RELATIONSHIP DERIVATIVES FINANCIAL MARKETS, MONEY AND STOCK MARKETS AS A SUBSYSTEM OF FINANCIAL MARKET

Directory of Open Access Journals (Sweden)

Yulia Yelnikova

2016-11-01

Full Text Available Under conditions of intensive strengthening of globalization of world financial markets and deepening of the crisis, the main source of which are financial markets, financial derivatives market is rapidly developing. In such circumstances, we observe very active growing demand for tools, the main purpose of which is to reduce the financial risk – derivatives. Outlined trend has also involved Ukraine. In this connection, there is an objective need to develop estimate the interconnection of the money and stock markets and derivatives market. It should be kept in mind that achieving the outlined goal is possible only under condition of the full understanding of the scientific and methodological principles of the development of these markets. Purpose is to estimate the interconnection of the money and stock markets and derivatives market by building a mathematical model of system of structural equations that will promote the compilation of scientifically based program of derivatives market. Methodology. By using methods of economic-mathematical modelling were estimated the degree of influence of studied markets factors on financial derivatives market development and by changing this or that factor were predicted future trends of its operations. Results of the survey showed the current state and problems of derivatives market functioning. At the same time, our study allowed us to talk, that factors of the money and stock markets have a different impact on the derivatives market. So, the majority of money market factors have a reverse influence on the development of derivatives market. Instead, the stock market has a direct influence. Practical implications. The proposed scientific and methodical approach to evaluating the impact of factors on the derivatives market allows: influenced by different factors; to conduct a qualitative interpretation of the quantitative changes in the level of market development; to form a complete system of state

Fuel Supply Defaults for Regional Fuels and Fuel Wizard Tool in MOVES201X

Science.gov (United States)

The fuel supply report documents the data and methodology used to derive the default gasoline, diesel and fuel-blend fuel properties, and their respective fuel market share in MOVES. The default market share of the individual fuels varies by calendar year, seasons, and several do...

The nuclear fuel market of the next century

International Nuclear Information System (INIS)

Clark, R.G.

1995-01-01

An attempt is made to forecast the state of the nuclear fuel market 10 and 25 years ahead in 2005 and 2015. This is dependent on predicting the status of nuclear power. By 2005, nuclear power will either be phasing out or in resurgence. Although there will be increased demand for electricity, nuclear power will have to show favourable economics for new plants to be built in the USA and Europe, and in the USA high-level radioactive waste disposal will also need to be on a sound footing. Nuclear power may have reached saturation in the traditionally nuclear prone countries of Asia. A major factor in the uranium market will be the availability of high enriched uranium. By 2015 there should be a clear picture of the future of nuclear power which will either be on an upsurge or well into phase-out. Given an upsurge, there would be adequate incentive for the uranium industry to be revitalised. In uranium enrichment, gaseous diffusion will be virtually eliminated in favour of centrifuge and newer technologies. Commercial grade nuclear fuel derived from weapons could still be continuing to play a key role in the market. (UK)

The Northeast heating fuel market: Assessment and options

Energy Technology Data Exchange (ETDEWEB)

None

2000-07-01

In response to a Presidential request, this study examines how the distillate fuel oil market (and related energy markets) in the Northeast behaved in the winter of 1999-2000, explains the role played by residential, commercial, industrial, and electricity generation sector consumers in distillate fuel oil markets and describes how that role is influenced by the structure of tie energy markets in the Northeast. In addition, this report explores the potential for nonresidential users to move away from distillate fuel oil and how this might impact future prices, and discusses conversion of distillate fuel oil users to other fuels over the next 5 years. Because the President's and Secretary's request focused on converting factories and other large-volume users of mostly high-sulfur distillate fuel oil to other fuels, transportation sector use of low-sulfur distillate fuel oil is not examined here.

Fuel cells make gains in power generation market

International Nuclear Information System (INIS)

Anon.

1996-01-01

The ultra-low emission, highly efficient natural gas-fueled fuel cell system is beginning to penetrate the electric power generation market in the US and abroad as the fuel cell industry lowers product costs. And, even as the current market continues to grow, fuel cell companies are developing new technology with even higher levels of energy efficiency. The paper discusses fuel cell efficiency, business opportunities, work to reduce costs, and evolving fuel cell technology

DEVELOPMENT OF DERIVATIVE MARKET IN 2000-2012

Directory of Open Access Journals (Sweden)

Evgeniya V. Vasina

2014-01-01

Full Text Available At the end of XIX century futures exchange emerged, in the early 70-ies XX century - option exchange of financial derivatives. These exchanges gave a huge boost to the development of market of the operations with derivative financial instruments. In fact, in the 1970-1980-ies a new market segment was actually formed - the stock and financial derivatives. Trade in financial derivatives began in the OTC market, which accounts for most of the trade of derivatives. Today volumes of the OTC market of derivatives are several times greater than the volume of world trade and world GDP. From 2000 to 2007 derivative OTC market grew rapidly. In 2007-2008 there is a decline in trade of derivatives, but already in 2009 the world market of OTC derivatives returned to pre-crisis growth rates. Among all the instruments of the OTC market of derivatives swaps on interest rates stand out in the volumes, which even in the crisis of2007-2008 slightly, but increased. Analysis of indicators of the global OTC market of derivatives reveals the predominance of instruments on interest rates: their share in the total world market in 2012 amounted to about 77%. If we consider the structure of the OTC market of derivatives on type contracts, in 2012 most of the contracts (66% belonged to the swaps. As regards the structure of the world market of exchange derivatives, in 2012 the options had the largest share - 54 %, futures accounted for 46 %. Among all the exchange instruments on interest rates held 92%.

Development Of Derivative Market In 2000-2012

Directory of Open Access Journals (Sweden)

Evgeniya V. Vasina

2014-01-01

Full Text Available At the end of XIX century futures exchange emerged, in the early 70-ies XX century - option exchange of financial derivatives. These exchanges gave a huge boost to the development of market of the operations with derivative financial instruments. In fact, in the 1970-1980-ies a new market segment was actually formed - the stock and financial derivatives. Trade in financial derivatives began in the OTC market, which accounts for most of the trade of derivatives. Today volumes of the OTC market of derivatives are several times greater than the volume of world trade and world GDP. From 2000 to 2007 derivative OTC market grew rapidly. In 2007-2008 there is a decline in trade of derivatives, but already in 2009 the world market of OTC derivatives returned to pre-crisis growth rates. Among all the instruments of the OTC market of derivatives swaps on interest rates stand out in the volumes, which even in the crisis of2007-2008 slightly, but increased. Analysis of indicators of the global OTC market of derivatives reveals the predominance of instruments on interest rates: their share in the total world market in 2012 amounted to about 77%. If we consider the structure of the OTC market of derivatives on type contracts, in 2012 most of the contracts (66% belonged to the swaps. As regards the structure of the world market of exchange derivatives, in 2012 the options had the largest share - 54 %, futures accounted for 46 %. Among all the exchange instruments on interest rates held 92%.

Development trends of the international derivatives market

OpenAIRE

Motorniuk, U.; Terebukh, M.; Kharchuk, V.

2016-01-01

The factors forming international derivatives market trends are researched in this article. The history of the formation of the global derivatives market was analyzed, in particular, events which have led to the growth of the derivatives market. Global derivatives market has revealed major changes in its trends and witnessed the gradual transformation of its structure, observed in recent years. Global derivatives market has revealed major changes in its trends and witnessed the gradual transf...

Future economics of the fuel cell housing market

International Nuclear Information System (INIS)

Erdmann, G.

2003-01-01

This paper examines how a market of small-scale stationary fuel cells of up to 20 kW could look like, if costs of stationary fuel cell systems allow market entry. This paper analyses what the market potential for this technology would be, what types of residential buildings might be most attractive, and what would be the quantitative changes in the fuel and the power market. Finally, does the perspective of stationary fuel cells offer a business opportunity for power and gas distribution companies? The methodology of this paper differs from that of other studies in that we model the operation of stationary fuel cells on the basis of 15 min power load profiles of individual buildings. From these we draw synthetic functions describing the fuel cell power output/natural gas input, as a function of a number of specific properties of individual buildings. We then develop a statistical distribution of these properties of the residential building stock in Germany (15 million units), finally using a Monte Carlo simulation the relevant market shares are calculated. The methodology that is developed here has an advantage in that it is flexible and can be applied for different population of buildings. We know, for example, that the results would differ between rural and urban areas. The model may reflect these differences thus allowing deeper insights into future fuel cell housing markets. (author)

The Northeast heating fuel market: Assessment and options; TOPICAL

International Nuclear Information System (INIS)

None

2000-01-01

In response to a Presidential request, this study examines how the distillate fuel oil market (and related energy markets) in the Northeast behaved in the winter of 1999-2000, explains the role played by residential, commercial, industrial, and electricity generation sector consumers in distillate fuel oil markets and describes how that role is influenced by the structure of tie energy markets in the Northeast. In addition, this report explores the potential for nonresidential users to move away from distillate fuel oil and how this might impact future prices, and discusses conversion of distillate fuel oil users to other fuels over the next 5 years. Because the President's and Secretary's request focused on converting factories and other large-volume users of mostly high-sulfur distillate fuel oil to other fuels, transportation sector use of low-sulfur distillate fuel oil is not examined here

Fuel cells niche market applications and design studies

Energy Technology Data Exchange (ETDEWEB)

NONE

2000-07-01

Mainstream fuel cell markets such as stationary power and transport propulsion have already received considerable attention. However, the niche areas considered in this report also offer considerable markets that are considered potentially ready for exploitation. This report examines those markets and considers the broad issues for exploitation. This programme of work has been funded under the DTI's Advanced Fuel Cell Programme. The overall aim of this project was to identify and evaluate niche market applications that have the potential to provide early commercially competitive market opportunities for fuel cell systems. Battery replacement, portable, mobile auxiliary power and stationary applications for non-standard generation are covered. (author)

Market penetration scenarios for fuel cell vehicles

Energy Technology Data Exchange (ETDEWEB)

Thomas, C.E.; James, B.D.; Lomax, F.D. Jr. [Directed Technologies, Inc., Arlington, VA (United States)

1997-12-31

Fuel cell vehicles may create the first mass market for hydrogen as an energy carrier. Directed Technologies, Inc., working with the US Department of Energy hydrogen systems analysis team, has developed a time-dependent computer market penetration model. This model estimates the number of fuel cell vehicles that would be purchased over time as a function of their cost and the cost of hydrogen relative to the costs of competing vehicles and fuels. The model then calculates the return on investment for fuel cell vehicle manufacturers and hydrogen fuel suppliers. The model also projects the benefit/cost ratio for government--the ratio of societal benefits such as reduced oil consumption, reduced urban air pollution and reduced greenhouse gas emissions to the government cost for assisting the development of hydrogen energy and fuel cell vehicle technologies. The purpose of this model is to assist industry and government in choosing the best investment strategies to achieve significant return on investment and to maximize benefit/cost ratios. The model can illustrate trends and highlight the sensitivity of market penetration to various parameters such as fuel cell efficiency, cost, weight, and hydrogen cost. It can also illustrate the potential benefits of successful R and D and early demonstration projects. Results will be shown comparing the market penetration and return on investment estimates for direct hydrogen fuel cell vehicles compared to fuel cell vehicles with onboard fuel processors including methanol steam reformers and gasoline partial oxidation systems. Other alternative fueled vehicles including natural gas hybrids, direct injection diesels and hydrogen-powered internal combustion hybrid vehicles will also be analyzed.

Utility residual fuel oil market conditions: An update

International Nuclear Information System (INIS)

Mueller, H.A. Jr.

1992-01-01

Planning for residual fuel oil usage and management remains an important part of the generation fuel planning and management function for many utilities. EPRI's Utility Planning Methods Center has maintained its analytical overview of the fuel oil markets as part of its overall fuel planning and management research program. This overview provides an update of recent fuel oil market directions. Several key events of the past year have had important implications for residual fuel oil markets. The key events have been the changes brought about by the Persian Gulf War and its aftermath, as well as continuing environmental policy developments. The Persian Gulf conflict has created renewed interest in reducing fuel oil use by utilities as part of an overall reduction in oil imports. The policy analysis performed to date has generally failed to properly evaluate utility industry capability. The Persian Gulf conflict has also resulted in an important change in the structure of international oil markets. The result of this policy-based change is likely to be a shift in oil pricing strategy. Finally, continued change in environmental requirements is continuing to shift utility residual oil requirements, but is also changing the nature of the US resid market itself

2009 Fuel Cell Market Report, November 2010

Energy Technology Data Exchange (ETDEWEB)

2010-11-01

Fuel cells are electrochemical devices that combine hydrogen and oxygen to produce electricity, water, and heat. Unlike batteries, fuel cells continuously generate electricity, as long as a source of fuel is supplied. Moreover, fuel cells do not burn fuel, making the process quiet, pollution-free and two to three times more efficient than combustion. Fuel cell systems can be a truly zero-emission source of electricity, if the hydrogen is produced from non-polluting sources. Global concerns about climate change, energy security, and air pollution are driving demand for fuel cell technology. More than 630 companies and laboratories in the United States are investing $1 billion a year in fuel cells or fuel cell component technologies. This report provides an overview of trends in the fuel cell industry and markets, including product shipments, market development, and corporate performance. It also provides snapshots of select fuel cell companies, including general.

Regional prices in the Swedish wood-fuel market

International Nuclear Information System (INIS)

Hillring, Bengt

1999-01-01

This paper analyses, through a statistical survey, the regional distribution of prices on the commercial wood-fuel market for district heating plants and the pellets market for single family houses. The existing market watch of the national Swedish wood-fuel market has been developed for both refined and unrefined wood-fuels. The last five years the trend for wood-fuel prices on the district heating market has been stable, with a slight increase in the price of refined wood-fuels. However, on the young and fast-growing household market for pellets, prices have increased 12% during the last three years. The distribution of prices for northern, middle and southern Sweden indicates differences within 5% between the regions. The limited price difference between Swedish regions are a product of a large domestic supply and an increasing trade among regions in Europe, putting pressure on prices. Regional differences, mirrored as transportation distances and local production costs are key factors that could explain this regional price variation. However, the development of a commercial market with less regulation tends to level out prices. Consumers on the household market purchase small quantities and do not have the same possibility as district heating companies to take advantage of the oversupply opportunity and thus face a faster price development. The weaker market position of the consumers also tends to give homogeneous prices between regions of the residential sector. (Author)

Analysis of Fuel Cell Markets in Japan and the US: Experience Curve Development and Cost Reduction Disaggregation

Energy Technology Data Exchange (ETDEWEB)

Wei, Max [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Smith, Sarah J. [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Sohn, Michael D. [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

2016-07-15

Fuel cells are both a longstanding and emerging technology for stationary and transportation applications, and their future use will likely be critical for the deep decarbonization of global energy systems. As we look into future applications, a key challenge for policy-makers and technology market forecasters who seek to track and/or accelerate their market adoption is the ability to forecast market costs of the fuel cells as technology innovations are incorporated into market products. Specifically, there is a need to estimate technology learning rates, which are rates of cost reduction versus production volume. Unfortunately, no literature exists for forecasting future learning rates for fuel cells. In this paper, we look retrospectively to estimate learning rates for two fuel cell deployment programs: (1) the micro-combined heat and power (CHP) program in Japan, and (2) the Self-Generation Incentive Program (SGIP) in California. These two examples have a relatively broad set of historical market data and thus provide an informative and international comparison of distinct fuel cell technologies and government deployment programs. We develop a generalized procedure for disaggregating experience-curve cost-reductions in order to disaggregate the Japanese fuel cell micro-CHP market into its constituent components, and we derive and present a range of learning rates that may explain observed market trends. Finally, we explore the differences in the technology development ecosystem and market conditions that may have contributed to the observed differences in cost reduction and draw policy observations for the market adoption of future fuel cell technologies. The scientific and policy contributions of this paper are the first comparative experience curve analysis of past fuel cell technologies in two distinct markets, and the first quantitative comparison of a detailed cost model of fuel cell systems with actual market data. The resulting approach is applicable to

Assessment of the candidate markets for liquid boiler fuels

Energy Technology Data Exchange (ETDEWEB)

None

1979-12-01

Liquid fuels can be produced from coal in a number of indirect and direct liquefaction processes. While indirect coal liquefaction has been proved commercially outside the United States, most attention in this country has focused on the direct liquefaction processes, which include the processes under examination in this report; namely, the Exxon Donor Solvent (EDS), the H-Coal, and the Solvent Refined Coal (SRC) II processes. The objectives of the study were to: compare the boiler fuels of direct coal liquefaction with residual fuel oil (No. 6 fuel oil) including physical characteristics and environmental hazards, such as carcinogenic characteristics and toxic hazard characteristics; determine whether a boiler fuel market would exist for the coal liquefaction products given their physical characteristics and potential environmental hazards; determine the advantages of utilizing methanol as a boiler fuel on a continuous basis in commercial boilers utilizing existing technology; identify the potential regional candidate markets for direct coal liquefaction products as liquid boiler fuels; determine the distributing and handling costs associated with marketing coal liquefaction products as liquid boiler fuels; determine the current regulatory issues associated with the marketing of coal liquefaction products as boiler fuels; and determine and evaluate other institutional issues associated with the marketing of direct coal liquefaction products as boiler fuels.

The market and consumer welfare effects of mid-level ethanol blends in the US fuel market

International Nuclear Information System (INIS)

Gallagher, Paul W.; Sleper, Daniel

2016-01-01

This study examines the prospect that a consumer-driven market could eventually replace the myriad regulations and demand quotas in the US ethanol and gasoline fuel market. Given efficient households that minimize the cost of operating automobiles, recent vehicle technology that improves blended fuel substitution, and typical market conditions of the last five years, blended fuels with 20% ethanol concentration could occupy a volume of 82.2 billion gallons in a 138.3 billion gallon gasoline market. The consumer welfare gain associated with blended fuel is $15.9 billion annually for US consumers, or about $1000 over the life of a vehicle. The ethanol demand associated with a voluntary blended fuel market is 16.4 BGY, slightly more than the conventional component of the Renewable Fuels Standard. It is time to replace the corn RFS with a free market. But an active competition policy in the fuel marketing system may also be required. Intervention for the impending Biomass Ethanol Industry, such as a subsidy or an exemption a carbon tax, may also be in order. - Highlights: • Competiveness of 20% ethanol blends replacing gasoline is examined. • Households can reduce costs by $1000 over vehicle life with ethanol blend. • Blended fuel could gain a 60% share in a voluntary US gasoline market. • US ethanol supply in a voluntary market would match current mandated output.

Volatility spillovers in China’s crude oil, corn and fuel ethanol markets

International Nuclear Information System (INIS)

Haixia, Wu; Shiping, Li

2013-01-01

Price volatility spillovers among China’s crude oil, corn and fuel ethanol markets are analyzed based on weekly price data from September 5, 2003 to August 31, 2012, employing the univariate EGARCH model and the BEKK-MVGARCH model, respectively. The empirical results indicate a higher interaction among crude oil, corn and fuel ethanol markets after September, 2008. In the overall sample period, the results simultaneously provide strong evidence that there exist unidirectional spillover effects from the crude oil market to the corn and fuel ethanol markets, and double-directional spillovers between the corn market and the fuel ethanol market. However, the spillover effects from the corn and fuel ethanol markets to the crude oil market are not significant. -- Highlights: •Employing univariate EGARCH model and BEKK-MVGARCH model, respectively. Unidirectional spillover effects from crude oil market to corn and fuel ethanol markets. •Double-directional spillovers between corn market and fuel ethanol market. •The spillover effects from corn and fuel ethanol markets to crude oil market are not significant. •The empirical results indicate a higher interaction among crude oil, corn and fuel ethanol markets after September, 2008

MODERN TRENDS OF DEVELOPMENT OF INTERNATIONAL DERIVATIVES MARKET

Directory of Open Access Journals (Sweden)

V. Shelydko

2014-09-01

Full Text Available Article is devoted to analysis of structure and peculiarities of development of the international derivatives market. The history of formation of the international derivatives market is investigated. The nature, functions and advantages of use of derivatives, and also their role in the modern international securities market are defined. Classification of financial derivatives is considered. Product lines of financial derivatives are analyzed. The regional structure of the international derivatives market and dynamics of its development are investigated. The comparative characteristic of volumes and structure of exchange and over-the-counter segments of international derivatives market are carried out. Dynamics and structure of international markets of interest-bearing derivatives and currency derivatives are analyzed. The fundamental trends of development of the modern international derivatives market are defined.

Fuel Cells in Distributed Power Market Applications in the United States

International Nuclear Information System (INIS)

Rastler, D.

2002-01-01

This paper reviews results from EPRI market analysis, which examined the technical and economic market potential of fuel cells in distributed power markets in the United States. A methodology and approach for developing realistic quantitative estimates of market potential in competitive electricity markets is presented. Market size estimates for phosphoric acid, polymer exchange membrane, high temperature fuel cells (carbonate and solid oxide systems) and ultra-high efficient fuel cell hybrids are estimated. Market potentials are reviewed for fuel cells systems ranging in size from 3 kW up to 20-30 MW in scale and underlying assumptions are provided. The results and implications are discussed in relation to the changing U.S. electric utility market structures. Results will be of value to energy companies and to fuel cell developers seeking to understand revenue sales estimates, market size, and most profitable segments for fuel cells in the competitive US electric markets. (author)

World nuclear fuel market. Seventeenth annual meeting

International Nuclear Information System (INIS)

Anon.

1990-01-01

The papers presented at the seventeenth World Nuclear Fuels Market meeting are cataloged individually. This volume includes information on the following areas of interest: historical and current aspects of the uranium and plutonium market with respect to supply and demand, pricing, spot market purchasing, and other market phenomena; impact of reprocessing and recycling uranium, plutonium, and mixed oxide fuels; role of individual countries in the market: Hungary, Germany, the Soviet Union, Czechoslovakia, France, and the US; the impact of public opinion and radioactive waste management on the nuclear industry, and a debate regarding long term versus short term contracting by electric utilities for uranium and enrichment services

2010 Fuel Cell Technologies Market Report, June 2011

Energy Technology Data Exchange (ETDEWEB)

2011-06-01

This report summarizes 2010 data on fuel cells, including market penetration and industry trends. It also covers cost, price, and performance trends, along with policy and market drivers and the future outlook for fuel cells.

Supply Security in Future Nuclear Fuel Markets

Energy Technology Data Exchange (ETDEWEB)

Seward, Amy M. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Wood, Thomas W. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Gitau, Ernest T. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Ford, Benjamin E. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States)

2013-11-18

Previous PNNL work has shown the existing nuclear fuel markets to provide a high degree of supply security, including the ability to respond to supply disruptions that occur for technical and non-technical reasons. It is in the context of new reactor designs – that is, reactors likely to be licensed and market ready over the next several decades – that fuel supply security is most relevant. Whereas the fuel design and fabrication technology for existing reactors are well known, the construction of a new set of reactors could stress the ability of the existing market to provide adequate supply redundancy. This study shows this is unlikely to occur for at least thirty years, as most reactors likely to be built in the next three decades will be evolutions of current designs, with similar fuel designs to existing reactors.

Supply Security in Future Nuclear Fuel Markets

International Nuclear Information System (INIS)

Seward, Amy M.; Wood, Thomas W.; Gitau, Ernest T.; Ford, Benjamin E.

2013-01-01

Previous PNNL work has shown the existing nuclear fuel markets to provide a high degree of supply security, including the ability to respond to supply disruptions that occur for technical and non-technical reasons. It is in the context of new reactor designs - that is, reactors likely to be licensed and market ready over the next several decades - that fuel supply security is most relevant. Whereas the fuel design and fabrication technology for existing reactors are well known, the construction of a new set of reactors could stress the ability of the existing market to provide adequate supply redundancy. This study shows this is unlikely to occur for at least thirty years, as most reactors likely to be built in the next three decades will be evolutions of current designs, with similar fuel designs to existing reactors.

Life cycle assessment of camelina oil derived biodiesel and jet fuel in the Canadian Prairies

International Nuclear Information System (INIS)

Li, Xue; Mupondwa, Edmund

2014-01-01

This study evaluated the environmental impact of biodiesel and hydroprocessed renewable jet fuel derived from camelina oil in terms of global warming potential, human health, ecosystem quality, and energy resource consumption. The life cycle inventory is based on production activities in the Canadian Prairies and encompasses activities ranging from agricultural production to oil extraction and fuel conversion. The system expansion method is used in this study to avoid allocation and to credit input energy to co-products associated with the products displaced in the market during camelina oil extraction and fuel processing. This is the preferred allocation method for LCA analysis in the context of most renewable and sustainable energy programs. The results show that greenhouse gas (GHG) emissions from 1 MJ of camelina derived biodiesel ranged from 7.61 to 24.72 g CO 2 equivalent and 3.06 to 31.01 kg CO 2 /MJ equivalent for camelina HRJ fuel. Non-renewable energy consumption for camelina biodiesel ranged from 0.40 to 0.67 MJ/MJ; HRJ fuel ranged from − 0.13 to 0.52 MJ/MJ. Camelina oil as a feedstock for fuel production accounted for the highest contribution to overall environmental performance, demonstrating the importance of reducing environmental burdens during the agricultural production process. Attaining higher seed yield would dramatically lower environmental impacts associated with camelina seed, oil, and fuel production. The lower GHG emissions and energy consumption associated with camelina in comparison with other oilseed derived fuel and petroleum fuel make camelina derived fuel from Canadian Prairies environmentally attractive. - Highlights: • LCA of camelina-derived biodiesel and jet fuel was based on the Canadian Prairies. • Overall, camelina-derived biodiesel had lower GHG emissions than is biojet fuel. • Camelina jet fuel had lower non-renewable energy (NRE) use than its biodiesel. • Camelina biofuels reduced GHG emissions and NRE use

Geography of Existing and Potential Alternative Fuel Markets in the United States

Energy Technology Data Exchange (ETDEWEB)

Johnson, C.; Hettinger, D.

2014-11-01

When deploying alternative fuels, it is paramount to match the right fuel with the right location, in accordance with local market conditions. We used six market indicators to evaluate the existing and potential regional market health for each of the five most commonly deployed alternative fuels: electricity (used by plug-in electric vehicles), biodiesel (blends of B20 and higher), E85 ethanol, compressed natural gas (CNG), and propane. Each market indicator was mapped, combined, and evaluated by industry experts. This process revealed the weight the market indicators should be given, with the proximity of fueling stations being the most important indicator, followed by alternative fuel vehicle density, gasoline prices, state incentives, nearby resources, and finally, environmental benefit. Though markets vary among states, no state received 'weak' potential for all five fuels, indicating that all states have an opportunity to use at least one alternative fuel. California, Illinois, Indiana, Pennsylvania, and Washington appear to have the best potential markets for alternative fuels in general, with each sporting strong markets for four of the fuels. Wyoming showed the least potential, with weak markets for all alternative fuels except for CNG, for which it has a patchy market. Of all the fuels, CNG is promising in the greatest number of states--largely because freight traffic provides potential demand for many far-reaching corridor markets and because the sources of CNG are so widespread geographically.

Market study on the potential for peat as a fuel

International Nuclear Information System (INIS)

1991-01-01

A report is given on the market potential for peat as a fuel in Scotland. It is concluded that there are two distinct market segments, domestic and industrial/commercial. There is no potential for peat as a fuel in the industrial/commercial segment but there is opportunity for increased peat usage in the domestic sector. The greatest potential for market development is conversion of existing solid fuel users to peat. Pro-active input is required to realise this market potential. The market is constrained by demand. (UK)

Market dynamics of biomass fuel in California

International Nuclear Information System (INIS)

Delaney, W.F.; Zane, G.A.

1991-01-01

The California market for biomass fuel purchased by independent power producers has grown substantially since 1980. The PURPA legislation that based power purchase rates upon the 'avoided cost' of public utilities resulted in construction of nearly 900 Megawatts of capacity coming online by 1991. Until 1987, most powerplants were co-sited at sawmills and burned sawmill residue. By 1990 the installed capacity of stand-alone powerplants exceeded the capacity co-sited at wood products industry facilities. The 1991 demand for biomass fuel is estimated as 6,400,000 BDT. The 1991 market value of most biomass fuel delivered to powerplants is from $34 to $47 per BDT. Biomass fuel is now obtained from forest chips, agriculture residue and urban wood waste. The proportion of biomass fuel from the wood products industry is expected to decline and non-traditional fuels are expected to increase in availability

A geographical analysis of the Swedish wood fuel market

International Nuclear Information System (INIS)

Roos, Anders; Bohlin, Folke; Hektor, Bo; Hillring, Bengt; Parikka, Matti

2000-01-01

The geographical variation in Swedish wood fuel market characteristics for the district heating sector has been studied using Geographical Information Systems (GIS) and cross-sectional Tobit analysis. The results indicate that local availability and competition for wood fuels influence the wood fuel consumption at inland heating plants. The factors affecting the decision to use wood fuel at heating plants close to seaports, however, were not captured by the model, suggesting that coastal location reduces dependency on the local wood fuel market. The effects of changes in local wood fuel availability on wood fuel use by an inland heating plant are presented and discussed

Life cycle assessment of camelina oil derived biodiesel and jet fuel in the Canadian Prairies

Energy Technology Data Exchange (ETDEWEB)

Li, Xue; Mupondwa, Edmund, E-mail: Edmund.Mupondwa@agr.gc.ca

2014-05-01

This study evaluated the environmental impact of biodiesel and hydroprocessed renewable jet fuel derived from camelina oil in terms of global warming potential, human health, ecosystem quality, and energy resource consumption. The life cycle inventory is based on production activities in the Canadian Prairies and encompasses activities ranging from agricultural production to oil extraction and fuel conversion. The system expansion method is used in this study to avoid allocation and to credit input energy to co-products associated with the products displaced in the market during camelina oil extraction and fuel processing. This is the preferred allocation method for LCA analysis in the context of most renewable and sustainable energy programs. The results show that greenhouse gas (GHG) emissions from 1 MJ of camelina derived biodiesel ranged from 7.61 to 24.72 g CO{sub 2} equivalent and 3.06 to 31.01 kg CO{sub 2}/MJ equivalent for camelina HRJ fuel. Non-renewable energy consumption for camelina biodiesel ranged from 0.40 to 0.67 MJ/MJ; HRJ fuel ranged from − 0.13 to 0.52 MJ/MJ. Camelina oil as a feedstock for fuel production accounted for the highest contribution to overall environmental performance, demonstrating the importance of reducing environmental burdens during the agricultural production process. Attaining higher seed yield would dramatically lower environmental impacts associated with camelina seed, oil, and fuel production. The lower GHG emissions and energy consumption associated with camelina in comparison with other oilseed derived fuel and petroleum fuel make camelina derived fuel from Canadian Prairies environmentally attractive. - Highlights: • LCA of camelina-derived biodiesel and jet fuel was based on the Canadian Prairies. • Overall, camelina-derived biodiesel had lower GHG emissions than is biojet fuel. • Camelina jet fuel had lower non-renewable energy (NRE) use than its biodiesel. • Camelina biofuels reduced GHG emissions and NRE

Palm oil and derivatives: fuels or potential fuels?

Directory of Open Access Journals (Sweden)

Pioch Daniel

2005-03-01

alcoholysis reaction and processing of the crude glycerin by-product. Economical outputs depend also on market price of this last commodity. The last technique opening a way for using palm oil as fuel involves catalytic cracking, then allowing to feed any kind of engine –either spark or compression ignited- although a few results are available only from laboratory or small pilot scale experiments. If the economic viability would be favored by scale-up effect for large national or international markets assuming palm oil producing cost would become and remain competitive is spite of lack of harvest mechanization, and oils would remain available for large non food markets, as this is presently the case, there is a lack of technical and economical data. This is especially the case regarding the minimum size required for applying these more sophisticated chemical transformations –alcoholysis and cracking- for supplying energy under most critical conditions found in remote areas where millions of people are facing difficult access to both electric power and transportation fuels. Today large scale production and marketing of palm oil methyl or ethyl ester is under development in oil palm cropping countries like Malaysia, Thailand or Brazil. The follow-up depends on many parameters on environment, social and economic sides.

Derived enriched uranium market

International Nuclear Information System (INIS)

Rutkowski, E.

1996-01-01

The potential impact on the uranium market of highly enriched uranium from nuclear weapons dismantling in the Russian Federation and the USA is analyzed. Uranium supply, conversion, and enrichment factors are outlined for each country; inventories are also listed. The enrichment component and conversion components are expected to cause little disruption to uranium markets. The uranium component of Russian derived enriched uranium hexafluoride is unresolved; US legislation places constraints on its introduction into the US market

Usefulness Of Derivative Instruments In Emerging Markets: Turkish Experience

OpenAIRE

Cem Saatcioglu; Iskender Karagul; Ara G. Volkan

2011-01-01

This article presents an overview of derivative markets, definitions of derivative investment instruments, development of global derivative markets and the applicability of derivative markets in Turkey, given their economic value added to the Turkish economy. Readers will acquire insight into investing in various investment instruments and hedging against risk. Turkish derivative markets will be described, supportive statistical data will be presented, and readers will be introduced to the de...

Price formation and market mechanisms in world nuclear fuel markets

International Nuclear Information System (INIS)

Neff, T.L.

1991-01-01

The structure of world markets for uranium, UF6 and enriched uranium product (EUP) have changed greatly since the 1970s. In the old model, firms specializing in mining, conversion, enrichment and fabrication played independent and sequential steps in the making of nuclear fuel. The great majority of users dealt directly with primary suppliers. Competition took place among suppliers at each stage of the fuel cycle and price formation occurred independently for each stage. Long-term contracts directly between primary supplier and end user dominated, whether for U3O8, conversion, enrichment or fabrication. The old model is effectively gone. uranium producers compete with traders, some of whom can offer a much larger menu of products and terms than primary suppliers. Where once there was a straight engineering-like sequence of processing from uranium to EUP for end use, today things are often reversed and far more complicated, with de-enrichment, de-conversion, loans, swaps, and other transactions. Those able to bring financial and entrepreneurial skills to bear on this complexity have an advantage. Long-term contracts between primary producers and end users no longer dominate new transactions, especially in the critical role of price formation - the process of determining or discovery of the market price. These changes have raised the question of whether participants in the nuclear fuel market need, or could benefit from, new institutional mechanisms, specifically some sort of formal exchange or commodity market

Life cycle assessment of camelina oil derived biodiesel and jet fuel in the Canadian Prairies.

Science.gov (United States)

Li, Xue; Mupondwa, Edmund

2014-05-15

This study evaluated the environmental impact of biodiesel and hydroprocessed renewable jet fuel derived from camelina oil in terms of global warming potential, human health, ecosystem quality, and energy resource consumption. The life cycle inventory is based on production activities in the Canadian Prairies and encompasses activities ranging from agricultural production to oil extraction and fuel conversion. The system expansion method is used in this study to avoid allocation and to credit input energy to co-products associated with the products displaced in the market during camelina oil extraction and fuel processing. This is the preferred allocation method for LCA analysis in the context of most renewable and sustainable energy programs. The results show that greenhouse gas (GHG) emissions from 1 MJ of camelina derived biodiesel ranged from 7.61 to 24.72 g CO2 equivalent and 3.06 to 31.01 kg CO2/MJ equivalent for camelina HRJ fuel. Non-renewable energy consumption for camelina biodiesel ranged from 0.40 to 0.67 MJ/MJ; HRJ fuel ranged from -0.13 to 0.52 MJ/MJ. Camelina oil as a feedstock for fuel production accounted for the highest contribution to overall environmental performance, demonstrating the importance of reducing environmental burdens during the agricultural production process. Attaining higher seed yield would dramatically lower environmental impacts associated with camelina seed, oil, and fuel production. The lower GHG emissions and energy consumption associated with camelina in comparison with other oilseed derived fuel and petroleum fuel make camelina derived fuel from Canadian Prairies environmentally attractive. Crown Copyright © 2014. Published by Elsevier B.V. All rights reserved.

RELATIONSHIP DERIVATIVES FINANCIAL MARKETS, MONEY AND STOCK MARKETS AS A SUBSYSTEM OF FINANCIAL MARKET

OpenAIRE

Yulia Yelnikova

2016-01-01

Under conditions of intensive strengthening of globalization of world financial markets and deepening of the crisis, the main source of which are financial markets, financial derivatives market is rapidly developing. In such circumstances, we observe very active growing demand for tools, the main purpose of which is to reduce the financial risk – derivatives. Outlined trend has also involved Ukraine. In this connection, there is an objective need to develop estimate the interconnection of the...

Market integration among electricity markets and their major fuel source markets

International Nuclear Information System (INIS)

Mjelde, James W.; Bessler, David A.

2009-01-01

Dynamic price information flows among U.S. electricity wholesale spot prices and the prices of the major electricity generation fuel sources, natural gas, uranium, coal, and crude oil, are studied. Multivariate time series methods applied to weekly price data show that in contemporaneous time peak electricity prices move natural gas prices, which in turn influence crude oil. In the long run, price is discovered in the fuel sources market (except uranium), as these prices are weakly exogenous in a reduced rank regression representation of these energy prices.

The worldwide market will not be short of LPG fuels

International Nuclear Information System (INIS)

Anon.

1998-01-01

This paper is a synthesis of an internal note of the French Butane and Propane Committee (CFBP) about the perspectives of the worldwide market of LPG fuels. The conclusion of this study is that the market will not be short of LPG, in particular the French market and the automotive fuels. The consumption of LPG fuels for vehicles in France is growing up rapidly (about 100% in 1997 with respect to 1996: 90000 t consumed in 1997 by 70000 vehicles) and the resource remains important and can reach 3 millions of tons per year. (J.S.)

Atrium and HTP fuel elements for the U.S. market

International Nuclear Information System (INIS)

Morgan, J.N.; Krebs, W.D.

1994-01-01

The international acitivities of Siemens in the nuclear fuel sector are the responsibility of the Nuclear Fuel Cycle Unit of the Power Generation Division (KWU) in Germany, the Nuclear Dividion of Siemens Power Corporation (SPC) in the Unites States, and the German Siemens subsidiaries, ANF GmbH (fuel element fabrication) in Lingen and NRG - Nuklearrohr Gesellschaft mbH (cladding tube production) in Duisburg. The requirements of the U.S. market for light water reactor fuel elements are met by products from the European market. (orig.) [de

Risk Factors in Derivatives Markets

Directory of Open Access Journals (Sweden)

Raimonda Martinkutė-Kaulienė

2015-02-01

Full Text Available The objective of the article is to analyse and present the classification of risks actual to derivative securities. The analysis is based on classical and modern literature findings and analysis of newest statistical data. The analysis led to the conclusion, that the main risks typical for derivatives contracts and their traders are market risk, liquidity risk, credit and counterparty risk, legal risk and transactions risk. Pricing risk and systemic risk is also quite important. The analysis showed that market risk is the most important kind of risk that in many situations influences the level of remaining risks.

Leveraging fuel purchasing and management activities within a competitive power market

International Nuclear Information System (INIS)

Stallard, S.; Anderson, A.; Schick, J.

1998-01-01

Worldwide, one can see that competition, deregulation, or at a minimum, a closer focus on the overall economies of power generation is stimulating change within the power sector. Power generation markets are becoming liberalized providing for independent power producers and, in some cases, providing third-party access to the grid. In the US, fuel costs are being transformed from a pass-through expense to the consumer to one of a strategic asset or liability. In every case, fuel quality, fuel-related costs, and managing the fuel purchasing process are key factors in the overall efficiency and financial performance on the power generator. This paper illustrates how effective fuel management requires that the utility or GenCo improve upon historical fuel management/purchasing practices to lower overall generation costs and address the opportunities present in the power and fuel markets. Key framework/principles to be discussed include: Tighter coupling of fuel purchasing, short-term planning, and dispatch functions. Effective planning to link purchased fuel to system demand forecasts, consider contract/transportation constraints/economics, evaluate alternative sources, and consider fuel mix strategies (e.g., between sport, contract, and various regions/qualities). Tools and processes needed to support the new business environment such as fuel impact analysis, application of integrated fuel evaluation/management systems, market forecasting, purchasing, and the role of fuel management in energy trading. Flexibility to support optimal purchasing strategies including shorter purchase cycles, special buys, buys for third parties, and coal tolling. This framework would be discussed using examples from the US, UK, European, and Pacific Rim markets

The oil market

International Nuclear Information System (INIS)

Amic, E.; Lautard, P.

1999-01-01

This chapter examines the structure of the oil industry and the impacts of the oil markets on the hedging strategies of the energy consumers, the oil company, and the energy derivatives' provider. An introduction to market perspectives is presented, and the hedging operations in the jet fuel market in the airline sector are discussed. Trading and risk management within an oil company, the derivatives provider, trading derivatives in a multi-dimensional world, locational risks, and the modelling of term structure and the role of storage are considered. Industrial spreads and the role of refining, future market developments and market strategies for crude oil and oil products, and marketing packages and market risk are addressed

Financial derivatives in power marketing: The basics

International Nuclear Information System (INIS)

Ramesh, V.C.; Ghosh, K.

