Abstract
AbstractProcess heat electrification offers the prospect of deep decarbonization of the chemical and allied industries. Replacing fossil fuel‐fired boilers with electric units can reduce carbon emissions if the power mix has a large share of renewables. For multinational firms with plants in multiple locations, the electrification decisions should be scheduled based on grid carbon intensity projections and should also be coordinated among these subsidiaries. In addition, carbon credits can be traded among the multiple sites to allow lagging plants to reduce their carbon footprints. A novel mathematical model has been developed to optimize process heat electrification plans in multinational corporations. The model determines the optimal timing of electrification at each location, and also the necessary level of carbon trading among subsidiaries. An illustrative case study demonstrates how the model can be used to generate electrification plans that are superior to those based on simple heuristics.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
