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AbstractA microwave-hot air belt dryer (MHABD) showed high specific energy consumption (SEC) due to its limited material processing capacity and extended drying time. Thus, this research presents the development and performance evaluation of an industrial microwave-hot air belt dryer (IMHABD) for drying Namdokmai Sithong mango slices. The IMHABD system, optimized using the COMSOL Multiphysics program, features a 0.9 m × 4.08 m × 0.5 m chamber with 36 magnetrons having a maximum microwave power of 28,800 W (each magnetron produces 800 W) at a frequency of 2,450 MHz. Two drying methods were studied, step-down microwave power drying (IMHABD-S) and constant microwave power drying (IMHABD-C). IMHABD-S, with a power range of 150–350 W combined with hot air at 65 °C, outperformed IMHABD-C, delivering enhanced drying rates, improved color attributes, and reduced shrinkage, along with decreased hardness and toughness values. All dried slices had a water activity lower than 0.6. An IMHABD-S operated at 350 W for 1.5 h showed the lowest SEC. Economic analysis revealed strong support for the IMHABD process, with a net present value (NPV) of 13,647 USD, an internal rate of return (IRR) of 15%, and a 4.95-year payback with a 10-year service life, highlighting its technical efficacy and economic viability for mango drying applications. [ABSTRACT FROM AUTHOR]

We present new estimates of the internal rate of return to early childhood education. Utilizing the nationwide expansion of preschool education in Japan between 1960 and 1980, we initially assess the impact of preschool attendance on high school graduation and college enrollment for men. Subsequently, we compute the social rate of return to preschool attendance for men by drawing upon national wage statistics to project expected wage trajectories and referencing government documents to account for the social cost of preschools. Our findings indicate a social rate of return ranging from 5.7% to 8.1%, consistent with previous estimates in the literature. [ABSTRACT FROM AUTHOR]

The mixture of cotton straw and plastic mulch film is co-treated by mobile pyrolysis technology for co-production of biochar, bio-oil and electricity, which shows good economic benefits and CO 2 emission reduction capacity while controlling environmental pollution. [Display omitted] • Co-pyrolysis approach resolves the application of high-ash straw and film mixture. • TEA and LCA perform the comparison of mobile pyrolysis and concentrated pyrolysis. • Mobile pyrolysis achieves short PBP of 4.32 years and low GWP of −1.298 kgCO 2 -eq. The widespread use of plastic mulch film (PMF) has led to significant environmental pollution, with PMF residues dispersed and mixed with straw and soil, posing challenges for recycling. Here, we proposed the mobile pyrolysis facility for the cotton straw and mulch film mixture (CMM) to mitigate the collection, storage, and transportation costs, while the application of co-pyrolysis technology for CMM conversion could improve the added value of products. Additionally, centralized combustion power generation and centralized pyrolysis systems were also established to evaluate and compare their sustainability from economic and environmental perspectives. Results showed that mobile pyrolysis has better economic performance than the centralized scenarios, due to its high internal rate of return (31 %) and significant net present value (29.21 M USD). Meanwhile, the mobile pyrolysis facility achieved a GWP of −1.298 kgCO 2 -eq/kg, reducing emissions by 70.79 % and 38.82 % compared to the two centralized scenarios. In conclusion, mobile pyrolysis technology provides a promising solution for PMF residue recycling because of its economically competitive approach with a lower carbon footprint. [ABSTRACT FROM AUTHOR]

As more renewable energy sources are integrated into the United Kingdom's power grid, flexibility services are becoming integral to ensuring energy security. This has encouraged the proliferation of Lithium-ion battery storage systems, with 85 GW in development. However, battery degradation impacts both system lifespan and the economic viability of large-scale projects. With rising commodity costs and supply chain issues, maximising the value of energy storage is critical. Traditional methods of mitigating battery ageing rely on static limits based on inflexible warranties, which do not fully account for the complexity of battery degradation. This study examined an alternative, degradation-aware current derating strategy to improve system performance. Using an optimisation model simulating UK energy trading, combined with an electro-thermal and semi-empirical battery model, we assessed the impact of this approach. Interviews with industry leaders validated the modelled parameters and the relevance of the alternative strategy. Results show the degradation-aware strategy can extend battery lifetime by 5–8 years and improve net present value and internal rate of return over a 15-year period compared with traditional methods. These findings highlight the economic benefits of flexible, degradation-aware operational strategies and suggest that more adaptive warranties could accelerate renewable energy integration and lower costs for storage operators. [ABSTRACT FROM AUTHOR]

Volatile electricity prices have raised concerns about the economic feasibility of wind projects in Finland. This study assesses the economic viability and optimal operational strategies for integrating wind-powered green hydrogen production systems. Utilizing modeling and optimization, this research evaluates various wind farms in Western Finland over electricity market scenarios from 2019 to 2022, with forecasts extending to 2030. Key economic metrics considered include internal rate of return, future value, net present value (NPV), and the levelized cost of hydrogen (LCOH). Results indicate that integration of hydrogen production with wind farms shows economic benefits over standalone wind projects, potentially reducing LCOH to €2.0/kgH 2 by 2030 in regular and low electricity price scenarios, and to as low as €0.6/kgH 2 in high-price scenarios. The wind farm with the highest capacity factor achieves 47% reductions in LCOH and 22% increases in NPV, underscoring the importance of strategic site selection and operational flexibility. • Volatility of electricity prices raises viability concerns for wind producers. • Examining the optimal operation and economic feasibility of wind-hydrogen systems. • Evaluated wind farms in Western Finland from 2019 to 2022, with a 2030 outlook. • Integration with hydrogen production enhances financial resilience and adaptability. • Strategic site selection and adaptive PEMEC operational plans found crucial. [ABSTRACT FROM AUTHOR]

The waste sector is a substantial source of GHG emissions worldwide. Open dumping and internal combustion (IC) waste collection vehicles are significant sources of GHG emissions in Vavuniya. This research aims to estimate GHG emissions and recommend strategies to reduce emissions from the solid waste management sector. The IPCC methodology, considering Tier 1 estimation values based on default activity data, was used to estimate CH4 emissions from solid waste disposal sites. GHG emissions from collection vehicles were calculated based on IPCC mobile combustion recommendations. Three recommended strategies were considered based on demand, economic, and environmental feasibility and are expected to commence in 2025. According to current practices, open dumping generated 29.217 Gg of CO2 equivalent up to 2023, projected to rise by 37.8% by 2040. There will be a 57% decrease in open dumping‐related GHG emissions by 2040 if composting is made mandatory for biodegradable waste, even though it produces emissions. Solar panels will be used to charge electric vehicles that will replace IC ones to cut emissions and fuel expenditures by 2025. The carbon sink reforestation program at the district level would need to begin in 2025 with an area of 161 hectares to sequester cumulative GHG emissions from composting dumpsites and fuel vehicles to achieve carbon neutrality by 2040. Investments from Vavuniya Carbon Sink Bonds (VCSB) on additional solar panels will ensure financial feasibility, having an internal rate of return of 23.18%. It paves the path to reducing GHG emissions, which is highly emphasized in the Nationally Determined Contributions, National Climate Change Policy, and waste management policy of Sri Lanka. [ABSTRACT FROM AUTHOR]

