas is mainly used for cooking, coal and firewood for heating, while electricity is rarely used for heating. Energy poverty was less prevalent in oil and gas rich regions, due to low gas prices and higher income levels in those regions, while households located in the North Kazakhstan, Central and East Kazakhstan mainly suffer from lack of cleaner fuel options, income poverty, longer and colder winters and consequently energy affordability. Despite low energy prices in Kazakhstan, the results demonstrate that 28% of surveyed households spend more than 10% of their income on energy. Gas and district heating infrastructure coverage and income inequality across its regions contributed the most to energy poverty in Kazakhstan. Energy prices are regulated and indirectly subsidised. Removing energy subsidies alone may worsen energy affordability of households. Offering direct subsidies to cover part of the energy expenditures may not fully solve the problem, but subsidies, interventions for efficient technologies and fuels, dwelling energy-efficiency improvements are necessary.     

On the price-volume relationship in crude oil futures markets

This paper applies a quantile regression model to examine the relationship between the contract prices and trading volumes of light sweet crude oil contracts on the New York Mercantile Exchange (NYMEX) and Brent crude oil contracts on the Intercontinental Exchange (ICE). The results show a tandem rise in prices and volumes for light sweet crude oil contracts but a deviation between prices and volumes for Brent crude oil contracts. These two crude oil contracts exhibit significantly different relationships between prices and volumes when prices fluctuate. This finding can help analysts and investors in their investment decisions.     

Experimental investigation on the phase change material-based modular heat exchanger for thermal management of a building

A phase change material (PCM)-based flat plate modular heat exchanger for free cooling application, suitable for the diurnal temperature variation that prevails during the summer months of Bangalore city, India is designed and experimentally investigated. The flow and other parameters selected in the present study are meant to suit the accelerated charging of the PCM in the modular heat exchanger during the early morning hours, and to provide cool energy to the room during the daytime, by circulating the ambient air through the heat exchanger at a lower velocity. It is observed from the charging experiments that the decrease in the inlet air temperature has more influence in reducing the solidification time than the increase in the inlet air velocity. The heat exchanger designed in the present investigation is capable of maintaining the room temperature around 30°C for a longer duration of 8 hr when the heat load is 0.5 kW. It is suggested to design the modular heat exchanger with a surface area proportionate to the present heat exchanger size when the room heat load increases beyond 0.5 kW, in order to maintain a minimum comfortable temperature of 30°C in the room.     

Effects of cold press operating conditions on vegetable oil fatty acid profiles

Although most of jet fuels are currently made from petroleum, nonfood oilseeds such as flax and canola seeds may be an alternative for renewable jet fuel production in the near future. Vegetable oils produced from those oilseeds can be upgraded to liquid hydrocarbons to produce renewable jet fuels. The production efficiency and cost are heavily relied on the vegetable oil fatty acid profile (FAP). Previous research indicated that vegetable oil FAP is affected by oilseed species and oil extraction conditions. Cold press oil extractions from flax and canola seeds were conducted. The effect of the frequency controlling the screw rotating speed on the oil extraction efficiency and quality was discussed. Characterization of the vegetable oils produced, including density, pH value, viscosity, moisture, element component, heating value and FAP, was carried out. The residual oil contents left in the cold press meals were also determined. The results show that the oil extraction efficiency of oilseeds increased when the frequency decreased. For flax and canola seeds, their highest oil extraction efficiency was the same (81.0%), which was both obtained at 15 Hz. The cold press frequency had a minor influence on the FAPs of flax oils. However, the FAPs of canola oils produced at 15 Hz were different from those produced at 20 Hz and 25 Hz to some extent. The main fatty acid in flax and canola oils was linolenic acid and erucic acid, respectively.     

