In liquefied natural gas (LNG) power plants, a significant amount of heat and cold energy is consumed to capture and store carbon dioxide (CO2) emitted during the combustion of fossil fuels. The proposed system addresses this problem by utilizing the temperature difference between waste heat and cold energy as a power source to generate electricity. In this study, a novel waste heat and cold energy recovery system for a postcombustion LNG power plant was developed using an organic Rankine cycle (ORC). To design the proposed system, a process model was developed with the following five parts: (i) LNG vaporization, (ii) natural gas combined cycle (NGCC), (iii) amine scrubbing, (iv) CO2 liquefaction, and (v) CO2 injection. In the proposed system, waste LNG cold energy is used for lean amine cooling and CO2 liquefaction. The liquefied CO2 was pressurized to meet the injection pressure requirements. The ORC uses high-temperature exhaust gas from the NGCC as the heat source and high-pressure liquefied CO2 as the heat sink. The economic feasibility of the proposed system was demonstrated by an economic assessment, with the net profit evaluated by a sensitivity analysis considering variations in water, electricity, and equipment costs. Consequently, the proposed system exhibited an 18.6% increase in net power production compared to the conventional system. In addition, the net profit of the proposed system exhibited a 76.7% increase compared to the conventional system, confirming its economic feasibility.
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