Objective. To evaluate the economic viability of a continuous supplementary feeding scheme (CSFS) in local goats from the end of gestation and during lactation in a region of Coahuila State, in northern Mexico. Materials and methods. Twenty-four local goats were utilized: control group (CG, n=12) and supplemented group (SG; n=12). In both groups daily milk production (DMP), per lactation (TMPL), and per lactation stage [early (MPEL) middle (MPML), and late lactation (MPLL)], duration of lactation (DL, days), final live weight (FLW), and final body condition (FBC) were recorded; and in kids birth weight (BW), weight at sale (WS), age at sale (AS), and mortality rate (MR). An economic analysis was performed according to the methodology of the American Agricultural Economics Association. Costs of daily supplementation, labor for the handling and care of the animals, and prices from sale of milk and kids were considered, as well as the Internal Rate of Return (IRR). Results. The best productive performance and highest incomes were for SG (p<0.05) for all variables, except AS and MR. The highest values in CG (p<0.05) were for AS and economic profit for all variables, except in MPEL and IRR for TMPL. There were positive profits for SG in MPEL and MPML, and negative in MPLL for SG, but with higher FBC. Conclusions. The CSFS is economically viable to increase income and profits from kids and milk sales and, in addition, improves the FBC of the dams. [ABSTRACT FROM AUTHOR]

Bamboo, recognized for its rapid growth, high yield, and fiber performance is prominent in the fiber‐based bioproduct industry. However, the absence of US industrial bamboo plantations for fiber production necessitates reliance on imports or locally manufactured products using imported bamboo fibers, predominantly from China. This study evaluates the economic viability of cultivating bamboo in the Southern US for fiber production, with a case study on hygiene tissue products. The supply‐chain analysis was assessed to calculate bamboo chips' minimum selling price (MSP) at the farm gate for an 8% internal rate of return (IRR). The MSP, influenced primarily by land rental costs, ranges from USD 48 to 55 per bone‐dry metric ton (BDt). Despite an initial establishment cost of ~USD 2 000 ha−1 and profitability by year 5, bamboo is a viable, long‐term fiber alternative. Successful bamboo cultivation in the US could lead to a more sustainable implementation of alternative non‐wood fibers for hygiene tissue applications. [ABSTRACT FROM AUTHOR]

The investment potential for biochar production from low‐value forest biomass in the western USA is over USD 20 billion at current carbon prices. This investment could generate approximately 70 million carbon credits annual – roughly the same number currently generated globally by all forestry and agricultural carbon projects. Biochar production that utilizes woody biomass specifically from wildfire fuel thinning projects as a feedstock can contribute financially to much‐needed fuel thinning projects. Each coupled biochar and carbon credit production system has positive returns in certain scenarios. Light upgrades to existing biopower facilities have the highest returns, with internal rates of return generally between 10–30%. Mobile biochar production often had the lowest returns. However, land managers can subsidize mobile biochar production up to USD 150–300 per tonne of biochar and still save money in comparison with pile‐burning low‐value biomass while also generating approximately one carbon credit for every two bone‐dry tonnes of low‐value biomass turned to biochar. The critical barrier to industry growth is the lack of transparent biomass supply chains that enable long‐term contracting for feedstock, production schedules, and investment. Moving forward, there are three potential pathways for the biochar industry to scale and utilize biomass from forest management and fuel thinning projects. Either (1) the carbon market will need to sustain high carbon prices, (2) a subsidy or other mechanism will need to decrease the cost of feedstock biomass, or (3) production will need to take advantage of economies of scale to bring down biochar prices while increasing production. [ABSTRACT FROM AUTHOR]

Challenges and opportunities are faced in the development of marginal oil reserves that are often uneconomical to exploit conventionally. The main objective of this study was to determine whether the project is a viable investment based on the given assumptions, as well as whether the potential returns can justify the risks associated with marginal oil reserves. The research method involved the use of key financial metrics such as Net Present Value, Internal Rate of Return, and Payback Period, using a discount rate of 10%, which is standard in the oil and gas industry. The results show that the project has a positive NPV of USD 124,462.38, an IRR of 13.13%, and a PBP of 4 years and 5 months. These results indicate that the project is financially viable, with returns exceeding the capital cost of the project. Further sensitivity analysis identified that oil prices and production levels are the most critical factors affecting the financial outcome of the project. Compared to the WACC of 10.25%, the IRR of 13.13% indicates that the project exceeds the minimum required rate of return, thus justifying the investment. The implications of this study highlight the importance of proper operational management and market risk mitigation to maintain profitability. [ABSTRACT FROM AUTHOR]

Intangible capital is a key input to production that is distinct from tangible capital. Most forms of tangible and intangible capital have observable, pecuniary values. Their complement is non‐marketed capital. This paper studies non‐marketed capital from the points of view of an investor contemplating investing in a project and of a manager running the project. At the point of investment, an apparent positive net present value is realized through the marshalling of non‐marketed capital. When capital is viewed all‐inclusively, a full accounting reveals that (1) optimally timing investment serves to maximize the value of the non‐marketed capital eventually associated with an investment project, (2) the "full" net present value at investment is zero, (3) the internal rate of return is identically equal to the external interest rate, (4) Tobin's q is identically equal to one, and (5) marginal analysis is inapplicable to non‐marketed capital and thus to all capital. [ABSTRACT FROM AUTHOR]

Nearly 1 billion people still lack electricity access. Developing countries are investing billions of dollars in "last-mile" electrification, although evidence on its economic impacts is mixed. We estimate the development effects of rural electrification in the context of India's national electrification program, RGGVY (Rajiv Gandhi Grameen Vidyutikaran Yojana), which reached over 400,000 villages. Using regression-discontinuity and difference-in-differences designs, we estimate that RGGVY meaningfully expanded electricity access. However, the program generated limited economic impacts after 3–5 years. Scaling our intent-to-treat estimates using instrumental variables, we find that "full electrification" reduces welfare in small villages but has a 33% internal rate of return in large villages. [ABSTRACT FROM AUTHOR]