Petroleum taxation in West Africa

The petroleum tax systems of nine West African countries are compared and analysed for their effectiveness in capturing the maximum amount of oil revenues. As a general rule, those countries which are major oil-exporting countries have the highest tax rates whereas those which are oil-importing countries have the lowest. The tax systems have changed over time, reflecting inter alia, changing national attitudes towards foreign investment, the price of oil and domestic needs. One conclusion reached is that many of the tax systems in place today are regressive in that the tax rates are fixed and are not adjusted to the profitability or non-profitability of the oil field .     

An economic evaluation on the purification and storage of waste hydrogen for the use of fuel cell scooters

Safe and reliable metal hydride canisters (MHCs) for the use of hydrogen storage at low pressure can be applied to supply small fuel cell vehicles or scooters with hydrogen fuel. However, greater cost-effectiveness of hydrogen gas is obviously necessary to the successful promotion of hydrogen fuel cell scooters in the market. In this study, we use the net present value (NPV) method to evaluate the feasibility of an investment project on the supply of purified hydrogen in a pulp company at Hualien, Taiwan. The purified hydrogen can be separated from waste hydrogen by using pressure swing adsorption (PSA) technology and then be stored in MHCs. Under some assumptions of improved parameters about hydrogen production cost and hydrogen gas price, the discounted payback period of hydrogen purification and storage project in our study can be less than 10 years and the unit cost of hydrogen gas can be close to the price of gasoline. Moreover, the unit cost of hydrogen gas in our study can be lower than the cost from other sources of hydrogen.     

Petroleum prospects and the need for international cooperation

A review of the world energy situation prior to the Persian Gulf War of 1990-91 shows that periods of oil price instability have distorted the decision-making process. During periods of high prices, investments were made in uneconomic energy sources and in periods of low prices few investments were made at all. To create a rational investment climate, international cooperation between consumers and producers of petroleum is essential. Such cooperation in the form of a forum could help to stabilize prices and assure that the economic decisions needed to meet future demand would be made in a secure framework.     

An overview of global gold market and gold price forecasting

The global gold market has recently attracted a lot of attention and the price of gold is relatively higher than its historical trend. For mining companies to mitigate risk and uncertainty in gold price fluctuations, make hedging, future investment and evaluation decisions, depend on forecasting future price trends. The first section of this paper reviews the world gold market and the historical trend of gold prices from January 1968 to December 2008. This is followed by an investigation into the relationship between gold price and other key influencing variables, such as oil price and global inflation over the last 40 years. The second section applies a modified econometric version of the long-term trend reverting jump and dip diffusion model for forecasting natural-resource commodity prices. This method addresses the deficiencies of previous models, such as jumps and dips as parameters and unit root test for long-term trends. The model proposes that historical data of mineral commodities have three terms to demonstrate fluctuation of prices: a long-term trend reversion component, a diffusion component and a jump or dip component. The model calculates each term individually to estimate future prices of mineral commodities. The study validates the model and estimates the gold price for the next 10 years, based on monthly historical data of nominal gold price.     

Scleropyrum pentandrum (Dennst.) mabb—oil as a feedstock for biodiesel production—engine performance and emission studies

A feasibility study on utilization of non edible oil of Scleropyrum pentandrum was carried out to see its potential as a new source for biodiesel production. Nonedible oil seeds of Scleropyrum pentandrum have oil content of 55–60%. Transesterification of freshly extracted oil in the presence of anhydrous sodium hydroxide at a concentration 1% (w/v oil) and methanol-oil ratio of 40% (v/v oil) yields 90.8% methyl esters under conventional heating. Month old oil requires sulfuric acid pretreatment (esterification) before transesterification. The transesterified oil has a density 889–893 kg/m³; kinematic viscosity of 4.21–5.7 mm²/s; cetane index 46.03; pour point of ?15°C and gross calorific value of 40.135 MJ/kg and oxidative stability of 2.35 hours. The properties are well within the Indian, European and American standard limits recommended for biodiesel except the oxidation stability, which can be improved by adding antioxidant additives. The engine performance studies of B10 and B20 blends of Scleropyrum pentandrum biodiesel (SP biodiesel) with statistical inference confirmed that it can be used as a fuel in CI engines without any engine modifications. The engine exhaust emission analysis showed that the emission of hydrocarbons can be minimized by at least 15–20%, CO emission by 15%, smoke opacity by 10–12% and moderately lesser CO₂ and NOx emissions.     