1996-01-01

With the ongoing changes in the power industry worldwide, electricity is beginning to be traded like other commodities. The use of financial derivative instruments in power markets is on the rise. The purpose of this paper is to explain the role of these derivatives in risk management which is vital for survival in the increasingly competitive industry. Starting with the familiar cash markets, the paper discusses the basics of futures, options, and swap markets as applied to electric energy trading

In individual or collective dwellings, wood-fuel: an enthusiastic market

International Nuclear Information System (INIS)

Anon.

2007-01-01

The wood-fuel market benefits from the present day development of renewable energy sources, both in the individual residential sector where wood-fuel is becoming a main space-heating solution and not only an auxiliary one, and in the collective residential, tertiary and industrial sectors where more than 1850 wood-burning facilities have been implemented in 6 years under the impulse of the wood-fuel development plan. Sales have raised by 40% in the residential sector in 2006 and a 50% increase of renewable energy sources is expected in the heat generation sector from now to 2010. This article presents the main trends of the French wood-fuel market and the existing offer of wood-fuel boilers. (J.S.)

The impact of derivatives on Malaysian stock market

Science.gov (United States)

Malim, M. R.; Halim, F. A.; Murad, A.; Maad, H. A.; Annuar, N. F. M.

2017-09-01

The essential of derivatives has been discovered by researchers over recent decade. However, the conclusions made regarding the impact of derivatives on stock market volatility remains debatable. The main objective of this study is to examine the impact of derivatives on Malaysian stock market volatility by exploring FTSE Bursa Malaysia Kuala Lumpur Composite Index Futures (BMD FKLI) using FBM KLCI as the underlying asset. Generalized Autoregressive Conditional Heteroskedasticity (GARCH) (1, 1) model was employed to realize the objective. The results have shown that the introduction of futures trading has decreased the volatility of Malaysian stock market. The volatility increased vigorously during the Asian financial crisis compared to the Global financial crisis. However, the role of futures as a risk transfer is agreed as it could improve the market by decreasing the volatility in the spot market.

The cost of fuel economy in the Indian passenger vehicle market

International Nuclear Information System (INIS)

Chugh, Randy; Cropper, Maureen; Narain, Urvashi

2011-01-01

To investigate how fuel economy is valued in the Indian car market, we compute the cost to Indian consumers of purchasing a more fuel-efficient vehicle and compare it to the benefit of lower fuel costs over the life of the vehicle. We estimate hedonic price functions for four market segments (petrol hatchbacks, diesel hatchbacks, petrol sedans, and diesel sedans) to compute 95% confidence intervals for the marginal cost to the consumer for an increase in fuel economy. We find that the associated present value of fuel savings falls within the 95% confidence interval for most specifications, in all market segments, for the years 2002 through 2006. Thus, we fail to consistently reject the hypothesis that consumers appropriately value fuel economy. - Highlights: → We examine the tradeoffs faced by new vehicle consumers in India. → We use hedonic price functions and instrumental variables. → We find no support for the hypothesis that consumers undervalue fuel economy. → Some consumers are willing to forgo substantial potential savings to own their preferred vehicle.

An Empirical Analysis of the Price Discovery Function of Shanghai Fuel Oil Futures Market

Institute of Scientific and Technical Information of China (English)

Wang Zhen; Liu Zhenhai; Chen Chao

2007-01-01

This paper analyzes the role of price discovery of Shanghai fuel oil futures market by using methods, such as unit root test, co-integration test, error correction model, Granger causality test, impulse-response function and variance decomposition. The results showed that there exists a strong relationship between the spot price of Huangpu fuel oil spot market and the futures price of Shanghai fuel oil futures market. In addition, the Shanghai fuel oil futures market exhibits a highly effective price discovery function.

Soybean-derived biofuels and home heating fuels.

Science.gov (United States)

Mushrush, George W; Wynne, James H; Willauer, Heather D; Lloyd, Christopher L

2006-01-01

It is environmentally enticing to consider replacing or blending petroleum derived heating fuels with biofuels for many reasons. Major considerations include the soaring worldwide price of petroleum products, especially home heating oil, the toxicity of the petroleum-derived fuels and the environmental damage that leaking petroleum tanks afford. For these reasons, it has been suggested that domestic renewable energy sources be considered as replacements, or at the least, as blending stocks for home heating fuels. If recycled soy restaurant cooking oils could be employed for this purpose, this would represent an environmental advantage. Renewable plant sources of energy tend to be less toxic than their petroleum counterparts. This is an important consideration when tank leakage occurs. Home fuel oil storage tanks practically always contain some bottom water. This water environment has a pH value that factors into heating fuel stability. Therefore, the question is: would the biofuel help or exacerbate fuel stability and furnace maintenance issues?

World nuclear fuel market. Eighteenth annual meeting

International Nuclear Information System (INIS)

Anon.

1991-01-01

The papers presented at the eighteenth World Nuclear Fuels Market meeting are cataloged separately. This volume includes information on the following areas of interest: world uranium enrichment capacity and enriched uranium inventories; the impact of new enrichment technologies; predictions of future market trends; non-proliferation aspects of nuclear trade; and a debate as to whether uranium can be successfully traded on a commodities exchange

Australian OTC Derivatives Markets: Insights from the BIS Semiannual Survey

OpenAIRE

Jason Ahn; Mihovil Matic; Christian Vallence

2012-01-01

The Reserve Bank of Australia recently commenced surveying participants in Australian over-the-counter (OTC) derivatives markets as part of the Bank for International Settlements’ (BIS) semiannual global OTC derivatives survey. Australia’s contribution to the survey complements regulatory efforts to improve the resilience and transparency of Australia’s OTC derivatives markets. It also facilitates a higher frequency comparison of the Australian and foreign OTC derivatives markets. The survey ...

Time-zero efficiency of European power derivatives markets

International Nuclear Information System (INIS)

Peña, Juan Ignacio; Rodriguez, Rosa

2016-01-01

We study time-zero efficiency of electricity derivatives markets. By time-zero efficiency is meant a sequence of prices of derivatives contracts having the same underlying asset but different times to maturity which implies that prices comply with a set of efficiency conditions that prevent profitable time-zero arbitrage opportunities. We investigate whether statistical tests, based on the law of one price, and trading rules, based on price differentials and no-arbitrage violations, are useful for assessing time-zero efficiency. We apply tests and trading rules to daily data of three European power markets: Germany, France and Spain. In the case of the German market, after considering liquidity availability and transaction costs, results are not inconsistent with time-zero efficiency. However, in the case of the French and Spanish markets, limitations in liquidity and representativeness are challenges that prevent definite conclusions. Liquidity in French and Spanish markets should improve by using pricing and marketing incentives. These incentives should attract more participants into the electricity derivatives exchanges and should encourage them to settle OTC trades in clearinghouses. Publication of statistics on prices, volumes and open interest per type of participant should be promoted. - Highlights: •We test time-zero efficiency of derivatives power markets in Germany, France and Spain. •Prices in Germany, considering liquidity and transaction costs, are time-zero efficient. •In France and Spain, limitations in liquidity and representativeness prevent conclusions. •Liquidity in France and Spain should improve by using pricing and marketing incentives. •Incentives attract participants to exchanges and encourage them to settle OTC trades in clearinghouses.

World market of nuclear fuel: new capabilities and difficulties

International Nuclear Information System (INIS)

Maks, A.; Kening, R.

1992-01-01

History of beginning, state and development prospects of the world market of nuclear fuel are considered. In detail is discussed the role of countries, being at the former USSR territory, in the uranium production and its market deliveries

Hydrogen Storage Needs for Early Motive Fuel Cell Markets

Energy Technology Data Exchange (ETDEWEB)

Kurtz, J.; Ainscough, C.; Simpson, L.; Caton, M.

2012-11-01

The National Renewable Energy Laboratory's (NREL) objective for this project is to identify performance needs for onboard energy storage of early motive fuel cell markets by working with end users, manufacturers, and experts. The performance needs analysis is combined with a hydrogen storage technology gap analysis to provide the U.S. Department of Energy (DOE) Fuel Cell Technologies Program with information about the needs and gaps that can be used to focus research and development activities that are capable of supporting market growth.

Environmental economics of lignin derived transport fuels

OpenAIRE

Obydenkova, SV; Kouris, P Panagiotis; Hensen, EJM Emiel; Heeres, Hero J; Boot, MD Michael

2017-01-01

This paper explores the environmental and economic aspects of fast pyrolytic conversion of lignin, obtained from 2G ethanol plants, to transport fuels for both the marine and automotive markets. Various scenarios are explored, pertaining to aggregation of lignin from several sites, alternative energy carries to replace lignin, transport modalities, and allocation methodology. The results highlight two critical factors that ultimately determine the economic and/or environmental fuel viability....

Biofuels in Spain: Market penetration analysis and competitiveness in the automotive fuel market

International Nuclear Information System (INIS)

Sobrino, Fernando Hernandez; Monroy, Carlos Rodriguez; Perez, Jose Luis Hernandez

2010-01-01

For several years the European Union (E.U.) has been promoting the use of biofuels due to their potential benefits such as the reduction of dependence on foreign energy imports (the raw materials can be produced within the E.U.), the more stable fossil fuel prices (they can replace fossil fuels on the market), the greenhouse gas (GHG) reduction (biofuels' raw materials fix CO 2 from the atmosphere) and the fact that they can represent an additional source of income for the primary sector (biofuels' raw materials are vegetables that can be grown and harvested). Despite the public aids (direct and indirect), biofuels are not competitive with fossil fuels at present, but it is possible that in the future the environment conditions change and biofuels might become competitive. It is difficult to assess whether this will happen or not, but it is possible to make an assessment of a future situation. This article presents two analyses with one objective: to determine if biofuels might become competitive in the future. The first analysis examines the dependencies of two quotations which have a strong relationship with fuels: the crude oil quotation and the CO 2 bond quotation. The analysis of these relationships may help to forecast the future competitiveness of biofuels. For instance, biofuels' future competitiveness will be higher if their raw material costs are not related to crude oil quotations or if they are related in a negative way (the higher the crude oil quotations the lower the raw material biofuels' cost). The second analysis focuses on the market penetration of biofuels in the Spanish market. There are data related to biofuels monthly consumption in Spain since 2007 and it is possible to know if biofuels are gaining market quota since then. (author)

Biofuels in Spain: Market penetration analysis and competitiveness in the automotive fuel market

Energy Technology Data Exchange (ETDEWEB)

Sobrino, Fernando Hernandez; Monroy, Carlos Rodriguez [Department of Business Administration, School of Industrial Engineering, Universidad Politecnica de Madrid, Jose Gutierrez Abascal 2, 28006 Madrid (Spain); Perez, Jose Luis Hernandez [High School Chemistry Teacher, Madrid (Spain)

2010-12-15

For several years the European Union (E.U.) has been promoting the use of biofuels due to their potential benefits such as the reduction of dependence on foreign energy imports (the raw materials can be produced within the E.U.), the more stable fossil fuel prices (they can replace fossil fuels on the market), the greenhouse gas (GHG) reduction (biofuels' raw materials fix CO{sub 2} from the atmosphere) and the fact that they can represent an additional source of income for the primary sector (biofuels' raw materials are vegetables that can be grown and harvested). Despite the public aids (direct and indirect), biofuels are not competitive with fossil fuels at present, but it is possible that in the future the environment conditions change and biofuels might become competitive. It is difficult to assess whether this will happen or not, but it is possible to make an assessment of a future situation. This article presents two analyses with one objective: to determine if biofuels might become competitive in the future. The first analysis examines the dependencies of two quotations which have a strong relationship with fuels: the crude oil quotation and the CO{sub 2} bond quotation. The analysis of these relationships may help to forecast the future competitiveness of biofuels. For instance, biofuels' future competitiveness will be higher if their raw material costs are not related to crude oil quotations or if they are related in a negative way (the higher the crude oil quotations the lower the raw material biofuels' cost). The second analysis focuses on the market penetration of biofuels in the Spanish market. There are data related to biofuels monthly consumption in Spain since 2007 and it is possible to know if biofuels are gaining market quota since then. (author)

EFFECTIVENESS OF CAPITAL MARKET DERIVATIVES IN HOUSING DELIVERY OF NIGERIA EMERGING MARKET

Directory of Open Access Journals (Sweden)

Bernard Adjekophori

2016-07-01

Full Text Available The capital market is unarguably the most robust institution in any economy notable for mobilizing the necessary fund for financing long-term productive project. It controls relatively large amounts of capital and represent the largest institutional providing long-term credits for capital project like real estate that requires huge capital outlay. This study therefore, attempts an investigation into the effectiveness of capital market derivatives in housing delivery in Lagos. An empirical survey research was conducted in Lagos, using a random sampling technique with a structured questionnaire to collect data from 147 respondents comprising 89 stockbrokers and 58 real estate developers in Lagos mega-city. Data collected were analyzed with SPSS using descriptive and inferential statistics. The result revealed that 56.7% of the observed variations in housing delivery (R2= 0.567; p< 0.05 is explained by capital market derivatives, which suggests that, proper utilization of capital market derivatives will enhance and improve housing delivery in Nigeria. However, this is not been adequately used by developers of real estate projects in the study. Thus, the study recommends amongst other remedial steps that a synergetic effort should be created between the capital market and real estate developers which will enhance effective housing delivery, the development of people and the Nation.

[U.S. renewable fuel standard implementation mechanism and market tracking].

Science.gov (United States)

Kang, Liping; Earley, Robert; An, Feng; Zhang, Yu

2013-03-01

U.S. Renewable Fuel Standard (RFS) is a mandatory policy for promoting the utilization of biofuels in road transpiration sector in order to reduce the country's dependency on foreign oil and greenhouse gas emissions. U.S. Environmental Protection Agency (EPA) defines the proportion of renewable fuels according to RFS annual target, and requests obligated parties such like fossil fuel refiner, blenders and importer in the U.S. to complete Renewable Volume Obligation (RVO) every year. Obligated parties prove they have achieved their RVO through a renewable fuels certification system, which generates Renewable Identification Numbers (RINs) for every gallon of qualified renewable fuels produced or imported into U.S., RINs is a key for tracking renewable fuel consumption, which in turn is a key for implementing the RFS in the U.S., separated RINs can be freely traded in market and obligated parties could fulfill their RVO through buying RINs from other stakeholders. This briefing paper highlights RFS policy implementing mechanism and marketing tracking, mainly describes importance of RINs, and the method for generating and tracking RINs by both government and fuels industry participants.

Optimisation of fuel stocks under liberalisation of energy market

International Nuclear Information System (INIS)

Shipkovs, P.; Sitenko, L.; Kashkarova, G.

2001-01-01

The paper discusses the influence of regional fuel stocks on the reliability of the energy sector's activities in a given region. The authors give classification of stocks by their purpose and describe their role in avoiding energy shortage situations. The fuel deficiency at a regional fuel market is shown in connection with the resulting loss for the national economy. The authors employ imitative modelling for investigation of fuel supply schemes acting in Latvia. They estimate possible expenses on the maintenance of fuels - such as gas, residual oil, and coal - for different variants of fuel delivery. (author)

Clean fuel for demanding environmental markets

Energy Technology Data Exchange (ETDEWEB)

Josewicz, W.; Natschke, D.E. [Acurex Environmental Corp., Research Triangle Park, NC (United States)

1995-12-31

Acurex Environmental Corporation is bringing Clean Fuel to the environmentally demand Krakow market, through the cooperative agreement with the U.S. Department of Energy. Clean fuel is a proprietary clean burning coal-based energy source intended for use in stoves and hand stoked boilers. Clean Fuel is a home heating fuel that is similar in form and function to raw coal, but is more environmentally friendly and lower in cost. The heating value of Clean Fuel is 24,45 kJ/kg. Extensive sets of confirmation runs were conducted in the Academy of Mining and Metallurgy in the Krakow laboratories. It demonstrated up to 54 percent reduction of particulate matter emission, up to 35 percent reduction of total hydrocarbon emissions. Most importantly, polycyclic aromatic hydrocarbons (toxic and carcinogens compounds) emissions were reduced by up to 85 percent, depending on species measured. The above comparison was made against premium chunk coal that is currently available in Krakow for approximately $83 to 93/ton. Clean Fuel will be made available in Krakow at a price approximately 10 percent lower than that of the premium chunk coal.

Fuel cell two-wheelers : good market potential in Shanghai and suggestions for development

International Nuclear Information System (INIS)

Li, L.; Yu, Z.; Gong, H.

2005-01-01

A feasibility study on the market potential of 2-wheel fuel cell vehicles in Shanghai, China was presented. The Chinese government has recently invested a considerable amount of money in fuel cell technology research programs. However, 2-wheel fuel cell vehicles are not included in the program's plans. Considering future transportation models and examining market demand, it was anticipated that the 2-wheel fuel cell vehicles have an enormous market potential in China. An outline of market demands was presented. Issues concerning technological availability, hydrogen supply availability and government policies were considered. An economic overview of Shanghai was presented. International trends in fuel cell vehicles were reviewed, as well as issues concerning traffic and environmental impacts. Recommended policies for development were presented. Supply and demand issues were also considered. At present, 2-wheelers are only at the conceptual and demonstration stage. A graduated commercial framework for fuel cell bicycles and scooters was presented, which included initial production and medium scale production phases as well as the development of a hydrogen supply network over a period of 9 years. It was concluded that, as there are more than 9 million bicycles and over 300,000 motorcycles in Shanghai, there is potentially a huge market and a good base the development phases and gradual commercialization of 2-wheel fuel cell vehicles. 9 refs., 4 tabs., 3 figs

Perspectives of the LPG-fuel market

International Nuclear Information System (INIS)

Anon.

1996-01-01

In today's context of environment protection cares and in agreement with the actions carried out by the local authorities and organizations, the LPG-fuel appears in the media with a reviving good and credible reputation. However, one can ask about its real perspectives of development. This short paper analyses the conditions for this development at the international and at the national scale. LPG-fuel is the most used and most performing alternative fuel in the world and can contribute to the energy independence of the countries with national LPG resources. Its technological mastery leads progressively the car manufacturers to propose vehicles already equipped with dual-fuel engines, but to reach its expected success, LPG-fuel needs a financial aid from the national authorities in the form of taxes reduction. Its privileged markets are the taxicabs, the public transportation systems and the fleets of intervention vehicles. In France, the network of LPG distribution stations is progressively reinforcing but a revision of the legal texts concerning the training of personnel and the approval of repair shops must be updated. (J.S.)

Data Analysis for ARRA Early Fuel Cell Market Demonstrations (Presentation)

Energy Technology Data Exchange (ETDEWEB)

Kurtz, J.; Wipke, K.; Sprik, S.; Ramsden, T.

2010-05-01

Presentation about ARRA Early Fuel Cell Market Demonstrations, including an overview of the ARRE Fuel Cell Project, the National Renewable Energy Laboratory's data analysis objectives, deployment composite data products, and planned analyses.

Market survey of fuel cells in Mexico: Niche for low power portable systems

Energy Technology Data Exchange (ETDEWEB)

Ramirez-Salgado, Joel [Programa de Ingenieria Molecular, Instituto Mexicano del Petroleo, Eje Lazaro Cardenas No 152, 07730 D. F. (Mexico); Dominguez-Aguilar, Marco A. [Laboratorio de Sintesis Quimica y Electroquimica, Instituto Mexicano del Petroleo, Eje Lazaro Cardenas No 152, 07730 D. F. (Mexico)

2009-01-15

This work provides an overview of the potential market in Mexico for portable electronic devices to be potentially powered by direct methanol fuel cells. An extrapolation method based on data published in Mexico and abroad served to complete this market survey. A review of electronics consumption set the basis for the future forecast and technology assimilation. The potential market for fuel cells for mobile phones in Mexico will be around 5.5 billion USD by 2013, considering a cost of 41 USD per cell in a market of 135 million mobile phones. Likewise, the market for notebook computers, PDAs and other electronic devices will likely grow in the future, with a combined consumption of fuel cell technology equivalent to 1.6 billion USD by 2014. (author)

Market survey of fuel cells in Mexico: Niche for low power portable systems

Science.gov (United States)

Ramírez-Salgado, Joel; Domínguez-Aguilar, Marco A.

This work provides an overview of the potential market in Mexico for portable electronic devices to be potentially powered by direct methanol fuel cells. An extrapolation method based on data published in Mexico and abroad served to complete this market survey. A review of electronics consumption set the basis for the future forecast and technology assimilation. The potential market for fuel cells for mobile phones in Mexico will be around 5.5 billion USD by 2013, considering a cost of 41 USD per cell in a market of 135 million mobile phones. Likewise, the market for notebook computers, PDAs and other electronic devices will likely grow in the future, with a combined consumption of fuel cell technology equivalent to 1.6 billion USD by 2014.

An analysis of heating fuel market behavior, 1989--1990

Energy Technology Data Exchange (ETDEWEB)

1990-06-01

The purpose of this report is to fully assess the heating fuel crisis from a broader and longer-term perspective. Using EIA final, monthly data, in conjunction with credible information from non-government sources, the pricing phenomena exhibited by heating fuels in late December 1989 and early January 1990 are described and evaluated in more detail and more accurately than in the interim report. Additionally, data through February 1990 (and, in some cases, preliminary figures for March) make it possible to assess the market impact of movements in prices and supplies over the heating season as a whole. Finally, the longer time frame and the availability of quarterly reports filed with the Securities and Exchange Commission make it possible to weigh the impact of revenue gains in December and January on overall profits over the two winter quarters. Some of the major, related issues raised during the House and Senate hearings in January concerned the structure of heating fuel markets and the degree to which changes in this structure over the last decade may have influenced the behavior and financial performance of market participants. Have these markets become more concentrated Was collusion or market manipulation behind December's rising prices Did these, or other, factors permit suppliers to realize excessive profits What additional costs were incurred by consumers as a result of such forces These questions, and others, are addressed in the course of this report.

Pricing and Hedging of Derivatives in Contagious Markets

DEFF Research Database (Denmark)

Kokholm, Thomas

2016-01-01

It is well documented that stock markets are contagious. A negative shock to one market increases the probability of adverse shocks to other markets. We model this contagion effect by including mutually exciting jump processes in the dynamics of the indexes' log-returns. On top of this we add...... a stochastic volatility component to the dynamics. It is important to take the contagion effect into account if derivatives written on a basket of assets are to be priced or hedged. Due to the affine model specification the joint characteristic function of the log-returns is known analytically, and for two......-asset derivatives prices and show how for certain derivatives the impact is heavy. Moreover, we derive hedge ratios for European put and call options and perform a numerical experiment, which illustrates the impact of contagious jumps on option prices and hedge ratios. Mutually exciting processes have been analyzed...

Price transparency on the market for automotive fuels. Final report

International Nuclear Information System (INIS)

Meindert, L.; Van Schijndel, M.; Volkerink, B.

2011-05-01

The objective of this study is to answer the main question: which bottlenecks may obstruct the road to up-to-date, reliable and fully market covering price comparison services for the Dutch market for automotive fuels. [nl

Derivative Securities on Romanian Capital Market

Directory of Open Access Journals (Sweden)

Ramona Maria GOGONCEA

2011-12-01

Full Text Available This study aimed to investigate whether the world wide agreed models of valuation of derivates may be properly applied to the Romanian capital market, obtaining reliable results for decision makers. The most common valuation models take into account market data such as, interest and exchange rates, volatilities and the price of the underlying instrument. The procedures for valuation must clearly define the nature of the market data to be taken into consideration (for example the zero-coupon curve for the valuation of swaps and the independent reference base to be used (Reuters at a given time, bid/offer or mid price, broker. In order to be able to obtain the results, I based my study on a self-developed software which can calculate the price and characteristics for different types of derivatives securities once the primary data are filled in. I compared the results obatined usig the valuation models with the actual prices on the Romanian capital market. I expected that the results obtained to be more accurate as the parameters used in the calculation models properly reflect market data as at that date being as widely as possible.. These assumptions were only supported for certain value orientations. In conclusion, explanations for these results are given and limitations for this study are discussed. Also, suggestions for future research are presented in the final part of the article.

ENUSA in the international market of nuclear fuel

International Nuclear Information System (INIS)

Gutierrez, J. E.; Gonzalez, R.

2002-01-01

ENUSA Industrias Avanzadas, s. a. has a promising future into the nuclear fuel world market evolving from a starting model of a state owned company focused on the Spanish market and using exclusively the technology coming from their American partners, to a current model of a modern company where technological innovation, the competitiveness and the quality are key factors in the developments of his business. ENUSA is a company oriented to the export sustained by the integrated services provided to the Spanish nuclear sector,where Europe is his natural market, but open to seek opportunities together with his technological partners into the American and Japanese market. (Author)

Refuse derived fuel incineration: Fuel gas monitoring and analysis

International Nuclear Information System (INIS)

Ranaldi, E.; Coronidi, M.; De Stefanis, P.; Di Palo, C.; Zagaroli, M.

1993-11-01

Experience and results on refuse derived fuel (selected from municipal solid wastes) incineration are reported. The study involved the investigation of inorganic compounds (heavy metals, acids and toxic gases) emissions, and included feeding materials and incineration residues characterization and mass balance

Environmental economics of lignin derived transport fuels

NARCIS (Netherlands)

Obydenkova, Svetlana V.; Kouris, Panos D.; Hensen, Emiel J. M.; Heeres, Hero J.; Boot, Michael D.

2017-01-01

This paper explores the environmental and economic aspects of fast pyrolytic conversion of lignin, obtained from 2G ethanol plants, to transport fuels for both the marine and automotive markets. Various scenarios are explored, pertaining to aggregation of lignin from several sites, alternative

Mexico; Financial Sector Assessment Program Update: Technical Note: Derivatives Market: Overview and Potential Vulnerabilities

OpenAIRE

International Monetary Fund

2007-01-01

This technical note provides an overview of Mexico’s derivatives markets, and describes concisely the derivatives regulatory framework and risk management practices in financial institutions active in these markets. The most important derivatives market in Mexico is the over-the-counter (OTC) derivatives market, which is fully integrated with the global derivatives market. The origin of the OTC derivatives market can be traced back to the 1994 Mexican crisis that forced Mexico to abandon its ...

Market-Based and System-Wide Fuel Cycle Optimization

Energy Technology Data Exchange (ETDEWEB)

Wilson, Paul Philip Hood [Univ. of Wisconsin, Madison, WI (United States); Scopatz, Anthony [Univ. of South Carolina, Columbia, SC (United States); Gidden, Matthew [Univ. of Wisconsin, Madison, WI (United States); Carlsen, Robert [Univ. of Wisconsin, Madison, WI (United States); Mouginot, Baptiste [Univ. of Wisconsin, Madison, WI (United States); Flanagan, Robert [Univ. of South Carolina, Columbia, SC (United States)

2017-06-13

This work introduces automated optimization into fuel cycle simulations in the Cyclus platform. This includes system-level optimizations, seeking a deployment plan that optimizes the performance over the entire transition, and market-level optimization, seeking an optimal set of material trades at each time step. These concepts were introduced in a way that preserves the flexibility of the Cyclus fuel cycle framework, one of its most important design principles.

Market-Based and System-Wide Fuel Cycle Optimization

International Nuclear Information System (INIS)

Wilson, Paul Philip Hood; Scopatz, Anthony; Gidden, Matthew; Carlsen, Robert; Mouginot, Baptiste; Flanagan, Robert

2017-01-01

This work introduces automated optimization into fuel cycle simulations in the Cyclus platform. This includes system-level optimizations, seeking a deployment plan that optimizes the performance over the entire transition, and market-level optimization, seeking an optimal set of material trades at each time step. These concepts were introduced in a way that preserves the flexibility of the Cyclus fuel cycle framework, one of its most important design principles.

The nuclear fuel elements' world market and the position of the Argentine Republic as producer

International Nuclear Information System (INIS)

Biondo, C.D.

1983-01-01

The development of the nuclear fuel elements' industry is analyzed, both in the present and projected world market, up to the year 2000, in the light of the situation affecting the nucleoelectric industry. By means of the offer/demand function, an analysis is made of the behaviour of the fuel elements' market throughout the fuel cycle structure. The regional unbalances between availability and demand of uranium resources are considered, as well as the factors having an unfavorable incidence on the fuel cycle's economic equation. The economic structure to be used for the calculation of the nucleoelectric generating cost is presented, in order to situate, within said nuclear economy, the component corresponding to the fuel cycle cost. Emphasis is placed on the 'front end' stages of the fuel cycle, but also considering those stages belonging to the 'back end'. Argentina's fuel elements market and its present and projected nucleoelectric park are analyzed, indicating their relative position in the world market. (R.J.S.) [es

Derivative Market: An Integral Part Of The Zimbabwe Stock Exchange

OpenAIRE

Kosmas Njanike

2010-01-01

The study assesses the need for a derivative market as an integral of Zimbabwe Stock Exchange. It also aims to evaluate the feasibility of establishing a derivative market as an essential element of Zimbabwe Stock Exchange. The research identifies factors that need to be addressed to facilitate such a market. Views of various fund managers, financial analysts and dealers drawn from asset management firms were used. Changes in market trends are influenced by hyper inflation and acute financial...

Analysis and modelling of the fuels european market

International Nuclear Information System (INIS)

Simon, V.

1999-04-01

The research focus on the European fuel market prices referring to the Rotterdam and Genoa spot markets as well the German, Italian and French domestic markets. The thesis try to explain the impact of the London IPE future market on spot prices too. The mainstream research has demonstrated that co-integration seems to be the best theoretical approach to investigate the long run equilibrium relations. A particular attention will be devoted to the structural change in the econometric modelling on these equilibriums. A deep analysis of the main European petroleum products markets permit a better model specification concerning each of these markets. Further, we will test if any evidence of relations between spot and domestic prices could be confirmed. Finally, alternative scenarios will be depicted to forecast prices in the petroleum products markets. The objective is to observe the model reaction to changes crude oil prices. (author)

The impact of energy derivatives on the crude oil market

Energy Technology Data Exchange (ETDEWEB)

Fleming, J.; Ostdiek, B. [Jones Graduate School of Management, Rice University, MS 531, P.O. Box 1892 Houston, TX (United States)

1999-04-01

We examine the effects of energy derivatives trading on the crude oil market. There is a common public and regulatory perception that derivative securities increase volatility and can have a destabilizing effect on the underlying market. Consistent with this view, we find an abnormal increase in volatility for three consecutive weeks following the introduction of NYMEX crude oil futures. While there is also evidence of a longer-term volatility increase, this is likely due to exogenous factors, such as the continuing deregulation of the energy markets. Subsequent introductions of crude oil options and derivatives on other energy commodities have no effect on crude oil volatility. We also examine the effects of derivatives trading on the depth and liquidity of the crude oil market. This analysis reveals a strong inverse relation between the open interest in crude oil futures and spot market volatility. Specifically, when open interest is greater, the volatility shock associated with a given unexpected increase in volume is much smaller. (Copyright (c) 1999 Elsevier Science B.V., Amsterdam. All rights reserved.)

The impact of energy derivatives on the crude oil market

International Nuclear Information System (INIS)

Fleming, J.; Ostdiek, B.

1999-01-01

We examine the effects of energy derivatives trading on the crude oil market. There is a common public and regulatory perception that derivative securities increase volatility and can have a destabilizing effect on the underlying market. Consistent with this view, we find an abnormal increase in volatility for three consecutive weeks following the introduction of NYMEX crude oil futures. While there is also evidence of a longer-term volatility increase, this is likely due to exogenous factors, such as the continuing deregulation of the energy markets. Subsequent introductions of crude oil options and derivatives on other energy commodities have no effect on crude oil volatility. We also examine the effects of derivatives trading on the depth and liquidity of the crude oil market. This analysis reveals a strong inverse relation between the open interest in crude oil futures and spot market volatility. Specifically, when open interest is greater, the volatility shock associated with a given unexpected increase in volume is much smaller. (Copyright (c) 1999 Elsevier Science B.V., Amsterdam. All rights reserved.)

The nuclear fuel management in a new market: The Spanish Case

International Nuclear Information System (INIS)

Gonzalez, P.

2001-01-01

The modification of traditional policies in nuclear business of Spanish Electrical Utilities, to meet new regulations is presented in this paper. It would be remarkable the influence of a new environment of significant economical transformation, which show us utilities affected by reorganization processes to face market demands. We will pay special attention to those activities involved in nuclear fuel management. Focusing in the field of Enriched Uranium supply, ENUSA, a state owned company, according to legal framework, played the role of sole supplier. The liberalization of primary energy sources was the turning point that triggered a process of changes. Now, the utilities rule the overall strategy and, not surprisingly they do definitively it is not. The new regulations tend to create conditions for a truly free market. So, competitiveness has become the magic word for almost all electricity producers. But in our case, the first question to be answered should be if free market does really mean a threat for us, or if it is just and external reference that puts no real pressure in our future plans. Lets remember that nuclear fuel cost in Spain is much lower than any other fuel cost. The working model we have defined is oriented to get benefit from market opportunities, improve flexibility and avoiding uncertainties in planning fuel cost strategy. (Author)

Markets and economics of mixed waste paper as a boiler fuel

International Nuclear Information System (INIS)

Lyons, J.K.; Kerstetter, J.D.

1991-01-01

Mixed waste paper (MWP) is the second largest component of the municipal solid waste steam disposal of in Washington State. Recent state legislation has mandated source separation of recycled material including MWP. The quantity collected will soon saturate both domestic and foreign markets. An alternative market could be as a fuel in existing combustors. The use of MWP as a fuel requires environmental and economic acceptance by potential users. MWP was analyzed for heavy metal concentrations and elemental composition and found to be similar to existing solid and fossil fuels burned in existing boilers. Existing regulations, however, may classify MWP as a municipal solid waste, thus increasing the capital and administrative costs of using this fuel. The cost of processing MWP into a fluff and a pellet was determined. Three existing facilities were studied to determine the capital and operating costs for them to use MWP fuel. In all cases, the cost of processing and transporting the fuel was greater than the break-even price that could be paid by the potential users

Implementation of direct LSC method for diesel samples on the fuel market

International Nuclear Information System (INIS)

Krištof, Romana; Hirsch, Marko; Kožar Logar, Jasmina

2014-01-01

The European Union develops common EU policy and strategy on biofuels and sustainable bio-economy through several documents. The encouragement of biofuel's consumption is therefore the obligation of each EU member state. The situation in Slovenian fuel market is presented and compared with other EU countries in the frame of prescribed values from EU directives. Diesel is the most common fuel for transportation needs in Slovenia. The study was therefore performed on diesel. The sampling net was determined in accordance with the fuel consumption statistics of the country. 75 Sampling points were located on different types of roads. The quantity of bio-component in diesel samples was determined by direct LSC method through measurement of C-14 content. The measured values were in the range from 0 up to nearly 6 mass percentage of bio-component in fuel. The method has proved to be appropriate, suitable and effective for studies on the real fuel market. - Highlights: • The direct LSC method was tested and applied on real fuel samples from the Slovenian market. • The results of the study are comparable with the findings of official of EUROSTAT's report. • Comparison to other EU member states and EU directive prescription was performed

Commercialization analysis for fuels from Pinyon-Juniper biomass

International Nuclear Information System (INIS)

Morris, G.P.

1993-01-01

Pinyon-Juniper (P-J) is a predominant forest type in the Southwestern US, and in many areas it is considered a hinderance to optimal land use management. There is only limited commercial demand for the traditional products that are produced from PJ biomass, like Christmas trees, fence poles, and firewood, and their production does not always promote overall land-management goals. This research effort, which is supported by the DOE through the Western Regional Biomass Energy Program, identifies commercially feasible energy markets to promote sustainable land clearing operations for alternative land uses of P-J woodlands in Eastern Nevada. All of the woodlands under consideration are federal lands managed by the U.S. Bureau of Land Management, which is supportive of our concept. Three possible markets are available or could reasonably be developed to use fuels derived from PJ biomass in Nevada: (1) The existing market for biomass power-plant fuels in California. (2) The emerging market for fuels for residential pellet-burning stoves. (3) The development of a biomass-fired power plant in the Eastern Nevada Area. The study analyzes the cost of harvesting, processing, transporting, and delivering fuels derived from P-J biomass, and identifies commercialization strategies for bringing these fuels to market. The best opportunity for near term commercial conversion of P-J biomass to fuel lies in the area of entering the pellet-stove fuel market, establishing a 10,000 ton per year pelletizing facility in Lincoln County. Such a facility would have excellent access to markets in Las Vegas, Phoenix, Denver, and Salt Lake City

Diesel engine performance and emissions with fuels derived from waste tyres.

Science.gov (United States)

Verma, Puneet; Zare, Ali; Jafari, Mohammad; Bodisco, Timothy A; Rainey, Thomas; Ristovski, Zoran D; Brown, Richard J

2018-02-06

The disposal of waste rubber and scrap tyres is a significant issue globally; disposal into stockpiles and landfill poses a serious threat to the environment, in addition to creating ecological problems. Fuel production from tyre waste could form part of the solution to this global issue. Therefore, this paper studies the potential of fuels derived from waste tyres as alternatives to diesel. Production methods and the influence of reactor operating parameters (such as reactor temperature and catalyst type) on oil yield are outlined. These have a major effect on the performance and emission characteristics of diesel engines when using tyre derived fuels. In general, tyre derived fuels increase the brake specific fuel consumption and decrease the brake thermal efficiency. The majority of studies indicate that NOx emissions increase with waste tyre derived fuels; however, a few studies have reported the opposite trend. A similar increasing trend has been observed for CO and CO 2 emissions. Although most studies reported an increase in HC emission owing to lower cetane number and higher density, some studies have reported reduced HC emissions. It has been found that the higher aromatic content in such fuels can lead to increased particulate matter emissions.

Pressurised combustion of biomass-derived, low calorific value, fuel gas

Energy Technology Data Exchange (ETDEWEB)

Andries, J; Hoppesteyn, P D.J.; Hein, K R.G. [Lab. for Thermal Power Engineering, Dept. of Mechanical Engineering and Marine Technology, Delft Univ. of Technology (Netherlands)

1997-12-31

The Laboratory for Thermal Power Engineering of the Delft University of Technology is participating in an EU-funded, international R + D project which is designed to aid European industry in addressing issues regarding pressurised combustion of biomass-derived, low calorific flue fuel gas. The objects of the project are: To design, manufacture and test a pressurised, high temperature gas turbine combustor for biomass derived LCV fuel gas; to develop a steady-state and dynamic model describing a combustor using biomass-derived, low calorific value fuel gases; to gather reliable experimental data on the steady-state and dynamic characteristics of the combustor; to study the steady-state and dynamic plant behaviour using a plant layout wich incorporates a model of a gas turbine suitable for operation on low calorific value fuel gas. (orig)

Pressurised combustion of biomass-derived, low calorific value, fuel gas

Energy Technology Data Exchange (ETDEWEB)

Andries, J.; Hoppesteyn, P.D.J.; Hein, K.R.G. [Lab. for Thermal Power Engineering, Dept. of Mechanical Engineering and Marine Technology, Delft Univ. of Technology (Netherlands)

1996-12-31

The Laboratory for Thermal Power Engineering of the Delft University of Technology is participating in an EU-funded, international R + D project which is designed to aid European industry in addressing issues regarding pressurised combustion of biomass-derived, low calorific flue fuel gas. The objects of the project are: To design, manufacture and test a pressurised, high temperature gas turbine combustor for biomass derived LCV fuel gas; to develop a steady-state and dynamic model describing a combustor using biomass-derived, low calorific value fuel gases; to gather reliable experimental data on the steady-state and dynamic characteristics of the combustor; to study the steady-state and dynamic plant behaviour using a plant layout wich incorporates a model of a gas turbine suitable for operation on low calorific value fuel gas. (orig)

Competition still fierce in the US fuel fabrication market

International Nuclear Information System (INIS)

Schwartz, M.H.

1990-01-01

The US market for nuclear fuel fabrication services is characterized by an annual production capacity significantly in excess of both current and anticipated demand. The trends toward longer operating cycle lengths and higher burnup fuel continue in the United States. This, together with the lack of any prospects for new light water reactors coming on line in the US during the next ten years, is expected to hold the annual demand for fuel fabrication services from US LWRs at around 2000t of uranium into the next century. (author)

Commercializing fuel cells: managing risks

Science.gov (United States)

Bos, Peter B.