Demand for tropical timber is expected to rise due to an increased global need for sustainable renewable materials. However, sustainable tropical timber production remains a challenge for the global wood product supply chain, especially for high-value tropical hardwoods. Restoration of degraded lands through enrichment planting of native hardwood species could provide a solution, but the financial viability of using native tropical tree species remains largely unknown. We evaluated the financial viability of 22 hardwood tree species native to northern Borneo in enrichment plantings of a degraded forest in Sabah, Malaysia. We investigated how the species' financial value, expressed as an internal rate of return (IRR) based on land expectation value, varied with their functional trait composition. We found that high financial value was positively correlated with trait values associated with a conservative growth strategy, i.e., financial value was negatively correlated with leaf calcium, magnesium, and nitrogen content, as well as with leaf pH and specific leaf area. Trees with these traits showed a high IRR, partly explained by relatively fast growth and high survival rates. For the most economically promising species, Shorea macrophylla, we estimated that enrichment planting for forest restoration could reach IRRs up to 7.8%. Our results showed that enrichment planting for high-value hardwood production in degraded forests can be financially viable, with variation among species, and that various traits associated with a more conservative growth strategy were linked to high financial value. [ABSTRACT FROM AUTHOR]

Climate-smart agriculture (CSA) is a climate-resilient practice that stands out globally as an important practice through which we can deal with emerging challenges through adaptation and mitigation to increase crop productivity and resilience. Despite its significance, a comprehensive cost–benefit analysis of the adoption of these practices has not yet been carried out. This study aims to bridge the knowledge gap between the cost and effectiveness of CSA practices adopted by small-scale farmers in growing rice, wheat and maize, the most staple crops in the Gandaki River Basin of Nepal. In this study, net present value (NPV), internal rate of return (IRR), benefit–cost (BC) ratio, net benefit investment (NK) ratio and payback period, along with the value of externalities (social and environmental), were employed to assess the profitability of CSA practices. The findings indicate that almost all the CSA practices analyzed were profitable, with the exception of solar water management in maize with very low IRR (6%) and a longer payback period. The outcome of this study offers valuable insights for farmers in choosing profitable CSA technology and for policy makers in promoting better CSA technology, upscaling CSA practices, and formulating new agricultural policies and programs in the context of the changing climate. [ABSTRACT FROM AUTHOR]

This study aimed to assess the feasibility of utilizing sweet potato waste for distilled beverage production in two process scenarios: (i) acid hydrolysis and (ii) enzymatic hydrolysis. Laboratory experiments were conducted using in natura sweet potato waste and the data obtained were used to design a production system capable of producing 1000 L of distillate per day. Net present value (NPV), internal rate of return (IRR), and discounted payback indicators were used for economic analysis, with a minimum attractiveness rate (MARR) of 15%. The initial investment for the projects was BRL 1 139 610.86 (USD 223 146.80) for enzymatic hydrolysis and BRL 1 314 824.54 (USD 257 455.36) for acid hydrolysis. Packaging costs were identified as the greatest expenses in the process. Assuming a selling price of BRL 14.50 (USD 2.84), the enzymatic hydrolysis process demonstrated an NPV of BRL 4 792 520.77 (USD 938 421.92) and IRR of 83.39%, and the acid hydrolysis process showed an NPV of BRL 2 191 636.78 (USD 429 143.68) and IRR of 42.49%. Consequently, establishing a production plant for distilled beverages proved to be more economically attractive when employing the enzymatic hydrolysis process and fermentation simultaneously, resulting in a return on investment within 1.46 years of operation. Upon scrutinizing the gain matrix, it became apparent that critical factors with the potential to affect the project's feasibility detrimentally, if increased, included the cost of acquiring packaging, the final volumetric fraction of the distilled beverage, and the tax rate. Nevertheless, an upturn in the selling price of the beverage and a process improvement yield both have the potential to underpin the project effectively. [ABSTRACT FROM AUTHOR]

Mechanical recycling and chemical upcycling by thermochemical reactions have been the major approaches for recycling end-of-life plastics. Herein, we report an electrified approach to upcycle waste plastics into carbon-negative commodity chemicals using greenhouse gas CO2 as the oxidant and additional carbon source. In this non-equilibrium plasma process, waste polyolefins were oxidatively depolymerized by plasma-activated CO2 to produce oleochemicals and hydrocarbon chemicals in a single-step process at high reaction rates. In addition, a mixture of CO2 and a small amount of O2 was employed as plasma gases to selectively produce fatty alcohols from polyolefins. Based on this atmospheric pressure, non-solvent, and non-catalyst process, up to 97.6% of fatty alcohols could be produced within minutes. In this article, the co-conversion approach was demonstrated using common polyolefins and real-world mixed waste plastics to obtain comparable results. The techno-economic analysis estimates the internal rate of return to be 42.2% and 43.5% for the plasma-based conversion of waste plastics, depending on the plasma gas composition. Lifecycle assessment indicates the global warming potential is between −3.33 and −3.07 kg CO2e per kg of plastic. [ABSTRACT FROM AUTHOR]

Copyright of Environmental & Social Management Journal / Revista de Gestão Social e Ambiental is the property of Environmental & Social Management Journal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Bread wheat germplasm is accessed from the International Maize and Wheat Improvement Centre (CIMMYT) and the International Centre for Agricultural Research in the Dry Areas (ICARDA) by Australian wheat breeders and researchers through the CIMMYT Australia ICARDA Germplasm Evaluation (CAIGE) program. The CAIGE program coordinates the selection, importation, quarantine, dissemination, and evaluation of the imported bread wheat germplasm and the management of associated data and information. This paper describes the CAIGE model and assesses both the genetic and economic impacts of these materials on the Australian wheat industry after commercialisation of wheat breeding in the early 21st century and the establishment of CAIGE. The CAIGE concept was validated using data collected and analysed from multi-environment trials between 2017 and 2020. The impact of cultivars with and without CAIGE contribution to pedigree on yield was estimated using production-by-variety statistics. Net gain in yield, estimated as the yield difference between CAIGE and Non-CAIGE varieties, was multiplied by the percentage contribution to pedigree to estimate the additional yield. The CAIGE bread wheat program identified diverse, high-yielding, and disease-resistant germplasm and significantly improved the capture and dissemination of information. The benefit-cost ratio, calculated as the sum of benefits divided by investments, indicated that, for every dollar invested in CAIGE, a further $20 was generated in benefits. The internal rate of return was estimated at 163% and the modified rate at 18%. The benefits of these international materials to Australian wheat breeding remained significant. [ABSTRACT FROM AUTHOR]