影响中国碳价的能源价格因素灰关联研究

本文选取中国碳排放价格数据和8种能源价格指数为研究变量,运用灰色关联方法研究了中国能源价格对中国碳价的影响。研究结果发现,化石能源价格对中国碳排放价格的影响较大,特别是煤炭、成品油和基础油价格对碳价的影响最大;低污染能源中,与天然气相比,液化气价格对中国碳排放价格影响明显。研究结果指出了保持碳市场价格稳定、防范价格异常波动的重要性,并从能源价格体系和能源消费结构角度提出了政策建议。     

Oil spills on other commodities

This paper examines the effect of crude oil prices on the prices of 35 internationally traded primary commodities for the 1960–2005 period. It finds that the pass-through of crude oil price changes to the overall non-energy commodity index is 0.16. At a more disaggregated level, the fertilizer index had the highest pass-through (0.33), followed by agriculture (0.17), and metals (0.11). The prices of precious metals also exhibited a strong response to crude oil price. In terms of individual commodities, the estimates of the food group exhibited remarkable similarity while those of raw materials and metals gave a mixed picture. The implication is that if crude oil prices remain high for some time, as most analysts expect, then the recent commodity price boom is likely to last much longer than earlier booms, at least for food commodities. The other commodities, however, are likely to follow diverging paths. On the methodological side, the results show that price indices, while providing useful summary statistics, they need to be supplemented by individual commodity analysis.     

Characteristics of stable biodiesel emulsion fuel with the aid of lipophilic surfactant,polyglycerol polyricinoleate (PGPR)

ABSTRACT

Biodiesel emulsion fuel is reported as one of the most feasible options capable of generating lower NOx emission than that from fossil fuels. However, oil and water in the emulsion fuel are easily separated and unstable. The aim of the present study is to consider the production and stability of biodiesel emulsion fuel by using tetraglycerin ester (CR-310), i.e., one of lipophilic surfactant, polyglycerol polyricinoleate (PGPR) and biodiesel, i.e., Waste cooking Oil Methyl Ester (WOME) produced based on waste cooking oil. The corresponding heat rate, water content, and viscosity are measured. Emphasis is placed on the effects of water content and surfactant on biodiesel emulsions. It is found that: (i) stable emulsion fuel is obtained by adding at least 2.0% of CR-310 and is maintained over 1 month, (ii) there is no effect of water content on stable emulsion fuel if CR-310 is used over 2.0%, and (iii) the viscosity of emulsion fuels is higher than that of the biodiesel fuel and is gradually increased with an increase in the water content.     

An assessment of time series methods in metal price forecasting

The international price for metals is pivotal in the profitability equation for mining companies. If producer prices rise, assuming production levels and costs remain the same, profits are expected to increase. Accordingly, producers welcome any means by which price instability and unpredictability can be reduced. The paper analyses the ability of two user-friendly time series forecasting techniques to predict future lead and zinc prices. The conclusion is that price forecasting is difficult. It should, however, be acknowledged that whilst neither of the two models are definitive, they are useful for the mining company vis-à-vis its planning process. In particular, the results from the analysis in this paper suggest that ARIMA modelling provides marginally better forecast results than lagged forward price modelling. The methodologies employed in this paper have a broad based application to base metal forecasting by mining companies in general, that is, the applications are transferable.     

Price prospects in Western Europe for internationally traded fossil fuels until 2000

A methodology for the long-term assessment of prices is designed and applied to the international markets for coal, oil and natural gas and likely price developments between 1990 and 2000 are explored. The coal market will remain competitive, and the long-term price will be determined by the total cost of marginal supply. The oil price will be set, even in the long term, substantially above the competitive level, by those who control the exceptional Middle East resource base. The traditional link between gas and oil prices will erode in the 1990s, and gas will be independently and competively priced by the turn of the century. Resource constraints are not expected to push prices upwards within the time horizon of the study. The relative price of gas will fall over the forecast period, and its market share will increase as a consequence.     