Commercialization of fuel cells, like any other product, entails both financial and technical risks. Most of the fuel cell literature has focussed upon technical risks, however, the most significant risks during commercialization may well be associated with the financial funding requirements of this process. Successful commercialization requires an integrated management of these risks. Like any developing technology, fuel cells face the typical 'Catch-22' of commercialization: "to enter the market, the production costs must come down, however, to lower these costs, the cumulative production must be greatly increased, i.e. significant market penetration must occur". Unless explicit steps are taken to address this dilemma, fuel cell commercialization will remain slow and require large subsidies for market entry. To successfully address this commercialization dilemma, it is necessary to follow a market-driven commercialization strategy that identifies high-value entry markets while minimizing the financial and technical risks of market entry. The financial and technical risks of fuel cell commercialization are minimized, both for vendors and end-users, with the initial market entry of small-scale systems into high-value stationary applications. Small-scale systems, in the order of 1-40 kW, benefit from economies of production — as opposed to economies to scale — to attain rapid cost reductions from production learning and continuous technological innovation. These capital costs reductions will accelerate their commercialization through market pull as the fuel cell systems become progressively more viable, starting with various high-value stationary and, eventually, for high-volume mobile applications. To facilitate market penetration via market pull, fuel cell systems must meet market-derived economic and technical specifications and be compatible with existing market and fuels infrastructures. Compatibility with the fuels infrastructure is facilitated by a

Time-varying convergence in European electricity spot markets and their association with carbon and fuel prices

International Nuclear Information System (INIS)

Menezes, Lilian M. de; Houllier, Melanie A.; Tamvakis, Michael

2016-01-01

Long-run dynamics of electricity prices are expected to reflect fuel price developments, since fuels generally account for a large share in the cost of generation. As an integrated European market for electricity develops, wholesale electricity prices should be converging as a result of market coupling and increased interconnectivity. Electricity mixes are also changing, spurred by a drive to significantly increase the share of renewables. Consequently, the electricity wholesale price dynamics are evolving, and the fuel–electricity price nexus that has been described in the literature is likely to reflect this evolution. This study investigates associations between spot prices from the British, French and Nordpool markets with those in connected electricity markets and fuel input prices, from December 2005 to October 2013. In order to assess the time-varying dynamics of electricity spot price series, localized autocorrelation functions are used. Electricity spot prices in the three markets are found to have stationary and non-stationary periods. When a trend in spot prices is observed, it is likely to reflect the trend in fuel prices. Cointegration analysis is then used to assess co-movement between electricity spot prices and fuel inputs to generation. The results show that British electricity spot prices are associated with fuel prices and not with price developments in connected markets, while the opposite is observed in the French and Nordpool day-ahead markets. - Highlights: • Electricity market integration policies may have altered EU spot electricity prices. • LACF is used to assess the changing nature of electricity spot prices. • EU electricity spot prices show both stationary and non-stationary periods. • Carbon and fuel prices have greater impact on British spot prices. • In continental Europe, electricity prices have decoupled from fuel prices.

Designing the microturbine engine for waste-derived fuels.

Science.gov (United States)

Seljak, Tine; Katrašnik, Tomaž

2016-01-01

Presented paper deals with adaptation procedure of a microturbine (MGT) for exploitation of refuse derived fuels (RDF). RDF often possess significantly different properties than conventional fuels and usually require at least some adaptations of internal combustion systems to obtain full functionality. With the methodology, developed in the paper it is possible to evaluate the extent of required adaptations by performing a thorough analysis of fuel combustion properties in a dedicated experimental rig suitable for testing of wide-variety of waste and biomass derived fuels. In the first part key turbine components are analyzed followed by cause and effect analysis of interaction between different fuel properties and design parameters of the components. The data are then used to build a dedicated test system where two fuels with diametric physical and chemical properties are tested - liquefied biomass waste (LW) and waste tire pyrolysis oil (TPO). The analysis suggests that exploitation of LW requires higher complexity of target MGT system as stable combustion can be achieved only with regenerative thermodynamic cycle, high fuel preheat temperatures and optimized fuel injection nozzle. Contrary, TPO requires less complex MGT design and sufficient operational stability is achieved already with simple cycle MGT and conventional fuel system. The presented approach of testing can significantly reduce the extent and cost of required adaptations of commercial system as pre-selection procedure of suitable MGT is done in developed test system. The obtained data can at the same time serve as an input for fine-tuning the processes for RDF production. Copyright © 2015. Published by Elsevier Ltd.

Redundancy of Supply in the International Nuclear Fuel Fabrication Market: Are Fabrication Services Assured?

International Nuclear Information System (INIS)

Seward, Amy M.; Toomey, Christopher; Ford, Benjamin E.; Wood, Thomas W.; Perkins, Casey J.

2011-01-01

For several years, Pacific Northwest National Laboratory (PNNL) has been assessing the reliability of nuclear fuel supply in support of the U.S. Department of Energy/National Nuclear Security Administration. Three international low enriched uranium reserves, which are intended back up the existing and well-functioning nuclear fuel market, are currently moving toward implementation. These backup reserves are intended to provide countries credible assurance that of the uninterrupted supply of nuclear fuel to operate their nuclear power reactors in the event that their primary fuel supply is disrupted, whether for political or other reasons. The efficacy of these backup reserves, however, may be constrained without redundant fabrication services. This report presents the findings of a recent PNNL study that simulated outages of varying durations at specific nuclear fuel fabrication plants. The modeling specifically enabled prediction and visualization of the reactors affected and the degree of fuel delivery delay. The results thus provide insight on the extent of vulnerability to nuclear fuel supply disruption at the level of individual fabrication plants, reactors, and countries. The simulation studies demonstrate that, when a reasonable set of qualification criteria are applied, existing fabrication plants are technically qualified to provide backup fabrication services to the majority of the world's power reactors. The report concludes with an assessment of the redundancy of fuel supply in the nuclear fuel market, and a description of potential extra-market mechanisms to enhance the security of fuel supply in cases where it may be warranted. This report is an assessment of the ability of the existing market to respond to supply disruptions that occur for technical reasons. A forthcoming report will address political disruption scenarios.

Small-scale fuel cell cogen: application potentials and market strategies

International Nuclear Information System (INIS)

Vogel, Bernd

2000-01-01

Small (less than 5 kW) fuel-cell cogeneration systems are now being developed for use in residential buildings. The devices are expected to be on the market in five years. The article discusses the potential for their large-scale introduction, the impact of this new technology on the natural gas business, potential applications and marketing strategies

Determinants of Revenue Derived from Pineapple Marketing in Edo ...

African Journals Online (AJOL)

Determinants of Revenue Derived from Pineapple Marketing in Edo State, Nigeria. ... The results showed that an average pineapple marketer has a mean volume of 98 dozens and incurred a variable ... EMAIL FULL TEXT EMAIL FULL TEXT

Modeling of the influence of transparency of the derivatives market on financial depth

Directory of Open Access Journals (Sweden)

Irina Burdenko

2016-07-01

Full Text Available The market of derivative tools becomes an integral part of the financial market, the functions which are carrying out in it peculiar only to it: hedging, distribution of risks, ensuring liquidity of basic assets, information support of future movement of the prices, decrease in asymmetry of information in the financial markets. However, the insufficiency or lack of transparent information can lead to emergence of the crisis phenomena, shocks in the financial market and growth of system risk. Emergence of need for strengthening of information function of the market of derivatives changes of requirements to transparency of information had been caused by financial crisis of 2008-2009. In this article the attempt of an assessment of influence was made by means of autoregressive models the change of requirements to standard transparency, such as qualitative characteristic of the derivatives market, on quantitative indices of the financial market, in particular financial depth. The results of research demonstrate that reforming of the legislation concerning strengthening of transparency in the derivatives market positively influences the growth of financial depth. The research of this question will promote the best understanding of importance of reforming of regulation of the derivatives market, in particular strengthening of requirements to transparency. Recommendations of the further researches concern the needs of input of reforms of financial regulation in the derivatives market in Ukraine, and, thus, to provide the corresponding conditions for his development

Implementation of direct LSC method for diesel samples on the fuel market.

Science.gov (United States)

Krištof, Romana; Hirsch, Marko; Kožar Logar, Jasmina

2014-11-01

The European Union develops common EU policy and strategy on biofuels and sustainable bio-economy through several documents. The encouragement of biofuel's consumption is therefore the obligation of each EU member state. The situation in Slovenian fuel market is presented and compared with other EU countries in the frame of prescribed values from EU directives. Diesel is the most common fuel for transportation needs in Slovenia. The study was therefore performed on diesel. The sampling net was determined in accordance with the fuel consumption statistics of the country. 75 Sampling points were located on different types of roads. The quantity of bio-component in diesel samples was determined by direct LSC method through measurement of C-14 content. The measured values were in the range from 0 up to nearly 6 mass percentage of bio-component in fuel. The method has proved to be appropriate, suitable and effective for studies on the real fuel market. Copyright © 2014 Elsevier Ltd. All rights reserved.

SERA Scenarios of Early Market Fuel Cell Electric Vehicle Introductions: Modeling Framework, Regional Markets, and Station Clustering

Energy Technology Data Exchange (ETDEWEB)

Bush, B. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Melaina, M. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Penev, M. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Daniel, W. [Los Alamos National Lab. (LANL), Los Alamos, NM (United States)

2013-09-01

This report describes the development and analysis of detailed temporal and spatial scenarios for early market hydrogen fueling infrastructure clustering and fuel cell electric vehicle rollout using the Scenario Evaluation, Regionalization and Analysis (SERA) model. The report provides an overview of the SERA scenario development framework and discusses the approach used to develop the nationwidescenario.

Comparison of coal/solid recovered fuel (SRF) with coal/refuse derived fuel (RDF) in a fluidised bed reactor

International Nuclear Information System (INIS)

Wagland, S.T.; Kilgallon, P.; Coveney, R.; Garg, A.; Smith, R.; Longhurst, P.J.; Pollard, S.J.T.; Simms, N.

2011-01-01

An experimental study was undertaken to compare the differences between municipal solid waste (MSW) derived solid recovered fuel (SRF) (complying with CEN standards) and refuse derived fuel (RDF). Both fuels were co-combusted with coal in a 50 kW fluidised bed combustor and the metal emissions were compared. Synthetic SRF was prepared in the laboratory by grinding major constituents of MSW such as paper, plastic, textile and wood. RDF was obtained from a local mechanical treatment plant. Heavy metal emissions in flue gas and ash samples from the (coal + 10% SRF) fuel mixture were found to be within the acceptable range and were generally lower than that obtained for coal + 10% RDF fuel mixture. The relative distribution of heavy metals in ash components and the flue gas stream shows the presence of a large fraction (up to 98%) of most of the metals in the ash (except Hg and As). Thermo-gravimetric (TG) analysis of SRF constituents was performed to understand the behaviour of fuel mixtures in the absence and presence of air. The results obtained from the experimental study will enhance the confidence of fuel users towards using MSW-derived SRF as an alternative fuel.

Soot and chemiluminescence in diesel combustion of bio-derived, oxygenated and reference fuels

NARCIS (Netherlands)

Klein-Douwel, R.J.H.; Donkerbroek, A.J.; Vliet, A.P. van; Boot, M.D.; Somers, L.M.T.; Baert, R.S.G.; Dam, N.J.; Meulen, J.J. ter

2009-01-01

High-speed imaging, spectroscopy and thermodynamical characterization are applied to an optically accessible, heavy-duty diesel engine in order to compare sooting and chemiluminescence behaviour of bio-derived, oxygenated fuels and various reference fuels. The fuels concerned include the bio-derived

Conference Proceedings: Effectively utilizing energy derivatives in a deregulated electricity market

International Nuclear Information System (INIS)

1998-01-01

This conference was devoted to a discussion about the likely impacts of deregulation on electricity markets in North America. Many of the presentations emphasized price risk in a competitive open access energy market. It was noted that deregulation is frequently associated with the creation of larger companies, higher risks and lower costs. Some of the individual topics addressed by the speakers included discussion of : (1) how underlying physical markets will work in Ontario, (2) experiences in derivative trading in the natural gas industry, (3) how to create value through multiple commodity risk management products, (4) trading with energy derivatives in the U.S. (5) how derivatives can add value for municipal electrical utilities, and (6) risk management mechanisms for energy derivative trading. refs., tabs., figs

Market information and price volatility in petroleum derivatives spot and future markets

International Nuclear Information System (INIS)

Khalid Nainar, S.M.

1993-01-01

This paper examines the relationship between petroleum futures trading, market information and spot prices. It tests the hypothesis that there is increased spot market information with futures trading of various petroleum derivatives for weekly data during the period January 1970 to July 1985 at the new York Mercantile Exchange. Increased market information with futures trading is indicated by the insignificance of coefficients of past prices in spot price regressions in periods with futures trading. However, the estimates of the coefficient of variation indicate that price volatility tends to increase with futures trading. Thus, traders seem better informed with futures trading although the advantages of increased market information might potentially be undermined by increased price volatility as in the case of regular gasoline. (author)

Overview of Aviation Fuel Markets for Biofuels Stakeholders

Energy Technology Data Exchange (ETDEWEB)

Davidson, C.; Newes, E.; Schwab, A.; Vimmerstedt, L.

2014-07-01

This report is for biofuels stakeholders interested the U.S. aviation fuel market. Jet fuel production represents about 10% of U.S. petroleum refinery production. Exxon Mobil, Chevron, and BP top producers, and Texas, Louisiana, and California are top producing states. Distribution of fuel primarily involves transport from the Gulf Coast to other regions. Fuel is transported via pipeline (60%), barges on inland waterways (30%), tanker truck (5%), and rail (5%). Airport fuel supply chain organization and fuel sourcing may involve oil companies, airlines, airline consortia, airport owners and operators, and airport service companies. Most fuel is used for domestic, commercial, civilian flights. Energy efficiency has substantially improved due to aircraft fleet upgrades and advanced flight logistic improvements. Jet fuel prices generally track prices of crude oil and other refined petroleum products, whose prices are more volatile than crude oil price. The single largest expense for airlines is jet fuel, so its prices and persistent price volatility impact industry finances. Airlines use various strategies to manage aviation fuel price uncertainty. The aviation industry has established goals to mitigate its greenhouse gas emissions, and initial estimates of biojet life cycle greenhouse gas emissions exist. Biojet fuels from Fischer-Tropsch and hydroprocessed esters and fatty acids processes have ASTM standards. The commercial aviation industry and the U.S. Department of Defense have used aviation biofuels. Additional research is needed to assess the environmental, economic, and financial potential of biojet to reduce greenhouse gas emissions and mitigate long-term upward price trends, fuel price volatility, or both.

Nuclear fuel cycle: international market, international constraints and international cooperation

International Nuclear Information System (INIS)

Imai, R.

1977-01-01

Some of the constraints on the nuclear fuel cycle are ones arising from economic and financial reasons, those caused by uranium resources and their distribution, those arising from technical reasons, issues of public acceptance, and those quite independent of normal industrial considerations, but caused by elements of international politics. The nuclear fuel cycle and the international market, matters of nuclear non-proliferation, and international cooperation are discussed

Methodology of economic analysis of evidence of cartel in the resale market of fuels

International Nuclear Information System (INIS)

Costa, Cleber Ribeiro da Silva; Tiryaki, Gisele Ferreira; Ramos, Maria Olivia

2010-01-01

The existence of anti competitive conduct such as cartels would lead to a situation of high prices and profits harming competition and society in general. The methodology of economic analysis of evidence of cartel by the ANP in the resale market of fuels involves analysis of the behavior of the average prices of resale and distribution, the nominal average gross margin on resale, the coefficient of variation of prices of resale and distribution of fuel for a given period by the municipality. Combining the analysis of these elements, the ANP has suggested the investigation into possible cartels. This text aims to bring contributions for a better definition of the relevant market in the analysis of economic evidence in cartel in the market for resale of fuel and add elements currently not considered in the analysis of ANP and regulation of the sector. To this end, this article is organized into three sections besides the introduction and final consideration. The first section takes place at the constitution some myths about cartels thread reseller retailer of automotive fuel by analyzing the main causes leading to complaints by consumers. Then presents a conceptual analysis of relevant market, since this definition is essential to characterize anti-competitive practices of operations performed by companies holding market power, notably the formation of cartels. Finally, it is a discussion on how the action of the main bodies involved in dismantling of anti competitive practices in the industry. Expected to find results that work with greater integration between agencies to safeguard competition and better defining the relevant market segment for the resale of fuel. (author)

Liquidity effects and FFA returns in the international shipping derivatives market

OpenAIRE

Alizadeh, Amir H.; Kappou, K; Tsouknidis, Dimitris; Visvikis, Ilias

2015-01-01

The study examines the impact of liquidity risk on freight derivatives returns. The Amihud liquidity ratio and bid–ask spreads are utilized to assess the existence of liquidity risk in the freight derivatives market. Other macroeconomic variables are used to control for market risk. Results indicate that liquidity risk is priced and both liquidity measures have a significant role in determining freight derivatives returns. Consistent with expectations, both liquidity measures are found to hav...

Environmental economics of lignin derived transport fuels.

Science.gov (United States)

Obydenkova, Svetlana V; Kouris, Panos D; Hensen, Emiel J M; Heeres, Hero J; Boot, Michael D

2017-11-01

This paper explores the environmental and economic aspects of fast pyrolytic conversion of lignin, obtained from 2G ethanol plants, to transport fuels for both the marine and automotive markets. Various scenarios are explored, pertaining to aggregation of lignin from several sites, alternative energy carries to replace lignin, transport modalities, and allocation methodology. The results highlight two critical factors that ultimately determine the economic and/or environmental fuel viability. The first factor, the logistics scheme, exhibited the disadvantage of the centralized approach, owing to prohibitively expensive transportation costs of the low energy-dense lignin. Life cycle analysis (LCA) displayed the second critical factor related to alternative energy carrier selection. Natural gas (NG) chosen over additional biomass boosts well-to-wheel greenhouse gas emissions (WTW GHG) to a level incompatible with the reduction targets set by the U.S. renewable fuel standard (RFS). Adversely, the process' economics revealed higher profits vs. fossil energy carrier. Copyright © 2017 The Author(s). Published by Elsevier Ltd.. All rights reserved.

Electricity derivative markets: Investment valuation, production planning and hedging

International Nuclear Information System (INIS)

Naesaekkaelae, E.

2005-01-01

This thesis studies electricity derivative markets from a view point of an electricity producer. The traditionally used asset pricing methods, based on the no arbitrage principle, are extended to take into account electricity specific features: the non storability of electricity and the variability in the load process. The sources of uncertainty include electricity forward curve, prices of resources used to generate electricity, and the size of the future production. Also the effects of competitors' actions are considered. The thesis illustrates how the information in the derivative prices can be used in investment and production planning. In addition, the use of derivatives as a tool to stabilize electricity dependent cash flows is considered. The results indicate that the information about future electricity prices and their uncertainty, obtained from derivative markets, is important in investment analysis and production planning. (orig.)

Electricity derivative markets: Investment valuation, production planning and hedging

Energy Technology Data Exchange (ETDEWEB)

Naesaekkaelae, E.

2005-07-01

This thesis studies electricity derivative markets from a view point of an electricity producer. The traditionally used asset pricing methods, based on the no arbitrage principle, are extended to take into account electricity specific features: the non storability of electricity and the variability in the load process. The sources of uncertainty include electricity forward curve, prices of resources used to generate electricity, and the size of the future production. Also the effects of competitors' actions are considered. The thesis illustrates how the information in the derivative prices can be used in investment and production planning. In addition, the use of derivatives as a tool to stabilize electricity dependent cash flows is considered. The results indicate that the information about future electricity prices and their uncertainty, obtained from derivative markets, is important in investment analysis and production planning. (orig.)

The evolution of the international nuclear fuel markets in a favorable political environment: New challenges and new chances

International Nuclear Information System (INIS)

MKoenig, R.; Max, A.

1993-01-01

In the recent few years the nuclear fuel market has changed dramatically. With the new freedoms in east European countries and the former Soviet Union the uranium production capabilities and potential deliveries of these countries attracted a lot of attention in western markets. However, with the gradual decline of the uranium production in eastern Europe and the steadily increasing marketing activities of the former Soviet Union the attention of the western market participants shifted more and more to the Soviets with their delivery potentials and marketing practices. More recently, in the course of 1991, the nuclear disarmament measures triggered discussions on the potential recycling of military material into the civil nuclear fuel cycle and the potential impacts on the market. Now, after the Soviet Union has been replaced by the Commonwealth of Independent States, many questions concerning the prospects for fuel supply from Russian and the Central Asian uranium producing republics to the Western World stir the nuclear fuel market

Residue Derived Fuels as an Alternative Fuel for the Hellenic Power Generation Sector and their Potential for Emissions ReductionConstantinos S. Psomopoulos

Directory of Open Access Journals (Sweden)

Constantinos S. Psomopoulos

2014-09-01

Full Text Available The European Union Landfill Directive (1999/31 EC promotes more environmental friendly waste management options, by reducing the amount of wastes and more specific of biodegradable wastes, disposed of in landfills. The EU member states are adopting the mechanical-biological treatment process for municipal solid waste and non-hazardous industrial wastes to comply with the abovementioned Directive's targets on landfill diversion, and produce waste derived fuels such as refuse derived fuel and solid recovered fuel. Waste derived fuels present high calorific values depending on their synthesis and are being used both in dedicated waste-to-energy plants and as fuel substitutes in industrial processes. In this paper the refuse derived fuel and solid recovered fuel production and utilisation options in European Union are presented, and the possibilities in Greece based on the waste production and National Plan for Waste Management of the Ministry of Environment is attempted. The existing and ongoing studies on co-combustion and co-gasification with brown coal support the use of refuse derived fuel and solid recovered fuel as fuel on Hellenic Power Sector, adopting in the existing lignite power plants adequate Air Pollution Control systems. If the co-combustion or co-gasification of these alternative fuels is adopted from the Hellenic Power Sector a reduction on emissions is expected that cannot be neglected.

Fuel cell two wheelers: Good market potential in Shanghai and the suggestions for development. Paper no. IGEC-1-145

International Nuclear Information System (INIS)

Li, L.; Yu, Z.; Gong, H.

2005-01-01

This paper presents the feasibility and the market potential for developing the Fuel Cell two-wheelers in Asia. Shanghai is taken as one case for this analysis. Based on the study of the transportation modal, the constitute of the vehicles both motored and non-motored, the future planning for the transportation and the market potential of two-wheelers requirement and the quick development market of Battery Bicycles in Shanghai, the potential market of Fuel Cell Two-wheelers in Shanghai is predicated. The predominance in the research and development for Fuel Cell stacks, the storage for the hydrogen and the local supply ability of hydrogen of Shanghai are also introduced. The Shanghai's Fuel Cell Market potential is also presented based on the population of motorcycles at last. The suggestions for the further development of Fuel Cell two-wheelers are proposed. (author)

Coal-fueled high-speed diesel engine development: Task 2, Market assessment and economic analysis

Energy Technology Data Exchange (ETDEWEB)

Kakwani, R. M.; Wilson, Jr., R. P.; Winsor, R. E.

1991-12-01

Based on the preliminary coal engine design developed, this task was conducted to identify the best opportunity(s) to enter the market with the future coal-fueled, high-speed diesel engine. The results of this market and economic feasibility assessment will be used to determine what specific heavy duty engine application(s) are most attractive for coal fuel, and also define basic economic targets for the engine to be competitive.

Evaluation of Ultra Clean Fuels from Natural Gas

Energy Technology Data Exchange (ETDEWEB)

Robert Abbott; Edward Casey; Etop Esen; Douglas Smith; Bruce Burke; Binh Nguyen; Samuel Tam; Paul Worhach; Mahabubul Alam; Juhun Song; James Szybist; Ragini Acharya; Vince Zello; David Morris; Patrick Flynn; Stephen Kirby; Krishan Bhatia; Jeff Gonder; Yun Wang; Wenpeng Liu; Hua Meng; Subramani Velu; Jian-Ping Shen, Weidong Gu; Elise Bickford; Chunshan Song; Chao-Yang Wang; Andre' Boehman

2006-02-28

ConocoPhillips, in conjunction with Nexant Inc., Penn State University, and Cummins Engine Co., joined with the U.S. Department of Energy (DOE) National Energy Technology Laboratory (NETL) in a cooperative agreement to perform a comprehensive study of new ultra clean fuels (UCFs) produced from remote sources of natural gas. The project study consists of three primary tasks: an environmental Life Cycle Assessment (LCA), a Market Study, and a series of Engine Tests to evaluate the potential markets for Ultra Clean Fuels. The overall objective of DOE's Ultra Clean Transportation Fuels Initiative is to develop and deploy technologies that will produce ultra-clean burning transportation fuels for the 21st century from both petroleum and non-petroleum resources. These fuels will: (1) Enable vehicles to comply with future emission requirements; (2) Be compatible with the existing liquid fuels infrastructure; (3) Enable vehicle efficiencies to be significantly increased, with concomitantly reduced CO{sub 2} emissions; (4) Be obtainable from a fossil resource, alone or in combination with other hydrocarbon materials such as refinery wastes, municipal wastes, biomass, and coal; and (5) Be competitive with current petroleum fuels. The objectives of the ConocoPhillips Ultra Clean Fuels Project are to perform a comprehensive life cycle analysis and to conduct a market study on ultra clean fuels of commercial interest produced from natural gas, and, in addition, perform engine tests for Fisher-Tropsch diesel and methanol in neat, blended or special formulations to obtain data on emissions. This resulting data will be used to optimize fuel compositions and engine operation in order to minimize the release of atmospheric pollutants resulting from the fuel combustion. Development and testing of both direct and indirect methanol fuel cells was to be conducted and the optimum properties of a suitable fuel-grade methanol was to be defined. The results of the study are also

Fuel-cycle analysis of early market applications of fuel cells: Forklift propulsion systems and distributed power generation

Energy Technology Data Exchange (ETDEWEB)

Elgowainy, Amgad; Gaines, Linda; Wang, Michael [Center for Transportation Research, Argonne National Laboratory, 9700 South Cass Ave, Argonne, IL 60439 (United States)

2009-05-15

Forklift propulsion systems and distributed power generation are identified as potential fuel cell applications for near-term markets. This analysis examines fuel cell forklifts and distributed power generators, and addresses the potential energy and environmental implications of substituting fuel-cell systems for existing technologies based on fossil fuels and grid electricity. Performance data and the Greenhouse gases, Regulated Emissions, and Energy use in Transportation (GREET) model are used to estimate full fuel-cycle emissions and use of primary energy sources. The greenhouse gas (GHG) impacts of fuel-cell forklifts using hydrogen from steam reforming of natural gas are considerably lower than those using electricity from the average U.S. grid. Fuel cell generators produce lower GHG emissions than those associated with the U.S. grid electricity and alternative distributed combustion technologies. If fuel-cell generation technologies approach or exceed the target efficiency of 40%, they offer significant reduction in energy use and GHG emissions compared to alternative combustion technologies. (author)

Can lignocellulosic hydrocarbon liquids rival lignocellulose-derived ethanol as a future transport fuel?

Directory of Open Access Journals (Sweden)

Yao Ding

2012-11-01

Full Text Available Although transport fuels are currently obtained mainly from petroleum, alternative fuels derived from lignocellulosic biomass (LB have drawn much attention in recent years in light of the limited reserves of crude oil and the associated environmental issues. Lignocellulosic ethanol (LE and lignocellulosic hydrocarbons (LH are two typical representatives of the LB-derived transport fuels. This editorial systematically compares LE and LB from production to their application in transport fuels. It can be demonstrated that LH has many advantages over LE relative to such uses. However, most recent studies on the production of the LB-derived transport fuels have focused on LE production. Hence, it is strongly recommended that more research should be aimed at developing an efficient and economically viable process for industrial LH production.

Development of MOX facilities and the impact on the nuclear fuel markets

International Nuclear Information System (INIS)

Patterson, J.

1990-01-01

Mixed-oxide (MOX) fuel is nearing maturity as a fuel supply option. This paper briefly reviews the history and current status of the MOX fuel market, including the projected increase in demand for MOX fuel as more plutonium becomes available from the operation of commercial irradiated fuel reprocessing plants in Europe. The uncertainties of such projected demand are discussed, together with the anticipated requirements from the next generation of MOX fabrication plants. The impact of the growing demand for MOX fuel is assessed in the traditional sectors of the uranium fuel cycle. Finally, the author turns to a generalized treatment of the economic aspects of MOX fuel utilization, showing the financially attractive regimes of MOX use which will benefit nuclear power utilities and continue to ensure that MOX fuel can consolidate its position as a mature fuel supply option in those countries that have opted to recycle their spent fuel

How does market concern derived from the Internet affect oil prices?

International Nuclear Information System (INIS)

Guo, Jian-Feng; Ji, Qiang

2013-01-01

Highlights: • The impact of market concern derived from the Web on oil volatility is analysed. • It has an equilibrium relationship between oil prices and long-run market concern. • The short-run market concerns have an asymmetric influence on oil price volatility. • The Internet can exaggerate the impact of information shocks on oil price. - Abstract: With the acceleration of oil marketisation and the rapid development of electronic information carriers, external information shocks can be easily and quickly transmitted to the oil market through the Internet. This paper analyses the impact of short- and long-run market concerns, derived from search query volumes in Google for different domains around the oil market on oil volatility using co-integration and the modified EGARCH model. Empirical results suggest there is a long-term equilibrium relationship between oil prices and long-run market concern for oil prices and oil demand. The short-run market concerns for the 2008 financial crisis and the Libyan war convulsion have a significant and asymmetric influence on oil price volatility. This indicates that market concern transmitted through the Internet can strengthen the linkage between oil price changes and external events by influencing the expectation of market traders, and to some extent it can exaggerate the impact of nonfundamental information shocks

Derivative markets, speculation and oil prices

International Nuclear Information System (INIS)

Babusiaux, D.; Lasserre, F.; Pierru, A.

2010-01-01

Recent movements in oil prices have been ascribed by a number of analysts and political leaders not to market fundamentals but to the speculative positions taken by financial investors in derivatives markets. Various economists including Nobel Prize Paul Krugman believe however that the constitution of stocks is a necessary element for speculation, a feature that was not very evident during the sudden price increase in 2008; but these points of view are not entirely incompatible. Various explanations can be put forward, among which the most important is demand inertia. On the very short run, demand price elasticity is significantly lower than that usually calculated for the short term, which can significantly reduce the impact - on stocks - of a temporary price increase provoked by financial investors' behavior. (authors)

Theoretical Model of Pricing Behavior on the Polish Wholesale Fuel Market

Directory of Open Access Journals (Sweden)

Bejger Sylwester

2016-12-01

Full Text Available In this paper, we constructed a theoretical model of strategic pricing behavior of the players in a Polish wholesale fuel market. This model is consistent with the characteristics of the industry, the wholesale market, and the players. The model is based on the standard methodology of repeated games with a built-in adjustment to a focal price, which resembles the Import Parity Pricing (IPP mechanism. From the equilibrium of the game, we conclude that the focal price policy implies a parallel pricing strategic behavior on the market.

Mathematics, Pricing, Market Risk Management and Trading Strategies for Financial Derivatives (1/3)

CERN Multimedia

CERN. Geneva; Coffey, Brian

2009-01-01

Abstract: An introduction to the mathematics and practicalities of market trading and risk management for financial derivatives, the course will focus on examples from the short-term and long term Foreign Exchange (FX) and Interest Rate (IR) derivatives markets. Topics: - Government Bonds and IR Curves - Stochastic FX, Black-Scholes Vanilla FX Options and Martingales - Risk Management and Market Trading for Vanilla FX Options, Market Implied Volatility, Valuation and Risk Management, Market Trading Strategies - Stochastic IR Curves and Implied Volatility, IR Derivatives - Long Term FX Options: Interaction of Stochastic FX and Stochastic IR Vanilla Foreign Exchange (FX) Options - $ Government Bonds, Interest Rate (IR) Curves, Continuous IR - Domestic ($) and Foreign (Yen) Government Bonds, IR curves - Stochastic Spot FX, Forward FX: Ito processes for $ and Yen Investors - Black-Scholes Vanilla FX Options, Connection to Heat/Diffusion Equation - Stochastic Differential Equations with Mart...

An emerging market in fuel cells? Residential combined heat and power in four countries

International Nuclear Information System (INIS)

Brown, J.E.; Hendry, C.N.; Harborne, P.

2007-01-01

Global concerns about fossil fuel stocks and security of supply have stimulated governments and industry to explore the development of alternative sources of energy. This has led to the emergence of liberalised markets for energy and the growth of de-centralised generation and distribution systems. Within this context, the use of a sustainable technology, such as fuel cells, as a generator of heat and electricity for the residential market, is a significant market opportunity. Using a set of framework conditions to explain the diffusion of renewable energy technologies, this paper analyses recent developments in four leading industrial countries, and concludes that Japan and Germany are competing to be the lead country for the introduction of this technology. In the process, we highlight the impact of government and the extent to which the development of a fuel cell industry is being driven by incumbent large firms acting independently or in collaboration with a range of other companies across the value chain. [Author

An emerging market in fuel cells? Residential combined heat and power in four countries

International Nuclear Information System (INIS)

Brown, James E.; Hendry, Chris N.; Harborne, Paul

2007-01-01

Global concerns about fossil fuel stocks and security of supply have stimulated governments and industry to explore the development of alternative sources of energy. This has led to the emergence of liberalised markets for energy and the growth of de-centralised generation and distribution systems. Within this context, the use of a sustainable technology, such as fuel cells, as a generator of heat and electricity for the residential market, is a significant market opportunity. Using a set of framework conditions to explain the diffusion of renewable energy technologies, this paper analyses recent developments in four leading industrial countries, and concludes that Japan and Germany are competing to be the lead country for the introduction of this technology. In the process, we highlight the impact of government and the extent to which the development of a fuel cell industry is being driven by incumbent large firms acting independently or in collaboration with a range of other companies across the value chain

Evaluation of next generation biomass derived fuels for the transport sector

International Nuclear Information System (INIS)

Tsita, Katerina G.; Pilavachi, Petros A.

2013-01-01

This paper evaluates next generation biomass derived fuels for the transport sector, employing the Analytic Hierarchy Process. Eight different alternatives of fuels are considered in this paper: bio-hydrogen, bio-synthetic natural gas, bio-dimethyl ether, bio-methanol, hydro thermal upgrading diesel, bio-ethanol, algal biofuel and electricity from biomass incineration. The evaluation of alternative fuels is performed according to various criteria that include economic, technical, social and policy aspects. In order to evaluate each alternative fuel, one base scenario and five alternative scenarios with different weight factors selection per criterion are presented. After deciding the alternative fuels’ scoring against each criterion and the criteria weights, their synthesis gives the overall score and ranking for all alternative scenarios. It is concluded that synthetic natural gas and electricity from biomass incineration are the most suitable next generation biomass derived fuels for the transport sector. -- Highlights: •Eight alternative fuels for the transport sector have been evaluated. •The method of the AHP was used. •The evaluation is performed according to economic, technical, social and policy criteria. •Bio-SNG and electricity from biomass incineration are the most suitable fuels

Place of petroleum in the U. K. fuel market. [In relation to electricity, gas, and coal

Energy Technology Data Exchange (ETDEWEB)

Nicolaou, G B

1977-06-01

An attempt is made to study the interaction process that occurs between petroleum products and the remainder of the fuel market. Petroleum competes with electricity, gas, and coal as a source of fuel, and an assessment is made of the demand elasticities of its place in the fuel market. In the U.K. fuel market the question is to what extent petroleum is a substitute or complement to the others. Petroleum consumption constituted 25 percent in 1960 of the total fuel consumption and has grown constantly since. The extent to which it changes depends upon its close substitutes. Which out of gas, coal, and electricity is, in fact, the closest substitute for petroleum; is it sensitive to price or to other things. In order to attempt to answer these questions, two models are presented. The first presents a straightforward linear equation for the demand for petroleum due to a change in total fuel consumption. This is then used in Model 2, which is basically the Slutsky equation, to obtain the mean substitution effect between petroleum and coal, gas and electricity. This, then, measures the net substitution or complementarity between petroleum and the commodities mentioned. 11 references.

The implications of power sector trends for fuel choice and fuel markets

International Nuclear Information System (INIS)

Raschke, M.G.

1996-01-01

Two forces are restructuring the world's electricity industry: commercialization and globalization. Commercialization, the focus of this paper, is the introduction of competition into electric generation and the dissolution of existing government or private electric generating monopolies. The winds of change now sweeping through the electric generating business are altering many old assumptions, one of which is the choice of coal as the preferred baseload fuel. In markets where natural gas is available, and both the gas and the electricity industries have been liberalized and opened to competition, there is a growing tendency for independent power producers to choose gas over coal. As well, technological advances have tended to favour the gas industry. Electricity generation by fuel type is discussed for the United States, United Kingdom, Asia and Australia, as well as the implications for the coal industry. (author). 2 tabs., 11 figs

The importance of vehicle costs, fuel prices, and fuel efficiency to HEV market success.

Energy Technology Data Exchange (ETDEWEB)

Santini, D. J.; Patterson, P. D.; Vyas, A. D.

1999-12-08

Toyota's introduction of a hybrid electric vehicle (HEV) named ''Prius'' in Japan and Honda's proposed introduction of an HEV in the United States have generated considerable interest in the long-term viability of such fuel-efficient vehicles. A performance and cost projection model developed entirely at Argonne National Laboratory (ANL) is used here to estimate costs. ANL staff developed fuel economy estimates by extending conventional vehicle (CV) modeling done primarily under the National Cooperative Highway Research Program. Together, these estimates are employed to analyze dollar costs vs. benefits of two of many possible HEV technologies. We project incremental costs and fuel savings for a Prius-type low-performance hybrid (14.3 seconds zero to 60 mph acceleration, 260 time) and a higher-performance ''mild'' hybrid vehicle, or MHV (11 seconds 260 time). Each HEV is compared to a U.S. Toyota Corolla with automatic transmission (11 seconds 260 time). The base incremental retail price range, projected a decade hence, is $3,200-$3,750, before considering battery replacement cost. Historical data are analyzed to evaluate the effect of fuel price on consumer preferences for vehicle fuel economy, performance, and size. The relationship between fuel price, the level of change in fuel price, and consumer attitude toward higher fuel efficiency is also evaluated. A recent survey on the value of higher fuel efficiency is presented and U.S. commercial viability of the hybrids is evaluated using discount rates of 2090 and 870. Our analysis, with our current HEV cost estimates and current fuel savings estimates, implies that the U.S. market for such HEVS would be quite limited.

EUBIONET II. Efficient trading of biomass fuels and analysis of fuel supply chains and business models for market actors by networking. Final result-oriented report

Energy Technology Data Exchange (ETDEWEB)

Alakangas, E.; Wiik, C.; Vesterinen, P. (and others)

2008-02-15

The project aimed to increase deployment of biomass fuels into European market and match technology uptake by means of market and policy analysis and other well-defined tasks to meet European policy targets in renewable energy sector. The project is to result as increased use of biomass fuels and market uptake of innovative bioenergy technologies. The objectives of the project were the following: 1) To give a clear outlook on current and future biomass fuel market trends. 2) To give feedback on the suitability of CEN 335 biofuel standard for trading of solid biofuels. 3) To provide well-analysed estimation on techno-economic potential of the biomass fuel volumes until 2010 based on the existing studies and experts opinions. Regarding the forest biomass sector, co-operation will be done with forest industry stakeholders to find proper balance between forest industry raw material and bioenergy usage. 4) To enhance biomass fuel trade and technology transfer by networking among different actors. 5) To analyse, select and describe the most suitable trading and business models for small- and largescale biofuel supply chains for heat and power production by taking into account the environmental aspects and sustainability. 6) To enhance biomass usage by the means of co-operation and information dissemination among different market actors in the fuel-utilisation chain. Target groups were biomass fuel traders and users, fuel producers and suppliers of different scales, policy makers in both current and new member states. Key associations, i.e. AEBIOM and CEPI, were participating in the project and disseminating information to various groups. The project has been structured in 5 workpackages. Project was carried out by 16 partners, which are the key national bioenergy organisations in the European countries and have a long co-operation relationship in previous bioenergy networks. The project has published summary reports and national report of each WP and this report is

The Conditions of Creation and Prospects of Weather Derivatives Development on the Domestic Market

Directory of Open Access Journals (Sweden)

Piotr Binkowski

2008-06-01

Full Text Available Analysing the possibility of creations and prospects of weather derivatives development on the domestic market the first of all should be identify the business areas that are strongly exposed for weather risk, which are: energy, agricultural, building and transportation. The specificity of the Polish climate is the high volatility of the major weather factors like temperature or precipitations. Similar to other European countries where weather derivatives markets already exist (e.g.: Germany, France, and United Kingdom. Having in mind dynamic grow of companies with regards to management processes, used technologies and marketing strategies, the exposure for weather risk is getting higher. Therefore, there is a strong pressure for creation of mechanisms and instruments that will allow reducing that kind of risks. Currently in Poland there are no conditions for development of weather derivatives market due to lack of demand. That situation is caused by low level of awareness regarding to possibilities of reducing weather risks. Within a few years the demand for such the instruments will appear ñ together with growing awareness. Once the demand for weather derivative will appear, the existing infrastructure of financial sector is ready for its implementation. Of course it is hard to say what will be the direction of whether derivatives grow on the domestic financial market but taking into consideration its dynamic grow and strong correlations with global markets, there is a small probability that weather derivatives will not appear on the Polish market ñ it is only the matter of time.

Fuels planning: science synthesis and integration; economic uses fact sheet 07: markets and log prices

Science.gov (United States)

Rocky Mountain Research Station USDA Forest Service

2004-01-01

Markets and prices for logs vary widely across the West, fluctuating from place to place in response to regional variables and hauling costs. This fact sheet discusses those variables, locality of log markets, markets for low-value logs, and caveats to consider when using My Fuel Treatment Planner.

Use of derivative instruments to integrate renewable energies into the electricity market

International Nuclear Information System (INIS)

Hartmann, Kilian; Nelles, Michael; Candra, Dodiek Ika

2017-01-01

The implementation of renewable energies to the electricity market is inefficient and expensive with current measures. Further these measures are prejudicial for the existing energy-only-market. The combination of fluctuating and controllable renewable powers in virtual power plants enables the marketing of this power as a derivate on the future market. Thus would relieve the spot market and stabilize pricing on both markets. Subsequently the renewable energy obligation will reduce and renewable energies could be marketed as secured power.