For Egypt, ethane is a vital chemical precursor, with the potential to significantly attract financial resources and drive economic growth. Enhancing its added value necessitates efficient recovery of ethane before it enters the national grid without processing. This research investigates the technical and economic feasibility of integrating natural gas liquids (NGLs) from three Egyptian NGLs plants—South Western Desert NGLs (SWD NGLs), North Western Desert NGLs (NWD NGLs), and East Mediterranean NGLs (EMD NGLs)—to improve ethane recovery from natural gas fields. The study focuses on revamping these NGLs plants using various NGLs recovery techniques, conducting a comprehensive comparison to identify the most effective methods for processing rich feed gas. Detailed design of the NGLs recovery processes was developed using HYSYS V.14 simulation software and supplementary calculation sheets. The design criteria encompass both technical and economic parameters to ensure a holistic approach in meeting project requirements. Results indicate a significant increase in ethane recovery: 16% for SWD NGLs, 10% for NWD NGLs (A, B, C), and 85% for EMD NGLs. This improvement will boost ethane feedstock for petrochemical companies from 2000 ton/day to 3500 ton/day, enabling increased polyethylene production. Economic analysis for the base case shows an expected internal rate of return (IRR) of 26%, a net present value (NPV) of USD 73 million, and a payback period of approximately 3 years. Sensitivity analysis on product prices, feed gas prices, and total capital investment confirms the project's economic viability, with all cases showing feasibility (IRR ≥ 15%) except when product prices fall below USD 225/ton for propane, USD 215/ton for liquefied petroleum gas (LPG), and USD 25/bbl for condensate. This study highlights the potential for enhanced ethane recovery, offering substantial economic benefits and supporting the growth of Egypt's petrochemical industry. [ABSTRACT FROM AUTHOR]

Ecuador, like every country in the world, urgently requires a conversion of transportation to electric power, both for economic and environmental reasons. This paper focuses on the technical and economic feasibility of a solar-powered electric charging station equipped with battery storage in Cuenca, Ecuador. By reviewing current literature, we assess the environmental impact of electric mobility and its potential to reduce fossil fuel dependence and generate energy savings. The analysis encompasses various factors, including EV energy consumption, solar energy system sizing, energy production, and battery storage capacity. Key findings indicate that integrating solar PV systems with EV charging stations efficiently supports a reliable and sustainable energy supply. Simulation results reveal seasonal variations in solar generation, highlighting the importance of proper system sizing to maintain charging supply reliability and manage surplus generation. The economic analysis of three scenarios underscores the financial viability of implementing PV systems without battery storage, yielding a positive Internal Rate of Return (IRR) and Net Present Value (NPV). However, scenarios with battery storage present negative NPV and long investment return periods, impacting economic viability negatively. These insights underscore the need for a balanced design to ensure sustainability and economic feasibility in the transition to electric mobility. [ABSTRACT FROM AUTHOR]

High investments and low economic efficiency of agricultural biogas plants operating on farms are two of the main barriers to the development of the biogas plant sector. Identification of economic and financial problems related to the operation of such facilities allows for the reduction of entry barriers for private investors, especially farmers. The aim of this research was to analyze the economic efficiency of investing in an agricultural biogas plant operating at a dairy farm. For the analysis, the case study method was applied. The economic efficiency of investment in a biogas plant was assessed using six different cash flow options. The NPV (net present value) and IRR (internal rate of return) methods were applied to assess the economic efficiency of the investment. It was found that the investment project for an agricultural biogas plant with a capacity of 0.499 MW located at a dairy farm required a subsidy of approximately 40–60% of the value of to ensure satisfactory economic efficiency. It has been shown that a particularly important aspect in assessing the economic efficiency of an investment in an agricultural biogas plant is the use of an economic calculation that takes into account the valuation and quantification of all positive external effects of such projects. [ABSTRACT FROM AUTHOR]

This article studies Rotating Savings and Credit Associations (ROSCAs) in late imperial and Republican‐era Shanxi province, China, from the eighteenth to the twentieth centuries. It investigates how communal finance fostered pre‐industrial economic growth and commercial activity. Drawing on previously unused, original materials from historical Shanxi ROSCAs and households, it makes several important discoveries. First, it finds widespread ROSCA participation, estimating no fewer than 7.1 per cent of Shanxi households participated in ROSCAs. Second, it estimates expected internal rates of returns on ROSCA membership at 2.55–6.01 per cent annually. This suggests that ROSCAs were economically competitive with other Chinese traditional financiers, which often charged more for loans and offered less to savers. Third, it finds a surprising degree of liquidity for ROSCA shares. Finally, it uncovers commercial entities participating in ROSCAs, suggesting ROSCAs could be useful to for‐profit enterprises. The article concludes that ROSCAs and communal finance may have played an important role in supporting pre‐industrial economic activity. [ABSTRACT FROM AUTHOR]

Taiwan's encouragement of installing solar photovoltaic power plants (SPPPs) on warehouse rooftops is a step towards sustainability and profitable investment. This study, analyzing the installations of STY Company, found that rooftop SPPPs significantly boost revenue, with rates increasing from 2.0088% to 6.8681% over 20 years. The break-even point is in the 7th year, with a return rate ranging from 2.0088 to 2.1748%. This shows that SPPP investments are a benefit for investors, shortening construction times and allowing warehouses to sell solar energy at an earlier date. This research utilized a fuzzy nonlinear multi-objective programming model to examine trade-offs between construction time, cost, quality, and revenue (TCQR) to optimize SPPP construction. The findings suggest that reducing construction time is an effective strategy to lower carbon emissions despite potential cost increases. However, time and quality costs are inversely proportional, highlighting the importance of efficient project management in minimizing the impacts of this trade-off. Adjusting funding can maintain quality while speeding up construction. Completing projects early also heightens revenue from green energy sales, offsetting higher initial investments. The TCQR focuses on investment revenue, managing time efficiently, and making data-driven decisions to expedite SPPP development. This model improves project profitability and promotes sustainable growth by reducing construction time and optimizing financial strategies. This study's contribution includes: 1. Optimizing the installation process of warehouse rooftop SPPPs, which provide significant long-term revenue and environmental benefits. 2. Combining the different research methods of scholars into fuzzy methods that can solve complex systems with high uncertainty. The nonlinear model put forth by this study is closer to the actual situation and can handle balancing complex problems in multi-objective programming. 3. Improving the efficiency of time management to make it feasible to reduce construction time to lower carbon emissions. 4. Concocting a comprehensive approach integrating financial, environmental, and operational factors for successful SPPP development. This study addresses an academic gap. Previously, scholars conducted research independently, focusing solely on financial investment or time, cost, and quality (TCQ) issues without considering the two together. By combining financial investment with TCQ, this study fills a significant gap in academic research. According to this study, better investment returns could improve the promotion of solar energy. Unlike previous research, this study integrates the analysis of TCQ with that of revenue by assessing costs and revenues together. This approach allows decision-makers to derive judgments from the TCQR model quickly. [ABSTRACT FROM AUTHOR]