Economic assessment of microbial biodiesel production using heterotrophic yeasts

The production of biodiesel using oleaginous microorganisms is investigated as promising alternative to produce a truly sustainable and renewable transportation fuel. While the feasibility of this approach has been shown on the laboratory scale, a commercial scale implementation is to date inhibited due to economic restraints. In order to evaluate the current cost situation and to develop suggestions to reduce production related costs, a simple cost analysis of the proposed microbial oil production process has been carried out. For closed fermentation in large-scale fermenters a break-even price of 2,350 US$ t^–1 for microbial oil was calculated. In the context of a sensitivity analysis it was shown that especially alterations in capital cost can lead to overall cost reductions. Accordingly, an open pond cultivation approach was designed, cutting the cost for equipment almost in half and decreasing the break-even price to 1,723 US$ t^–1. However, these reductions are only feasible when stable biomass and lipid yields can be ensured in open-pond systems, because the sensitivity analysis identified these yield parameters as leading factors influencing the break-even price. Even under very optimistic assumptions, it was not possible to reduce the break-even price below that of conventional plant oils as competitive products. Therefore, economic feasibility of the process will probably only occur if on one hand considerable technical development and efficiency improvements of the production process are made while on the other hand plant and crude oil prices are continuously increasing.     

Solar Assisted Small-Scale Biomass District Heating System in the Northern Part of Sweden

Abstract

This article presents a case study of a projected solar assisted biomass district heating system in the north of Sweden. It is generally known that a biomass district heating system combined with solar heat brings many important benefits. The most common system solution is to install a heat store and a large solar collector field near the heating central. No plant of this type is however in operation in the northern part of Sweden. The main reason for this is that the solar irradiation at these latitudes is very low when the demand for heat is high. Solar heat could however be useful during summer in order to generate hot tap water. One problem is that the heat losses, calculated as percentage of the delivered heat, become very large during these months. This article presents the idea of allowing the connected households to generate their own hot tap water using solar collectors and heat stores installed in each house. The district heating network can therefore be closed in summer, which eliminates the heat losses outside the heating period. A case study of a projected plant has been carried out and it is shown that it is possible to reduce the heat losses by 20% compared to a conventional system. This idea also provides many other important technical and economic benefits.     

Effects of planned expansion of waste incineration in the Swedish district heating systems

Recent targets for reduced amounts of waste to landfills in Sweden will result in a large increase in waste incineration with recovery of energy, used primarily for district heating. The aim of this study is to investigate what changes in the usage of other fuels and technologies for district heat production would be caused by this increase. A questionnaire was sent out to the largest district heating companies, and simulations in an energy systems model were carried out. The analysis shows that increased waste incineration reduces the demand for other fuels, especially biomass, for district heat production. The effects include reductions in operating hours as well as the avoidance or postponement of investments in new plants for district heat production. Increased waste incineration will also lead to a greater use of district heating in Sweden.     

Energy consumption trends in high growth Asian economies before and after 1986

In 1986, world oil prices declined sharply. Lower oil prices have been favourable to economic growth and price stability in Asia. However, oil consumption has also been growing rapidly in developing Asian countries including those dependent on imported oil. The increasing dependence on oil as a source of energy since 1986 is a striking reversal of the previous trend. In their pursuit of rapid industrialization, Asian countries have neglected energy conservation and diversification strategies. Unless energy policy is redirected, countries like Korea, Thailand and the Philippines could be seriously hurt by a sharp rise in oil prices. An increase in oil prices is almost inevitable in the next few years.     

International coal prices

The place coal will occupy among the world's energy supplies depends on many factors, including its price trends. This paper reviews recent price trends and supports the thesis that future coal prices are independent of oil prices, and that they will fluctuate between two limits which are based on production and transport costs in the USA and Australia.