Pulling the Trigger or Not: Factors Affecting Behavior of Initiating a Position in Derivatives Markets

NARCIS (Netherlands)

Pennings, J.M.E.

2002-01-01

The behavior of managers in initiating a derivatives market position brings to the surface an interesting phenomenon: sometimes managers initiate a position in derivatives markets (i.e., futures and options markets) and sometimes they do not, even though the price volatility of the underlying asset

Methods for conversion of lignocellulosic-derived products to transportation fuel precursors

Science.gov (United States)

Lilga, Michael A.; Padmaperuma, Asanga B.

2017-10-03

Methods are disclosed for converting a biomass-derived product containing levulinic acid and/or gamma-valerolactone to a transportation fuel precursor product containing diesel like hydrocarbons. These methods are expected to produce fuel products at a reduced cost relative to conventional approaches.

A methodology for assessing the market benefits of alternative motor fuels: The Alternative Fuels Trade Model

Energy Technology Data Exchange (ETDEWEB)

Leiby, P.N.

1993-09-01

This report describes a modeling methodology for examining the prospective economic benefits of displacing motor gasoline use by alternative fuels. The approach is based on the Alternative Fuels Trade Model (AFTM). AFTM development was undertaken by the US Department of Energy (DOE) as part of a longer term study of alternative fuels issues. The AFTM is intended to assist with evaluating how alternative fuels may be promoted effectively, and what the consequences of substantial alternative fuels use might be. Such an evaluation of policies and consequences of an alternative fuels program is being undertaken by DOE as required by Section 502(b) of the Energy Policy Act of 1992. Interest in alternative fuels is based on the prospective economic, environmental and energy security benefits from the substitution of these fuels for conventional transportation fuels. The transportation sector is heavily dependent on oil. Increased oil use implies increased petroleum imports, with much of the increase coming from OPEC countries. Conversely, displacement of gasoline has the potential to reduce US petroleum imports, thereby reducing reliance on OPEC oil and possibly weakening OPEC`s ability to extract monopoly profits. The magnitude of US petroleum import reduction, the attendant fuel price changes, and the resulting US benefits, depend upon the nature of oil-gas substitution and the supply and demand behavior of other world regions. The methodology applies an integrated model of fuel market interactions to characterize these effects.

Transportation Energy Futures Series. Projected Biomass Utilization for Fuels and Power in a Mature Market

Energy Technology Data Exchange (ETDEWEB)

Ruth, M. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Mai, T. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Newes, E. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Aden, A. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Warner, E. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Uriarte, C. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Inman, D. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Simpkins, T. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Argo, A. [National Renewable Energy Lab. (NREL), Golden, CO (United States)

2013-03-01

The viability of biomass as transportation fuel depends upon the allocation of limited resources for fuel, power, and products. By focusing on mature markets, this report identifies how biomass is projected to be most economically used in the long term and the implications for greenhouse gas (GHG) emissions and petroleum use. In order to better understand competition for biomass between these markets and the potential for biofuel as a market-scale alternative to petroleum-based fuels, this report presents results of a micro-economic analysis conducted using the Biomass Allocation and Supply Equilibrium (BASE) modeling tool. The findings indicate that biofuels can outcompete biopower for feedstocks in mature markets if research and development targets are met. The BASE tool was developed for this project to analyze the impact of multiple biomass demand areas on mature energy markets. The model includes domestic supply curves for lignocellulosic biomass resources, corn for ethanol and butanol production, soybeans for biodiesel, and algae for diesel. This is one of a series of reports produced as a result of the Transportation Energy Futures (TEF) project, a Department of Energy-sponsored multi-agency project initiated to pinpoint underexplored strategies for abating GHGs and reducing petroleum dependence related to transportation.

Transportation Energy Futures Series: Projected Biomass Utilization for Fuels and Power in a Mature Market

Energy Technology Data Exchange (ETDEWEB)

Ruth, M.; Mai, T.; Newes, E.; Aden, A.; Warner, E.; Uriarte, C.; Inman, D.; Simpkins, T.; Argo, A.

2013-03-01

The viability of biomass as transportation fuel depends upon the allocation of limited resources for fuel, power, and products. By focusing on mature markets, this report identifies how biomass is projected to be most economically used in the long term and the implications for greenhouse gas (GHG) emissions and petroleum use. In order to better understand competition for biomass between these markets and the potential for biofuel as a market-scale alternative to petroleum-based fuels, this report presents results of a micro-economic analysis conducted using the Biomass Allocation and Supply Equilibrium (BASE) modeling tool. The findings indicate that biofuels can outcompete biopower for feedstocks in mature markets if research and development targets are met. The BASE tool was developed for this project to analyze the impact of multiple biomass demand areas on mature energy markets. The model includes domestic supply curves for lignocellulosic biomass resources, corn for ethanol and butanol production, soybeans for biodiesel, and algae for diesel. This is one of a series of reports produced as a result of the Transportation Energy Futures (TEF) project, a Department of Energy-sponsored multi-agency project initiated to pinpoint underexplored strategies for abating GHGs and reducing petroleum dependence related to transportation.

The use of modified tyre derived fuel for compression ignition engines.

Science.gov (United States)

Pilusa, T J

2017-02-01

This study investigated physical and chemical modification of tyre-derived fuel oil (TDFO) obtained from pyrolysis of waste tyres and rubber products for application as an alternative fuel for compression ignition engines (CIE's). TDFO collected from a local waste tyre treatment facility was refined via a novel "oxidative gas-phase fractional distillation over 13× molecular sieves" to recover the light to medium fractions of the TDFO while oxidising and capturing some sulphur compounds in a gas phase. This was followed by desulphurization and chemical modification to improve cetane number, kinematic viscosity and fuel stability. The resulting fuel was tested in an ADE407T truck engine to compare its performance with petroleum diesel fuel. It was discovered that gas phase oxidative fractional distillation reduces the low boiling point sulphur compounds in TDFO such as mercaptans. Using petroleum diesel fuel as a reference, it was observed that the produced fuel has a lower cetane number, flash point and viscosity. On storage the fuel tends to form fibrous microstructures as a result of auto-oxidation of asphaltenes present in the fuel. Mixtures of alkyl nitrate, vinyl acetate, methacrylic anhydride, methyl-tert butyl ether, n-hexane and n-heptane were used to chemically modify the fuel in accordance with the minimum fuel specifications as per SANS 342. The engine performance tests results did not show any sign of engine ceasing or knocking effect. The power-torque trend was very consistent and compared well with petroleum diesel fuelled engine. The levels of total sulphur are still considerably high compared to other cleaner fuel alternatives derived from zero sulphur sources. Copyright © 2016. Published by Elsevier Ltd.

Market segment derivation and profiling via a finite mixture model framework

NARCIS (Netherlands)

Wedel, M; Desarbo, WS

The Marketing literature has shown how difficult it is to profile market segments derived with finite mixture models. especially using traditional descriptor variables (e.g., demographics). Such profiling is critical for the proper implementation of segmentation strategy. we propose a new finite

The optimal fuel mix and redistribution of social surplus in the Korean power market

International Nuclear Information System (INIS)

Kim, Hyunsook; Kim, Sung-Soo

2010-01-01

This paper investigates the difference between the optimal fuel mix incorporating a pre-installed generation capacity constraint and the actual fuel mix in the Korean power market. Since the restructuring of the market, the fuel mix has been determined partly by investors and partly by the Basic Plan for Long-Term Electricity Supply and Demand (BPE). Both the system marginal price (SMP), and the capacity payment (CP), which has been based on the fixed cost of a specific gas turbine generator, were intended to provide an investment incentive in the market; however, they did not bring about an optimal fuel mix in Korea. Under the circumstances of a shortage of base load generators, these generators may garner excessive profits due to a high SMP level. However, the adjustment scheme of profit between KEPCO and Gencos left scant profit for generators. This paper suggests that a contract is needed to create the appropriate profit and tax levels for these base load generators. The redistribution of profit improves equality between consumers and generators, and the proper margin creates incentives for base load technology investment in Korea. - Research highlights: → This paper aims to determine the optimal fuel mix in Korea and shows the difference between the optimal and actual fuel mix; → We discovered that the optimal fuel mix ratio should be 63.5%:20.5%:16.0%for nuclear energy, coal, and LNG, respectively; → Because the pre-installed capacity is taken as given, the optimal fuel mix under the given installed capacity is an addition of a new nuclear unit to the current fuel mix; → The additional profit above the profit margin in the BPE should be collected and redistributed to consumers; → While we provide an incentive to build nuclear and coal units in Korea, we also suggest that a contract is needed to guarantee the profit level for generators based on a government regulation constraint, the BPE, to achieve a fair treatment.

Near-term markets for PEM fuel cell power modules: industrial vehicles and hydrogen recovery

International Nuclear Information System (INIS)

Chintawar, P.S.; Block, G.

2004-01-01

'Full text:' Nuvera Fuel Cells, Inc. is a global leader in the development and advancement of multifuel processing and fuel cell technology. With offices located in Italy and the USA, Nuvera is committed to advancing the commercialization of hydrogen fuel cell power modules for industrial vehicles and equipment and stationary applications by 2006, natural gas fuel cell power systems for cogeneration applications by 2007, and on-board gasoline fuel processors and fuel cell stacks for automotive applications by 2010. Nuvera Fuel Cells Europe is ISO 9001:2000 certified for 'Research, Development, Design, Production and Servicing of Fuel Cell Stacks and Fuel Cell Systems.' In the chemical industry, one of the largest operating expenses today is the cost of electricity. For example, caustic soda and chlorine are produced today using industrial membrane electrolysis which is an energy intensive process. Production of 1 metric ton of caustic soda consumes 2.5 MWh of energy. However, about 20% of the electricity consumed can be recovered by converting the hydrogen byproduct of the caustic soda production process into electricity via PEM fuel cells. The accessible market is a function of the economic value of the hydrogen whether flared, used as fuel, or as chemical. Responding to this market need, we are currently developing large hydrogen fuel cell power modules 'Forza' that use excess hydrogen to produce electricity, representing a practical economic alternative to reducing the net electricity cost. Due for commercial launch in 2006, Forza is a low-pressure, steady state, base-load power generation solution that will operate at high efficiency and 100% capacity over a 24-hour period. We believe this premise is also true for chemical and electrochemical plants and companies that convert hydrogen to electricity using renewable sources like windmills or hydropower. The second near-term market that Nuvera is developing utilizes a 5.5 kW hydrogen fueled power module 'H 2 e

Batteries and fuel cells for emerging electric vehicle markets

Science.gov (United States)

Cano, Zachary P.; Banham, Dustin; Ye, Siyu; Hintennach, Andreas; Lu, Jun; Fowler, Michael; Chen, Zhongwei

2018-04-01

Today's electric vehicles are almost exclusively powered by lithium-ion batteries, but there is a long way to go before electric vehicles become dominant in the global automotive market. In addition to policy support, widespread deployment of electric vehicles requires high-performance and low-cost energy storage technologies, including not only batteries but also alternative electrochemical devices. Here, we provide a comprehensive evaluation of various batteries and hydrogen fuel cells that have the greatest potential to succeed in commercial applications. Three sectors that are not well served by current lithium-ion-powered electric vehicles, namely the long-range, low-cost and high-utilization transportation markets, are discussed. The technological properties that must be improved to fully enable these electric vehicle markets include specific energy, cost, safety and power grid compatibility. Six energy storage and conversion technologies that possess varying combinations of these improved characteristics are compared and separately evaluated for each market. The remainder of the Review briefly discusses the technological status of these clean energy technologies, emphasizing barriers that must be overcome.

Market analysis: renewable fuels; Marktanalyse - Nachwachsende Rohstoffe

Energy Technology Data Exchange (ETDEWEB)

NONE

2006-07-01

This new publication of Fachagentur Nachwachsende Rohstoffe (FNR) e.V. presents an analysis of markets and potentials. The Meo Consulting Team of Cologne analyzed the importance of various products in Germany, as well as electric power, heat, and fuels. The ''Marktanalyse Nachwachsende Rohstoffe'' is available for free at FNR. It contains a detailed survey, with many figures and graphs. It is shown that oils, fats, sugar, starch and fibres of renewable materials have become established products in the market. Political boundary conditions have great importance, as is shown in the data for bioenergy, where dynamic growth is expected both for electric power from biogas and for biofuels. The study is in two parts. The first part analyzes electrical and thermal energy as well as biofuels. The second part goes into lubricants, chemical feedstocks, varnishes and lacquers, pharmaceuticals and cosmetics. There are also sections on paper, cardboard and carton, packaging products, fibre-reinforced materials and formed parts, textiles, construction materials, insulating materials and furniture. (orig.)

Strategic analysis of biomass and waste fuels for electric power generation

International Nuclear Information System (INIS)

McGowin, C.R.; Wiltsee, G.A.

1993-01-01

Although the environmental and other benefits of using biomass and waste fuel energy to displace fossil fuels are well known, the economic realities are such that these fuels can not compete effectively in the current market without tax credits, subsidies, and other artificial measures. In 1992, EPRI initiated a strategic analysis of biomass and waste fuels and power technologies, both to develop consistent performance and cost data for the leading fuels and technologies and to identify the conditions that favor and create market pull for biomass and waste fuel energy. Using the interim results of the EPRI project, this paper compares the relative performance and cost of power generation from coal, natural gas, and biomass and waste fuels. The range of fuels includes wood, agricultural wastes, municipal solid waste, refuse-derived fuel, scrap tires, and tire-derived fuel, scrap tires, and tire-derived fuel. The power technologies include pulverized coal and natural gas/combined cycle power plants, cofiring with coal in coal-fired utility boilers, and wood gasification/combined cycle power plants. The analysis suggests that, in the near term, the highest-efficiency, lowest-cost, lowest-risk technology is cofiring with coal in industrial and utility boilers. However, this relative to fossil fuel, or the fuel user receives a tipping fee, subsidy, or emissions credit. In order to increase future use of biomass and waste fuels, a joint initiative, involving government, industry, and fuel suppliers, transporters, and users, is needed to develop low-cost and efficient energy crop production and power technology

Mixed waste paper to ethanol fuel. A technology, market, and economic assessment for Washington

Energy Technology Data Exchange (ETDEWEB)

1991-01-01

The objectives of this study were to evaluate the use of mixed waste paper for the production of ethanol fuels and to review the available conversion technologies, and assess developmental status, current and future cost of production and economics, and the market potential. This report is based on the results of literature reviews, telephone conversations, and interviews. Mixed waste paper samples from residential and commercial recycling programs and pulp mill sludge provided by Weyerhauser were analyzed to determine the potential ethanol yields. The markets for ethanol fuel and the economics of converting paper into ethanol were investigated.

FX and derivatives markets in emerging economies and the internationalisation of their currencies

OpenAIRE

Torsten Ehlers; Frank Packer

2013-01-01

Derivatives markets in emerging economies have continued to grow since 2010, driven mostly by very strong growth in the OTC market. Emerging market currencies have become more international as offshore markets are a major contributor to FX turnover. The Chinese renminbi is actively traded within emerging Asia. Trading of emerging market currencies is positively related to the size of cross-border financial flows.

Natural gas in the Asian Pacific region: market behavior and the Japanese electricity market

International Nuclear Information System (INIS)

Jonsson, Bo

2001-04-01

Translog model that assumes cost minimization according to shadow prices, instead of actual market prices. Given this assumption, relative price efficiency with respect to the fossil-fuel mix is tested. The results from the model indicate that the null hypothesis of relative price efficiency in the fossil-fuel mix cannot be rejected. Hence, if the Japanese LNG buyers exercise some market power in the LNG market the model provides no evidence for the notion that they use natural gas efficiently, relative other fossil fuel, in electricity generation. The third chapter analyzes the impact that Japanese energy policy has had on the fossil-fuel choice in the power industry in Japan. Due to energy security and environmental concerns, the energy policy in Japan has been favoring natural gas as fuel in fossil-fueled electricity production. The study uses a restricted flexible cost function approach to analyze the impact on fuel costs when the volume of natural gas is exogenous - due to the energy policy - to the electricity producer's choice of fossil-fuel mix. By deriving the shadow price of natural gas, the optimal (cost minimizing) consumption of natural gas is estimated. The results indicate that too much gas is used. Hence, the fossil-fuel mix is inefficient from a pure cost perspective. The results also shows that short-term substitution between the unrestricted fossil-fuels - coal, crude oil, and fuel oil - have occurred, illustrated by negative own-price, and positive cross-price elasticities of reasonable magnitude. The study also shows that the combination of technological change and energy policy has been fuel-saving with respect to crude oil, and fuel-using for coal and fuel oil in fossil-fueled electricity production. The fourth chapter uses an error-correction model to estimate long- and short-run electricity demand elasticities in the residential sector in Japan. The results show low long-run price elasticities, indicating that the proposed deregulation of the

Market situation in nuclear fuel cycle

International Nuclear Information System (INIS)

Anon.

1985-01-01

The existing uranium reserves cover the needs for at least 80 years, the probable ones are 2 to 5 times larger, seawater is an unlimited source of uranium. On the spot market the price was in 1985 355 SEK/kg U, the long-period contracts are expected to be at 700 SEK/kg U. Uranium is supplied to Finland and Sweden from Australia, Canada, France, Niger and Gabon. Conversion (about 50 SEK/kg U) is supplied to Finland and Sweden by Eldorado Resources Canada, Comurhex France, BNFL Great Britain and Allied Chemical USA. Prices for enrichment are at least 1200 SEK/kg SWU for USA and 900 SEK/kg SWU for European enrichment. Enrichment is supplied to Finland and Sweden by Eurodif France, Urenco Holland, West Germany and Great Britain, USA DOE and Techsnabexport USSR. There is about 90% exceeding capacity of fabrication. Fabrication is supplied by ASEA-ATOM Sweden, Exxon USA and FRG FRAGEMA France, KWU/FRG and Atomenergoexport USSR. These five suppliers offer 7 essentially different designs. Prices range from 1200 to 1800 SEK/kg U. Sweden established storage facility for used fuel CLAB in 1985, Finland will have such facility ready in 1987. Both Sweden and Finland are investigating disposal. Sweden has a contract for processing of a minor burnt-out fuel batch in England and France. Sweden attempts to reduce the quantities to be processed. A levellized fuel price for a nuclear power plant set into operation in 1990-ties is estimated as 6.6 SE oere/kWh. (eg)

Impact of nuclear fuel performance and reliability in a deregulated electricity market

International Nuclear Information System (INIS)

Barnoski, M.; Kaiser, B.

1997-01-01

US nuclear plants are now placing a great deal of importance on fuel performance and reliability because of their direct effect on a plant's capacity factor, availability, operating flexibility, outage duration, and worker exposure. This is reflected by utilities making fuel reliability a principal vendor evaluation criterion and making fuel performance an important bonus/penalty provision. Defect-free fuel, combined with ever improving design features, makes it possible for plants to operate at higher outputs while reducing operating and maintenance costs. Higher electrical output at lower cost is essential for US nuclear plants to meet the expected competition in a deregulated market. Through continued investment in manufacturing improvements and a vigilant, systematic design process, ABB's nuclear fuel has contributed to helping its nuclear utility customers reduce their cost of doing business. (author) 1 fig., 1 tab

Matched conversion sales in the nuclear fuel market

International Nuclear Information System (INIS)

Fuller, D.M.

1996-01-01

The negotiations leading up to the Suspension Agreement with Russia focused solely on uranium and SWU, leaving conversion in its traditional role as the overlooked constituent of the fuel cycle. In fact, the initial agreement did not even distinguish U 3 O 8 from UF 6 ; it effectively ignored the conversion component contained in UF 6 and the possibility of matched conversion sales. After some criticism from ConverDyn and others, The US Department of Commerce issued a clarification, confirming that all three major components of the fuel cycle can be sold under matched sales agreements. However, matched conversion sales remain somewhat of an enigma as few have been done and the logistics are poorly understood. Nonetheless, in a conversion market where supply and demand are closely balanced, secondary supplies, including those from matched sales, will likely play an important role in the evolution of conversion prices

Commercialization of fuels from Pinyon-Juniper biomass in Nevada

International Nuclear Information System (INIS)

Morris, G.P.

1994-01-01

This study analyzes and defines energy applications and markets that could stimulate the commercial use of Eastern Nevada's Pinyon-Juniper resources. The commercialization potential for producing energy from Pinyon-Juniper biomass is analyzed by examining the resource base and resource availability for a commercial harvesting and processing operation. The study considered the spectrum of available equipment and technology for carrying out harvesting and processing operations, investigated the markets that might be able to use energy products derived from Pinyon-Juniper biomass, analyzed the costs of harvesting, processing, and transporting Pinyon-Juniper fuels, and set forth a plan for developing the commercial potential of these resources. The emerging residential pellet-fuels market is a promising entry market for the commercialization of an energy from Pinyon-Juniper biomass industry in Eastern Nevada, although there are serious technical issues that may render Pinyon-Juniper biomass an unsuitable feedstock for the manufacture of pellet fuels. These issues could be investigated at a moderate cost in order to determine whether to proceed with development efforts in this direction. In the longer term, one or two biomass-fired power plants in the size range of 5-10 MW could provide a stable and predictable market for the production and utilization of fuels derived from local Pinyon-Juniper biomass resources, and would provide valuable economic and environmental benefits to the region. Municipal utility ownership of such facilities could help to enhance the economic benefits of the investments by qualifying them for federal energy credits and tax-free financing

Market analysis: renewable fuels; Marktanalyse - Nachwachsende Rohstoffe

Energy Technology Data Exchange (ETDEWEB)

NONE

2006-07-01

This new publication of Fachagentur Nachwachsende Rohstoffe (FNR) e.V. presents an analysis of markets and potentials. The Meo Consulting Team of Cologne analyzed the importance of various products in Germany, as well as electric power, heat, and fuels. The ''Marktanalyse Nachwachsende Rohstoffe'' is available for free at FNR. It contains a detailed survey, with many figures and graphs. It is shown that oils, fats, sugar, starch and fibres of renewable materials have become established products in the market. Political boundary conditions have great importance, as is shown in the data for bioenergy, where dynamic growth is expected both for electric power from biogas and for biofuels. The study is in two parts. The first part analyzes electrical and thermal energy as well as biofuels. The second part goes into lubricants, chemical feedstocks, varnishes and lacquers, pharmaceuticals and cosmetics. There are also sections on paper, cardboard and carton, packaging products, fibre-reinforced materials and formed parts, textiles, construction materials, insulating materials and furniture. (orig.)

Fuel trade in the Common Market. Brennstoffhandel im gemeinsamen Markt

Energy Technology Data Exchange (ETDEWEB)

Faross, P [Commission of the European Communities, Brussels (Belgium)

1989-06-01

There is more than a finishing touch to be given to the Common Market to come. The Central Administrative Councilor of the XVII A1 Executive Board of the European Communities in Brussels points out relevant fuel trade changes. Considering the higher trade margins of some of the neighboring countries, German trade, among other things, expects a better profit and loss position. (orig.).

The global nuclear fuel market - supply and demand 1995-2015

International Nuclear Information System (INIS)

Keese, H.; Kidd, S.

1996-01-01

The findings and main conclusions of the 1996 supply and demand report of the Uranium Institute are summarised. The previous report was published in June 1994. In 1994 and 1995, world uranium production remained at a relatively depressed level, accounting for just over half reactor requirements only. Since mid 1995, however, some increase in production has occurred alongside rises in uranium spot market prices. This may indicate that supply is becoming tighter and indicate the end of the perception that supply availability is unlimited. Answers are attempted to the questions about the future which arise from this development. Nuclear power is first set in the context of the market for energy and for electricity in particular. The report then identifies key issues for the longer term future for nuclear power and considers various aspects of nuclear fuel supply and demand over the next 20 years. Three demand scenarios are explored. Even in the lower requirements case, the overall conclusion is that supply will only meet demand from 2002 onwards when all the projected new mine capacity is in place. Adequate supply is heavily dependent on other supply sources in the higher case scenarios. The market will need the entry of blended down high enriched uranium from dismantled weapons and an increased contribution from the reprocessing of spent fuel. Additional primary production is only likely if financial incentives are available and the regulatory framework permits. Finally, there is the possibility of re-enriching depleted uranium. (9 figures). (UK)

A Study on Market Efficiency of Selected Commodity Derivatives Traded on NCDEX During 2011

Science.gov (United States)

Sajipriya, N.

2012-10-01

The study aims at testing the weak form of Efficient Market Hypothesis in the context of an emerging commodity market - National Commodity Derivatives Exchange (NCDEX), which is considered as the prime commodity derivatives market in India. The study considered daily spot and futures prices of five selected commodities traded on NCDEX over 12 month period (the futures contracts originating and expiring during the period January 2011 to December 2011) The five commodities chosen are Pepper, Crude palm Oil, steel silver and Chana as they account for almost two-thirds of the value of agricultural commodity derivatives traded on NCDEX. The results of Run test indicate that both spot and futures prices are weak form efficient

EVALUATING THE DIFFUSION OF FUEL-CELL CARS IN THE CHINA MARKETS

Directory of Open Access Journals (Sweden)

Vincent RITS

2004-01-01

Scenario analyses confirm the widely claimed need for further technological development, but also find it insufficient. Moreover, it is found that the widespread diffusion of fuel-cell cars in China will first and only take place after 2025. Main conditions are firstly: the removal of technological and economic obstacles, the appearance of an initial niche market and the self-enforcement of diffusion (with consensus among the important actors, driven by the technological development. Secondly: either high price of fossil fuels (energy resource scarcity is required or (very strict environmental regulations by the Chinese government -i.e. a breakthrough of the present policy trend.

Status of the natural and enriched uranium market: the basic economical factor for the development of the fuel cycle

International Nuclear Information System (INIS)

Nochev, T.

1999-01-01

Status of the Natural and Enriched Uranium Market - the Basic. Economical Factor for the Development of the Fuel Cycle An overview of the status of the natural and enriched uranium market has been performed and it offers a possibility to estimate the changes and tendencies, the knowledge of which is needed in negotiations about the fresh fuel. The simplified financial analysis presented here demonstrates the economical profitability of the storage of the spent fuel making now the allocations for the future reprocessing

EU's forest fuel resources, energy technology market and international bioenergy trade

International Nuclear Information System (INIS)

Asikainen, A.; Laitila, J.; Parikka, H.

2006-01-01

The aim of the project is to provide for the Finnish bioenergy technology, machine and appliance manufactures information about forest fuel resources in the EU and international bioenergy trade mechanisms. The projects results act as an instrument for market potential assessments and provide information to the local energy producer about biomass as an energy source. The possibilities to use forest chips in CHP and heating plants will be investigated in the case studies. Total number of case studies will be 3-4, and they will mainly be located in Eastern Europe, where also large forest resources and utilisation potential are found. Case studies include three main tasks: 1) Assessment of forest fuel resources around the CHP or heating plant. 2) Forest fuel procurement cost study and 3) Study on the economics forest fuel based energy production. The project will be carried out as cooperation between Finnish research institutes and companies, and local actors. First case study was carried out at Poland. (orig.)

Biomass-derived Syngas Utilization for Fuels and Chemicals - Final Report

Energy Technology Data Exchange (ETDEWEB)

Dayton, David C

2010-03-24

Executive Summary The growing gap between petroleum production and demand, mounting environmental concerns, and increasing fuel prices have stimulated intense interest in research and development (R&D) of alternative fuels, both synthetic and bio-derived. Currently, the most technically defined thermochemical route for producing alternative fuels from lignocellulosic biomass involves gasification/reforming of biomass to produce syngas (carbon monoxide [CO] + hydrogen [H2]), followed by syngas cleaning, Fischer-Tropsch synthesis (FTS) or mixed alcohol synthesis, and some product upgrading via hydroprocessing or separation. A detailed techno-economic analysis of this type of process has recently been published [1] and it highlights the need for technical breakthroughs and technology demonstration for gas cleanup and fuel synthesis. The latter two technical barrier areas contribute 40% of the total thermochemical ethanol cost and 70% of the production cost, if feedstock costs are factored out. Developing and validating technologies that reduce the capital and operating costs of these unit operations will greatly reduce the risk for commercializing integrated biomass gasification/fuel synthesis processes for biofuel production. The objective of this project is to develop and demonstrate new catalysts and catalytic processes that can efficiently convert biomass-derived syngas into diesel fuel and C2-C4 alcohols. The goal is to improve the economics of the processes by improving the catalytic activity and product selectivity, which could lead to commercialization. The project was divided into 4 tasks: Task 1: Reactor Systems: Construction of three reactor systems was a project milestone. Construction of a fixed-bed microreactor (FBR), a continuous stirred tank reactor (CSTR), and a slurry bubble column reactor (SBCR) were completed to meet this milestone. Task 2: Iron Fischer-Tropsch (FT) Catalyst: An attrition resistant iron FT catalyst will be developed and tested

Market analysis. Renewable fuels

International Nuclear Information System (INIS)

2014-01-01

The Agency for Renewable Resources (FNR) had on behalf of the Federal Ministry of Food and Agriculture created a study on the market development of renewable resources in Germany and published this in the year of 2006. The aim of that study was to identify of actual status and market performance of the individual market segments of the material and energetic use as a basis for policy recommendations for accelerated and long term successful market launch and market share expansion of renewable raw materials. On behalf of the FNR, a market analysis of mid-2011 was carried out until the beginning of 2013, the results of which are hereby resubmitted. This market analysis covers all markets of material and energetic use in the global context, taking account of possible competing uses. A market segmentation, which was based on the product classification of the Federal Statistical Office, formed the basis of the analysis. A total of ten markets have been defined, seven material and three energetic use. [de

Financial Derivatives Market for Grid Computing

CERN Document Server

Aubert, David; Lindset, Snorre; Huuse, Henning

2007-01-01

This Master thesis studies the feasibility and properties of a financial derivatives market on Grid computing, a service for sharing computing resources over a network such as the Internet. For the European Organization for Nuclear Research (CERN) to perform research with the world's largest and most complex machine, the Large Hadron Collider (LHC), Grid computing was developed to handle the information created. In accordance with the mandate of CERN Technology Transfer (TT) group, this thesis is a part of CERN's dissemination of the Grid technology. The thesis gives a brief overview of the use of the Grid technology and where it is heading. IT trend analysts and large-scale IT vendors see this technology as key in transforming the world of IT. They predict that in a matter of years, IT will be bought as a service, instead of a good. Commoditization of IT, delivered as a service, is a paradigm shift that will have a broad impact on all parts of the IT market, as well as on the society as a whole. Political, e...

Nitrogen oxides from combustion of nitrogen-containing polymers in waste-derived fuels

International Nuclear Information System (INIS)

Zevenhoven, R.; Kilpinen, P.; Hupa, M.; Elomaa, M.

2000-01-01

Usually, waste-derived fuels present nitrogen-containing fractions, which produce nitrogen oxides (NO) during combustion. This study was mainly concerned with poly amides (PA) (nylon), poly urethanes (PU), urea formaldehyde (UF) glue, sewage sludge and refuse-derived fuels (RDF). For control purposes, the authors chose a Polish sub-bituminous coal and a Finnish pine wood sample. An almost inverse trend between fuel nitrogen content and NO emissions was revealed through analysis of NO emissions at 850 Celsius, 1 bar, 7 per cent O 2 in N 2 . It was not possible to derive a clear correlation to the amount of ash generated by the samples. PU foam decomposed through a two-step process, as suggested by thermochromatography, and PA6-containing samples yielded epsilon-caprolactam as a major decomposition product. Important decomposition products from PU, PA6, PA6/PE, sewage sludge and UF glue samples were greenhouse gases as demonstrated by pyrolysis-gas chromatography/mass spectroscopy. The work was carried out at Abo Akademi University and University of Helsinki, Finland. 5 refs., 2 tabs., 3 figs

On the Feasibility of Decentralized Derivatives Markets

OpenAIRE

Eskandari, Shayan; Clark, Jeremy; Sundaresan, Vignesh; Adham, Moe

2018-01-01

In this paper, we present Velocity, a decentralized market deployed on Ethereum for trading a custom type of derivative option. To enable the smart contract to work, we also implement a price fetching tool called PriceGeth. We present this as a case study, noting challenges in development of the system that might be of independent interest to whose working on smart contract implementations. We also apply recent academic results on the security of the Solidity smart contract language in valida...

Market Analysis and Consumer Impacts Source Document. Part III. Consumer Behavior and Attitudes Toward Fuel Efficient Vehicles

Science.gov (United States)

1980-12-01

This source document on motor vehicle market analysis and consumer impacts consists of three parts. Part III consists of studies and reviews on: consumer awareness of fuel efficiency issues; consumer acceptance of fuel efficient vehicles; car size ch...

Strategic analysis of biomass and waste fuels for electric power generation

International Nuclear Information System (INIS)

McGowin, C.R.; Wiltsee, G.A.

1996-01-01

Although the environmental and other benefits of using biomass and waste fuel energy to displace fossil fuels are well known, the economic realities are such that these fuels cannot compete effectively in the current market without tax credits, subsidies and other artificial measures. In 1992, EPRI initiated a strategic analysis of biomass and waste fuels and power technologies, both to develop consistent performance and cost data for the leading fuels and technologies and to identify the conditions which favor and create market pull for biomass and waste fuel energy. Using the final results of the EPRI project, this paper compares the relative performance and cost of power generation from coal, natural gas, and biomass and waste fuels. The range of fuels includes wood, agricultural wastes, municipal solid waste, refuse-derived fuel, scrap tires and tire-derived fuel. The power technologies include pulverized coal and natural gas/combined cycle power plants, cofiring with coal in coal-fired utility boilers, direct combustion in dedicated mass burn, stoker and fluidized bed boilers, and wood gasification/combined cycle-power plants. The analysis suggests that, in the near term, the highest-efficiency, lowest-cost, lowest-risk technology is cofiring with coal in industrial and utility boilers. However, this approach is economically feasible only when the fuel is delivered at a deep discount relative to fossil fuel, or the fuel user receives a tipping fee, subsidy, or emissions credit. (author)

Final Report - Stationary and Emerging Market Fuel Cell System Cost Assessment

Energy Technology Data Exchange (ETDEWEB)

Contini, Vince [Battelle Memorial Inst., Columbus, OH (United States); Heinrichs, Mike [Battelle Memorial Inst., Columbus, OH (United States); George, Paul [Battelle Memorial Inst., Columbus, OH (United States); Eubanks, Fritz [Battelle Memorial Inst., Columbus, OH (United States); Jansen, Mike [Battelle Memorial Inst., Columbus, OH (United States); Valluri, Manoj [Battelle Memorial Inst., Columbus, OH (United States); Mansouri, Mahan [Battelle Memorial Inst., Columbus, OH (United States); Swickrath, Mike [Battelle Memorial Inst., Columbus, OH (United States)

2017-04-30

The U.S. Department of Energy (DOE) is focused on providing a portfolio of technology solutions to meet energy security challenges of the future. Fuel cells are a part of this portfolio of technology offerings. To help meet these challenges and supplement the understanding of the current research, Battelle has executed a five-year program that evaluated the total system costs and total ownership costs of two technologies: (1) an ~80 °C polymer electrolyte membrane fuel cell (PEMFC) technology and (2) a solid oxide fuel cell (SOFC) technology, operating with hydrogen or reformate for different applications. Previous research conducted by Battelle, and more recently by other research institutes, suggests that fuel cells can offer customers significant fuel and emission savings along with other benefits compared to incumbent alternatives. For this project, Battelle has applied a proven cost assessment approach to assist the DOE Fuel Cell Technologies Program in making decisions regarding research and development, scale-up, and deployment of fuel cell technology. The cost studies and subsequent reports provide accurate projections of current system costs and the cost impact of state-of-the-art technologies in manufacturing, increases in production volume, and changes to system design on system cost and life cycle cost for several near-term and emerging fuel cell markets. The studies also provide information on types of manufacturing processes that must be developed to commercialize fuel cells and also provide insights into the optimization needed for use of off-the-shelf components in fuel cell systems. Battelle’s analysis is intended to help DOE prioritize investments in research and development of components to reduce the costs of fuel cell systems while considering systems optimization.

Processes for converting biomass-derived feedstocks to chemicals and liquid fuels

Science.gov (United States)

Held, Andrew; Woods, Elizabeth; Cortright, Randy; Gray, Matthew

2018-04-17

The present invention provides processes, methods, and systems for converting biomass-derived feedstocks to liquid fuels and chemicals. The method generally includes the reaction of a hydrolysate from a biomass deconstruction process with hydrogen and a catalyst to produce a reaction product comprising one of more oxygenated compounds. The process also includes reacting the reaction product with a condensation catalyst to produce C.sub.4+ compounds useful as fuels and chemicals.

Processes for converting biomass-derived feedstocks to chemicals and liquid fuels

Science.gov (United States)

Held, Andrew; Woods, Elizabeth; Cortright, Randy; Gray, Matthew

2017-05-23

The present invention provides processes, methods, and systems for converting biomass-derived feedstocks to liquid fuels and chemicals. The method generally includes the reaction of a hydrolysate from a biomass deconstruction process with hydrogen and a catalyst to produce a reaction product comprising one of more oxygenated compounds. The process also includes reacting the reaction product with a condensation catalyst to produce C.sub.4+ compounds useful as fuels and chemicals.

Full fuel-cycle comparison of forklift propulsion systems

International Nuclear Information System (INIS)

Gaines, L.L.; Elgowainy, A.; Wang, M.Q.

2008-01-01

Hydrogen has received considerable attention as an alternative to fossil fuels. The U.S. Department of Energy (DOE) investigates the technical and economic feasibility of promising new technologies, such as hydrogen fuel cells. A recent report for DOE identified three near-term markets for fuel cells: (1) Emergency power for state and local emergency response agencies, (2) Forklifts in warehousing and distribution centers, and (3) Airport ground support equipment markets. This report examines forklift propulsion systems and addresses the potential energy and environmental implications of substituting fuel-cell propulsion for existing technologies based on batteries and fossil fuels. Industry data and the Argonne Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation (GREET) model are used to estimate full fuel-cycle emissions and use of primary energy sources, back to the primary feedstocks for fuel production. Also considered are other environmental concerns at work locations. The benefits derived from using fuel-cell propulsion are determined by the sources of electricity and hydrogen. In particular, fuel-cell forklifts using hydrogen made from the reforming of natural gas had lower impacts than those using hydrogen from electrolysis

Full fuel-cycle comparison of forklift propulsion systems.

Energy Technology Data Exchange (ETDEWEB)

Gaines, L. L.; Elgowainy, A.; Wang, M. Q.; Energy Systems

2008-11-05

Hydrogen has received considerable attention as an alternative to fossil fuels. The U.S. Department of Energy (DOE) investigates the technical and economic feasibility of promising new technologies, such as hydrogen fuel cells. A recent report for DOE identified three near-term markets for fuel cells: (1) Emergency power for state and local emergency response agencies, (2) Forklifts in warehousing and distribution centers, and (3) Airport ground support equipment markets. This report examines forklift propulsion systems and addresses the potential energy and environmental implications of substituting fuel-cell propulsion for existing technologies based on batteries and fossil fuels. Industry data and the Argonne Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation (GREET) model are used to estimate full fuel-cycle emissions and use of primary energy sources, back to the primary feedstocks for fuel production. Also considered are other environmental concerns at work locations. The benefits derived from using fuel-cell propulsion are determined by the sources of electricity and hydrogen. In particular, fuel-cell forklifts using hydrogen made from the reforming of natural gas had lower impacts than those using hydrogen from electrolysis.

Combustion Of Poultry-Derived Fuel in a CFBC

Science.gov (United States)

Jia, Lufei; Anthony, Edward J.

Poultry farming generates large quantities of waste. Current disposal practice is to spread the poultry wastes onto farmland as fertilizer. However, as the factory farms for poultry grow both in numbers and size, the amount of poultry wastes generated has increased significandy in recent years. In consequence, excessive application of poultry wastes on farmland is resulting in more and more contaminants entering the surface water. One of the options being considered is the use of poultry waste as power plant fuel. Since poultry-derived fuel (PDF) is biomass, its co-firing will have the added advantage of reducing greenhouse gas emissions from power generation. To evaluate the combustion characteristics of co-firing PDF with coal, combustion tests of mixtures of coal and PDF were conducted in CanmetENERGY's pilot-scale CFBC. The goal of the tests was to verify that PDF can be co-fired with coal and, more importantly, that emissions from the combustion process are not adversely affected by the presence of PDF in the fuel feed. The test results were very promising and support the view that co-firing in an existing coal-fired CFBC is an effective method of utilizing this potential fuel, both resolving a potential waste disposal problem and reducing the amount of CO2 released by the boiler.

Developing compressed natural gas as an automotive fuel in Nigeria: Lessons from international markets

International Nuclear Information System (INIS)

Ogunlowo, Olufemi O.; Bristow, Abigail L.; Sohail, M.