Agriculture is extremely vulnerable to climate change. Changes in precipitation and temperature patterns will result in long-term declines in production and short-term crop failures. These short- and long-run impacts are projected to be particularly severe in developing countries because of high exposure to climate change impacts and dependence on rain-fed agriculture. To overcome the challenges of a changing climate on agricultural production in West Africa, farmers implement a range of adaptation strategies. Using a systematic review of spatial–temporal empirical literature published on climate change adaptation in the West African ecological region and data collected from semi-structure interviews to farmers, we identified adaptation strategies in West Africa and explored their efficiency computing their cost–benefit ratio to examine farmers' private returns per dollar spent. Our results show that 91 adaptation strategies are employed by farmers in the sub-region, classified into six categories: cultural practices, forest management strategies, land management practices, water management strategies, risk management strategies and the use of improved technologies. Our results show that planting of trees, increased use of fertilizers, use of resistant varieties, mixed farming and crop diversification are the strategies that generate the highest returns, with highest annual mean net benefits. Mulching was also found a financial attractive as it generates the greatest returns per dollar spent ($3.2) and internal rate of return due to its low associated cost. The adaptation options that generate net mean annual losses were water harvesting, erosion control and making of big mounds. In a scenario with a 10% annual increase in annual benefits and costs over a period of five years, all the adaptation strategies, apart from water harvesting, will yield positive net present value benefits for the farmers. Since any climate change adaptation will inevitably have heterogenous financial implications to farmers, result from this study sheds light on farmers' private incentives to embark on adaptation strategies and provides information needed for decision support on adaptation measures choice selection, policy and planning across the sub region with relevance to other areas. [ABSTRACT FROM AUTHOR]

Copyright of Revista Foco (Interdisciplinary Studies Journal) is the property of Revista Foco and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This study evaluates the financial viability of investing in solvent printing machine units for producing two products--flexible material and sticker material--targeted at the MSME sector. The research uses capital budgeting techniques to determine project profitability, focusing on net present value (NPV), internal rate of return (IRR), payback period (PP), and profitability index (PI). The analysis finds that the project is financially viable, with an initial investment of IDR 281 million yielding an NPV of IDR 288.4 million and an IRR of 69.84%. The investment is projected to be recouped in under two years, with a profitability index of 5.13. Based on these findings, the research recommends increasing marketing efforts for flexible materials, supporting community initiatives, and offering free design services as strategies to enhance profitability and community engagement. These recommendations align with the financial analysis, suggesting ways to maximize returns and build customer loyalty. [ABSTRACT FROM AUTHOR]

Pit J is a new pit at Binungan 8 that will be developed to the west in 2024 and has a mine life of 9 years. The initial plan was to develop Pit J, which produced around 23 million tons of coal. However, there is a second alternative that can increase Pit J production to 28 million tons. Therefore, a project investment analysis of these two alternatives was conducted to determine which mining scheme to take and which is more profitable. This research uses a method of conducting investment valuation of the Pit J mine project, namely discounted cash flow (DCF). A deterministic approach using DCF was first conducted to determine the value of economic feasibility parameters, including net present value (NPV), internal rate of return (IRR), and payback period. This was followed by the identification of variables that most affect the NPV value through sensitivity analysis. Based on the research, both mining alternatives were declared financially feasible through the discounted cash flow method, with the first alternative having an NPV of 65.8 million USD, IRR of 60%, and a payback period of 4.77 years, while the second alternative resulted in an NPV of 88.4 million USD, IRR of 65%, and payback period 4.55 years. Sensitivity analysis shows that the variable change in Coal price is the most sensitive variable to the valuation of Pit J. Therefore, the second alternative is chosen as the best alternative to run. [ABSTRACT FROM AUTHOR]

The development of electricity infrastructure is an important part of the planning of the electric power system in order to ensure that the condition of the electricity system can meet the load growth plan while still paying attention to safety and economic factors. The 500 kV Cikande Extra High Voltage Substation (GITET) and its 150 kV Outlet are one of the infrastructures that will be built by PT PLN (Persero) with an operational target in accordance with the General Plan for the Provision of Electricity (RUPTL) for 2021 - 2030 in 2025. To be able to carry out the infrastructure development, PT PLN (Persero) needs to prepare a large enough investment fund so that it is necessary to carry out a financial feasibility analysis at the time the investment will be carried out, but the financial feasibility analysis currently carried out still uses a deterministic method, where the input parameters used in the calculation of financial feasibility have not considered the element of uncertainty/risk that will affect the output of the calculation of the financial feasibility study. In this study, the Net Present Value (NPV), Internal Rate of Return (IRR) and Payback Period (PbP) values will be tested against the required investment value by simulating changes in several input parameters simultaneously using the Monte Carlo method. This research aims to ensure that the investment issued by PT PLN (Persero) meets the parameters of financial feasibility by considering the element of uncertainty/risk in the future. [ABSTRACT FROM AUTHOR]

Blue economy approach is slowly gaining significance, and many nations are placing it on their national agendas to strengthen the maritime policy. The sustainable exploitation of marine resources is the key to achieving blue economic development including commercial seaweed farming. The production of red seaweeds with superior-quality agar in India has propelled research to develop viable cultivation technologies. However, the carragenophyte Kappaphycus alvarezii has more industrial support and is the only seaweed taxa commercially farmed in India. The present investigation offers a comparative economic case study between these two groups. Critical economic parameters were analyzed for important operational components, i.e., individual-centric operation and family-centric operation, under three scenarios namely, without subsidy and 40% and 60% subsidy respectively. A lowest payback period was noticed for K. alvarezii cultivated by the family-centric operation under all three scenarios (without subsidy: 0.76 year; 40% subsidy: 0.61 year; 60% subsidy: 0.53 year). However, the minimum breakeven point in the range of 7.3–10.1 dry tons was reported in the case of farming of Gracilaria dura under different subsidies, followed by K. alvarezii (breakeven point value: 15.1–22 dry tons). The net present value and internal rates of return of K. alvarezii were found to be 3123–8863 USD and 31–90%, respectively under different subsidies. All four agarophytes resulted in negative net present values irrespective of subsidy scenario and hence, it is not economically viable. In terms of profit, among five seaweeds, K. alvarezii only showed a profit of 328–902 USD and 4905–10,646 USD for individual and family-centric models, respectively. The more comprehensive analysis with realistic costing—considering uncertain weather conditions and disease infestation—also pointed out the superiority of family-centric operations. The projections from economic analysis revealed that commercial farming of agarophyte is not viable at individual and family-centric operations, but K. alvarezii farming is viable for both operations in India. [ABSTRACT FROM AUTHOR]

