Analysis of an integrated cryogenic air separation unit, oxy-combustion carbon dioxide power cycle and liquefied natural gas regasification process by exergoeconomic method

Abstract

Exergoeconomic and sensitivity analyses are performed on the integrated cryogenic air separation unit, oxy-combustion Carbon dioxide power cycle and liquefied natural gas regasification process. Exergy destruction, exergy efficiency, cost rate of exergy destruction, cost rate of capital investment and operating and maintenance, exergoeconomic factor and relative cost difference have been calculated for the major components of the process. The exergy efficiency of the process is around 67.1% and after mixers, tees, tank and expansion valves the multi-stream heat exchanger H-3 have the best exergy efficiency among all process components. Total exergy destruction rate of the process is 1.93×107kW. Results of exergoeconomic analysis demonstrates that maximum exergy destruction and capital investment operating and maintenance cost rate are related to the multi-stream heat exchanger H-1 and pump P-1 with the values of 335,144 ($/h) and 12,838 ($/h), respectively. In the sensitivity analysis section the effects of the varying economic parameters, such as interest rate and plant life time are investigated on the trend of the capital investment operating and maintenance cost rate of the major components of the process and in another cases the effect of the gas turbine isentropic efficiency on the exergy and exergoeconomic parameters are studied.