2015-01-01

The Nigerian government proposed the use of compressed natural gas (CNG) as an automotive fuel in 1997 as part of the initiatives to harness natural gas (NG) resources but progress has been slow. This paper examines the natural gas vehicle (NGV) implementation approaches and outcomes in seven countries with diverse experiences in order to gain an understanding of the barriers to the NGV market development in Nigeria. The analysis employs hermeneutic principles to secondary data derived from academic literature, published reports from a variety of international agencies, grey literature, and text from online sources and identifies eight success factors for NGV market development namely: strategic intent, legal backing, learning and adaptation, assignment of responsibilities, financial incentives, NG pricing, consumer confidence, and NG infrastructure. The paper concludes that the principal impediment to NGV market development in Nigeria is the uncoordinated implementation approach and that greater government involvement is required in setting strategic goals, developing the legal and regulatory frameworks, setting of clear standards for vehicles and refuelling stations as well as assigning responsibilities to specific agencies. Short-term low cost policy interventions identified include widening the existing NG and gasoline price gap and offering limited support for refuelling and retrofitting facilities. - Highlights: • We examined the NGV policies and implementation strategies in selected countries. • The use of legislative mandates help deepen NGV penetration. • Aligning stakeholder interest is critical to NGV adoption. • Making national interest a priority ahead of regional infrastructure is a critical success factor. • Government support drives participation

EMISSIONS FROM INDIRECT LAND USE CHANGE: DO THEY MATTER WITH FUEL MARKET LEAKAGES?

Directory of Open Access Journals (Sweden)

Dušan Drabik

2013-09-01

Full Text Available Indirect land use change, an agricultural market leakage, has been a major controversy over the Environmental Protection Agency’s (EPA requirement for corn-ethanol to reduce greenhouse gas (GHG emissions by 20 percent relative to gasoline it is assumed to replace. This paper shows that corn-ethanol policies generate far greater carbon leakage in the fuel market itself. Hence, corn-ethanol does not meet EPA’s threshold, regardless of ethanol policy and whether one includes emissions from land use change.

The market for fuel pellets produced from biomass and waste in the Netherlands

International Nuclear Information System (INIS)

Koppejan, J.; Meulman, P.D.M.

2001-12-01

Several initiatives are currently being developed in the Netherlands for the production of fuel pellets from waste and biomass. This report presents an overview of the current producers and (potential) users of these pellets in the Netherlands. It also outlines the Dutch and European policies and legislations concerned. Furthermore, important barriers to market development of fuel pellets are defined and future expectations are summarized. The study covers fuel pellets made from different feedstock, varying from clean biomass to waste with traces of contaminants. In each project, pellets are produced that are unique as to their product specifications, as they are usually designed for a single application. It is therefore impossible to generalize characteristics and end use. 27 refs

Bio-diesel fuels production: Feasibility studies

International Nuclear Information System (INIS)

Tabasso, L.

1993-01-01

This paper reviews the efforts being made by Italy's national government and private industry to develop diesel engine fuels derived from vegetable oils, in particular, sunflower seed oil. These fuels are being promoted in Italy from the environmental protection stand-point in that they don't contain any sulfur, the main cause of acid rain, and from the agricultural stand-point in that they provide Italian farmers, whose food crop production capacity is limited due to European Communities agreements, with the opportunity to use their set-aside land for the production of energy crops. This paper provides brief notes on the key performance characteristics of bio-diesel fuels, whose application doesn't require any modifications to diesel engines, apart from minor adjustments to the air/fuel mix regulating system, and assesses commercialization prospects. Brief mention is made of the problems being encountered by the Government in the establishing fair bio-fuel production tax rebates which are compatible with the marketing practices of the petroleum industry. One of the strategies being considered is to use the bio-fuels as additives to be mixed with conventional fuel oils so as to derive a fuel which meets the new European air pollution standards

Derivative pricing with liquidity risk: Theory and evidence from the credit default swap market

NARCIS (Netherlands)

Bongaerts, D.; de Jong, F.; Driessen, J.

2008-01-01

We derive a theoretical asset-pricing model for derivative contracts that allows for expected liquidity and liquidity risk, and estimate this model for the market of credit default swaps (CDS). Our model extends the LCAPM of Acharya and Pedersen (2005) to a setting with derivative instruments and

EVALUATION OF TIRE-DERIVED FUEL FOR USE IN NITROGEN OXIDE REDUCTION BY REBURNING

Science.gov (United States)

Tire-derived fuel (TDF) was tested in a small-scale (44 kW or 150,000 Btu/hr) combustor to determine its feasibility as a fuel for use in reburning for control of nitrogen oxide (NO). TDF was gravity-fed into upward flowing combustion gases from a primary natural gas flame doped ...

Electroreduction of carbon monoxide to liquid fuel on oxide-derived nanocrystalline copper

Science.gov (United States)

Li, Christina W.; Ciston, Jim; Kanan, Matthew W.

2014-04-01

The electrochemical conversion of CO2 and H2O into liquid fuel is ideal for high-density renewable energy storage and could provide an incentive for CO2 capture. However, efficient electrocatalysts for reducing CO2 and its derivatives into a desirable fuel are not available at present. Although many catalysts can reduce CO2 to carbon monoxide (CO), liquid fuel synthesis requires that CO is reduced further, using H2O as a H+ source. Copper (Cu) is the only known material with an appreciable CO electroreduction activity, but in bulk form its efficiency and selectivity for liquid fuel are far too low for practical use. In particular, H2O reduction to H2 outcompetes CO reduction on Cu electrodes unless extreme overpotentials are applied, at which point gaseous hydrocarbons are the major CO reduction products. Here we show that nanocrystalline Cu prepared from Cu2O (`oxide-derived Cu') produces multi-carbon oxygenates (ethanol, acetate and n-propanol) with up to 57% Faraday efficiency at modest potentials (-0.25 volts to -0.5 volts versus the reversible hydrogen electrode) in CO-saturated alkaline H2O. By comparison, when prepared by traditional vapour condensation, Cu nanoparticles with an average crystallite size similar to that of oxide-derived copper produce nearly exclusive H2 (96% Faraday efficiency) under identical conditions. Our results demonstrate the ability to change the intrinsic catalytic properties of Cu for this notoriously difficult reaction by growing interconnected nanocrystallites from the constrained environment of an oxide lattice. The selectivity for oxygenates, with ethanol as the major product, demonstrates the feasibility of a two-step conversion of CO2 to liquid fuel that could be powered by renewable electricity.

Market impacts of hypothetical fuel treatment thinning programs on federal lands in the western United States

Science.gov (United States)

Peter J. Ince; Henry Spelter; Kenneth Skog; Andrew Kramp; Dennis P. Dykstra

2000-01-01

This paper addresses the economics of forest fuel thinning programs on federal lands in the U.S. West, and presents a model of regional timber and product market impacts. The issue of economics is vital to the debate about fire management, and this paper presents market implications of two alternative silvicultural strategies, even-aged and uneven-aged...

Hydrodeoxygenation processes: advances on catalytic transformations of biomass-derived platform chemicals into hydrocarbon fuels.

Science.gov (United States)

De, Sudipta; Saha, Basudeb; Luque, Rafael

2015-02-01

Lignocellulosic biomass provides an attractive source of renewable carbon that can be sustainably converted into chemicals and fuels. Hydrodeoxygenation (HDO) processes have recently received considerable attention to upgrade biomass-derived feedstocks into liquid transportation fuels. The selection and design of HDO catalysts plays an important role to determine the success of the process. This review has been aimed to emphasize recent developments on HDO catalysts in effective transformations of biomass-derived platform molecules into hydrocarbon fuels with reduced oxygen content and improved H/C ratios. Liquid hydrocarbon fuels can be obtained by combining oxygen removal processes (e.g. dehydration, hydrogenation, hydrogenolysis, decarbonylation etc.) as well as by increasing the molecular weight via C-C coupling reactions (e.g. aldol condensation, ketonization, oligomerization, hydroxyalkylation etc.). Fundamentals and mechanistic aspects of the use of HDO catalysts in deoxygenation reactions will also be discussed. Copyright © 2014 Elsevier Ltd. All rights reserved.

Effects of coal-derived trace species on performance of molten carbonate fuel cells

Energy Technology Data Exchange (ETDEWEB)

1992-05-01

The Carbonate Fuel Cell is a very promising option for highly efficient generation of electricity from many fuels. If coal-gas is to be used, the interactions of coal-derived impurities on various fuel cell components need to be understood. Thus the effects on Carbonate Fuel Cell performance due to ten different coal-derived contaminants viz., NH{sub 3}, H{sub 2}S, HC{ell}, H{sub 2}Se, AsH{sub 3}, Zn, Pb, Cd, Sn, and Hg, have been studied at Energy Research Corporation. Both experimental and theoretical evaluations were performed, which have led to mechanistic insights and initial estimation of qualitative tolerance levels for each species individually and in combination with other species. The focus of this study was to investigate possible coal-gas contaminant effects on the anode side of the Carbonate Fuel Cell, using both out-of-cell thermogravimetric analysis by isothermal TGA, and fuel cell testing in bench-scale cells. Separate experiments detailing performance decay in these cells with high levels of ammonia contamination (1 vol %) and with trace levels of Cd, Hg, and Sn, have indicated that, on the whole, these elements do not affect carbonate fuel cell performance. However, some performance decay may result when a number of the other six species are present, singly or simultaneously, as contaminants in fuel gas. In all cases, tolerance levels have been estimated for each of the 10 species and preliminary models have been developed for six of them. At this stage the models are limited to isothermal, benchscale (300 cm{sup 2} size) single cells. The information obtained is expected to assist in the development of coal-gas cleanup systems, while the contaminant performance effects data will provide useful basic information for modeling fuel cell endurance in conjunction with integrated gasifier/fuel-cell systems (IGFC).

Exploring the role of marketing as a tool\\ud to aid smart meter adoption amongst fuel poverty\\ud and vulnerable groups

OpenAIRE

Lewis, J; Rosborough, J

2013-01-01

This study is concerned with exploring the role of marketing as a tool to improve smart meter adoption amongst different fuel poverty groups. The traditional view of marketing is that it is a process by which people and firms get what they require and desire by generating and trading value with others (Kotler and Armstrong, 2010). Nonetheless, a more recent view of marketing is that it provides a vehicle to aid the achievement of a wide range of social goals. In this instance, fuel poverty an...

Research and evaluation of biomass resources/conversion/utilization systems (market/experimental analysis for development of a data base for a fuels from biomass model. Volume I. Biomass allocation model. Technical progress report for the period ending September 30, 1980

Energy Technology Data Exchange (ETDEWEB)

Ahn, Y.K.; Chen, H.T.; Helm, R.W.; Nelson, E.T.; Shields K.J.

1980-01-01

A biomass allocation model has been developed to show the most profitable combination of biomass feedstocks thermochemical conversion processes, and fuel products to serve the seasonal conditions in a regional market. This optimization model provides a tool for quickly calculating the most profitable biomass missions from a large number of potential biomass missions. Other components of the system serve as a convenient storage and retrieval mechanism for biomass marketing and thermochemical conversion processing data. The system can be accessed through the use of a computer terminal, or it could be adapted to a portable micro-processor. A User's Manual for the system has been included in Appendix A of the report. The validity of any biomass allocation solution provided by the allocation model is dependent on the accuracy of the data base. The initial data base was constructed from values obtained from the literature, and, consequently, as more current thermochemical conversion processing and manufacturing costs and efficiencies become available, the data base should be revised. Biomass derived fuels included in the data base are the following: medium Btu gas low Btu gas, substitute natural gas, ammonia, methanol, electricity, gasoline, and fuel oil. The market sectors served by the fuels include: residential, electric utility, chemical (industrial), and transportation. Regional/seasonal costs and availabilities and heating values for 61 woody and non-woody biomass species are included. The study has included four regions in the United States which were selected because there was both an availability of biomass and a commercial demand for the derived fuels: Region I: NY, WV, PA; Region II: GA, AL, MS; Region III: IN, IL, IA; and Region IV: OR, WA.

Supply and demand elasticities in the U.S. ethanol fuel market

International Nuclear Information System (INIS)

Luchansky, Matthew S.; Monks, James

2009-01-01

The market for ethanol has grown from approximately 1.2 billion gallons in 1997 to almost 5 billion gallons in 2006. With the huge increase in ethanol demand in recent years, the growth in derived demand for corn has driven up many food prices. This paper uses monthly data from 1997-2006 to estimate the market supply and demand for ethanol at the national level. The simultaneous determination of the supply and demand curves using two-stage least squares allows for the calculation of supply and demand-side elasticities, which are important results in light of the tremendous growth in this market and recent legislation concerning ethanol. (author)

Supply and demand elasticities in the U.S. ethanol fuel market

Energy Technology Data Exchange (ETDEWEB)

Luchansky, Matthew S. [University of Illinois at Urbana-Champaign49 Roger Adams Lab, 81-5600 S. Mathews Ave., Urbana, IL 61801 (United States); Monks, James [Robins School of Business, University of Richmond, Richmond, VA 23173 (United States)

2009-05-15

The market for ethanol has grown from approximately 1.2 billion gallons in 1997 to almost 5 billion gallons in 2006. With the huge increase in ethanol demand in recent years, the growth in derived demand for corn has driven up many food prices. This paper uses monthly data from 1997-2006 to estimate the market supply and demand for ethanol at the national level. The simultaneous determination of the supply and demand curves using two-stage least squares allows for the calculation of supply and demand-side elasticities, which are important results in light of the tremendous growth in this market and recent legislation concerning ethanol. (author)

Power generation from refuse derived fuel

International Nuclear Information System (INIS)

Surroop, Dinesh; Mohee, Romeela

2010-01-01

Full text: The beginning of the third millennium has been characterized by a progressive increase in the demand for fossil fuels, which has caused a steep rise in oil price. At the same time, several environmental disasters have increased the sensitivity of world-wide public opinion towards the effect that environmental pollution has on human health and climate change. These conditions have fostered a renewed interest in renewable energy like solar energy, wind energy, biomass and solid wastes. In addition, the disposal of municipal solid waste (MSW) has become a critical and costly problem. The traditional landfill method requires large amounts of land and contaminates air, water and soil. The increase in socio-economic condition during the past ten years has also significantly increased the amount of solid waste generated. There are around 1200 tons of municipal solid waste (MSW) generated daily, of which the combustibles namely plastics, paper and textile waste represent 28%, and with the present generation rate, the landfill will be filled by 2012. The study was, therefore, initiated to assess the potential of power generation from refused derived fuels (RDF) from municipal solid waste (MSW) in order to reduce the dependency on fossil fuels. There are 336 tons which is equivalent to 12 tons/ h of RDF that can be generated daily from the MSW and this would generate 19.2 MW power. There will be 312 kg/ h of ash that would be generated and the NO x and SO 2 concentration were found to be 395.5 and 43.3 mg/ Nm 3 respectively. It was also found that the amount of non-biogenic CO 2 produced was 471 g/ kWhe. (author)

Natural gas -- introduction on the market as a motor fuel without tax reduction

International Nuclear Information System (INIS)

Seifert, M.; Weber, J.-C.

2001-01-01

This extensive article reviews the history of efforts being made to promote the use of gas as a motor fuel in Switzerland and the work done in various institutions in Europe and Switzerland on natural gas driven vehicles, from small cars up to full sized trucks and hybrid vehicles. The reduction of airborne pollution as a result of using natural gas is looked at and the certification of vehicles according to European and American standards is commented. The motor fuel taxing situation in Switzerland and various parliamentary initiatives calling for the reduction of taxes on more environmentally friendly fuels such as natural gas are discussed. The use of biogas as a tax-exempted motor fuel and the technology necessary for its refinement is examined and its potential assessed. Pilot and demonstration projects in the natural gas fuels area are described and the gas industry's activities in their promotion are discussed. The article is concluded by a look at today's fiscal and technical situation; future trends and developments on the market are also discussed

A Semianalytical Solution of the Fractional Derivative Model and Its Application in Financial Market

Directory of Open Access Journals (Sweden)

Lina Song

2018-01-01

Full Text Available Fractional differential equation has been introduced to the financial theory, which presents new ideas and tools for the theoretical researches and the practical applications. In the work, an approximate semianalytical solution of the time-fractional European option pricing model is derived using the method of combining the enhanced technique of Adomian decomposition method with the finite difference method. And then the result is introduced in China’s financial market. The work makes every effort to test the feasibility of the fractional derivative model in the actual financial market.

New developments in tire derived fuels (TDF)

Energy Technology Data Exchange (ETDEWEB)

Hawkins, G. [Portland Cement Association, Skokie, IL (United States)

2006-07-01

Portland cement is a mixture of finely ground raw materials that are processed in a rotary kiln heated to 1500 degrees C by various fuels. Cooled clinker from the kiln is ground into portland cement. This presentation provided an overview of the role that tire-derived fuels is now playing in cement manufacturing. Data on the extent of TDF use in cement manufacturing processes were presented, as well as the results of air emissions monitoring programs conducted to assess the environmental impacts of TDF. During the cement manufacturing process, shredded and chipped tires are blown into the kiln to provide fuel, while whole tires are placed in the midpoint of long dry or wet kilns. For preheater and precalciner kilns, whole tires are added to raw material entering the kiln. The kiln's controlled combustion environment ensures the complete destruction of scrap tires. Approximately 130 million scrap tires were recycled in Portland cement plants in 2003. Forty-four portland cement plants are currently using TDF in North America. The United States Department of Energy has estimated that TDF produces less carbon dioxide (CO{sub 2}) per unit of energy than coal. Monitoring programs at Portland cement plants have indicated that the use of TDF in place of coal has resulted in moderate reductions of nitrogen oxide (NO{sub x}) emissions, slightly lower sulfuric oxide (SO{sub 2}) emissions and moderate reductions in carbon monoxide (CO). Some plants have reported slight reductions in particulate matter (PM) emissions. It was concluded that the use of scrap tires as a fuel reduces a waste stream and contributes to energy and raw material requirements. Moreover, plant air emissions are either reduced or are not impacted by TDF use. refs., tabs., figs.

Climate consequences of low-carbon fuels: The United States Renewable Fuel Standard

International Nuclear Information System (INIS)

Hill, Jason; Tajibaeva, Liaila; Polasky, Stephen

2016-01-01

A common strategy for reducing greenhouse gas (GHG) emissions from energy use is to increase the supply of low-carbon alternatives. However, increasing supply tends to lower energy prices, which encourages additional fuel consumption. This “fuel market rebound effect” can undermine climate change mitigation strategies, even to the point where efforts to reduce GHG emissions by increasing the supply of low-carbon fuels may actually result in increased GHG emissions. Here, we explore how policies that encourage the production of low-carbon fuels may result in increased GHG emissions because the resulting increase in energy use overwhelms the benefits of reduced carbon intensity. We describe how climate change mitigation strategies should follow a simple rule: a low-carbon fuel with a carbon intensity of X% that of a fossil fuel must displace at least X% of that fossil fuel to reduce overall GHG emissions. We apply this rule to the United States Renewable Fuel Standard (RFS2). We show that absent consideration of the fuel market rebound effect, RFS2 appears to reduce GHG emissions, but once the fuel market rebound effect is factored in, RFS2 actually increases GHG emissions when all fuel GHG intensity targets are met. - Highlights: • Low-carbon fuels partially displace petroleum via fuel market rebound effect. • Synthesis of recent analyses shows incomplete petroleum displacement by biofuels. • Fuel market rebound effect can reduce or reverse climate benefit of low-carbon fuels. • Fossil fuel displacement must exceed relative carbon footprint of a low-carbon fuel. • The Renewable Fuel Standard increases greenhouse gas emissions when mandate is met.

Biofuels policy and the US market for motor fuels: Empirical analysis of ethanol splashing

Energy Technology Data Exchange (ETDEWEB)

Walls, W.D., E-mail: wdwalls@ucalgary.ca [Department of Economics, University of Calgary, 2500 University Drive NW, Calgary, Alberta, T2N 1N4 (Canada); Rusco, Frank; Kendix, Michael [US GAO (United States)

2011-07-15

Low ethanol prices relative to the price of gasoline blendstock, and tax credits, have resulted in discretionary blending at wholesale terminals of ethanol into fuel supplies above required levels-a practice known as ethanol splashing in industry parlance. No one knows precisely where or in what volume ethanol is being blended with gasoline and this has important implications for motor fuels markets: Because refiners cannot perfectly predict where ethanol will be blended with finished gasoline by wholesalers, they cannot know when to produce and where to ship a blendstock that when mixed with ethanol at 10% would create the most economically efficient finished motor gasoline that meets engine standards and has comparable evaporative emissions as conventional gasoline without ethanol blending. In contrast to previous empirical analyses of biofuels that have relied on highly aggregated data, our analysis is disaggregated to the level of individual wholesale fuel terminals or racks (of which there are about 350 in the US). We incorporate the price of ethanol as well as the blendstock price to model the wholesaler's decision of whether or not to blend additional ethanol into gasoline at any particular wholesale city-terminal. The empirical analysis illustrates how ethanol and gasoline prices affect ethanol usage, controlling for fuel specifications, blend attributes, and city-terminal-specific effects that, among other things, control for differential costs of delivering ethanol from bio-refinery to wholesale rack. - Research Highlights: > Low ethanol prices and tax credits have resulted in discretionary blending of ethanol into fuel supplies above required levels. > This has important implications for motor fuels markets and vehicular emissions. > Our analysis incorporates the price of ethanol as well as the blendstock price to model the wholesaler's decision of whether or not to blend additional ethanol into gasoline at any particular wholesale city

Biofuels policy and the US market for motor fuels: Empirical analysis of ethanol splashing

International Nuclear Information System (INIS)

Walls, W.D.; Rusco, Frank; Kendix, Michael

2011-01-01

Low ethanol prices relative to the price of gasoline blendstock, and tax credits, have resulted in discretionary blending at wholesale terminals of ethanol into fuel supplies above required levels-a practice known as ethanol splashing in industry parlance. No one knows precisely where or in what volume ethanol is being blended with gasoline and this has important implications for motor fuels markets: Because refiners cannot perfectly predict where ethanol will be blended with finished gasoline by wholesalers, they cannot know when to produce and where to ship a blendstock that when mixed with ethanol at 10% would create the most economically efficient finished motor gasoline that meets engine standards and has comparable evaporative emissions as conventional gasoline without ethanol blending. In contrast to previous empirical analyses of biofuels that have relied on highly aggregated data, our analysis is disaggregated to the level of individual wholesale fuel terminals or racks (of which there are about 350 in the US). We incorporate the price of ethanol as well as the blendstock price to model the wholesaler's decision of whether or not to blend additional ethanol into gasoline at any particular wholesale city-terminal. The empirical analysis illustrates how ethanol and gasoline prices affect ethanol usage, controlling for fuel specifications, blend attributes, and city-terminal-specific effects that, among other things, control for differential costs of delivering ethanol from bio-refinery to wholesale rack. - Research highlights: → Low ethanol prices and tax credits have resulted in discretionary blending of ethanol into fuel supplies above required levels. → This has important implications for motor fuels markets and vehicular emissions. → Our analysis incorporates the price of ethanol as well as the blendstock price to model the wholesaler's decision of whether or not to blend additional ethanol into gasoline at any particular wholesale city-terminal. �

Developing the market for natural gas and biogas as a vehicle fuel on a regional level (MADEGASCAR)

Energy Technology Data Exchange (ETDEWEB)

Emmerling, Bettina; Jellinek, Reinhard (Austrian Energy Agency (Austria)); Baumgartner, Birgit (Graz Energy Agency, Graz (Austria))

2009-07-01

Although natural gas as a car fuel is a more environmentally clean alternative to gasoline or diesel and gas is considerable cheaper and much safer than other fuels, costumers are still suspicious of alternative fuels and vehicles. The main reasons are a lack of awareness and information on the consumer side, as well as a low information and acceptance level among car dealers and service stations. Therefore the MADEGASCAR project directly addresses major barriers by specific actions. The project MADEGASCAR (Market development for gas driven cars including supply and distribution of biogas), co-funded by the Intelligent Energy Europe programme of the European commission, aims at developing the market for natural gas vehicles by addressing target groups at the demand side (private car owners, fleet managers) as well as strengthening the supply and distribution infrastructure for Compressed Natural Gas (CNG) and Natural Gas Vehicles (NGVs) municipalities, car dealers, owners of fuel stations, natural gas and biogas suppliers) in 10 participating partner countries. The Unique Selling Point of the MADEGASCAR project is deployment in several regional areas instead of sole basic research. Country specific action plans, which are developed and implemented in the project, will have direct impact on regional markets but also affect car manufacturers and national regulations, resulting in long term changes. The main ambition of the MADEGASCAR project is to increase the number of gas vehicles in the partner regions by 50%.

Energy recovery from municipal solid waste by refuse derived fuel production in Malaysia

International Nuclear Information System (INIS)

Sanaz Saheri; Noorezlin Ahmad Baseri; Masoud Aghajani Mir; Malmasi Saeed

2010-01-01

Energy recovery from municipal solid waste (MSW) is so beneficial both for the energy and for the positive environmental implications. Mainly related to the saving of primary energy derived from fossil fuel. Malaysia as a fast growing population country has the average amount of municipal solid waste (MSW) generated around 0.5-0.8 kg/person/day and it has been increased to 1.7 kg/person/day in major cities. Regarding characterization exercise, the main parts of the Malaysian MSW were found to be food, paper and plastic, which made up almost 80 % of the waste by weight. Furthermore, the average moisture content of the MSW was about 55 %, making incineration a challenging mission. In addition waste sectors in Malaysia contributes to 1.3 million ton of CH 4 compare to total CH 4 emission which is 2.2 MT. In order to overcome waste problem considering other technical, environmental and economical methods seems to be necessarily. Resource recovery centers recovers the maximum proportion of recyclable and recoverable resources from the mixed municipal solid waste .The resource recovery process itself is one of the step-by-step segregation and elimination of all non-combustibles , and separation of the combustibles in the desired form of fuel for good combustion. Then, a further mechanical separation process converts combustible materials to refuse derived fuel (RDF) with moisture content between 20 and 30 % and an average calorific fuel value of about 3450 kcal/kg. So, the aim of this paper is taking into account resource recovery from waste using refuse derived fuel as a secondary resource with regarding advantages and disadvantages of this kind of energy production in Malaysia as a developing country. (author)

Economy and the fuel market

International Nuclear Information System (INIS)

1994-01-01

The nuclear fuel manufacturing constitutes a considerable venture for the competitiveness of the nuclear power sector although it represents a relatively modest fraction (around 4%) of the nuclear kWh cost. The COGEMA group is participating through its branches in the control of the most part (32%) of the world manufacturing capacity of fuel for PWR. Amounting up to 242 operating installations this reactor type is the most widespread in the world. The paper discusses the costs, the fuel clients and the fuel suppliers. Data concerning the boiling water and fast neutron reactors, geographical localization of the PWR and VVER reactors all over the world, the PWR and fuel for PWR manufacturers are also presented

The Analysis of Prospects for Derivatives Market Development in Ukraine in View of Solving the Problems of its Normative Legal Regulation

Directory of Open Access Journals (Sweden)

Kolodizev Oleg M.

2016-02-01

Full Text Available The increased uncertainty in the country’s economy, impossibility of raising capital only by standard financial instruments substantiated the need for such financial innovations as derivatives. The relevance of the suggested topic is justified by the lack of strong legislative framework regulating the market of derivative financial instruments, as well as by significant demand for them in Ukraine. The aim of the article is to analyze the development level of the normative and legal field of trade in the derivatives market as well as the quality of the formed system of main indicators for derivatives trading in Ukraine. The paper identifies the problem, which could be neutralized through the use of derivative financial instruments. The volume and structure of the world and domestic derivatives markets have been analyzed. Based on the analysis of the legal field of regulating the market of derivative financial instruments as well as statistical analysis of its volume and structure, the reasons for the low activity in the considered market have been justified and recommendations to improve the current situation proposed.

Development of OTM Syngas Process and Testing of Syngas Derived Ultra-clean Fuels in Diesel Engines and Fuel Cells

Energy Technology Data Exchange (ETDEWEB)

E.T. Robinson; John Sirman; Prasad Apte; Xingun Gui; Tytus R. Bulicz; Dan Corgard; John Hemmings

2005-05-01

This final report summarizes work accomplished in the Program from January 1, 2001 through December 31, 2004. Most of the key technical objectives for this program were achieved. A breakthrough material system has lead to the development of an OTM (oxygen transport membrane) compact planar reactor design capable of producing either syngas or hydrogen. The planar reactor shows significant advantages in thermal efficiency and a step change reduction in costs compared to either autothermal reforming or steam methane reforming with CO{sub 2} recovery. Syngas derived ultra-clean transportation fuels were tested in the Nuvera fuel cell modular pressurized reactor and in International Truck and Engine single cylinder test engines. The studies compared emission and engine performance of conventional base fuels to various formulations of ultra-clean gasoline or diesel fuels. A proprietary BP oxygenate showed significant advantage in both applications for reducing emissions with minimal impact on performance. In addition, a study to evaluate new fuel formulations for an HCCI engine was completed.

First Significant Digits and the Credit Derivative Market During the Financial Crisis

Directory of Open Access Journals (Sweden)

Paul Hofmarcher

2013-06-01

Full Text Available The Credit Default Swap (CDS market has both been lauded for its ability to stabilize the financial system through credit risk transfers and been the source of regulatory concern due to its size and lack of transparency. As a decentralized over-the-counter market, detailed information about pricing mechanisms is rather scarce. To investigate reported CDS prices (spreads more closely, we make use of empirical First Significant Digit (FSD distributions and analyze daily CDS prices for European and US entities during the financial crisis starting in 2007. We find that on a time-aggregated level, the European and US markets obey empirical FSD distributions similar to the theoretical ones. Surprising differences are observed in the development of the FSD distributions between the US and European markets. Whereas the FSD distribution of the US derivative market behaves nearly constantly during the last financial crisis, we find huge fluctuations in the FSD distribution of the European market. One reason for these differences might be the possibility of strategic default for US companies due to Chapter 11 and avoided contagion effects.

A critical view on temperature modelling for application in weather derivatives markets

International Nuclear Information System (INIS)

Šaltytė Benth, Jūratė; Benth, Fred Espen

2012-01-01

In this paper we present a stochastic model for daily average temperature. The model contains seasonality, a low-order autoregressive component and a variance describing the heteroskedastic residuals. The model is estimated on daily average temperature records from Stockholm (Sweden). By comparing the proposed model with the popular model of Campbell and Diebold (2005), we point out some important issues to be addressed when modelling the temperature for application in weather derivatives market. - Highlights: ► We present a stochastic model for daily average temperature, containing seasonality, a low-order autoregressive component and a variance describing the heteroskedastic residuals. ► We compare the proposed model with the popular model of Campbell and Diebold (2005). ► Some important issues to be addressed when modelling the temperature for application in weather derivatives market are pointed out.

From a fuel supplier to an active participant: Shell's view of the opportunities offered by a changing power market

International Nuclear Information System (INIS)

Nyhan, J.

1998-01-01

In the last 10 years, the power generation market has seen radical changes. The coming years will see yet more change. Although the pace of change may be uneven across Europe, it is clear that the old reference points for the power generation market are no longer valid. Along with other market players, Shell has re-evaluated the role it wishes to play in the power generation market. Although it has long operated large generation capacity on its own sites, Shell's role has been that of a fuel supplier to monopoly power generation and distribution organizations, which were largely state controlled . Privatization and liberalization have been followed by changing market structures tending to push risk towards the producer. This evolution presents challenges for the normal IPP structure, where market risk is transferred and offers an opportunity for the active participation of the fuel supplier in meeting these challenges. In 1996, Shell decided to embrace the changes in power generation market. Already, significant steps have been taken in markets in Asia, Latin America and in Europe. The differing requirements of each of these markets means there are no standard solutions and requires Shell to devise flexible frameworks which meet the customer's needs. Shell is bringing its significant strengths to the power generation market and looks forward to participating on a world wide scale in the industry at this exciting phase in its development

A life cycle assessment of pennycress (Thlaspi arvense L.) -derived jet fuel and diesel

International Nuclear Information System (INIS)

Fan, Jiqing; Shonnard, David R.; Kalnes, Tom N.; Johnsen, Peter B.; Rao, Serin

2013-01-01

Field Pennycress (Thlaspi arvense L.) is a member of the mustard family and may be grown as a winter crop between traditional summer crops to produce renewable biomass for renewable diesel and jet fuel. This paper estimated total annual biofuel production potential of 15 million cubic metres from rotation between corn and soybeans on 16.2 million hectares in the Midwest without impact on food production. This study also investigated the life cycle greenhouse gas (GHG) emissions and energy balance of pennycress-derived Hydroprocessed Renewable Jet (HRJ) fuel and Renewable Diesel (RD). Both system expansion and allocation approaches were applied to distribute environmental impacts among products and co-products along the life cycle of each biofuel. The life cycle GHG emissions (excluding land use change) for RD and HRJ range from 13 to 41 g MJ −1 (CO 2 eq.) and −18 to 45 g MJ −1 (CO 2 eq.), respectively, depending on how the co-products are credited. The majority of the energy required for each biofuel product is derived from renewable biomass as opposed to non renewable fossil. The fossil energy consumptions are considerably lower than the petroleum fuels. Scenario analyses were also conducted to determine response to model assumptions, including nitrogen fertilizer application rate, nitrogen content in crop residues, and sources of H 2 . The results show that pennycress derived biofuels could qualify as advanced biofuels and as biomass-based diesel as defined by the Renewable Fuels Standard (RFS2). -- Highlights: ► Estimated total pennycress derived biofuel production potential of 15 GL y −1 ► Rotation between corn and soybeans without impact on food production. ► The GHG of RD and HRJ show over 50% of reductions compared to petroleum baseline. ► The majority of the energy required is from renewable biomass. ► The fossil energy consumptions are considerably lower than the petroleum fuels

The Behaviour of Small Investors in the Hong Kong Derivatives Markets: A Factor Analysis

Directory of Open Access Journals (Sweden)

Tai-Yuen Hon

2012-12-01

Full Text Available This paper investigates the behaviour of small investors in Hong Kong’s derivatives markets. The study period covers the global economic crisis of 2011- 2012, and we focus on small investors’ behaviour during and after the crisis. We attempt to identify and analyse the key factors that capture their behaviour in derivatives markets in Hong Kong. The data were collected from 524 respondents via a questionnaire survey. Exploratory factor analysis was employed to analyse the data, and some interesting findings were obtained. Our study enhances our understanding of behavioural finance in the setting of an Asian financial centre, namely Hong Kong.

An Economic Model of Brazil’s Ethanol-Sugar Markets and Impacts of Fuel Policies

NARCIS (Netherlands)

Drabik, D.; Gorter, de H.; Just, D.R.; Timilsina, G.R.

2014-01-01

We develop an economic model of flex plants, export demands and two domestic fuel demand curves: E25, a 25 percent blend of ethanol with gasoline consumed by conventional cars, and E100, ethanol consumed only by flex cars. This allows us to analyze the market impacts of specific policies, namely the

Present supply and demand on the world uranium market and decision of the nuclear fuel cycle policy

International Nuclear Information System (INIS)

Zhang Luqing

1994-01-01

The present supply and demand relationship on the world uranium market due to the change of international situation in the last years is described and the falling price on the world uranium market is estimated. It is pointed out that the falling price would continue for a long time. Based on it the three different policy decisions on the back-end of nuclear fuel cycle are analysed

Production and Optimization of Direct Coal Liquefaction derived Low Carbon-Footprint Transportation Fuels

Energy Technology Data Exchange (ETDEWEB)

Steven Markovich

2010-06-30

This report summarizes works conducted under DOE Contract No. DE-FC26-05NT42448. The work scope was divided into two categories - (a) experimental program to pretreat and refine a coal derived syncrude sample to meet transportation fuels requirements; (b) system analysis of a commercial scale direct coal liquefaction facility. The coal syncrude was derived from a bituminous coal by Headwaters CTL, while the refining study was carried out under a subcontract to Axens North America. The system analysis included H{sub 2} production cost via six different options, conceptual process design, utilities requirements, CO{sub 2} emission and overall plant economy. As part of the system analysis, impact of various H{sub 2} production options was evaluated. For consistence the comparison was carried out using the DOE H2A model. However, assumptions in the model were updated using Headwaters database. Results of Tier 2 jet fuel specifications evaluation by the Fuels & Energy Branch, US Air Force Research Laboratory (AFRL/RZPF) located at Wright Patterson Air Force Base (Ohio) are also discussed in this report.

Fossil fuel derivatives with reduced carbon. Phase I final report

Energy Technology Data Exchange (ETDEWEB)

Kennel, E.B.; Zondlo, J.W.; Cessna, T.J.

1999-06-30

This project involves the simultaneous production of clean fossil fuel derivatives with reduced carbon and sulfur, along with value-added carbon nanofibers. This can be accomplished because the nanofiber production process removes carbon via a catalyzed pyrolysis reaction, which also has the effect of removing 99.9% of the sulfur, which is trapped in the nanofibers. The reaction is mildly endothermic, meaning that net energy production with real reductions in greenhouse emissions are possible. In Phase I research, the feasibility of generating clean fossil fuel derivatives with reduced carbon was demonstrated by the successful design, construction and operation of a facility capable of utilizing coal as well as natural gas as an inlet feedstock. In the case of coal, for example, reductions in CO{sub 2} emissions can be as much as 70% (normalized according to kilowatts produced), with the majority of carbon safely sequestered in the form of carbon nanofibers or coke. Both of these products are value-added commodities, indicating that low-emission coal fuel can be done at a profit rather than a loss as is the case with most clean-up schemes. The main results of this project were as follows: (1) It was shown that the nanofiber production process produces hydrogen as a byproduct. (2) The hydrogen, or hydrogen-rich hydrocarbon mixture can be consumed with net release of enthalpy. (3) The greenhouse gas emissions from both coal and natural gas are significantly reduced. Because coal consumption also creates coke, the carbon emission can be reduced by 75% per kilowatt-hour of power produced.

The nature of the derivative market transactions traded in the Johannesburg securities exchange

Directory of Open Access Journals (Sweden)

Tankiso Moloi

2014-10-01

Full Text Available The main objective of the study was to assess and understand the nature of derivative products traded in the Johannesburg Securities Exchange (JSE by analysing daily transactions consisting of deals and contracts concluded, as well as notional values of derivatives traded in the review period. Analysed data found that the South African derivative market continues to grow and evolve with the consistent introduction of new derivative products such as the “can do” derivatives, IDX derivatives that are now being traded at the JSE. The evolvement and growth is confirmed by the fact that the total derivative deals in the JSE has also grown by 16.6% (CAGR from 2006. The study further found that the equity index remains the largest derivative for both options and futures

Performance effects of coal-derived contaminants on the carbonate fuel cell

Energy Technology Data Exchange (ETDEWEB)

Pigeaud, A. [Energy Research Corp., Danbury, CT (United States); Wilemski, G. [Physical Sciences, Inc., Andover, MA (United States)

1993-05-01

Coal-derived contaminant studies have been pursued at ERC since the early 1980`s when the pace of carbonate fuel cell development began to markedly increase. Initial work was concerned with performance effects on laboratory and bench-scale carbonate fuel cells primarily due to sulfur compounds. Results have now also been obtained with respect to nine additional coal-gas contaminants, including volatile trace metal species. Thermochemical calculations, out-of-cell experiments, and cell performance as well as endurance testshave recently been conducted which have involved the following species: NH{sub 3}, H{sub 2}S [COS], HCl, AsH{sub 3}[As{sub 2}(v)], Zn(v), Pb(v), Cd(v), H{sub 2} Se, Hg(v), Sn(v). Employing thermochemically calculated results, thermogravimetric (TGA) and pre-, and post-test analytical data as well as fuel cell performance observations, it has been shown that there are four main mechanisms of contaminant interaction with the carbonate fuel cell. These have been formulated into performance models for six significant contaminant species, thus providing long-term endurance estimations.

Performance effects of coal-derived contaminants on the carbonate fuel cell

Energy Technology Data Exchange (ETDEWEB)

Pigeaud, A. (Energy Research Corp., Danbury, CT (United States)); Wilemski, G. (Physical Sciences, Inc., Andover, MA (United States))

1993-01-01

Coal-derived contaminant studies have been pursued at ERC since the early 1980's when the pace of carbonate fuel cell development began to markedly increase. Initial work was concerned with performance effects on laboratory and bench-scale carbonate fuel cells primarily due to sulfur compounds. Results have now also been obtained with respect to nine additional coal-gas contaminants, including volatile trace metal species. Thermochemical calculations, out-of-cell experiments, and cell performance as well as endurance testshave recently been conducted which have involved the following species: NH[sub 3], H[sub 2]S [COS], HCl, AsH[sub 3][As[sub 2](v)], Zn(v), Pb(v), Cd(v), H[sub 2] Se, Hg(v), Sn(v). Employing thermochemically calculated results, thermogravimetric (TGA) and pre-, and post-test analytical data as well as fuel cell performance observations, it has been shown that there are four main mechanisms of contaminant interaction with the carbonate fuel cell. These have been formulated into performance models for six significant contaminant species, thus providing long-term endurance estimations.