[Display omitted] • Coconut shell emerged as a feasible feedstock. • Optimal ER ranges between 0.1 and 0.3, promoting higher syngas yields. • Plant D achieving a significantly lower levelized cost of electricity of US$0.19/kWh. • Larger plant (Plant C-D) demonstrates strong economic performance with a PBP of 3.28 years and 1.69. This research aims to evaluate the techno-economic viability and commercial potential of biomass gasification across different capacities. Sensitivity analysis was conducted based on an established downdraft gasifier model using Aspen Plus. Results underscored the significant impact of gasification temperature and equivalence ratio (ER) on syngas composition, low heating value (LHV), and cold gas efficiency (CGE). Among the feedstocks tested, coconut shell emerged as a feasible feedstock, yielding syngas with an LHV of 8.93 MJ/Nm3 and achieving a CGE of up to 71.12 %. Optimal gasification temperatures ranged between 750 °C to 1,000 °C, with peak ER falling within 0.1 to 0.3. Economic analysis revealed that smaller-scale operations like Plant A resulted in a negative net present value of − US$0.63 million, indicating unfavorable investments. The internal rate of return notably increased from 9.53 % for Plant B compared to −2.56 % for Plant A (20 kW). Plant D, with larger capacity of 20 MW, showed an impressive payback period of less than two years (1.69 years). Medium to large-scale plants such as Plant C (2 MW) and Plant D demonstrated greater economic resilience, with Plant D achieving a significantly lower levelized cost of electricity of US$ 0.19/kWh compared to Plant A at US$ 0.86/kWh. It was noted that the impact of capital costs, operating expenses, and revenue variations is less pronounced at larger scales. The findings from this study shed light on the feasibility of biomass gasification for power generation as a viable option, thereby unlocking the potential for its large-scale commercialization. [ABSTRACT FROM AUTHOR]

Purpose: The aim of this Education Briefing is to comment on the problematic issues that sometimes arise when using the internal rate of return (IRR) and/or the net present value (NPV) as a measure of expected investment performance. The briefing looks at the sometimes conflicting signposts that each benchmark presents and highlights ways that decision-makers can overcome or mitigate the effects of those problematic issues. Design/methodology/approach: After a short review of the IRR and NPV techniques, this Education Briefing provides numerous examples of problematic issues that arise with certain cash flow profiles and suggests how to address them. Findings: Both the IRR and NPV provide simple benchmarks that can mislead the decision-maker who is not familiar with the nuances of both techniques. Practical implications: This review should heighten the reader's ability to spot characteristics of proposed investments that may signal that a quick decision based on performance metrics may lead to disappointing results. These characteristics include: scale effects, unusual cash flow patterns and/or investments with dissimilar expected lives. Mutually exclusive investments merit special attention. Originality/value: This is a review of existing performance measurement models. [ABSTRACT FROM AUTHOR]

The purpose of this study is to monitor various available methods for evaluating the efficiency of economic business projects, to determine their advantages and disadvantages, as well as to develop a number of recommendations for improving these methods. The objectives of the research are: to analyze the existing methods for evaluating the efficiency of economic projects; determination of the advantages and disadvantages of each of the methods; development of recommendations for improving the practice of evaluating the efficiency of economic projects. The article discusses the theoretical and practical aspects of evaluating the efficiency of business projects. The authors emphasize that the evaluation of efficiency of the project is an important stage in its development and implementation, as it allows you to determine the feasibility of its implementation and make optimal decisions on its financing and the functioning of the business as a whole. The practical aspects of evaluating the efficiency of economic projects are analyzed in detail. Efficiency evaluation is an important stage in the project life cycle, which involves a detailed consideration of the financial, economic and social aspects of its implementation. The authors also highlight the methods and tools that are used to conduct the evaluation, describe in detail the financial models that allow calculating efficiency indicators, such as NPV (net present value), IRR (internal rate of return) and some others. In the context of making informed decisions on the implementation of the project, it is emphasized that practical efficiency evaluation is becoming a key tool for management and investors. It provides specific numerical data and analytical information that serves as the basis for deciding whether to proceed with a project. In general, the evaluation of the efficiency of economic projects is an important tool for decision-making on the implementation of projects. Under martial law, this evaluation becomes even more relevant, as it is necessary to ensure the efficient use of limited resources and the compliance of projects with the needs of the population. To improve the practice of evaluating the efficiency of economic projects, it is necessary to develop new evaluation methods that take into account the time value of money, the ability to compare projects with different capital intensity and ease of use in practice. We believe that the implementation of the recommendations presented in the article will improve the quality of evaluating the efficiency of economic projects in Ukraine and will contribute to the effective use of limited resources for the country’s recovery.

This study focuses on designing a solar thermal system utilizing parabolic trough collectors to replace conventional heat requirements in industrial processes. The research also assesses the impact of implementing this system on reducing CO2 emissions and provides economic analysis for industrial cities from two geographically different islands in Indonesia: Java and Sulawesi. This study uses a parabolic trough collector to absorb energy from sunlight. Based on the calculation of the energy balance of the solar collector, the average heat absorbed by the collector is 545.5 kJ m−2 h−1 in Java and 606.5 kJ m−2 h−1 in Sulawesi. As a result, approximately 67.55 tonnes of CO2 per day will be mitigated by transitioning from conventional processes. The economic analysis indicates a payback period of 3.54 years, a net present value of 1.4 million USD, and an internal rate of return of 12 % based on fuel savings. [ABSTRACT FROM AUTHOR]

Hybrid microgrids, integrating local energy resources, present a promising but challenging solution, especially in areas with limited or no access to the national grid. Reliable operation of off-grid energy systems necessitates sustainable energy sources, given the intermittent nature of renewables. While fossil fuel diesel generators mitigate risks, they increase carbon emissions. This study assesses the viability of integrating a very small modular renewable energy reactor into a microgrid for replacing conventional diesel generators, substantially curbing greenhouse gas emissions. A comprehensive analysis, including design and economic evaluation, was conducted for an off-grid community microgrid with an annual generation and load of 8.5 GWh and 7.8 GWh, respectively. The proposed microgrid configurations incorporate very small modular reactors, alongside solar, wind, and battery storage systems. MATLAB modeling and simulation across eight cases, accounting for seasonal variations, demonstrate the technical and economic feasibility of case 7. This configuration, integrating modular reactors, photovoltaics, wind turbines, and battery storage, satisfactorily meets load demands. Notably, it boasts a high internal rate of return up to ~31% and a shorter payback period of around 4 years compared to alternative scenarios. [ABSTRACT FROM AUTHOR]