Wood fuels sources and markets

International Nuclear Information System (INIS)

Koopmans, Auke

2003-01-01

Biomass energy is an important source of energy in most Asian countries. Households and industries use substantial amounts of fuel wood, charcoal and other biomass energy, such as agricultural residues, dung, leaves and sawmill residues. The main household applications are cooking and heating whereas industrial applications range widely. This paper provides an overview of estimates on the production and trade of biomass fuels in the South-east Asia region. The flows and channels used in the supply of wood fuels in different countries were analysed. This paper may help in identifying policy gaps with regards to the supply and consumption of wood fuels from both forest and non-forest sources. (Author)

Status and promise of fuel cell technology

Energy Technology Data Exchange (ETDEWEB)

Williams, M.C. [National Energy Technology Lab., Pittsburgh, PA (United States). Dept. of Energy

2001-09-01

The niche or early entry market penetration by ONSI and its phosphoric acid fuel cell technology has proven that fuel cells are reliable and suitable for premium power and other opportunity fuel niche market applications. Now, new fuel cell technologies - solid oxide fuel cells, molten carbonate fuel cells, and polymer electrolyte fuel cells - are being developed for near-term distributed generation shortly after 2003. Some of the evolving fuel cell systems are incorporating gas turbines in hybrid configurations. The combination of the gas turbine with the fuel cell promises to lower system costs and increase efficiency to enhance market penetration. Market estimates indicate that significant early entry markets exist to sustain the initially high cost of some distributed generation technologies. However, distributed generation technologies must have low introductory first cost, low installation cost, and high system reliability to be viable options in competitive commercial and industrial markets. In the long-term, solid state fuel cell technology with stack costs under $100/kilowatt (kW) promises deeper and wider market penetration in a range of applications including a residential, auxillary power, and the mature distributed generation markets. The solid state energy conversion alliance (SECA) with its vision for fuel cells in 2010 was recently formed to commercialize solid state fuel cells and realize the full potential of the fuel cell technology. Ultimately, the SECA concept could lead to megawatt-size fuel-cell systems for commercial and industrial applications and Vision 21 fuel cell turbine hybrid energy plants in 2015. (orig.)

Well-to-wheel life cycle assessment of transportation fuels derived from different North American conventional crudes

International Nuclear Information System (INIS)

Rahman, Md. Mustafizur; Canter, Christina; Kumar, Amit

2015-01-01

Highlights: • Development of data-intensive bottom-up life cycle assessment model. • Quantification of well-to-wheel GHG emissions for five North American crudes. • Allocation of emissions to transportation fuels (gasoline, diesel, and jet fuel). • California’s Kern County heavy oil is the most GHG intensive of the crudes. - Abstract: A life cycle assessment (LCA) is an extremely useful tool to assess the greenhouse gas (GHG) emissions associated with all the stages of a crude oil’s life from well-to-wheel (WTW). All of the WTW life cycle stages of crude oil consume energy and produce significant amounts of GHG emissions. The present study attempts to quantify the WTW life cycle GHG emissions for transportation fuels derived from five North American conventional crudes through the development of an LCA model called FUNNEL-GHG-CCO (FUNdamental Engineering PrinciplEs-based ModeL for Estimation of GreenHouse Gases in Conventional Crude Oils). This model estimates GHG emissions from all the life cycle stages from recovery of crude to the combustion of transportation fuels in vehicle engines. The contribution of recovery emissions in the total WTW GHG emissions ranges from 3.12% for Mars crude to 24.25% for California’s Kern County heavy oil. The transportation of crude oil and refined fuel contributes only 0.44–1.73% of the total WTW life cycle GHG emissions, depending on the transportation methods and total distance transported. The GHG emissions for refining were calculated from the amount of energy use in the refining of crude oil to produce transportation fuels. All the upstream GHG emissions were allocated to gasoline, diesel, and jet fuel. Refining GHG emissions vary from 13.66–18.70 g-CO 2 eq/MJ-gasoline, 9.71–15.33 g-CO 2 eq/MJ-diesel, and 6.38–9.92 g-CO 2 eq/MJ-jet fuel derived from Alaska North Slope and California’s Kern County heavy oil, respectively. The total WTW life cycle GHG emissions range from 97.55 g-CO 2 eq

Evaluation of the trading development in the Iberian Energy Derivatives Market

International Nuclear Information System (INIS)

Capitán Herráiz, Álvaro; Rodríguez Monroy, Carlos

2012-01-01

The efficiency of the Iberian Energy Derivatives Market in its first five and a half years is assessed in terms of volume, open interest and price. The continuous market shows steady liquidity growth. Its volume is strongly correlated to that of the Over The Counter (OTC) market, the amount of market makers, the enrolment of financial agents and generation companies belonging to the integrated group of last resort suppliers, and the OTC cleared volume in its clearing house. The hedging efficiency, measured through the ratio between the final open interest and the cleared volume, shows the lowest values for the Spanish base load futures as they are the most liquid contracts. The ex-post forward risk premium has diminished due to the learning curve and the effect of the fixed price retributing the indigenous coal fired generation. This market is quite less developed than the European leaders headquartered in Norway and Germany. Enrolment of more traders, mainly international energy companies, financial agents, energy intensive industries and renewable generation companies is desired. Market monitoring reports by the market operator providing post-trade transparency, OTC data access by the energy regulator, and assessment of the regulatory risk can contribute to efficiency gains. - Highlights: ► The continuous traded volumes in the Iberian power futures market grow steadily. ► Those volumes are correlated to OTC volumes and the enrolment of key players. ► Most liquid contracts show the smallest hedging ratio. ► Regulation fixing the coal fired generation price affects spot and forward prices. ► The overall efficiency can grow via market monitoring reports and OTC data access.

Refuse derived fuel potential in DKI Jakarta

Science.gov (United States)

Widyatmoko, H.

2018-01-01

Combustible waste fractions of municipal solid waste (MSW) which can not be easily separated or sorted, reused or recycled, may have a high calorifiv value (CV) that can be used in a fuel for energy recovery. The objective of this study was to explore the Refuse Derived Fuel (RDF) potential of municipal solid waste from DKI Jakarta to produce electricity and to promote it to be socially and politically acceptable. For this purpose, 24 sampels of RDF were taken from Bantargebang, cabonized, molded and pressed to be briquette. All samples were analized for moisture, ash, and calorific value in the physical and chemistry Laboratory of ITB Bandung. The analysis of calorific value (CV) shows the CV difference of 1815.8 cal/g between the briquettes (8051.25 cal/g) and the RDF (9867.12 cal/g. The total waste DKI which can be used as briquettes 5253 ton / day or equivalent with 49154115 kWh / day. If the efficiency of electricity production from RDF was 25%, then Jakarta is able to generate electricity from RDF of 12288529 kWh / day or as much as energy needed by 573,480 middle-class households with energy needs of 642.84 kWh/month.

California's Low-Carbon Fuel Standard - Compliance Trends

Science.gov (United States)

Witcover, J.; Yeh, S.

2013-12-01

Policies to incentivize lower carbon transport fuels have become more prevalent even as they spark heated debate over their cost and feasibility. California's approach - performance-based regulation called the Low Carbon Fuel Standard (LCFS) - has proved no exception. The LCFS aims to achieve 10% reductions in state transport fuel carbon intensity (CI) by 2020, by setting declining annual CI targets, and rewarding fuels for incremental improvements in CI beyond the targets while penalizing those that fail to meet requirements. Even as debate continues over when new, lower carbon fuels will become widely available at commercial scale, California's transport energy mix is shifting in gradual but noticeable ways under the LCFS. We analyze the changes using available data on LCFS fuels from the California Air Resources Board and other secondary sources, beginning in 2011 (the first compliance year). We examine trends in program compliance (evaluated through carbon credits and deficits generated), and relative importance of various transport energy pathways (fuel types and feedstocks, and their CI ratings, including new pathways added since the program's start). We document a roughly 2% decline in CI for gasoline and diesel substitutes under the program, with compliance achieved through small shifts toward greater reliance on fuels with lower CI ratings within a relatively stable amount of transport energy derived from alternatives to fossil fuel gasoline and diesel. We also discuss price trends in the nascent LCFS credit market. The results are important to the broader policy debate about transportation sector response to market-based policies aimed at reducing the sector's greenhouse gas emissions.

Conference Innovations in Derivatives Market : Fixed Income Modeling, Valuation Adjustments, Risk Management, and Regulation

CERN Document Server

Grbac, Zorana; Scherer, Matthias; Zagst, Rudi

2016-01-01

This book presents 20 peer-reviewed chapters on current aspects of derivatives markets and derivative pricing. The contributions, written by leading researchers in the field as well as experienced authors from the financial industry, present the state of the art in: • Modeling counterparty credit risk: credit valuation adjustment, debit valuation adjustment, funding valuation adjustment, and wrong way risk. • Pricing and hedging in fixed-income markets and multi-curve interest-rate modeling. • Recent developments concerning contingent convertible bonds, the measuring of basis spreads, and the modeling of implied correlations. The recent financial crisis has cast tremendous doubts on the classical view on derivative pricing. Now, counterparty credit risk and liquidity issues are integral aspects of a prudent valuation procedure and the reference interest rates are represented by a multitude of curves according to their different periods and maturities. A panel discussion included in the book (featuring D...

Effects of coal-derived trace species on performance of molten carbonate fuel cells. Final report

Energy Technology Data Exchange (ETDEWEB)

1992-05-01

The Carbonate Fuel Cell is a very promising option for highly efficient generation of electricity from many fuels. If coal-gas is to be used, the interactions of coal-derived impurities on various fuel cell components need to be understood. Thus the effects on Carbonate Fuel Cell performance due to ten different coal-derived contaminants viz., NH{sub 3}, H{sub 2}S, HC{ell}, H{sub 2}Se, AsH{sub 3}, Zn, Pb, Cd, Sn, and Hg, have been studied at Energy Research Corporation. Both experimental and theoretical evaluations were performed, which have led to mechanistic insights and initial estimation of qualitative tolerance levels for each species individually and in combination with other species. The focus of this study was to investigate possible coal-gas contaminant effects on the anode side of the Carbonate Fuel Cell, using both out-of-cell thermogravimetric analysis by isothermal TGA, and fuel cell testing in bench-scale cells. Separate experiments detailing performance decay in these cells with high levels of ammonia contamination (1 vol %) and with trace levels of Cd, Hg, and Sn, have indicated that, on the whole, these elements do not affect carbonate fuel cell performance. However, some performance decay may result when a number of the other six species are present, singly or simultaneously, as contaminants in fuel gas. In all cases, tolerance levels have been estimated for each of the 10 species and preliminary models have been developed for six of them. At this stage the models are limited to isothermal, benchscale (300 cm{sup 2} size) single cells. The information obtained is expected to assist in the development of coal-gas cleanup systems, while the contaminant performance effects data will provide useful basic information for modeling fuel cell endurance in conjunction with integrated gasifier/fuel-cell systems (IGFC).

Annex 34 : task 1 : analysis of biodiesel options : biomass-derived diesel fuels : final report

Energy Technology Data Exchange (ETDEWEB)

McGill, R [Oak Ridge National Laboratory, TN (United States); Aakko-Saksa, P; Nylund, N O [TransEnergy Consulting Ltd., Helsinki (Finland)

2009-06-15

Biofuels are derived from woody biomass, non-woody biomass, and organic wastes. The properties of vegetable oil feedstocks can have profound effects on the properties of the finished biodiesel product. However, all biodiesel fuels have beneficial effects on engine emissions. This report discussed the use of biodiesel fuels as replacements for part of the diesel fuel consumed throughout the world. Biodiesel fuels currently being produced from fatty acid esters today were reviewed, as well as some of the more advanced diesel replacement fuels. The report was produced as part of the International Energy Agency (IEA) Advanced Motor Fuels (AMF) Implementing Agreement Annex 34, and was divided into 14 sections: (1) an introduction, (2) biodiesel and biomass, (3) an explanation of biodiesel, (4) properties of finished biodiesel fuels, (5) exhaust emissions of finished biodiesel fuels and blends, (6) life-cycle emissions and energy, (7) international biodiesel (FAME) technical standards and specifications, (8) growth in production and use of biodiesel fuels, (9) biofuel refineries, (10) process technology, (11) development and status of biorefineries, (12) comparison of options to produce biobased diesel fuels, (13) barriers and gaps in knowledge, and (14) references. 113 refs., 37 tabs., 74 figs.

Competitiveness in oil derivatives distribution in Brazil; A concorrencia na distribuicao de combustiveis petroliferos no Brasil

Energy Technology Data Exchange (ETDEWEB)

Carneiro, Flavio Henrique Rodrigues [Rio Grande do Norte Univ., Natal, RN (Brazil). Programa de Recursos Humanos da ANP para o Setor Petroleo e Gas, PRH-36]. E-mail: falavios@uol.com.br

2003-07-01

The aim of this paper is understanding the stimulus given for the Federal government, since the opening of the oil derivatives market, to improve the prices and services competitiveness among the fuel distributing companies in Brazil. The text establishes a confrontation between articles from national press on the subject and the general directives given by brazilian law doctrine. The sources of investigation have been caught in national periodicals and magazines of national circulation in the period from 1999 until 2002. The paper is divided in three parts. The first one presents the Brazilian's fuel distributing historical; the second analyses the free competition in fuel distributing realm in Brazil; and the last one argues the possibilities of forming a free competitive market in the national fuel distributing realm. (author)

CO-COMBUSTION OF REFUSE DERIVED FUEL WITH COAL IN A FLUIDISED BED COMBUSTOR

Directory of Open Access Journals (Sweden)

W. A. WAN AB KARIM GHANI

2009-03-01

Full Text Available Power generation from biomass is an attractive technology which utilizes municipal solid waste-based refused derived fuel. In order to explain the behavior of biomass-fired fluidized bed incinerator, biomass sources from refuse derived fuel was co-fired with coal in a 0.15 m diameter and 2.3 m high fluidized bed combustor. The combustion efficiency and carbon monoxide emissions were studied and compared with those from pure coal combustion. This study proved that the blending effect had increased the carbon combustion efficiency up to 12% as compared to single MSW-based RDF. Carbon monoxide levels fluctuated between 200-1600 ppm were observed when coal is added. It is evident from this research that efficient co-firing of biomass with coal can be achieved with minimum modification of existing coal-fired boilers.

Market possibilities for biofuels

International Nuclear Information System (INIS)

Hektor, B.

1992-01-01

The market for biofuels in Sweden after introduction of a proposed CO 2 -tax on fossil fuels is forecast. The competition between biofuels, fossil fuels and electricity is described for important market segments such as: Paper industry, Sawmills, Other energy-intensive industry, Power and heat producers, small Heat producers, and for Space heating of one-family houses. A market increase of the use of biofuels is probable for the segment small (district) heating centrals, 10 TWh in the next ten year period and even more during a longer period. Other market segments will not be much affected. An increased use of biofuels in paper and pulp industry will not influence the fuel market, since the increase will happen in the industry's normal lumber purchase. (2 figs., 18 tabs.)

Canadian fuel cell commercialization roadmap update : progress of Canada's hydrogen and fuel cell industry

International Nuclear Information System (INIS)

Filbee, S.; Karlsson, T.

2009-01-01

Hydrogen and fuel cells are considered an essential part of future low-carbon energy systems for transportation and stationary power. In recognition of this, Industry Canada has worked in partnership with public and private stakeholders to provide an update to the 2003 Canadian Fuel Cell Commercialization Roadmap to determine infrastructure requirements for near-term markets. The update includes technology and market developments in terms of cost and performance. This presentation included an overview of global hydrogen and fuel cell markets as background and context for the activities of the Canadian industry. Approaches toward commercial viability and mass market success were also discussed along with possible scenarios and processes by which these mass markets could develop. Hydrogen and fuel cell industry priorities were outlined along with recommendations for building a hydrogen infrastructure

The long way to a series product - Euphoric prognoses on the market launch of fuel cells damped

International Nuclear Information System (INIS)

Schmid, W.

2002-01-01

This article discusses the delays being encountered in the introduction of fuel cells into various application areas and the work that is still to be done before this technology breaks through into the market. The situation in the space-heating / decentralised power generation segment is examined, where a large amount of work still has to be done before such fuel cell units attain the status of everyday domestic appliances. The situation in the combined heat and power (CHP) segment in Germany is discussed, where local utilities are working together with fuel cell manufacturers within the framework of field trails of domestic fuel cell appliances. The setting-up of 'virtual power stations' - a network of remote-controlled distributed fuel-cell CHP units - is discussed and the chances for the success of applications for miniaturised fuel cells in consumer goods such as cameras and mobile telephones is examined. The situation in the automobile industry, where the introduction of fuel cell applications in vehicles is also suffering delays, is looked at. Also, the production of hydrogen for use in the fuel cells is examined

Fuel Cell and Hydrogen Technology Validation | Hydrogen and Fuel Cells |

Science.gov (United States)

NREL Fuel Cell and Hydrogen Technology Validation Fuel Cell and Hydrogen Technology Validation The NREL technology validation team works on validating hydrogen fuel cell electric vehicles; hydrogen fueling infrastructure; hydrogen system components; and fuel cell use in early market applications such as

Bringing fuel cells to reality and reality to fuel cells: A systems perspective on the use of fuel cells

International Nuclear Information System (INIS)

Saxe, Maria

2008-10-01

The hopes and expectations on fuel cells are high and sometimes unrealistically positive. However, as an emerging technology, much remains to be proven and the proper use of the technology in terms of suitable applications, integration with society and extent of use is still under debate. This thesis is a contribution to the debate, presenting results from two fuel cell demonstration projects, looking into the introduction of fuel cells on the market, discussing the prospects and concerns for the near-term future and commenting on the potential use in a future sustainable energy system. Bringing fuel cells to reality implies finding near-term niche applications and markets where fuel cell systems may be competitive. In a sense fuel cells are already a reality as they have been demonstrated in various applications world-wide. However, in many of the envisioned applications fuel cells are far from being competitive and sometimes also the environmental benefit of using fuel cells in a given application may be questioned. Bringing reality to fuel cells implies emphasising the need for realistic expectations and pointing out that the first markets have to be based on the currently available technology and not the visions of what fuel cells could be in the future. The results from the demonstration projects show that further development and research on especially the durability for fuel cell systems is crucial and a general recommendation is to design the systems for high reliability and durability rather than striving towards higher energy efficiencies. When sufficient reliability and durability are achieved, fuel cell systems may be introduced in niche markets where the added values presented by the technology compensate for the initial high cost

Voluntary Truck and Bus Fuel-Economy-Program marketing plan. Final technical report, September 29, 1980-January 29, 1982

Energy Technology Data Exchange (ETDEWEB)

None

1982-01-01

The aim of the program is to improve the utilization of fuel by commercial trucks and buses by updating and implementing specific approaches for educating and monitoring the trucking industry on methods and means of conserving fuels. The following outlines the marketing plan projects: increase use of program logo by voluntary program members and others; solicit trade publication membership and support; brief Congressional delegations on fuel conservation efforts; increase voluntary program presence before trade groups; increase voluntary program presence at truck and trade shows; create a voluntary program display for use at trade shows and in other areas; review voluntary program graphics; increase voluntary program membership; and produce placemats carrying fuel conservation messages; produce a special edition of Fuel Economy News, emphasizing the driver's involvement in fuel conservation; produce posters carrying voluntary program fuel conservation message. Project objectives, activities, and results for each project are summarized.

CO2-free hydrogen as a substitute to fossil fuels: What are the targets? Prospective assessment of the hydrogen market attractiveness

International Nuclear Information System (INIS)

Mansilla, C.; Avril, S.; Imbach, J.; Le Duigou, A.

2012-01-01

Hydrogen is usually presented as a promising energy carrier that has a major role to play in low carbon mobility, through the use of fuel cells. However, such a market is not expected in the short term. In the meantime, hydrogen may also contribute to reduce carbon emissions in diverse sectors: oil refining, low carbon mobility through the industrial deployment of advanced bio-fuels, natural gas consumption, and methanol production. According to the targeted market, objective costs are rather different; and so is the reachable mitigated CO 2 amount. This paper assesses the dynamics of these markets' attractiveness, in order to provide target costs for CO 2 -free hydrogen production. The potential of the markets of hydrogen as a fuel and hydrogen for the biomass-to-liquid production is highlighted, as they could represent significant volumes by 2050, as well as interesting perspectives for CO 2 emission reduction. However the targets are very sensitive to the CO 2 price, thus highlighting the requirement for economic instruments in order to facilitate the penetration of such technologies. Hydrogen is then highlighted as a key player of the energy system in the years to come, as the connection of the energy and mobility sectors. (authors)

Time for Stability in Derivatives Markets – a New Look at Central Counterparty Clearing for Securities Markets

OpenAIRE

Thorsten V. Koeppl

2011-01-01

The recent financial crisis has driven many plans for improving the stability and resilience of the global financial system. One concept, managing the risk of default in securities or financial derivatives markets through central counterparties, receives scrutiny in this report. The author examines the role centralized clearing parties could play in improving system resilience. These centralized clearing parties are institutions that interpose themselves between counterparties in financial tr...

Three Essays on Renewable Energy Policy and its Effects on Fossil Fuel Generation in Electricity Markets

Science.gov (United States)

Bowen, Eric

In this dissertation, I investigate the effectiveness of renewable policies and consider their impact on electricity markets. The common thread of this research is to understand how renewable policy incentivizes renewable generation and how the increasing share of generation from renewables affects generation from fossil fuels. This type of research is crucial for understanding whether policies to promote renewables are meeting their stated goals and what the unintended effects might be. To this end, I use econometric methods to examine how electricity markets are responding to an influx of renewable energy. My dissertation is composed of three interrelated essays. In Chapter 1, I employ recent scholarship in spatial econometrics to assess the spatial dependence of Renewable Portfolio Standards (RPS), a prominent state-based renewable incentive. In Chapter 2, I explore the impact of the rapid rise in renewable generation on short-run generation from fossil fuels. And in Chapter 3, I assess the impact of renewable penetration on coal plant retirement decisions.

System and market study of bio-methane (SNG) from bio fuels; System- och marknadsstudie foer biometan (SNG) fraan biobraenslen

Energy Technology Data Exchange (ETDEWEB)

Valleskog, Martin (CMV Konsult (Sweden)); Marbe, Aasa; Colmsjoe, Linda (Grontmij AB (Sweden))

2008-07-01

This study has examined whether the use of SNG produced from biofuels can constitute an alternative use for biofuel. Gasification technologies are studied: pressurized gasification with oxygen/steam, indirect gasification and hydrogen gasification. The objective of the project is to make a reasonable valuation of the production of SNG and through a market-study see if biofuel-based SNG can be an alternative to competing fuels. The report also discusses the supply and price of biofuels in Sweden. This use was 112 TWh in 2005 and assessed potential in year 2025 is 187 TWh. Biofuel prices show an upward trend and system of incentives affect the development of the biofuels market and price. The main incentives are electricity certificate system, energy and environmental taxes and emissions trading. Current energy and climate policies in Sweden and EU are expected to increase demand for biofuels and thus likely the prices. Increased volumes of waste tend to reduce pressure on the demand for biofuels generally. SNG is compared with natural gas and with other uses for biofuels and other competing fuels, depending on the application. The economic analysis has been conducted for three different cost levels in fuels and incentives, namely the year 2007, scenario in 2012 and scenario in 2020. The economics of SNG is evaluated for the three above-mentioned scenarios, both with respect to its cost of production, and in which market the SNG used (cogeneration, heating, industry and the automotive market). A sensitivity analysis has been conducted on the following parameters: fuel prices, electricity prices, the cost of emissions, taxes and investment. The results show that SNG is not a finished product available on the market today why additional support is required to make SNG competitive so that investment in production is stimulated. The production cost of SNG is between 380 - 410 SEK/MWh and necessary support is estimated to amount to 150 - 200 SEK/MWh on the basis of the

Fierce competition in the US fabrication market

International Nuclear Information System (INIS)

Schwartz, M.H.; Supko, E.M.

1996-01-01

The US fuel fabrication market has a clear international presence, but a future in which there is presently no expectation of growth in requirements. This market continues to be characterised by annual production capacity significantly exceeding current and anticipated fuel fabrication requirements, resulting in an extremely competitive market for LWR fuel fabrication services. (UK)

Why has the introduction of natural gas vehicles failed in Germany?—Lessons on the role of market failure in markets for alternative fuel vehicles

International Nuclear Information System (INIS)

Peters von Rosenstiel, Dirk; Heuermann, Daniel F.; Hüsig, Stefan

2015-01-01

Despite private investments exceeding two billion Euros and tax incentives of more than 500 million Euros, the market share of natural gas vehicles (NGVs) in Germany has lagged far behind expectations and behind market developments in other countries. With total cost of ownership being on average lower for NGVs than for gasoline and diesel vehicles this raises the question of the existence of market failure in the German NGV-market. We use a case study approach where we combine quantitative data with insights from a multi-industry expert panel and in-depth interviews with experts from industry, government and civil society in order to examine whether and how different types of market failure contribute to the status quo in the German market for NGVs. We conclude that coordination failure in complementary markets, an artificially created monopoly of service stations at motorways, imperfect information, bounded consumer rationality, and principle-agent-problems are the most prominent market failures inhibiting the development of a functioning market for NGVs. Our results are instructive for the design of effective public policies and investor strategies aiming to create markets for alternative fuel vehicles. - Highlights: • We analyze market failure in the German market for natural gas vehicles. • Coordination failure is the most important reason for market failure to arise. • Minor factors: regulatory deficits, imperfect information, bounded rationality. • Policies encompass stabilizing expectations and supporting actor coordination. • Our results are instructive for policies and investor strategies in AFV-markets

Fuel mix diversification incentives in liberalized electricity markets: A Mean-Variance Portfolio theory approach

International Nuclear Information System (INIS)

Roques, Fabien A.; Newbery, David M.; Nuttall, William J.

2008-01-01

Monte Carlo simulations of gas, coal and nuclear plant investment returns are used as inputs of a Mean-Variance Portfolio optimization to identify optimal base load generation portfolios for large electricity generators in liberalized electricity markets. We study the impact of fuel, electricity, and CO 2 price risks and their degree of correlation on optimal plant portfolios. High degrees of correlation between gas and electricity prices - as observed in most European markets - reduce gas plant risks and make portfolios dominated by gas plant more attractive. Long-term power purchase contracts and/or a lower cost of capital can rebalance optimal portfolios towards more diversified portfolios with larger shares of nuclear and coal plants

Fuel mix diversification incentives in liberalized electricity markets: A Mean-Variance Portfolio theory approach

Energy Technology Data Exchange (ETDEWEB)

Roques, F.A.; Newbery, D.M.; Nuffall, W.J. [University of Cambridge, Cambridge (United Kingdom). Faculty of Economics

2008-07-15

Monte Carlo simulations of gas, coal and nuclear plant investment returns are used as inputs of a Mean-Variance Portfolio optimization to identify optimal base load generation portfolios for large electricity generators in liberalized electricity markets. We study the impact of fuel, electricity, and CO{sub 2} price risks and their degree of correlation on optimal plant portfolios. High degrees of correlation between gas and electricity prices - as observed in most European markets - reduce gas plant risks and make portfolios dominated by gas plant more attractive. Long-term power purchase contracts and/or a lower cost of capital can rebalance optimal portfolios towards more diversified portfolios with larger shares of nuclear and coal plants.

Assessment of the competing technologies to fuel cells in the stationary power and CHP markets

Energy Technology Data Exchange (ETDEWEB)

Pears, T.J.

1999-07-01

This report summarises the results of a study assessing the commercial technologies that are likely to compete with fuel cells in the fields of stationary power and cogeneration markets. The competing technologies examined include clean coal technologies, reciprocating engines, gas turbines, microturbines, and stirling engines. Energy and environmental legislation, and the ranking of the competing technologies are discussed. (UK)

Fuels and chemicals from biomass using solar thermal energy

Science.gov (United States)

Giori, G.; Leitheiser, R.; Wayman, M.

1981-01-01

The significant nearer term opportunities for the application of solar thermal energy to the manufacture of fuels and chemicals from biomass are summarized, with some comments on resource availability, market potential and economics. Consideration is given to the production of furfural from agricultural residues, and the role of furfural and its derivatives as a replacement for petrochemicals in the plastics industry.

Co-firing a pressurized fluidized-bed combustion system with coal and refuse derived fuels and/or sludges. Task 16

Energy Technology Data Exchange (ETDEWEB)

DeLallo, M.; Zaharchuk, R.

1994-01-01

The co-firing of waste materials with coal in utility scale power plants has emerged as an effective approach to produce energy and manage municipal waste. Leading this approach, the atmospheric fluidized-bed combustor (AFBC) has demonstrated its commercial acceptance in the utility market as a reliable source of power burning a variety of waste and alternative fuels. The fluidized bed, with its stability of combustion, reduces the amount of thermochemical transients and provides for easier process control. The application of pressurized fluidized-bed combustor (PFBC) technology, although relatively new, can provide significant enhancements to the efficient production of electricity while maintaining the waste management benefits of AFBC. A study was undertaken to investigate the technical and economic feasibility of co-firing a PFBC with coal and municipal and industrial wastes. Focus was placed on the production of electricity and the efficient disposal of wastes for application in central power station and distributed locations. Wastes considered for co-firing include municipal solid waste (MSW), tire-derived fuel (TDF), sewage sludge, and industrial de-inking sludge. Issues concerning waste material preparation and feed, PFBC operation, plant emissions, and regulations are addressed. This paper describes the results of this investigation, presents conclusions on the key issues, and provides recommendations for further evaluation.

LDC gas buyers adjusting to vastly changed market

International Nuclear Information System (INIS)

Share, J.

1997-01-01

In a just-released study, RKS Research and Consulting reported that while power and gas marketing firms may become key players in the deregulated energy business, few of their customers and seeing a national leader emerge. The report said while 75% of large customers interviewed already use energy marketers, only 25% evidence a clear understanding of these firms' skills and product /offerings. The study found that the energy users considered reliable energy supply, service dependability and quality/reliability of fuel sources their top three criteria and apply that to utilities and energy marketing firms. The marketers may offer some unique services, such as a commanding market presence, fuel diversity, skill in using financial derivatives and record of successful risk management, but those offerings are generally at the bottom of the list that energy users use when considering power and gas marketers, the study said. What does this all mean to the gas utilities, both in terms of buying supplies as well as providing gas against their newly emerging competitors? The author asked gas buyers from five LDCs to discuss the challenges they face in doing their jobs today. Their comments are relevant because it is not only an example of a new way of doing business, but is also indicative of the choices and problems one will endure in buying energy in an increasingly deregulated environment. And remember this: the utilities are still the predominant buyers of gas

Alternate-Fueled Combustion-Sector Emissions

Science.gov (United States)

Saxena, Nikita T.; Thomas, Anna E.; Shouse, Dale T.; Neuroth, Craig; Hendricks, Robert C.; Lynch, Amy; Frayne, Charles W.; Stutrud, Jeffrey S.; Corporan, Edwin; Hankins, Terry

2012-01-01

In order to meet rapidly growing demand for fuel, as well as address environmental concerns, the aviation industry has been testing alternate fuels for performance and technical usability in commercial and military aircraft. Currently, alternate aviation fuels must satisfy MIL-DTL- 83133F(2008) (military) or ASTM D 7566- Annex(2011) (commercial) standards and are termed drop-in fuel replacements. Fuel blends of up to 50% alternative fuel blended with petroleum (JP-8), which have become a practical alternative, are individually certified on the market. In order to make alternate fuels (and blends) a viable option for aviation, the fuel must be able to perform at a similar or higher level than traditional petroleum fuel. They also attempt to curb harmful emissions, and therefore a truly effective alternate fuel would emit at or under the level of currently used fuel. This paper analyzes data from gaseous and particulate emissions of an aircraft combustor sector. The data were evaluated at various inlet conditions, including variation in pressure and temperature, fuel-to-air ratios, and percent composition of alternate fuel. Traditional JP-8+100 data were taken as a baseline, and blends of JP- 8+100 with synthetic-paraffinic-kerosene (SPK) fuel (Fischer-Tropsch (FT)) were used for comparison. Gaseous and particulate emissions, as well as flame luminosity, were assessed for differences between FT composition of 0%, 50%, and 100%. The data showed that SPK fuel (a FT-derived fuel) had slightly lower harmful gaseous emissions, and smoke number information corroborated the hypothesis that SPK-FT fuels are cleaner burning fuels.

Final Project Closeout Report for Sprint Hydrogen Fuel Cell (HFC) Deployment Project in California, Gulf Coast and Eastern Seaboard Markets

Energy Technology Data Exchange (ETDEWEB)

Kenny, Kevin [Sprint, Reston, VA (United States); Bradley, Dwayne [Burns & McDonnell, Kansas City, MO (United States)

2015-09-01

Sprint is one of the telecommunications industry leaders in the deployment of hydrogen fuel cell (HFC) systems to provide backup power for their mission critical wireless network facilities. With several hundred fuel cells commissioned in California, states in the gulf coast region, and along the upper eastern seaboard. A strong incentive for advancing the integration of fuel cells into the Sprint network came through the award of a Department of Energy (DOE) grant focused on Market Transformation activities for project (EE0000486). This grant was funded by the 2009 American Recovery and Reinvestment Act (ARRA). The funding provided by DOE ($7.295M) was allocated to support the installation of 260 new HFC systems, equipped with an on-site refillable Medium Pressure Hydrogen Storage Solution (MPHSS), as well as for the conversion of 21 low pressure hydrogen systems to the MPHSS, in hopes of reducing barriers to market acceptance.

Characterization of pyrolytic oil obtained from pyrolysis of TDF (Tire Derived Fuel)

International Nuclear Information System (INIS)

Banar, Müfide; Akyıldız, Vildan; Özkan, Aysun; Çokaygil, Zerrin; Onay, Özlem

2012-01-01

Highlights: ► We pyrolyzed Tire Derived Fuel (TDF) at different heating rates and temperatures. ► We determine convenient pyrolysis temperature for pyrolytic oil. ► The product can be used as fuel for combustion system in industry. ► TDF pyrolysis is advisable recycling system because of low hazardous constituents. - Abstract: In recent years, waste utilization before disposing to the land is the most important point about waste management. Due to the increasing emphasis on recycling, related to the two European Commission Directives (EC End of Life Vehicle Directive, EC Waste Landfill Directive) affecting the management of waste tires, there is interest in the development of alternative technologies for recycling waste tires. One of them is pyrolysis. For this purpose, a fixed bed reactor was used to pyrolysis of Tire Derived Fuel (TDF) at the temperatures of 350, 400, 450, 500, 550 and 600 °C with the heating rates of 5 and 35 °C/min. The maximum pyrolytic oil yield (38.8 wt.%) was obtained at 400 °C with 5 °C/min heating rate. The yield of pyrolytic oil decreased with increasing pyrolysis temperatures whereas the yield of gases increased. The fuel properties of the pyrolytic oil including higher heating value (HHV), elemental composition, flash point, viscosity, distillation and density were determined. Pyrolytic oil was characterized by fourier transform infrared spectroscopy (FT-IR), hydrogen nuclear magnetic resonance spectroscopy ( 1 H NMR) and gas chromatography–mass spectroscopy (GC–MS) techniques and also, the amount of polychlorinated dibenzodioxins/polychlorinated dibenzofurans (PCDDs/PCDFs) and congener distribution characteristics were studied for determination of environmental effects. It was seen that the pyrolytic oils have similar fuel properties with the diesel. It was also found that pyrolytic oil contained 0.00118 I-TEQs/g at very low level. Finally, the pyrolytic oil can be evaluated for energy recovery according to Regulation

The making of a market. Supply- and demand-side perspectives on institutional innovation in Sweden's wood fuel use

International Nuclear Information System (INIS)

2001-01-01

This thesis documents and analyses the rapidly increasing wood fuel use in Sweden in five separate studies of prominent actors in the making of the wood fuel market. These studies report government policy, forest owners' incentives, and district heating companies' experiences. The development of wood fuel use is examined as a story of technological and institutional change initially prompted by government policy. The change has involved dedicated action among all of the actors, with the Swedish government initiating new policies, legislation, and information activities, with district heating companies investing in new technology and trading, and with forest owners making new decisions on forest management practices. Institutional change in the wood fuel sector, in other words, is the result of innovation on the part of the actors involved. The papers included in the study identify and analyse concerns of the actors involved in making the wood fuel market. Within the district heating sector, transaction costs, as measured by problems to trade perceived by managements, have decreased with learning. Transformation costs, due to technical problems, are not perceived to have followed this trend. Technical investments in heat production have a long technical life time and demand large investment costs. This in turn means long planning and decision periods. Investments are made for a number of company-specific reasons, perhaps most importantly simply to increase heat and/or electricity generation capacity. Policy instruments may tip a decision in favor of wood fuels, but they could not be the single parameter determining company investments. Two kinds of forest owners selling wood fuels were identified, a forest manager type who acts more on his/her own initiative, and another kind, who relies more on the advice of the traditional timber buyer. Forest owners selling wood fuels contemplating whether to sell wood fuels or not are strongly influenced by soil fertility

Synthesis of high density aviation fuel with cyclopentanol derived from lignocellulose

Science.gov (United States)

Sheng, Xueru; Li, Ning; Li, Guangyi; Wang, Wentao; Yang, Jinfan; Cong, Yu; Wang, Aiqin; Wang, Xiaodong; Zhang, Tao

2015-03-01

For the first time, renewable high density aviation fuels were synthesized at high overall yield (95.6%) by the Guerbet reaction of cyclopentanol which can be derived from lignocellulose, followed by the hydrodeoxygenation (HDO). The solvent-free Guerbet reaction of cyclopentanol was carried out under the co-catalysis of solid bases and Raney metals. Among the investigated catalyst systems, the combinations of magnesium-aluminium hydrotalcite (MgAl-HT) and Raney Ni (or Raney Co) exhibited the best performances. Over them, high carbon yield (96.7%) of C10 and C15 oxygenates was achieved. The Guerbet reaction products were further hydrodeoxygenated to bi(cyclopentane) and tri(cyclopentane) over a series of Ni catalysts. These alkanes have high densities (0.86 g mL-1 and 0.91 g mL-1) and can be used as high density aviation fuels or additives to bio-jet fuel. Among the investigated HDO catalysts, the 35 wt.% Ni-SiO2-DP prepared by deposition-precipitation method exhibited the highest activity.

Wood fuels utilization in Central Europe - the wood fuels consumption and the targets of utilization

International Nuclear Information System (INIS)

Alakangas, E.

1999-01-01

Following subjects are discussed in this presentation: The share of bioenergy of the total energy consumption in EU region; the wood fuels consumption in EU region in 1995; the division of bioenergy utilization (households, wood- based district heating, wood consumption in industry, power generation from wood and residues, biofuels, biogas and sludges); wood fuels consumption in households in EU countries in 1995; wood consumption in France; the additional wood fuel consumption potential in France; Blan bois - wood energy program; French wood energy markets; German wood energy markets; energy consumption in Germany; wood consumption in Bavaria; the wood fuels potential in Bavaria; wood fuels consumption in households in Bavaria; wood fuels consumption for district heating in Bavaria; fuel prices in Bavaria; Environmental regulations in Germany; small boiler markets in Germany; Energy consumption in Austria; small-scale utilization of wood fuels; utilization of wood energy. (Slides, additional information from the author)

Eastern Europe's market role

International Nuclear Information System (INIS)

Schreiber, K.F.

1991-01-01

Until the late 1980s, trade in nuclear fuel between market economy countries and those with planned economies was limited. The exception to this was in the enrichment market across Western Europe during the 1970s. Most of the nuclear generating plants in the Soviet Union and Eastern Europe are light water reactors needing enriched uranium. Under the fuel supply agreements with Eastern Europe, the Soviet Union has provided all of the regions' enrichment services, and therefore it has developed the only enrichment facilities. Techsnabexport (TENEX), the USSR foreign trade organization for the nuclear fuel cycle, first appeared in the early 1970s. It was as an alternative supplier to the US government, which had a monopoly in the West regarding enrichment. In 1986 the USSR entered and soon dominated the spot market for enrichment. Political changes in Eastern Europe at the end of 1989 and throughout 1990 opened the nuclear fuel market even wider. In 1990 the USSR began allowing exports of concentrates, as well as enriched product, and a free flow of trade to the Western market is now developing for both enrichment and uranium. (author)

Economic analysis of direct hydrogen PEM fuel cells in three near-term markets

International Nuclear Information System (INIS)

Mahadevan, K.; Stone, H.; Judd, K.; Paul, D.

2007-01-01

Direct hydrogen polymer electrolyte membrane fuel cells (H-PEMFCs) offer several near-term opportunities including backup power applications in state and local agencies of emergency response; forklifts in high throughput distribution centers; and, airport ground support equipment. This paper presented an analysis of the market requirements for introducing H-PEMFCs successfully, as well as an analysis of the lifecycle costs of H-PEMFCs and competing alternatives in three near-term markets. It also used three scenarios as examples of the potential for market penetration of H-PEMFCs. For each of the three potential opportunities, the paper presented the market requirements, a lifecycle cost analysis, and net present value of the lifecycle costs. A sensitivity analysis of the net present value of the lifecycle costs and of the average annual cost of owning and operating each of the H-PEMFC opportunities was also conducted. It was concluded that H-PEMFC-powered pallet trucks in high-productivity environments represented a promising early opportunity. However, the value of H-PEMFC-powered forklifts compared to existing alternatives was reduced for applications with lower hours of operation and declining labor rates. In addition, H-PEMFC-powered baggage tractors in airports were more expensive than battery-powered baggage tractors on a lifecycle cost basis. 9 tabs., 4 figs

The importance of new delayed coking units in he fuel market; A importancia das novas unidade de coqueamento retardado no mercado de combustiveis

Energy Technology Data Exchange (ETDEWEB)

Moreira, Fabricia S. [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Programa de Recursos Humanos 13; Seidl, Peter R.; Guimaraes, Maria Jose O.C. [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil)

2008-07-01

The increase in production of heavier oils and the recent changes in the demand for petroleum derivatives requires modifications in refining schemes of Brazilian refineries, which were originally projected for processing light oils and production of mainly gasoline by fluid catalytic cracking units. This is necessary because forecasts indicate a larger increase in demand for diesel oil instead of gasoline. These same forecasts reveal an expressive reduction in the demand for fuel oil, which still is produced in large amounts in Brazilian refineries due to the quality of the oils from local fields that are processed. The current challenge for the local oil industry is to adapt the present refineries to produce more valuable derivatives from heavy oils. For this purpose, PETROBRAS is investing in the construction of conversion units with technology for processing heavier feeds, especially in the Delayed Coking process. This work has as an objective to identify the importance of the delayed coke units in the current scenario of the oil industry, highlighting the main investments in construction of new units and evaluating the impact of the existing units on the market for petroleum derivatives. (author)

Novel polybenzimidazole derivatives for high temperature polymer electrolyte membrane fuel cell applications

Science.gov (United States)

Xiao, Lixiang

Recent advances have made polymer electrolyte membrane fuel cells (PEMFCs) a leading alternative to internal combustion engines for both stationary and transportation applications. In particular, high temperature polymer electrolyte membranes operational above 120°C without humidification offer many advantages including fast electrode kinetics, high tolerance to fuel impurities and simple thermal and water management systems. A series of polybenzimidazole (PBI) derivatives including pyridine-based PBI (PPBI) and sulfonated PBI (SPBI) homopolymers and copolymers have been synthesized using polyphosphoric acid (PPA) as both solvent and polycondensation agent. High molecular weight PBI derivative polymers were obtained with well controlled backbone structures in terms of pyridine ring content, polymer backbone rigidity and degree of sulfonation. A novel process, termed the PPA process, has been developed to prepare phosphoric acid (PA) doped PBI membranes by direct-casting of the PPA polymerization solution without isolation or re-dissolution of the polymers. The subsequent hydrolysis of PPA to PA by moisture absorbed from the atmosphere usually induced a transition from the solution-like state to a gel-like state and produced PA doped PBI membranes with a desirable suite of physiochemical properties characterized by the PA doping levels, mechanical properties and proton conductivities. The effects of the polymer backbone structure on the polymer characteristics and membrane properties, i.e., the structure-property relationships of the PBI derivative polymers have been studied. The incorporation of additional basic nitrogen containing pyridine rings and sulfonic acid groups enhanced the polymer solubility in acid and dipolar solvents while retaining the inherently high thermal stability of the PBI heteroaromatic backbone. In particular, the degradation of the SPBI polymers with reasonable high molecular weights commenced above 450°C, notably higher than other

Agricultural policies and biomass fuels

Science.gov (United States)

Flaim, S.; Hertzmark, D.

The potentials for biomass energy derived from agricultural products are examined. The production of energy feedstocks from grains is discussed for the example of ethanol production from grain, with consideration given to the beverage process and the wet milling process for obtaining fuel ethanol from grains and sugars, the nonfeedstock costs and energy requirements for ethanol production, the potential net energy gain from ethanol fermentation, the effect of ethanol fuel production on supplies of protein, oils and feed and of ethanol coproducts, net ethanol costs, and alternatives to corn as an ethanol feedstock. Biomass fuel production from crop residues is then considered; the constraints of soil fertility on crop residue removal for energy production are reviewed, residue yields with conventional practices and with reduced tillage are determined, technologies for the direct conversion of cellulose to ethanol and methanol are described, and potential markets for the products of these processes are identified. Implications for agricultural policy of ethanol production from grain and fuel and chemical production from crop residues are also discussed.

Nuclear fuel strategies

International Nuclear Information System (INIS)

Rippon, S.

1989-01-01

The paper reports on two international meetings on nuclear fuel strategies, one organised by the World Nuclear Fuel Market in Seville (Spain) October 1988, and the other organised by the American and European nuclear societies in Washington (U.S.A.) November 1988. At the Washington meeting a description was given of the uranium supply and demand market, whereas free trade in uranium was considered in Seville. Considerable concern was expressed at both meetings on the effect on the uranium and enrichment services market of very low prices for spot deals being offered by China and the Soviet Union. Excess enrichment capacity, the procurement policies of the USA and other countries, and fuel cycle strategies, were also discussed. (U.K.)

Market Barriers to Clean Cooking Fuels in Sub-Saharan Africa: A Review of Literature

Energy Technology Data Exchange (ETDEWEB)

Schlag, Nicolai; Zuzarte, Fiona

2008-04-15

In the developing nations of sub-Saharan Africa, providing households with modern energy services is a critical step towards development. A large majority of households in the region rely on traditional biomass fuels for cooking, which represent a significant proportion of energy used in the domestic setting. The disadvantages of these fuels are many: they are inefficient energy carriers and their heat is difficult to control; they produce dangerous emissions; and their current rate of extraction is not sustainable for forests. Transition to clean cooking fuels such as liquefied petroleum gas (LPG) or ethanol would resolve many of these issues as they do not produce dangerous particulate emissions, and are commercially viable, offering a number of socio-economic advantages over traditional options. Despite the benefits of fuel switching, clean cooking fuels are rarely used in households in sub-Saharan Africa. Their failure to attain widespread use can be attributed to a number of market barriers. One of the major issues is cost: clean cooking fuels are prohibitively expensive for many households, and the high price of compatible stoves further discourages their use. Besides the expense, many consumers are hesitant to adopt the new technology, reflecting the lack of public awareness of the relevant issues. At the same time, Africa's underdeveloped infrastructure prevents these fuels from being made available in many local marketplaces. To date, this combination of factors has largely stifled the transition to clean cooking fuels. National governments can adopt a number of strategies to address these issues. The creation of clean cooking-fuel initiatives at the national level would be an important first step, after which governments can begin to address the issues more effectively. The introduction of relevant financial instruments would help to tackle the economic barriers to clean cooking fuels, and public outreach and education could overcome socio

The integration of major fuel source markets in China. Evidence from panel cointegration tests

International Nuclear Information System (INIS)

Ma, Hengyun; Oxley, Les

2010-01-01

The paper tests for energy price co-movement in China over the 'new regime' as part of a strategy to test for the existence of a national energy market. Panel cointegration test statistics suggest that not all energy commodities are spatially homogenous in prices and the processes of energy price cointegration are different over time and over groups of fuels. The statistics demonstrate China's gradual, spatially partial and idiosyncratic energy reform process. Coal and electricity price series have co-moved since 2003, while the national panel cointegration test statistics suggest that gasoline and diesel price series have co-moved since 1997. Regional panel tests also show that there are apparently differences in the emergence of energy price co-movement. This suggests that regional energy markets have emerged in China. One of the important lessons of the research is that an energy market has, to some extent, already emerged in China and, as a consequence, energy prices are much less distorted than previously. If correct, this fact is of major global significance both in terms of future environmental effects and future trade and investment negotiations as China is seen internationally as a 'market driven economy'. (author)

Commercialization of proton exchange membrane (PEM) fuel cell technology

International Nuclear Information System (INIS)

Goel, N.; Pant, A.; Sera, G.

1995-01-01

The MCTTC performed a market assessment for PEM Fuel Cells for terrestrial applications for the Center for Space Power (CSP). The purpose of the market assessment was to gauge the market and commercial potential for PEM fuel cell technology. Further, the market assessment was divided into subsections of technical and market overview, competitive environment, political environment, barriers to market entry, and keys to market entry. The market assessment conducted by the MCTTC involved both secondary and primary research. The primary target markets for PEM fuel cells were transportation and utilities in the power range of 10 kW to 100 kW. The fuel cell vehicle market size was estimated under a pessimistic scenario and an optimistic scenario. The estimated size of the fuel cell vehicle market in dollar terms for the year 2005 is $17.3 billion for the pessimistic scenario and $34.7 billion for the optimistic scenario. The fundamental and applied research funded and conducted by the National Aeronautics and Space Administration (NASA) and DOE in the area of fuel cells presents an excellent opportunity to commercialize dual-use technology and enhance U.S. business competitiveness. copyright 1995 American Institute of Physics

Economics of Direct Hydrogen Polymer Electrolyte Membrane Fuel Cell Systems

Energy Technology Data Exchange (ETDEWEB)

Mahadevan, Kathyayani

2011-10-04

Battelle's Economic Analysis of PEM Fuel Cell Systems project was initiated in 2003 to evaluate the technology and markets that are near-term and potentially could support the transition to fuel cells in automotive markets. The objective of Battelle?s project was to assist the DOE in developing fuel cell systems for pre-automotive applications by analyzing the technical, economic, and market drivers of direct hydrogen PEM fuel cell adoption. The project was executed over a 6-year period (2003 to 2010) and a variety of analyses were completed in that period. The analyses presented in the final report include: Commercialization scenarios for stationary generation through 2015 (2004); Stakeholder feedback on technology status and performance status of fuel cell systems (2004); Development of manufacturing costs of stationary PEM fuel cell systems for backup power markets (2004); Identification of near-term and mid-term markets for PEM fuel cells (2006); Development of the value proposition and market opportunity of PEM fuel cells in near-term markets by assessing the lifecycle cost of PEM fuel cells as compared to conventional alternatives used in the marketplace and modeling market penetration (2006); Development of the value proposition of PEM fuel cells in government markets (2007); Development of the value proposition and opportunity for large fuel cell system application at data centers and wastewater treatment plants (2008); Update of the manufacturing costs of PEM fuel cells for backup power applications (2009).

Alcohol-fueled vehicles: An alternative fuels vehicle, emissions, and refueling infrastructure technology assessment

Energy Technology Data Exchange (ETDEWEB)

McCoy, G.A.; Kerstetter, J.; Lyons, J.K. [and others

1993-06-01

Interest in alternative motor vehicle fuels has grown tremendously over the last few years. The 1990 Clean Air Act Amendments, the National Energy Policy Act of 1992 and the California Clean Air Act are primarily responsible for this resurgence and have spurred both the motor fuels and vehicle manufacturing industries into action. For the first time, all three U.S. auto manufacturers are offering alternative fuel vehicles to the motoring public. At the same time, a small but growing alternative fuels refueling infrastructure is beginning to develop across the country. Although the recent growth in alternative motor fuels use is impressive, their market niche is still being defined. Environmental regulations, a key driver behind alternative fuel use, is forcing both car makers and the petroleum industry to clean up their products. As a result, alternative fuels no longer have a lock on the clean air market and will have to compete with conventional vehicles in meeting stringent future vehicle emission standards. The development of cleaner burning gasoline powered vehicles has signaled a shift in the marketing of alternative fuels. While they will continue to play a major part in the clean vehicle market, alternative fuels are increasingly recognized as a means to reduce oil imports. This new role is clearly defined in the National Energy Policy Act of 1992. The Act identifies alternative fuels as a key strategy for reducing imports of foreign oil and mandates their use for federal and state fleets, while reserving the right to require private and municipal fleet use as well.

Gas to fuel and chemicals: from technology to market

International Nuclear Information System (INIS)

2003-01-01

production of clean diesel.The environmental balance from the point of view of carbon dioxide emissions is less clear however. This section makes a comparison of CO 2 emissions for a GTL based process in comparison with the traditional refining route. The availability of natural gas reserves in many regions of the world along with the environmental attractiveness of using natural gas derived products and recovery of flared gas has resulted in a number of GTL projects being developed. After South Africa and Malaysia, projects in Qatar, Australia,Venezuela and Nigeria among others are under way or under development. These projects vary significantly in size, the type of products (fuels, special waxes and lube oils, petrochemicals) and cost of feedstock (recovered flare gas). A complete description of each project is provided. Contents: Executive Summary; 1- Introduction; 2 - Technology challenges: Introduction, Review of the GTL process chain, Synthesis gas production, Fischer-Tropsch synthesis, FT Product Upgrading, FT GTL Plant Efficiency, FT GTL Project Alliances, Areas for further development; 3 - Economic analysis Overview; Review of economic data: Capacity, Investment, Operating costs, Natural gas cost, incomes, Other factors, Synthesis, Economic analysis, Conclusions; 4 - Environmental analysis in terms of atmospheric emissions: Analysis 'from well to station', 'Well to Wheel' analysis, Conclusions 5 - Projects development: Overview, Natural gas availabilities, North and South America, Middle East, Asia, Africa / Europe / FSU; 6 - Conclusions; Annexes: GTL products slate and qualities; Trends in oil products quality; Gas oil / Diesel oil market trends; Major R and D program / Main company agreements

Analysis and modelling of the fuels european market; Analyse et modelisation des prix des produits petroliers combustibles en europe

Energy Technology Data Exchange (ETDEWEB)

Simon, V

1999-04-01

The research focus on the European fuel market prices referring to the Rotterdam and Genoa spot markets as well the German, Italian and French domestic markets. The thesis try to explain the impact of the London IPE future market on spot prices too. The mainstream research has demonstrated that co-integration seems to be the best theoretical approach to investigate the long run equilibrium relations. A particular attention will be devoted to the structural change in the econometric modelling on these equilibriums. A deep analysis of the main European petroleum products markets permit a better model specification concerning each of these markets. Further, we will test if any evidence of relations between spot and domestic prices could be confirmed. Finally, alternative scenarios will be depicted to forecast prices in the petroleum products markets. The objective is to observe the model reaction to changes crude oil prices. (author)

The world nuclear market and its prospects

International Nuclear Information System (INIS)

Anon.

2010-07-01

This market study of the nuclear industry presents: 1 - the dynamics of nuclear markets: organisation of the nuclear industry (fuel cycle, reactors), market analysis and key figures (uranium production, conversion and enrichment, fuel fabrication, reactor manufacturing, spent fuel reprocessing), strengths in presence and competition structure (companies ranking, market shares, positioning); 2 - nuclear renaissance and its basis: a suitable answer to the present day energy and environmental challenges (carbon-free energy and low volatility of fuel price), conjunction of favourable conditions (security of fuel supplies, political support, necessity of plants renewal), three main uncertainties (waste management, safety aspect, public opinion weight); 3 - perspectives of development at the 2030 prospects: data (scope of renaissance, market size), sector reconfiguration scenarios (evolution of competition, reconfiguration paths, concentration trend); 4 - analysis of the strategy of 13 companies, suppliers of the nuclear industry, with their key figures, positioning and strategy (production capacity, partnerships, external growth investments, new technical developments etc.). (J.S.)

Bio-fuels for diesel engines: Experience in Italy and Europe

International Nuclear Information System (INIS)

Rocchietta, C.

1992-01-01

With the aim of meeting stringent European Communities air pollution regulations, reducing the necessity of petroleum imports and creating new markets for agricultural products, Italy's Ferruzzi-Montedison Group is developing diesel engine fuels derived from vegetable oils. The innovative feature of these fuels, from the environmental protection stand-point, is that they don't contain any sulfur, the main cause of acid rain. This paper provides brief notes of the key chemical-physical properties of these diesel fuels, whose application doesn't require any modifications to diesel engines, and assesses the relative production technologies and commercialization prospects. Reference is made to the results of recent performance tests conducted on buses and taxis

The Nordic electric power market. A study of the market characteristics, price factors and the competitive environment of the Nordic power market

International Nuclear Information System (INIS)

Keskikallio, J.; Lindholm, J.

2003-06-01

The market price of power depends on the balance between energy supply and demand. This balance depends on several external factors: the hydrological situation, temperature, time, fuel prices and exchange rates, transmission capacity and congestion, business cycles, other weather-related factors (wind, sun etc.) There are interdependencies between the factors, but the greatest price effects are caused by changes in the hydrological situation (affects energy supply) and temperature (affects mainly demand). Transmission capacity is normally sufficient, especially between Sweden and Finland. When congestion occurs, the price effects may be drastic, due to differences between the countries in the energy production mix. Price areas with several other bordering price areas (Oslo) have the lowest price level. The Helsinki area has the highest price level over time. Congestion is more frequent between southern Sweden and Norway, which accounts for a major part of the difference between the Helsinki area price and the system price. Market concentration is very high in separate price areas, but only moderate for the Nordic market as a whole. Congestion automatically leads to a highly concentrated sub-market. Further market concentration should be avoided, and congestion management should be improved in order to ensure a functioning market. Our findings also included the fact that although power producers have increased their profits since the deregulation of the market, there were no conclusive evidence of market power abuse. A continued trend toward higher profits may change the situation in the future, as the possibility to take advantage of market power already exists. Transmission System Operators (TSO's) have a crucial role for ensuring a functioning power market. As the actions of the TSO may have adverse effects, they should be continuously monitored and subject to much tighter scrutiny than 'ordinary' energy companies. Issues have arisen from the TSO's trading of

Steam gasification of tyre waste, poplar, and refuse-derived fuel: A comparative analysis

International Nuclear Information System (INIS)

Galvagno, S.; Casciaro, G.; Casu, S.; Martino, M.; Mingazzini, C.; Russo, A.; Portofino, S.

2009-01-01

In the field of waste management, thermal disposal is a treatment option able to recover resources from 'end of life' products. Pyrolysis and gasification are emerging thermal treatments that work under less drastic conditions in comparison with classic direct combustion, providing for reduced gaseous emissions of heavy metals. Moreover, they allow better recovery efficiency since the process by-products can be used as fuels (gas, oils), for both conventional (classic engines and heaters) and high efficiency apparatus (gas turbines and fuel cells), or alternatively as chemical sources or as raw materials for other processes. This paper presents a comparative study of a steam gasification process applied to three different waste types (refuse-derived fuel, poplar wood and scrap tyres), with the aim of comparing the corresponding yields and product compositions and exploring the most valuable uses of the by-products

Market penetration analysis of fuel cell vehicles in Japan by using the energy system model MARKAL

International Nuclear Information System (INIS)

Endo, Eiichi

2007-01-01

The objective of the present work is to validate the hydrogen energy roadmap of Japan by analyzing the market penetration of fuel cell vehicles (FCVs) and the effects of a carbon tax using an energy system model of Japan based on MARKAL. The results of the analysis show that a hydrogen FCV would not be cost competitive until 2050 without a more severe carbon tax than the government's planned 2400 JPY/t-C carbon tax. However, as the carbon tax rate increases, instead of conventional vehicles including the gasoline hybrid electric vehicle, hydrogen FCVs gain market penetration earlier and more. By assuming a more severe carbon tax rate, such as 10 000 JPY/t-C, the market share of hydrogen FCVs approaches the governmental goal. This suggests that cheaper vehicle cost and hydrogen cost than those targeted in the roadmap should be attained or subsidies to hydrogen FCV and hydrogen refueling station will be necessary for achieving the goal of earlier market penetration. (author)

Techno-Economic Analysis of Camelina-Derived Hydroprocessed Renewable Jet Fuel and its Implications on the Aviation Industry

Science.gov (United States)

Shila, Jacob Joshua Howard

Although the aviation industry contributes toward global economic growth via transportation of passengers and cargo, the increasing demand for air transportation causes concern due to the corresponding increase in aircraft engine exhaust emissions. Use of alternative fuels is one pathway that has been explored for reducing emissions in the aviation industry. Hydroprocessed renewable jet (HRJ) (also known as Hydroprocessed Esters and Fatty Acids - HEFA) fuels have been approved for blending with traditional jet fuel up to 50% by volume to be used as drop-in fuels. However, limited information exists on the economic viability of these fuels. While techno-economic studies have been conducted on the HRJ production process using soybean oil, different vegetable oils possess different hydrocarbon structures that affect the yield of HRJ fuels. This study involves the techno-economic analysis of producing Camelina-derived HRJ fuel using the option of hydro-deoxygenation (HDO). The hydrodeoxygenation option requires extra hydrogen and hence affects the overall cost of HRJ fuel production. Similar studies have been conducted on the production of Camelina-derived HRJ fuels using the same path of hydrodeoxygenation with minor contributions from both decarbonylation and decarboxylation reactions. This study, however, employs the UOP Honeywell procedure using the hydrodeoxygenation chemical reaction to estimate the breakeven price of Camelina-derived HRJ fuel. In addition, the study treats the cultivation of Camelina oilseeds, extraction of oilseeds, and the conversion of HRJ fuel as separate entities. The production of Camelina oilseed, Camelina oil, and finally Camelina-derived HRJ fuel is modeled in order to estimate the breakeven price of the fuel. In addition, the information obtained from the techno-economic analysis is used to assess the breakeven carbon price. All costs are analyzed based on 2016 US dollars. The breakeven price of Camelina oilseeds is found to be 228

Biodiesel CO2 emissions: A comparison with the main fuels in the Brazilian market

International Nuclear Information System (INIS)

Coronado, Christian Rodriguez; de Carvalho, Joao Andrade Jr.; Silveira, Jose Luz

2009-01-01

The use of biodiesel is increasing as an attractive fuel due to the depleting fossil fuel resources and environmental degradation. This paper presents results of an investigation on the potentials of biodiesel as an alternative fuel and main substitute of diesel oil, comparing the CO 2 emissions of the main fuels in the Brazilian market with those of biodiesel, in pure form or blended in different proportions with diesel oil (2%, 5%, and 20%, called B2, B5, and B20, respectively). The results of the study are shown in ton CO 2 per m 3 and ton CO 2 per year of fuel. The fuels were analyzed considering their chemical composition, stoichiometric combustion parameters and mean consumption for a single vehicle. The fuels studied were: gasoline, diesel oil, anhydrous ethyl alcohol (anhydrous ethanol), and biodiesel from used frying oil and from soybean oil. For the case of biodiesel, its complete life cycle and the closed carbon cycle (photosynthesis) were considered. With data provided by the Brazilian Association of Automotive Vehicle Manufacturers (ANFAVEA) for the number of vehicles produced in Brazil, the emissions of CO 2 for the national fleet in 2007 were obtained per type of fuel. With data provided by the Brazilian Department of Transit (DENATRAN) concerning the number of diesel vehicles in the last five years in Brazil, the total CO 2 emissions and the percentage that they would decrease in the case of use of pure biodiesel, B100, or several mixtures, B2, B5 and B20, were calculated. Estimates of CO 2 emissions for a future scenario considering the mixtures B5 and B20 are also included in this article. (author)

Δ14C level of annual plants and fossil fuel derived CO2 distribution across different regions of China

International Nuclear Information System (INIS)

Xi, X.T.; Ding, X.F.; Fu, D.P.; Zhou, L.P.; Liu, K.X.

2013-01-01

The 14 C level in annual plants is a sensitive tracer for monitoring fossil fuel derived CO 2 in the atmosphere. Corn leave samples were selected from different regions of China, including high mountains in the Tibetan Plateau, grassland in Inner Mongolia, and inland and coastal cities during the summer of 2010. The 14 C/ 12 C ratio of the samples was measured with the NEC compact AMS system at the Institute of Heavy Ion Physics, Peking University. The fossil fuel derived CO 2 was estimated by comparing the measured Δ 14 C values of corn leave samples to background atmospheric Δ 14 C level. The influences of topography, meteorological conditions and carbon cycling processes on the fossil fuel derived CO 2 concentration are considered when interpreting the data. Our results show a clear association of the low Δ 14 C values with regions where human activities are intensive.

Economic evaluation and market analysis for natural gas utilization. Topical report

International Nuclear Information System (INIS)

Hackworth, J.H.; Koch, R.W.; Rezaiyan, A.J.

1995-04-01

During the past decade, the U.S. has experienced a surplus gas supply. Future prospects are brightening because of increased estimates of the potential size of undiscovered gas reserves. At the same time, U.S. oil reserves and production have steadily declined, while oil imports have steadily increased. Reducing volume growth of crude oil imports was a key objective of the Energy Policy Act of 1992. Natural gas could be an important alternative energy source to liquid products derived from crude oil to help meet market demand. The purpose of this study was to (1) analyze three energy markets to determine whether greater use could be made of natural gas or its derivatives and (2) determine whether those products could be provided on an economically competitive basis. The following three markets were targeted for possible increases in gas use: transportation fuels, power generation, and chemical feedstock. Gas-derived products that could potentially compete in these three markets were identified, and the economics of the processes for producing those products were evaluated. The processes considered covered the range from commercial to those in early stages of process development. The analysis also evaluated the use of both high-quality natural gas and lower-quality gases containing CO 2 and N 2 levels above normal pipeline quality standards

A perfect fuel supplier

International Nuclear Information System (INIS)

Terasvirta, R.

2008-01-01

WWER fuel market is dominated by the Russian fuel vendor JSC TVEL. There have been attempts to open up the market also for other suppliers, such as BNFL/Westinghouse for Finland, Czech Republic, and Ukraine. However, at the moment it seems that JSC TVEL is the only real alternative to supply fuel to WWER reactors. All existing fuel suppliers have certified quality management systems which put a special emphasis on the customer satisfaction. This paper attempts to define from the customer's point of view, what are the important issues concerning the customer satisfaction. (author)

Data feature: Fuel procurement

International Nuclear Information System (INIS)

Anon.

1994-01-01

This document is a review of the effect of fuel costs on the procurement strategies of a utility and a conjecture that the same strategies may have an effect on the price of fuel. Factors affecting fuel costs are reviewed, and a number of procurement strategies taken to trim fuel costs are reviewed. The major trend is away from long-term enrichment contracts and into such strategies as: (1) Spot market purchases, (2) Inventory reduction, (3) Purchase of CIS material, and (4) Market-related contracts instead of base-escalated contracts

Direct Coal -to-Liquids (CTL) for Jet Fuel Using Biomass-Derived Solvents

Energy Technology Data Exchange (ETDEWEB)

Chauhan, Satya P. [Battelle Memorial Inst., Columbus, OH (United States); Garbark, Daniel B. [Battelle Memorial Inst., Columbus, OH (United States); Taha, Rachid [Battelle Memorial Inst., Columbus, OH (United States); Peterson, Rick [Battelle Memorial Inst., Columbus, OH (United States)

2017-09-30

Battelle has demonstrated a novel and potentially breakthrough technology for a direct coal-to-liquids (CTL) process for producing jet fuel using biomass-derived coal solvents (bio-solvents). The Battelle process offers a significant reduction in capital and operating costs and a substantial reduction in greenhouse gas (GHG) emissions, without requiring carbon capture and storage (CCS). The results of the project are the advancement of three steps of the hybrid coal/biomass-to-jet fuel process to the technology readiness level (TRL) of 5. The project objectives were achieved over two phases. In Phase 1, all three major process steps were explored and refined at bench-scale, including: (1) biomass conversion to high hydrogen-donor bio-solvent; (2) coal dissolution in biomass-derived bio-solvent, without requiring molecular H₂, to produce a synthetic crude (syncrude); and (3) two-stage catalytic hydrotreating/hydrogenation of syncrude to jet fuel and other distillates. In Phase 2, all three subsystems of the CTL process were scaled up to a pre-pilot scale, and an economic analysis was carried out. A total of over 40 bio-solvents were identified and prepared. The most unique attribute of Battelle’s bio-solvents is their ability to provide much-needed hydrogen to liquefy coal and thus increase its hydrogen content so much that the resulting syncrude is liquid at room temperature. Based on the laboratory-scale testing with bituminous coals from Ohio and West Virginia, a total of 12 novel bio-solvent met the goal of greater than 80% coal solubility, with 8 bio-solvents being as good as or better than a well-known but expensive hydrogen-donor solvent, tetralin. The Battelle CTL process was then scaled up to 1 ton/day (1TPD) at a pre-pilot facility operated in Morgantown, WV. These tests were conducted, in part, to produce enough material for syncrude-upgrading testing. To convert the Battelle-CTL syncrude into a form suitable as a blending stock for jet

Uranium trade and global liberalization of markets

International Nuclear Information System (INIS)

Elagin, Yu.P.

2003-01-01

Present state of nuclear fuel market is reviewed. Political and economical aspects of nuclear fuel trade, traditional schemes of gain of nuclear fuel, tendencies and last innovations are treated. Price mechanisms, increase in part of traders, price indicators are discussed. Under the liberalization conditions the uranium market and common tendencies on the stages of nuclear fuel cycle as well as prospects of gain and sale of nuclear fuel, electronic trade are considered [ru

Value added tax evasion and excise duty fraud on fuel market in the Czech Republic

Directory of Open Access Journals (Sweden)

Pavel Semerád

2012-01-01

Full Text Available This paper deals with analysis of current problems in the motor fuel market. It analyzes bottlenecks in setting the legislative changes in value added tax, excise tax and the legislation concerning fuels. The biggest problem is tax evasions that favor one group of business entities at the expense of another, and also cause that the state loses revenues mainly from indirect taxes. Therefore, attention is directed to quality control of fuels as a means of consumer protection and prevention of tax evasion and ways to combat tax evasion in import, distribution and storage of mineral oils. The examples are the most common errors found in fraudulent companies. Based on the data collected the possible ultimate evasion was estimated. Therefore, I propose that value added tax law should be amended and some other measures to improve supervision by public authorities like tax authorities and customs administration offices should be taken.

Ethanol fuels in Brazil

International Nuclear Information System (INIS)

Trindade, S.C.

1993-01-01

The largest alternative transportation fuels program in the world today is Brazil's Proalcool Program. About 6.0 million metric tons of oil equivalent (MTOE) of ethanol, derived mainly from sugar cane, were consumed as transportation fuels in 1991 (equivalent to 127,000 barrels of crude oil per day). Total primary energy consumed by the Brazilian economy in 1991 was 184.1 million MTOE, and approximately 4.3 million vehicles -- about one third of the total vehicle fleet or about 40 percent of the total car population -- run on hydrous or open-quotes neatclose quotes ethanol at the azeotropic composition (96 percent ethanol, 4 percent water, by volume). Additional transportation fuels available in the country are diesel and gasoline, the latter of which is defined by three grades. Gasoline A (regular, leaded gas)d has virtually been replaced by gasoline C, a blend of gasoline and up to 22 percent anhydrous ethanol by volume, and gasoline B (premium gasoline) has been discontinued as a result of neat ethanol market penetration

Evaluation model for PWR irradiated fuel

International Nuclear Information System (INIS)

Gomes, I.C.

1983-01-01

The individual economic value of the plutonium isotopes for the recycle of the PWR reactor is investigated, assuming the existence of an market for this element. Two distinct market situations for the stages of the fuel cycle are analysed: one for the 1972 costs and the other for costs of 1982. Comparisons are made for each of the two market situations concerning enrichment of the U-235 in the uranium fuel that gives the minimum cost in the fuel cycle. The method adopted to establish the individual value of the plutonium isotopes consists on the economical analyses of the plutonium fuel cycle for four different isotopes mixtures refering to the uranium fuel cycle. (Author) [pt

How alternative are alternative fuels?

OpenAIRE

Soffritti, Tiziana; Danielis, Romeo

1998-01-01

Could alternative fuel vehicles contribute to a substantial reduction of air pollution? Is there a market for alternative fuel vehicles? Could a market be created via a pollution tax? The article answers these questions on the basis of the available estimates.

Nuclear fuel cycle

International Nuclear Information System (INIS)

Niedrig, T.

1987-01-01

Nuclear fuel supply is viewed as a buyer's market of assured medium-term stability. Even on a long-term basis, no shortage is envisaged for all conceivable expansion schedules. The conversion and enrichment facilities developed since the mid-seventies have done much to stabilize the market, owing to the fact that one-sided political decisions by the USA can be counteracted efficiently. In view of the uncertainties concerning realistic nuclear waste management strategies, thermal recycling and mixed oxide fuel elements might increase their market share in the future. Capacities are being planned accordingly. (orig.) [de

Production, quality and quality assurance of Refuse Derived Fuels (RDFs).

Science.gov (United States)

Sarc, R; Lorber, K E

2013-09-01

This contribution describes characterization, classification, production, application and quality assurance of Refuse Derived Fuels (RDFs) that are increasingly used in a wide range of co-incineration plants. It is shown in this paper, that the fuel-parameter, i.e. net calorific value [MJ/kg(OS)], particle size d(90) or d(95) [mm], impurities [w%], chlorine content [w%], sulfur content [w%], fluorine content [w%], ash content [w%], moisture [w%] and heavy metals content [mg/kg(DM)], can be preferentially used for the classification of different types of RDF applied for co-incineration and substitution of fossil-fuel in different industial sectors. Describing the external production of RDF by processing and confectioning of wastes as well as internal processing of waste at the incineration plant, a case study is reported on the application of RDF made out of different household waste fractions in a 120,000t/yr Waste to Energy (WtE) circulating fluidized bed (CFB) incinerator. For that purpose, delivered wastes, as well as incinerator feedstock material (i.e. after internal waste processing) are extensively investigated. Starting with elaboration of sampling plan in accordance with the relevant guidelines and standards, waste from different suppliers was sampled. Moreover, manual sorting analyses and chemical analyses were carried out. Finally, results of investigations are presented and discussed in the paper. Copyright © 2013 Elsevier Ltd. All rights reserved.

World uranium markets: an update

International Nuclear Information System (INIS)

Connor, M.J.

1983-01-01

The current state of the world's uranium market and its effect on US nuclear-fueled utilities is discussed. Major uranium-related issues that will confront US utility nuclear fuel managers in the coming years are presented, emphasizing the perspectives of supply, demand, world market adjustment, and US market restrictions on imports. It is stated that the US market is essential by non-US producers to help equilibrate an otherwise excessive supply which would cause chaos in the market. To avoid another ten-year boom/bust cycle, the US is urged to reexamine its position on long-term contracts - which permit greater price stability in contrast to the spot market and its price fluctuations. 13 figures, 6 tables

Results of the production of wood derived fuels; Puupolttoaineiden tuotantotekniikka - tutkimusalueen katsaus

Energy Technology Data Exchange (ETDEWEB)

Korpilahti, A [Metsaeteho, Helsinki (Finland)

1997-12-31

During the year 1995 there were over 30 projects concerning the production of wood derived fuels going on. Nearly half of them focused on integrated production of pulp wood and wood fuel. About in ten projects work was carried out to promote wood fuel production from logging residues. Other topics were fire wood production, production logistics and wood fuel resources. For production of fuel chips from logging residues, a new chipper truck, MOHA-SISU, was introduced. Having ability to move on terrain, and equipped with drum chipper, hook technic for interchangeable containers and a trailer, the whole production chain can be carried out by the same machine. In Mikkeli region three years of active work promoted the usage of wood fuel in a district power plant to the level of over 110 000 cubic metres of fuel chips. The production costs tend to be a little high in average, and the production chain still needs to be improved. In the field of integrated production a great stride was taken when the first pilot plant using the MASSAHAKE-method started up. Components of the production line and knowledge to operate the process have increased resulting in good performance of the plant. And even another concept for integrated production was introduced. In order to fully control the debarking of small sized trees, a production line of chain flail equipment and debarking drum followed by a chipper and screening facilities was built up. Equipment and machines for harvesting young stands in a way that increases substantially the yield of energy component are still mostly first prototypes. The development of them into well functioning, efficient tools is the most important task in integrated production

Results of the production of wood derived fuels; Puupolttoaineiden tuotantotekniikka - tutkimusalueen katsaus

Energy Technology Data Exchange (ETDEWEB)

Korpilahti, A. [Metsaeteho, Helsinki (Finland)

1996-12-31

During the year 1995 there were over 30 projects concerning the production of wood derived fuels going on. Nearly half of them focused on integrated production of pulp wood and wood fuel. About in ten projects work was carried out to promote wood fuel production from logging residues. Other topics were fire wood production, production logistics and wood fuel resources. For production of fuel chips from logging residues, a new chipper truck, MOHA-SISU, was introduced. Having ability to move on terrain, and equipped with drum chipper, hook technic for interchangeable containers and a trailer, the whole production chain can be carried out by the same machine. In Mikkeli region three years of active work promoted the usage of wood fuel in a district power plant to the level of over 110 000 cubic metres of fuel chips. The production costs tend to be a little high in average, and the production chain still needs to be improved. In the field of integrated production a great stride was taken when the first pilot plant using the MASSAHAKE-method started up. Components of the production line and knowledge to operate the process have increased resulting in good performance of the plant. And even another concept for integrated production was introduced. In order to fully control the debarking of small sized trees, a production line of chain flail equipment and debarking drum followed by a chipper and screening facilities was built up. Equipment and machines for harvesting young stands in a way that increases substantially the yield of energy component are still mostly first prototypes. The development of them into well functioning, efficient tools is the most important task in integrated production

Fuel demand in Brazil in a dynamic panel data approach

International Nuclear Information System (INIS)

Santos, Gervásio F.

2013-01-01

The purpose of this paper is to evaluate the sensitivity of fuel consumers regarding price and income, taking recent changes in the Brazilian fuel market into account. In this market, new market rules, energy policy towards fuel diversification and introduction of flex-fuel engines have determined fuel competition among gasoline, ethanol and compressed natural gas. Using a dynamic panel data model, demand equations for these three fuels are econometrically estimated to obtain consumer adjustment coefficients, price, cross-price and income elasticities in the short and long-run. In addition, the effect of the introduction of flex-fuel engines in the market and the rationality of consumers towards efficiency constraints of the engines were tested. Apart from considerable competition, results show that the dynamics of the Brazilian fuel market revolves around ethanol instead of gasoline. While demands for gasoline and natural gas are inelastic to price, demand for ethanol is elastic in Brazil. Furthermore, after the introduction of the flex-fuel technology the sensitivity of consumers to fuel prices changed, and ethanol consumers take efficiency constrains into account when ethanol prices reach the threshold of 70% of gasoline prices. - Highlights: ► Fuel demand in Brazil is evaluated, considering the changes in the fuel market. ► A dynamic panel data model is used to fit demand equations for fuels. ► Adjustment coefficients, price, cross-price and income elasticities are estimated. ► The impact of flex-fuel technology on the consumer behavior is tested. ► The results showed that the dynamic of the fuel market revolves around ethanol. ► The flex-fuel technology increased the competition among fuels

Bio-diesel fuels production: Feasibility studies. Se l'agricoltore semina il gasolio

Energy Technology Data Exchange (ETDEWEB)

Tabasso, L.

This paper reviews the efforts being made by Italy's national government and private industry to develop diesel engine fuels derived from vegetable oils, in particular, sunflower seed oil. These fuels are being promoted in Italy from the environmental protection stand-point in that they don't contain any sulfur, the main cause of acid rain, and from the agricultural stand-point in that they provide Italian farmers, whose food crop production capacity is limited due to European Communities agreements, with the opportunity to use their set-aside land for the production of energy crops. This paper provides brief notes on the key performance characteristics of bio-diesel fuels, whose application doesn't require any modifications to diesel engines, apart from minor adjustments to the air/fuel mix regulating system, and assesses commercialization prospects. Brief mention is made of the problems being encountered by the Government in the establishing fair bio-fuel production tax rebates which are compatible with the marketing practices of the petroleum industry. One of the strategies being considered is to use the bio-fuels as additives to be mixed with conventional fuel oils so as to derive a fuel which meets the new European air pollution standards.

Moderate temperature gas purification system: Application to high calorific coal-derived fuel

Energy Technology Data Exchange (ETDEWEB)

Kobayashi, M.; Shirai, H.; Nunokawa, M. [Central Research Institute of Electric Power Industry, Kanagawa (Japan)

2008-01-15

Simultaneous removal of dust, alkaline and alkaline-earth metals, halides and sulfur compounds is required to enlarge application of coal-derived gas to the high-temperature fuel cells and the fuel synthesis through chemical processing. Because high calorific fuel gas, such as oxygen-blown coal gas, has high carbon monoxide content, high-temperature (above 450{sup o}C) gas purification system is always subjected to the carbon deposition. We suggest moderate temperature (around 300{sup o}C) operation of the gas purification system to avoid the harmful disproportionation reaction and efficient removal of the various contaminants. Because the reaction rate is predominant to the performance of contaminant removal in the moderate temperature gas purification system, we evaluated the chemical removal processes; performance of the removal processes for halides and sulfur compounds was experimentally evaluated. The halide removal process with sodium aluminate sorbent had potential performance at around 300{sup o}C. The sulfur removal process with zinc ferrite sorbent was also applicable to the temperature range, though the reaction kinetics of the sorbent is essential to be approved.

Bio-derived fuels may ease the regeneration of diesel particulate traps

Energy Technology Data Exchange (ETDEWEB)

E. Coda Zabetta; M. Hupa; S. Niemi [Aabo Akademi Process Chemistry Centre, Turku (Finland)

2006-12-15

Particulate is the most problematic emission from diesel engines. To comply with environmental regulations, these engines are often equipped with particulate traps, which must be regenerated frequently for the sake of efficiency. The regeneration is commonly achieved by rising the temperature in the trap till the particulate self-ignites. However, this method implies energy losses and thermal shocks in the trap. Alternatively, catalysts and additives have been recently considered for reducing the ignition temperature of particulate, but these techniques suffer from poisoning and undesirable byproducts. The present experimental study shows that the ignition temperature of particulate from seed-derived oils (SO) and from blends of SO with diesel fuel oil (DO) can be lower than that of particulate from neat DO. If substantiated by more extensive studies, such finding could have noteworthy implications on the future of fuels and traps. Short communication. 8 refs., 3 figs., 2 tabs.