This research aims to measuring the efficiency of investment in Moringa farms in New Lands, quantifying the potential impacts of changes in major technical and economic variables on efficiency, and determining the Switching Value for the most affecting variables. A sample of 15 farms, located in Wadi El-Natroun in Alexandria Governorate, was Surveyed and post-stratified into small size farms (5 faddan and less) and large size farms (more than 5 faddan) to generate technical coefficients. Cash flow was prepared per faddan for each scale and IRR and NPV were calculated. Major results and conclusions can be summarized as follows: (1) Investment efficiency was achieved for Moringa production in the Wadi El-Natroun region, where the average internal rate of return was estimated at about 57%. The net present value is about 125.13 thousand pounds. (2) The decrease in the number of trees produced per faddan by 10% led to a decrease in the internal rate of return and the net present value with an average decrease of 19.98% and 22.22%, but it is still good and achieves investment efficiency. The Switching Value for the number of trees was estimated at 540 trees/faddan, 440 trees/faddan, i.e. 71% and 58.67% of the current situation for the small and large capacities, respectively. (3) The prevailing agricultural pattern is (80% moringa leaf production: 20% moringa seed production), and specialization in agriculture for the purpose of producing moringa seeds is the best in terms of the values of the investment efficiency standards used, followed by diversification between seed and leaf production. (4) The Switching Value for the productivity of an faddan of moringa seeds was estimated at approximately 10%, 0% of the current productivity for the small and large capacities, respectively, while the productivity of an faddan of moringa leaves at approximately 54%, 39% of the current productivity for the two capacities, respectively. (5) The Switching Value for the selling prices of seeds was estimated at approximately 88% and 0% of the current prices for the small and large containers, respectively, while for the selling prices of leaves at approximately 62.67% and 53.75% of the current prices for the two capacities, respectively. (6) The change in human labor costs is the most influential item in outflows on the internal rate of return. (7) There are many production and marketing problems facing Moringa producers in the Wadi El Natroun region. The research ended with Some recommendations and mechanisms for achieving them that can help the producer and take more efforts to overcome the problems and encourage growth and production of moringa in Egypt. [ABSTRACT FROM AUTHOR]

Considering the applicability and added value of acetylated starches, it is necessary to find technological variants to obtain them with favorable technical-economic results and energetic and environmental compatibility. The objective of the work is to optimize economic and dynamic indicators of profitability of acetylated starch production, by considering as optimization criteria the productive capacity, the degree of substitution and the temperature of the drying air, establishing the design of the installation in optimal conditions. Technologies adopted from the mechanized native starch processes were selected, and the design and development of the slurry heating, acetylation, and pneumatic drying stages were proposed. A composite central experimental design was generated for profit (P), net present value (NPV), and internal rate of return (IRR), and the quadratic models obtained through the Response Surface Methodology were optimized. For the evaluation of the indicators, the economic indexes of the process were determined, after technological selection, material and energy balances, and technological design. The optimum operating parameters are achieved at a production capacity of 12.57 tcassava/d, degree of substitution of 0.505 and 124.98 °C in the air supply to the pneumatic dryer. Under these conditions, the production of acetylated starch requires larger volume acetylators than for acetylated gelatinized starch process, but the technological requirements of gelatinized pulp are eliminated, achieving remarkable energy efficiency with pneumatic drying. [ABSTRACT FROM AUTHOR]

Technological advancements have improved solar energy generation and reduced the cost of installing photovoltaic (PV) systems. However, challenges such as low energy-conversion efficiency and the unpredictability of electricity generation due to shading or climate conditions persist. Despite decreasing costs, access to solar energy generation technologies remains limited. This paper proposes a multi-criteria decision support system (MCDSS) for selecting the most suitable PV set (comprising PV modules, inverters, and batteries) for microgrid installations. The MCDSS employs two multi-criteria decision-making methods (MCDM) for analysis and decision-making: AHP and TOPSIS. The system was tested in two case studies: Barreiras, with a global efficiency of 14.4% and an internal rate of return (IRR) of 56.0%, and Curitiba, with a worldwide efficiency of 14.8% and an IRR of 52.0%. The research provided a framework for assessing and selecting PV sets based on efficiency, cost, and return on investment. Methodologically, it integrates multiple MCDM techniques, demonstrating their applicability in renewable energy. Managerially, it offers a practical tool for decision-makers in the energy sector to enhance the feasibility and attractiveness of microgeneration projects. This research highlights the potential of MCDSS to improve the efficiency and accessibility of solar energy generation. [ABSTRACT FROM AUTHOR]

Waste generated from Malaysia's paddy milling factories, known as empty and partially filled paddy grain (EPFG), has been improperly managed as it can be further utilized for sustainable resources such as feedstock via biorefinery. However, the critical driver for a biorefinery is whether the proposed design is profitable. In this study, the conversion of EPFG into glucose as an alternative to sustainable management was analysed in terms of their economic performance as feedstock. The process design involved the production of non-concentrated glucose from EPFG using hydrothermal pre-treatment and enzymatic process, which led to the 76% conversion yield. The economic performance for the plant is at 1.04 million USD, 46.9%, and 34.3% for net present value (NPV), return on investment (ROI), and internal rate return (IRR), respectively. The minimum sugar selling price (MSSP), when zero NPV, is at 0.42 $/kg when the co-product revenue is considered. Sensitivity analysis results indicate that the MSSP is highly sensitive to plant size. This economic evaluation serves as an introductory guide to assess the economic performance of paddy milling waste to glucose via enzymatic hydrolysis. The results of the present study could provide insight for the Malaysian paddy industry in managing the EPFG, hence increasing their market potential. [ABSTRACT FROM AUTHOR]

Urban areas have been significantly affected by climate change, leading to an increase in global temperatures. Nature-based solutions, including Vertical Greenery Systems (VGSs), are gaining increasing importance as means of mitigating the effects of climate change. Despite showing significant benefits, the adoption of VGS has been limited, primarily because of the high costs associated with it. This study assessed the economic feasibility of using VGSs to reduce the effects of climate change and enhance urban sustainability. 17 studies were evaluated in accordance with the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines to determine various costs, benefits, and economic indicators associated with VGS. Additionally, the net present value, internal rate of return, and payback period were thoroughly evaluated to gain insight into their long-term economic sustainability. The results show that, although the initial cost of VGS may be high, it can provide long-term financial benefits to building owners and operators through energy savings, increased property values, and reduced operational expenses. Nevertheless, the extended payback period and negative net present values for certain VGS types make them economically unsustainable. This review provides evidence-based guidelines and suggestions for the successful implementation of sustainable VGS. [ABSTRACT FROM AUTHOR]

Fisheries sector provides livelihood to about 25 million fishers and fish farmers at the primary level and almost twice the number along the value chain. The purse-seiner and trawlers are major means of large-scale harvest of marine fishery resources along Karnataka coast. Gangolli landings centre is one of the key marine fish landing centre of Udupi district of Karnataka. The present study evaluated the economic performance of both single day trawler and purse-seiner operated from the landing centre. The key economic indices like Benefit-cost (BC) ratio, operating ratio (OR), net present value (NPV), internal rate of return (IRR) and cost efficiency were estimated to evaluate the economic performance. The BC ratios for purse-seiner were estimated at 1.20, whereas it was 1.12 for the single day trawlers. The respective operating ratio were 0.56 and 0.67. The estimated IRR for the purse-seiner was 37.18%, a slightly higher IRR was observed for single day trawler (39.01%). The cost efficiencies for purse-seiner were 0.847 and 0.939 at constant and variable return to scale, respectively. Similar cost efficiencies were also observed for the single day trawlers. It was observed that the mechanized fishing sector is operating under narrow profit margin. The declining revenue due to decrease in quantum of high valued fishes in catches and escalating fuel prices have been identified as the major factor leading to deteriorating economics of the mechanized sector in the region. [ABSTRACT FROM AUTHOR]

The continuous use of fossil fuels has prompted scientists and researchers to convert to renewable sources for powering water pumps. By converting sunlight into electrical energy, the photovoltaic (PV) panels can drive the water pump or produce electricity through an inverter. Over the past few years, scientists have been working on developing more efficient solar-powered water pumps. A summary of existing research and development activities for developing a dependable and cost-effective solar irrigation system is described in this study. The paper outlines Bangladesh's present irrigation scenario, the problems associated with solar irrigation systems, and government policies and actions promoting solar irrigation. The main objectives and goals of the proposed project are to develop an efficient standalone hybrid solar PV–pyro-oil generator-based water pumping system for the Barind tract and off-grid remote areas. Moreover, the techno-econo-environmental feasibility of the proposed project has also been evaluated. The total life cycle cost and investment payback period of the 20-year project were found to be 14,377.32 dollars and 7.04 years, respectively. Moreover, the project's internal rate of return and CO2 reduction potential were found to be 21% and 197.1 tons, respectively. Therefore, the project is sustainable and feasible, which provides a guideline for researchers and investors. [ABSTRACT FROM AUTHOR]

Objective: To identify the costs and benefits attributable to the “Healthy Water for La Laguna” project, quantifying and evaluating them throughout their useful life, with the aim of judging the convenience of conducting this project. Design/methodology/approach: An Economic-Financial Evaluation was conducted determining the main economic indicators: Internal Rate of Return (IRR), Net Present Value (NPV), and Cost-Benefit Rate (C/B R). Results: The project “Healthy Water for La Laguna” was profitable given the following indicators: Social Net Present Value of $26’819,451,175 in a horizon of evaluation of 34 years considering a discount rate of 10%, an Internal Rate of Return (IRR) of 35.29%, and a Benefit-Cost Rate of 2.8. In the sensitivity analysis, it was determined that the project shows a low sensitivity to the increase in investment and operation costs. However, it was seen that the variable that could have the most significant impact is that of benefits, since a reduction of more than 64.33% would make the Net Present Value (NPV) lower than zero. Limitations on study/implications: The one limitation found in the study was the lack of information, since some missing data had to be estimated. Findings/conclusions: It can be concluded that the execution of the project is essential and necessary to achieve an immediate increase in the consumption of drinking water in the locations covered by the project, in addition to serving as a departure point to improve the quality of the water used and to reduce the impacts of overexploitation. [ABSTRACT FROM AUTHOR]

Continuous natural gas flaring wastes significant energy resources and increases greenhouse gas emissions, contributing to global warming. Our work provides an overview of a technique to recover flare gas and reduce CO2 emissions to a minimum level. There are two methods to recover flare gas: the recovery of natural gas liquids and sales gas production by existing LPG unit and the production of liquid fuels by mini-GTL unit (gas to liquid). This study was conducted using real data from the field. All cases were simulated using Aspen HYSYS software. The mini-GTL unit is modeled using an autothermal reforming method. CO2 emissions will be reduced by 107.68 tonne/day in both methods. Economic analyses revealed that the NGL and sales gas product has a net present value (NPV) of 77.03 MMUSD, while the mini-GTL product has an NPV of 73.7 MMUSD. The study showed that we could extract natural gas liquids (NGLs), including propane, LPG, and sales gas, from the flare gas or convert it to liquid products, including gasoline and diesel. The expected internal rate of return (IRR) and payout time (POT) for NGL and sales gas method are 150.73% and 0.27 years, respectively. The mini-GTL method is recommended due to Egypt's petroleum fuel shortage and the best solution without an entry point to the Egyptian national gas grid in the plant. However, the IRR and POT for the mini-GTL method are 30.09% and 1.19 years, respectively, and it needs more CAPEX than the NGL and sales gas method. Highlights: • A model has been developed to recover stranded associated gas through a flare gas recovery system (FGRS). • Natural gas liquids are recovered in addition to sales gas production. • Mini-GTL unit (gas to liquid) is studied as an option for flare gas recovery. • Financial modeling parameters and what-if analysis techniques are reported. [ABSTRACT FROM AUTHOR]

Two-thirds of UK higher education institutions operate as energy-intensive buildings and have failed to achieve the 2020 goal of reducing emissions by 43% from 2005 levels, as pledged in 2005. Converting existing buildings into low-emission ones is challenging, and setting achievable targets with sustainable design strategies is crucial. A case study was conducted on the University of Dundee's dental clinic, analysing the economic viability of a hybrid microgrid with an on-site solar photovoltaic, natural-gas-fuelled combined heat and power generator, and the national grid. Three design configurations were analysed: Grid + CHP, Grid + PV, and Grid + PV + CHP. The results showed that the Grid + PV + CHP system has the lowest levelised cost of electricity (LCOE) and is over 75% more cost-effective and shows a minimum of 7.5% reduction in emissions. This configuration has a simple payback period of 2.9 years, a discounted payback period of 2.6 years, a return on investment of 30.1%, and an internal rate of return of 34.4%. [ABSTRACT FROM AUTHOR]