The emerging petrocoke market

International Nuclear Information System (INIS)

Dymond, R.

1999-01-01

This article focuses on the growing acceptance of petroleum coke as a fuel, and examines the marketing of the coke, world and US production of petroleum coke, its properties and quality, and its contamination by sulphur and trace metals. Details are given of the use of the coke as a carbon source and also as a solid fuel, export markets, and current market trends . Tables illustrating the world production of petrocoke by region, typical end-uses, and planned/announced capacity additions are provided as well as charts indicating the world profile for petroleum coke

Fuel Handbook[Wood and other renewable fuels

Energy Technology Data Exchange (ETDEWEB)

Stroemberg, Birgitta [TPS Termiska Processer AB, Nykoeping (SE)] (ed.)

2006-03-15

This handbook on renewable fuels is intended for power and heat producers in Sweden. This fuel handbook provides, from a plant owner's perspective, a method to evaluate different fuels on the market. The fuel handbook concerns renewable fuels (but does not include household waste) that are available on the Swedish market today or fuels that have potential to be available within the next ten years. The handbook covers 26 different fuels. Analysis data, special properties, operating experiences and literature references are outlined for each fuel. [Special properties, operating experiences and literature references are not included in this English version] The handbook also contains: A proposed methodology for introduction of new fuels. A recommendation of analyses and tests to perform in order to reduce the risk of problems is presented. [The recommendation of analyses and tests is not included in the English version] A summary of relevant laws and taxes for energy production, with references to relevant documentation. [Only laws and taxes regarding EU are included] Theory and background to evaluate a fuel with respect to combustion, ash and corrosion properties and methods that can be used for such evaluations. Summary of standards, databases and handbooks on biomass fuels and other solid fuels, and links to web sites where further information about the fuels can be found. The appendices includes: A methodology for trial firing of fuels. Calculations procedures for, amongst others, heating value, flue gas composition, key number and free fall velocity [Free fall velocity is not included in the English version]. In addition, conversion routines between different units for a number of different applications are provided. Fuel analyses are presented in the appendix. (The report is a translation of parts of the report VARMEFORSK--911 published in 2005)

Credit securitization and credit derivatives: Financial instruments and the credit risk management of middle market commercial loan portfolios

OpenAIRE

Henke, Sabine; Burghof, Hans-Peter; Rudolph, Bernd

1998-01-01

Banks increasingly recognize the need to measure and manage the credit risk of their loans on a portfolio basis. We address the subportfolio "middle market". Due to their specific lending policy for this market segment it is an important task for banks to systematically identify regional and industrial credit concentrations and reduce the detected concentrations through diversification. In recent years, the development of markets for credit securitization and credit derivatives has provided n...

An economic analysis of transportation fuel policies in Brazil: Fuel choice, land use, and environmental impacts

International Nuclear Information System (INIS)

Nuñez, Hector M.; Önal, Hayri

2016-01-01

Brazil uses taxes, subsidies, and blending mandates as policy instruments to manage and stabilize its transportation fuel markets. The fuel sector has been very dynamic in recent years due to frequent policy adjustments and variable market conditions. In this paper, we use a price endogenous economic simulation model to analyze the impacts of such policy adjustments under various challenging conditions in the global ethanol and sugar markets. Our analysis specifically focuses on Brazilian producers' supply responses, consumers' driving demand and fuel choice, ethanol trade, land use, greenhouse gas emissions, and social welfare. The model results show that (i) under a low ethanol blending rate, conventional vehicles would be driven significantly less while flex-fuel and ethanol-dedicated vehicles would not be affected significantly; (ii) lowering the fuel taxes adversely affects the competitiveness of sugarcane ethanol against gasoline blends, thus lowering producers' surplus; and (iii) while a reduction in fuel taxes is advantageous in terms of overall social welfare, it has serious environmental impacts by increasing the GHG emissions from transportation fuels consumed in Brazil. - Highlights: • We examine the economic and environmental impacts of Brazilian fuel policies. • We also analyze impacts under different sugar and ethanol markets conditions. • Lowering blending rate reduces distance driven by conventional cars. • Lowering fuel tax rates affects competitiveness of ethanol against gasoline blend. • Reducing fuel tax rates has dramatic environmental impacts by increasing emissions.

Price formation on the Swedish woodfuel market

International Nuclear Information System (INIS)

Hillring, B.

1999-01-01

The Swedish woodfuel market has grown rapidly in the past ten years. Government policy has strongly supported this development and environmental taxes on fossil fuels have been introduced. This has favoured untaxed biofuels, i.e. woodfuels, in the district heating sector where the market has grown very rapidly. This study on price formation is based on the earlier knowledge of the market and shows that the woodfuel market has seen a dramatic increase combined with falling prices. Unrefined wood fuels demonstrate an annual volume increase of 13% while real prices have fallen at an annual rate of 5% during the first half of the 1990s. Total taxes paid by the district heating sector have increased during the period studied and of which taxes for fossil fuels have increased dramatically during the past ten years. However, tax as a share of the total fuelmix supplying the district heating sector has been stabilised over time. The primary reason for this development is the replacement of the highly taxed fossil fuels in the supplied fuels with untaxed biofuels. Companies have reacted very quickly and rationally from an economic point of view to the rising costs of fossil fuels, substituting an increasing share with biofuels. For the future, many utilities have the capacity to adapt to new changes in costs resulting from either changes in fuel prices, changes in fuel taxes or changes in prices on heating or electricity markets. (author)

Refinery Integration of By-Products from Coal-Derived Jet Fuels

Energy Technology Data Exchange (ETDEWEB)

Caroline E. Burgess Clifford; Andre Boehman; Chunshan Song; Bruce Miller; Gareth Mitchell

2007-03-17

hydrodesulfurization. Equipment is now in place to begin fuel oil evaluations to assess the quality of coal based fuel oil. Combustion and characterization of the latest fuel oil (the high temperature fraction of RCO from the latest modification) indicates that the fraction is heavier than a No. 6 fuel oil. Combustion efficiency on our research boiler is {approx}63% for the heavy RCO fraction, lower than the combustion performance for previous co-coking fuel oils and No. 6 fuel oil. Emission testing indicates that the coal derived material has more trace metals related to coal than petroleum, as seen in previous runs. An additional coal has been procured and is being processed for the next series of delayed co-coking runs. The co-coking of the runs with the new coal have begun, with the coke yield similar to previous runs, but the gas yield is lower and the liquid yield is higher. Characterization of the products continues. Work continues on characterization of liquids and solids from co-coking of hydrotreated decant oils; liquid yields include more saturated and hydro- aromatics, while the coke quality varies depending on the conditions used. Pitch material is being generated from the heavy fraction of co-coking.

New developments in tire-derived fuels (TDF)

Energy Technology Data Exchange (ETDEWEB)

Gilbert, G. [Kentucky Dept. for Environmental Protection, KY (United States)

2006-07-01

Public opinion on the use of tire derived fuels (TDF) has been influenced by images of the large, uncontrolled tire fires at landfills that fill the atmosphere with heavy black smoke. This presentation discussed some of the issues and challenges related to the introduction of TDF in communities. The United States Environmental Protection Agency currently supports the responsible use of tires in Portland cement kilns and other industrial facilities if they have a storage and handling plan and have secured a permit for all applicable state and federal environmental programs. The use of TDF falls within the EPA resource conservation challenge (RCC) which has initiated a scrap tire workgroup and a TDF committee. The RCC has asked industry using TDF to assemble and share air, water, and product data to assist new TDF users and permitting agencies. TDF is currently used in cement production, by utility boilers, and pulp and paper manufacturers. A recent comparison of TDF and coal characteristics has shown that TDF releases fewer sulphur emissions than coal and produces more energy. While hydrogen emissions are typically higher, nitrogen emissions are lower. An elemental ash analysis has shown that wire-free TDF contains less aluminum than bitumens, as well as less iron. Particulate matter (PM) emissions and volatile organic carbon (VOC) emissions from various plants using TDF are often lower than, or the same as, coal. It was concluded that in order to challenge preconceived notions about TDF, baseline compliance tests should be conducted before presenting data for a permit. Baseline tests should also be conducted with other fuels such as coal within the same timeframe. refs., tabs., figs.

2012 Vehicle Technologies Market Report

Energy Technology Data Exchange (ETDEWEB)

Davis, Stacy Cagle [ORNL; Diegel, Susan W [ORNL; Boundy, Robert Gary [ORNL

2013-03-01

The Oak Ridge National Laboratory s Center for Transportation Analysis developed and published the first Vehicle Technologies Market Report in 2008. Three editions of the report have been published since that time. This 2012 report details the major trends in U.S. light vehicle and medium/heavy truck markets as well as the underlying trends that caused them. The opening section on Energy and Economics discusses the role of transportation energy and vehicle markets on a national scale. The following section examines light-duty vehicle use, markets, manufacture, and supply chains. The discussion of medium and heavy trucks offers information on truck sales and fuel use. The technology section offers information on alternative fuel vehicles and infrastructure, and the policy section concludes with information on recent, current, and near-future Federal policies like the Corporate Average Fuel Economy standards.

Fuel prices scenario generation based on a multivariate GARCH model for risk analysis in a wholesale electricity market

International Nuclear Information System (INIS)

Batlle, C.; Barquin, J.

2004-01-01

This paper presents a fuel prices scenario generator in the frame of a simulation tool developed to support risk analysis in a competitive electricity environment. The tool feeds different erogenous risk factors to a wholesale electricity market model to perform a statistical analysis of the results. As the different fuel series that are studied, such as the oil or gas ones, present stochastic volatility and strong correlation among them, a multivariate Generalized Autoregressive Conditional Heteroskedastic (GARCH) model has been designed in order to allow the generation of future fuel prices paths. The model makes use of a decomposition method to simplify the consideration of the multidimensional conditional covariance. An example of its application with real data is also presented. (author)

Methodology of economic analysis of evidence of cartel in the resale market of fuels; Metodologia de analise de indicios economicos de cartel no segmento de revenda varejista de combustiveis

Energy Technology Data Exchange (ETDEWEB)

Costa, Cleber Ribeiro da Silva [Agencia Nacional do Petroleo, Gas Natural e BiocombustIveis (ANP), Rio de Janeiro, RJ (Brazil); Tiryaki, Gisele Ferreira [Universidade Federal da Bahia (UFBA), Salvador, BA (Brazil); Ramos, Maria Olivia [Universidade Salvador (UNIFACS), BA (Brazil)

2010-07-01

The existence of anti competitive conduct such as cartels would lead to a situation of high prices and profits harming competition and society in general. The methodology of economic analysis of evidence of cartel by the ANP in the resale market of fuels involves analysis of the behavior of the average prices of resale and distribution, the nominal average gross margin on resale, the coefficient of variation of prices of resale and distribution of fuel for a given period by the municipality. Combining the analysis of these elements, the ANP has suggested the investigation into possible cartels. This text aims to bring contributions for a better definition of the relevant market in the analysis of economic evidence in cartel in the market for resale of fuel and add elements currently not considered in the analysis of ANP and regulation of the sector. To this end, this article is organized into three sections besides the introduction and final consideration. The first section takes place at the constitution some myths about cartels thread reseller retailer of automotive fuel by analyzing the main causes leading to complaints by consumers. Then presents a conceptual analysis of relevant market, since this definition is essential to characterize anti-competitive practices of operations performed by companies holding market power, notably the formation of cartels. Finally, it is a discussion on how the action of the main bodies involved in dismantling of anti competitive practices in the industry. Expected to find results that work with greater integration between agencies to safeguard competition and better defining the relevant market segment for the resale of fuel. (author)

Energy Efficiency Market Report 2013: Market Trends and Medium-Term Prospects

Energy Technology Data Exchange (ETDEWEB)

NONE

2013-07-01

Energy efficiency has been referred to as a ''hidden fuel'', one that extends energy supplies, increases energy security, lowers carbon emissions and generally supports sustainable economic growth. Yet it is hiding in plain sight: in 2011, investments in the energy efficiency market globally were at a similar scale to those in renewable energy or fossil-fuel power generation. The Energy Efficiency Market Report provides a practical basis for understanding energy efficiency market activities, a review of the methodological and practical challenges associated with measuring the market and its components, and statistical analysis of energy efficiency and its impact on energy demand. It also highlights a specific technology sector in which there is significant energy efficiency market activity, in this instance appliances and ICT. The report presents a selection of country case studies that illustrate current energy efficiency markets in specific sectors, and how they may evolve in the medium term. The energy efficiency market is diffuse, varied and involves all energy-consuming sectors of the economy. A comprehensive overview of market activity is complicated by the challenges associated with quantifying the components of the market and the paucity of comparable reported data. This report underscores how vital high-quality and timely energy efficiency data is to understanding this market.

Liquid fuel from biomass

International Nuclear Information System (INIS)

Breinholt, T.; Gylling, M.; Parsby, M.; Meyer Henius, U.; Sander Nielsen, B.

1992-09-01

Various options for Danish production of liquid motor fuels from biomass have been studied in the context of the impact of EEC new common agricultural policy on prices and production quantities of crops, processes and production economy, restraints concerning present and future markets in Denmark, environmental aspects, in particular substitution of fossil fuels in the overall production and end-use, revenue loss required to assure competition with fossil fuels and national competence in business, industry and research. The options studied are rapeseed oil and derivates, ethanol, methanol and other thermo-chemical conversion products. The study shows that the combination of fuel production and co-generation of heat and electricity carried out with energy efficiency and utilization of surplus electricity is important for the economics under Danish conditions. Considering all aspects, ethanol production seems most favorable but in the long term, pyrolyses with catalytic cracking could be an interesting option. The cheapest source of biomass in Denmark is straw, where a considerable amount of the surplus could be used. Whole crop harvested wheat on land otherwise set aside to be fallow could also be an important source for ethanol production. Most of the options contribute favorably to reductions of fossil fuel consumption, but variations are large and the substitution factor is to a great extent dependent on the individual case. (AB) (32 refs.)

Natural gas liquids markets in the United States

International Nuclear Information System (INIS)

Anderson, W.E.

1991-01-01

Changes in natural gas liquids (NGL) markets in the USA, brought about primarily by environmental issues and actions, are reviewed. Three aspects of the Clean Air Act amendments are exerting a powerful influence on NGL product demands. Regulatory limits on Reed vapor pressure (RVP) reduce the amount of evaporative hydrocarbon emissions, and lower-RVP gasoline is leaner in the more volatile hydrocarbons. This means primarily a lower n-butane content, and during the 1990-91 summer blending season it is estimated that half of total U.S. gas plant production of n-butane was being eliminated from the traditional refinery blending market. N-butane prices fell, making n-butane attractive as a petrochemical feedstock. Regulatory requirements for reformulated and oxygenated gasolines, for which methyl tertiary butyl ether (MTBE) will be the largest single source of oxygenate, have increased demand for NGL butanes used as the basic raw material in MBTE manufacture. This demand should increase enough to absorb all the n-butane dislodged from the gasoline blending market. The amendments also specify that in selected metropolitan areas having severe air quality problems, an alternative fuels program must be established. In the alternative fuels market, propane is already well-established due to favorable economics and proven performance, and significant new demand for propane in metropolitan markets is expected. Ethylene, the basic raw material for plastics manufacture, is mainly derived from NGLs and the continued strong demand for plastics will have a positive effect on the NGL market. NGL product demand profiles and projections are presented in graph form for ethane, propane, butanes, and pentanes plus. 4 figs

High performance liquid chromatographic hydrocarbon group-type analyses of mid-distillates employing fuel-derived fractions as standards

Science.gov (United States)

Seng, G. T.; Otterson, D. A.

1983-01-01

Two high performance liquid chromatographic (HPLC) methods have been developed for the determination of saturates, olefins and aromatics in petroleum and shale derived mid-distillate fuels. In one method the fuel to be analyzed is reacted with sulfuric acid, to remove a substantial portion of the aromatics, which provides a reacted fuel fraction for use in group type quantitation. The second involves the removal of a substantial portion of the saturates fraction from the HPLC system to permit the determination of olefin concentrations as low as 0.3 volume percent, and to improve the accuracy and precision of olefins determinations. Each method was evaluated using model compound mixtures and real fuel samples.

Characterization and supply of coal based fuels

Energy Technology Data Exchange (ETDEWEB)

1992-06-01

Studies and data applicable for fuel markets and coal resource assessments were reviewed and evaluated to provide both guidelines and specifications for premium quality coal-based fuels. The fuels supplied under this contract were provided for testing of advanced combustors being developed under Pittsburgh Energy Technology Center (PETC) sponsorship for use in the residential, commercial and light industrial (RCLI) market sectors. The requirements of the combustor development contractors were surveyed and periodically updated to satisfy the evolving needs based on design and test experience. Available coals were screened and candidate coals were selected for further detailed characterization and preparation for delivery. A team of participants was assembled to provide fuels in both coal-water fuel (CWF) and dry ultrafine coal (DUC) forms. Information about major US coal fields was correlated with market needs analysis. Coal fields with major reserves of low sulfur coal that could be potentially amenable to premium coal-based fuels specifications were identified. The fuels requirements were focused in terms of market, equipment and resource constraints. With this basis, the coals selected for developmental testing satisfy the most stringent fuel requirements and utilize available current deep-cleaning capabilities.

Pd/activated carbon sorbents for mid-temperature capture of mercury from coal-derived fuel gas.

Science.gov (United States)

Li, Dekui; Han, Jieru; Han, Lina; Wang, Jiancheng; Chang, Liping

2014-07-01

Higher concentrations of Hg can be emitted from coal pyrolysis or gasification than from coal combustion, especially elemental Hg. Highly efficient Hg removal technology from coal-derived fuel gas is thus of great importance. Based on the very excellent Hg removal ability of Pd and the high adsorption abilities of activated carbon (AC) for H₂S and Hg, a series of Pd/AC sorbents was prepared by using pore volume impregnation, and their performance in capturing Hg and H₂S from coal-derived fuel gas was investigated using a laboratory-scale fixed-bed reactor. The effects of loading amount, reaction temperature and reaction atmosphere on Hg removal from coal-derived fuel gas were studied. The sorbents were characterized by N₂ adsorption, X-ray diffraction (XRD) and X-ray photoelectron spectroscopy (XPS). The results indicated that the efficiency of Hg removal increased with the increasing of Pd loading amount, but the effective utilization rate of the active component Pd decreased significantly at the same time. High temperature had a negative influence on the Hg removal. The efficiency of Hg removal in the N₂-H₂S-H₂-CO-Hg atmosphere (simulated coal gas) was higher than that in N₂-H₂S-Hg and N₂-Hg atmospheres, which showed that H₂ and CO, with their reducing capacity, could benefit promote the removal of Hg. The XPS results suggested that there were two different ways of capturing Hg over sorbents in N₂-H₂S-Hg and N₂-Hg atmospheres. Copyright © 2014. Published by Elsevier B.V.

Paraffin-based hybrid rocket engines applications: A review and a market perspective

Science.gov (United States)

Mazzetti, Alessandro; Merotto, Laura; Pinarello, Giordano

2016-09-01

Hybrid propulsion technology for aerospace applications has received growing attention in recent years due to its important advantages over competitive solutions. Hybrid rocket engines have a great potential for several aeronautics and aerospace applications because of their safety, reliability, low cost and high performance. As a consequence, this propulsion technology is feasible for a number of innovative missions, including space tourism. On the other hand, hybrid rocket propulsion's main drawback, i.e. the difficulty in reaching high regression rate values using standard fuels, has so far limited the maturity level of this technology. The complex physico-chemical processes involved in hybrid rocket engines combustion are of major importance for engine performance prediction and control. Therefore, further investigation is ongoing in order to achieve a more complete understanding of such phenomena. It is well known that one of the most promising solutions for overcoming hybrid rocket engines performance limits is the use of liquefying fuels. Such fuels can lead to notably increased solid fuel regression rate due to the so-called "entrainment phenomenon". Among liquefying fuels, paraffin-based formulations have great potentials as solid fuels due to their low cost, availability (as they can be derived from industrial waste), low environmental impact and high performance. Despite the vast amount of literature available on this subject, a precise focus on market potential of paraffins for hybrid propulsion aerospace applications is lacking. In this work a review of hybrid rocket engines state of the art was performed, together with a detailed analysis of the possible applications of such a technology. A market study was carried out in order to define the near-future foreseeable development needs for hybrid technology application to the aforementioned missions. Paraffin-based fuels are taken into account as the most promising segment for market development

Alternative fuels: a Brazilian outlook

International Nuclear Information System (INIS)

Moreira, J.R.; Serra, G.E.

1990-01-01

This paper focuses on studies and information related to the use of alternative fuels in Brazil. The first part of this paper deals with the economics of different biomass technologies. The analysis consists of a careful costing of all operations involved. The study deals with wood, sugar cane and cassava, since these crops are exploited for commercial purposes in Brazil. Corn, although a useful raw material for producing ethanol in the United States, is not used for this purpose in Brazil. The second part deals with the industrial technologies used to convert biomass into energy. We consider several forms of energy derived from biomass and evaluate the economics of the processes. When opportune, we compare costs with those of the North American market. Market analysis and displacement of conventional energy are the subject of the third part of the paper. While the cost of each product is evaluated in most cases; in others the current market price is used. Finally, we raise the issues of institutional problems and planning and offer some conclusions on the future of biomass as an alternative energy source. The technological discussion in this paper is based on the Brazilian experience in producing ethanol and other fuels from biomass. It is possible to extrapolate the Brazilian experience to other developing countries. The observations made in this chapter are based on the conditions prevalent in the Brazilian south-central agricultural region, specifically the state of Sao Paulo. (author). 91 refs., 16 figs., 11 tabs

The dieselization of America: An integrated strategy for future transportation fuels

Energy Technology Data Exchange (ETDEWEB)

Eberhardt, J.J. [Dept. of Energy, Washington, DC (United States)

1997-12-31

The Diesel Cycle engine has already established itself as the engine-of-choice for the heavy duty transport industry because of its fuel efficiency, durability, and reliability. In addition, it has also been shown to be capable of using alternative fuels, albeit at efficiencies lower than that achieved with petroleum-derived diesel fuel. Alternative fuel dedicated engines have not made significant penetration of the heavy duty truck market because truck fleet operators need a cost-competitive fuel and reliable supply and fueling infrastructure. In lieu of forcing diverse fuels from many diverse domestic feedstocks onto the end-users, the Office of Heavy Vehicle Technologies envisions that a future fuels strategy for the heavy duty transport sector is one where the diverse feedstocks are utilized to provide a single fuel specification (dispensed from the existing fueling infrastructure) that would run efficiently in a single high efficiency energy conversion device, the Diesel Cycle engine. In so doing, the US Commercial transport industry may gain a measure of security from the rapid fuel price increases by relying less on a single feedstock source to meet its increasing fuel requirements.

Tar removal from biomass derived fuel gas by pulsed corona discharges: chemical kinetic study II

NARCIS (Netherlands)

Nair, S.A.; Yan, K.; Pemen, A.J.M.; Heesch, van E.J.M.; Ptasinski, K.J.; Drinkenburg, A.A.H.

2005-01-01

Tar (heavy hydrocarbon or poly aromatic hydrocarbon (PAH)) removal from biomass derived fuel gas is one of the biggest obstacles in its utilization for power generation. We have investigated pulsed corona as a method for tar removal. Our previous experimental results indicate the energy consumption

A preliminary evaluation of a combined tire- and refuse-derived fuel (TDF-RDF)

Energy Technology Data Exchange (ETDEWEB)

Stessel, R.I.; Amari, T.; Themelis, N.J.; Wearnick, I.K.

1999-07-01

In dense urban areas of the US, it is now becoming clear that waste management is far from economically-optimum. Even with the popularity of inexpensive land disposal, hauling and recycling costs are driving up the average waste bill. An historic option has been refuse-derived fuel, or RDF. Difficulties included low energy content and difficulty obtaining uniformity. Today, many resource-recovery technologies used in RDF are finding their way into materials recovery facilities (MRFs), some of which are reviving the automated processing of waste. Any MRF, automated or not, will have residue streams. Currently, one of the most significant problems is waste tires. Local options are difficult to locate in dense urban areas. As fuels, tires typically have energy contents considerably above those for which most solid-fuel combustors are designed, leading to thermal imbalances and various forms of failure. This paper suggests a new fuel that can be either co-fired with coal, or used in its own right in a combustor primarily designed for coal: TDF-RDF. A preliminary examination is undertaken of thermal and emissions characteristics, and possible costs for a few applications of the fuel. Immediately, TDF is already cleaner-burning than many coals, even in sulfur emissions. RDF has been widely-regarded as being similarly cleanly. Posited MRF residue streams should be still cleaner, and more consistent, than RDF. Overall, there is quite a potential for developing a fuel that would allow old coal powerplants in historic urban centers to be better neighbors, while helping with a few problems in municipal waste management.

New approach to derive linear power/burnup history input for CANDU fuel codes

International Nuclear Information System (INIS)

Lac Tang, T.; Richards, M.; Parent, G.

2003-01-01

The fuel element linear power / burnup history is a required input for the ELESTRES code in order to simulate CANDU fuel behavior during normal operating conditions and also to provide input for the accident analysis codes ELOCA and SOURCE. The purpose of this paper is to present a new approach to derive 'true', or at least more realistic linear power / burnup histories. Such an approach can be used to recreate any typical bundle power history if only a single pair of instantaneous values of bundle power and burnup, together with the position in the channel, are known. The histories obtained could be useful to perform more realistic simulations for safety analyses for cases where the reference (overpower) history is not appropriate. (author)

Separation of harmful impurities from refuse derived fuels (RDF) by a fluidized bed.

Science.gov (United States)

Krüger, B; Mrotzek, A; Wirtz, S

2014-02-01

In firing systems of cement production plants and coal-fired power plants, regular fossil fuels are increasingly substituted by alternative fuels. Rising energy prices and ambitious CO2-reduction goals promote the use of alternative fuels as a significant contribution to efficient energy recovery. One possibility to protect energy resources are refuse-derived fuels (RDF), which are produced during the treatment of municipal solid, commercial and industrial waste. The waste fractions suitable for RDF have a high calorific value and are often not suitable for material recycling. With current treatment processes, RDF still contains components which impede the utilization in firing systems or limit the degree of substitution. The content of these undesired components may amount to 4 wt%. These, in most cases incombustible particles which consist of mineral, ceramic and metallic materials can cause damages in the conveying systems (e. g. rotary feeder) or result in contaminations of the products (e. g. cement, chalk). Up-to-date separation processes (sieve machine, magnet separator or air classifier) have individual weaknesses that could hamper a secure separation of these particles. This article describes a new technology for the separation of impurities from refuse derived fuels based on a rotating fluidized bed. In this concept a rotating motion of the particle bed is obtained by the tangential injection of the fluidization gas in a static geometry. The RDF-particles experience a centrifugal force which fluidized the bed radially. The technical principle allows tearing up of particle clusters to single particles. Radially inwards the vertical velocity is much lower thus particles of every description can fall down there. For the subsequent separation of the particles by form and density an additionally cone shaped plate was installed in the centre. Impurities have a higher density and a compact form compared to combustible particles and can be separated with a high

Moderate temperature gas purification system: application to high calorific coal derived fuel

Energy Technology Data Exchange (ETDEWEB)

M. Kobayashi; H. Shirai; M. Nunokawa [Central Research Institute of Electric Power Industry (CRIEPI), Kanagawa (Japan)

2005-07-01

Simultaneous removal of dust, alkaline and alkaline-earth metals, halides and sulfur compounds is required to enlarge application of coal-derived gas to the high temperature fuel cells and the fuel synthesis through chemical processing. Because high calorific fuel gas, such as oxygen-blown coal gas, has high carbon monoxide content, high temperature gas purification system is always subjected to the carbon deposition and slippage of contaminant of high vapor pressure. It was suggested that moderate temperature operation of the gas purification system is applied to avoid the harmful disproportionation reaction and efficient removal of the various contaminants. To establish the moderate temperature gas purification system, the chemical-removal processes where the reaction rate is predominant to the performance of contaminant removal should be evaluated. Performance of the removal processes for halides and sulfur compounds were experimentally evaluated. The halide removal process with sodium based sorbent had potential good performance at around 300{sup o}C. The sulfur removal process was also applicable to the temperature range, although the improvement of the sulfidation reaction rate is considered to be essential. 11 refs., 8 figs., 1 tab.

Performance Analysis of Cofiring Densified Refuse Derived Fuel in a Military Boiler.

Science.gov (United States)

1981-12-01

Use of Waste Oils to Improve Densified Refuse-Derived Fuel 79 Study of the State of the Art of Dioxin from Corbustion Sour ,-es 81 Numerical...very large hammermills for shredu-,nt ii -et re C strean . Tne suitability of this technique has beer . : , 1:d aeauie of its undesirable proper- ,V.>- ir...oe iut- fraction while reducing the hrsepower requiie:: ,. ht uuty shredders have -c-en used as a pfre -. . :-r,der-s have not beer perfected wnich

The development of fuel cell systems for mobile applications

Energy Technology Data Exchange (ETDEWEB)

Van den Oosterkamp, P.F.; Kraaij, G.J.; Van der Laag, P.C.; Stobbe, E.R.; Wouters, D.A.J.

2006-09-15

The ECN fuel cell related R and D program on fuel cells is linked to the stationary market and the automotive market. This paper will summarize our R and D activities for the automotive market. The role of fuels cells in two transport application area's will be described: the development of dedicated hydrogen based platforms in combination with advanced electricity storage for special logistic applications and the APU (auxiliary power unit) market for passenger cars and trucks, as well as for ships and airplanes. The associated aspects of hydrogen transport and storage, as well as the reforming of logistic fuels and bio-fuels to hydrogen will be described with some illustrative examples. These examples show that an integrated approach using applied catalysis, chemical reactor design and engineering, process simulation, control modelling and electrical engineering is required to address all aspects of the development of fuel cell technology for automotive applications. The paper concludes with a summary of the important environmental and economic drivers that influence the fuel cell market application.

Market analysis. Renewable fuels; Marktanalyse. Nachwachsende Rohstoffe

Energy Technology Data Exchange (ETDEWEB)

NONE

2014-07-01

The Agency for Renewable Resources (FNR) had on behalf of the Federal Ministry of Food and Agriculture created a study on the market development of renewable resources in Germany and published this in the year of 2006. The aim of that study was to identify of actual status and market performance of the individual market segments of the material and energetic use as a basis for policy recommendations for accelerated and long term successful market launch and market share expansion of renewable raw materials. On behalf of the FNR, a market analysis of mid-2011 was carried out until the beginning of 2013, the results of which are hereby resubmitted. This market analysis covers all markets of material and energetic use in the global context, taking account of possible competing uses. A market segmentation, which was based on the product classification of the Federal Statistical Office, formed the basis of the analysis. A total of ten markets have been defined, seven material and three energetic use. [German] Die Fachagentur Nachwachsende Rohstoffe e.V. (FNR) hatte im Auftrag des BMEL eine Studie zur Marktentwicklung von nachwachsenden Rohstoffen in Deutschland erstellen lassen und diese im Jahr 2006 veroeffentlicht. Ziel der damaligen Studie war die Ermittlung von Ist-Zustand und Marktentwicklung der einzelnen Marktsegmente der stofflichen und energetischen Nutzung als Basis fuer Handlungsempfehlungen fuer eine beschleunigte und langfristig erfolgreiche Markteinfuehrung bzw. Marktanteilsausweitung nachwachsender Rohstoffe. Im Auftrag der FNR wurde erneut eine Marktanalyse von Mitte 2011 bis Anfang 2013 durchgefuehrt, deren Ergebnisse hiermit vorgelegt werden. Diese Marktanalyse umfasst alle Maerkte der stofflichen und energetischen Nutzung im globalen Kontext unter Beruecksichtigung moeglicher Nutzungskonkurrenzen. Eine Marktsegmentierung, die sich an der Produktklassifikation des Statistischen Bundesamtes orientierte, bildete die Grundlage der Analyse. Insgesamt

Nuclear fuel cycle

International Nuclear Information System (INIS)

1993-01-01

Status of different nuclear fuel cycle phases in 1992 is discussed including the following issues: uranium exploration, resources, supply and demand, production, market prices, conversion, enrichment; reactor fuel technology; spent fuel management, as well as trends of these phases development up to the year 2010. 10 refs, 11 figs, 15 tabs

Use of derivative instruments to integrate renewable energies into the electricity market; Einsatz derivativer Instrumente zur Integration erneuerbarer Energien in den Strommarkt

Energy Technology Data Exchange (ETDEWEB)

Hartmann, Kilian [Hochschule Aschaffenburg (Germany). Fakultaet fuer Ingenieurwissenschaften; Nelles, Michael [Rostock Univ. (Germany). Agrar- und Umweltwissenschaftliche Fakultaet; Candra, Dodiek Ika

2017-08-01

The implementation of renewable energies to the electricity market is inefficient and expensive with current measures. Further these measures are prejudicial for the existing energy-only-market. The combination of fluctuating and controllable renewable powers in virtual power plants enables the marketing of this power as a derivate on the future market. Thus would relieve the spot market and stabilize pricing on both markets. Subsequently the renewable energy obligation will reduce and renewable energies could be marketed as secured power.

Evaluation of hard fossil fuel

International Nuclear Information System (INIS)

Zivkovic, S.; Nuic, J.

1999-01-01

Because of its inexhaustible supplies hard fossil fuel will represent the pillar of the power systems of the 21st century. Only high-calorie fossil fuels have the market value and participate in the world trade. Low-calorie fossil fuels ((brown coal and lignite) are fuels spent on the spot and their value is indirectly expressed through manufactured kWh. For the purpose of determining the real value of a tonne of low-calorie coal, the criteria that help in establishing the value of a tonne of hard coal have to be corrected and thus evaluated and assessed at the market. (author)

Assesment of the energy quality of the synthesis gas produced from biomass derived fuels conversion: Part I: Liquid Fuels, Ethanol

International Nuclear Information System (INIS)

Arteaga Perez, Luis E; Casas, Yannay; Peralta, Luis M; Granda, Daikenel; Prieto, Julio O

2011-01-01

The use of biofuels plays an important role to increase the efficiency and energetic safety of the energy processes in the world. The main goal of the present research is to study from the thermodynamics and kinetics the effect of the operational variables on the thermo-conversion processes of biomass derived fuels focused on ethanol reforming. Several models are developed to assess the technological proposals. The minimization of Gibbs free energy is the criterion applied to evaluate the performance of the different alternatives considering the equilibrium constraints. All the models where validated on an experimental data base. The gas composition, HHV and the ratio H2/CO are used as measures for the process efficiency. The operational parameters are studied in a wide range (reactants molar ratio, temperature and oxygen/fuel ratio). (author)

On-site fuel cell field test support program

Science.gov (United States)

Staniunas, J. W.; Merten, G. P.

1982-01-01

In order to assess the impact of grid connection on the potential market for fuel cell service, applications studies were conducted to identify the fuel cell operating modes and corresponding fuel cell sizing criteria which offer the most potential for initial commercial service. The market for grid-connected fuel cell service was quantified using United's market analysis program and computerized building data base. Electric and gas consumption data for 268 buildings was added to our surveyed building data file, bringing the total to 407 buildings. These buildings were analyzed for grid-isolated and grid-connected fuel cell service. The results of the analyses indicated that the nursing home, restaurant and health club building sectors offer significant potential for fuel cell service.

Batteries and fuel cells in the transport sector and stationary energy supply. Current status of the NIP federal market preparation programme and the electromobility model regions

Energy Technology Data Exchange (ETDEWEB)

Wilhelm, Tilman [NOW GmbH, Berlin (Germany)

2013-06-01

Hydrogen and fuel cells as well as batteries are key technologies in the context of achieving climate goals and for the transformation of the energy sector. Their successful commercial introduction requires joint efforts from public and private stakeholders. In a first step R and D and demonstration programs were implemented to accelerate their respective market preparation. The National Innovation Program for Hydrogen and Fuel Cell Technologies (NIP) as well as large field tests of battery electric vehicles are ongoing combining technological development with market relevant aspects such as safety or public acceptance. (orig.)

Heavy fuel and LPG; Fioul et GPL

Energy Technology Data Exchange (ETDEWEB)

Philippon, A. [Chambre Syndicale du raffinage, UFIP, 75 - Paris (France)

1997-12-31

This paper analyzes the impact of new French combustion and environment regulations on the market of heavy fuels and on refining. The economical context of the petroleum and heavy fuels market is recalled first and then the future evolution of this market and the future impact of new pollution regulations on the refining industry are briefly analyzed. (J.S.)

Essays on pricing electricity and electricity derivatives in deregulated markets

Science.gov (United States)

Popova, Julia

2008-10-01

This dissertation is composed of four essays on the behavior of wholesale electricity prices and their derivatives. The first essay provides an empirical model that takes into account the spatial features of a transmission network on the electricity market. The spatial structure of the transmission grid plays a key role in determining electricity prices, but it has not been incorporated into previous empirical models. The econometric model in this essay incorporates a simple representation of the transmission system into a spatial panel data model of electricity prices, and also accounts for the effect of dynamic transmission system constraints on electricity market integration. Empirical results using PJM data confirm the existence of spatial patterns in electricity prices and show that spatial correlation diminishes as transmission lines become more congested. The second essay develops and empirically tests a model of the influence of natural gas storage inventories on the electricity forward premium. I link a model of the effect of gas storage constraints on the higher moments of the distribution of electricity prices to a model of the effect of those moments on the forward premium. Empirical results using PJM data support the model's predictions that gas storage inventories sharply reduce the electricity forward premium when demand for electricity is high and space-heating demand for gas is low. The third essay examines the efficiency of PJM electricity markets. A market is efficient if prices reflect all relevant information, so that prices follow a random walk. The hypothesis of random walk is examined using empirical tests, including the Portmanteau, Augmented Dickey-Fuller, KPSS, and multiple variance ratio tests. The results are mixed though evidence of some level of market efficiency is found. The last essay investigates the possibility that previous researchers have drawn spurious conclusions based on classical unit root tests incorrectly applied to

Syngas. The flexible solution in a volatile feed-stock market

Energy Technology Data Exchange (ETDEWEB)

Wurzel, T. [Air Liquide Global E und C Solutions c/o Lurgi GmbH, Frankfurt a.M. (Germany)

2013-11-01

The paper presents the versatility of syngas allowing the extended application of new feedstock sources such as shale gas or coal to deliver fuels and chemicals traditionally derived from crude oil. In order to provide a holistic view on this topic of current interest, the syngas market, the pre-dominant production technologies and main economic consideration for selected applications are presented and analyzed. It can be concluded that a broad portfolio of well-mastered and referenced syngas production technologies which are continuously improved to meet actual market requirements (e.g. ability to valorize biomass) will remain key to enable economic solutions in a world characterized by growing dynamics with regards to the supply of (carbonaceous) feedstock. (orig.)

Analysis of H2 storage needs for early market non-motive fuel cell applications.

Energy Technology Data Exchange (ETDEWEB)

Johnson, Terry Alan; Moreno, Marcina; Arienti, Marco; Pratt, Joseph William; Shaw, Leo; Klebanoff, Leonard E.

2012-03-01

Hydrogen fuel cells can potentially reduce greenhouse gas emissions and the United States dependence on foreign oil, but issues with hydrogen storage are impeding their widespread use. To help overcome these challenges, this study analyzes opportunities for their near-term deployment in five categories of non-motive equipment: portable power, construction equipment, airport ground support equipment, telecom backup power, and man-portable power and personal electronics. To this end, researchers engaged end users, equipment manufacturers, and technical experts via workshops, interviews, and electronic means, and then compiled these data into meaningful and realistic requirements for hydrogen storage in specific target applications. In addition to developing these requirements, end-user benefits (e.g., low noise and emissions, high efficiency, potentially lower maintenance costs) and concerns (e.g., capital cost, hydrogen availability) of hydrogen fuel cells in these applications were identified. Market data show potential deployments vary with application from hundreds to hundreds of thousands of units.

The Derivation of Evaluation Criteria of Nuclear Fuel Cycle

International Nuclear Information System (INIS)

Kim, S. K.; Ko, W. I.

2013-01-01

This study suggests the evaluation criteria and evaluation indicators derived using a factor analysis. As a result of a factor analysis, 5 evaluation criteria (safety (technological feature), environmental impact, economic feasibility, sociality, institution) and 24 evaluation indicators were selected. Particularly, the level of legislation for the management of radioactive waste, the level of establishment of safety standards of the country, and the level of application of international safety standards were analyzed to be qualitative evaluation indicators that should be considered in the aspect of the institution. The purpose of an analysis on diverse nuclear fuel cycles is to select the optimum nuclear fuel cycle suitable for the environment of one's own country. Accordingly, diverse evaluation criteria and evaluation indicators are necessary. In addition, individual evaluation criteria can be explained with various evaluation indicators. For example, the evaluation criteria for economic feasibility can be explained with evaluation indicators such as the unit cost or total cost. However, if too many evaluation indicators are included in one evaluation criterion, the evaluation is not easy, and if too few evaluation indicators are established, the evaluation criteria cannot be explained sufficiently, and thus the evaluation can be distorted. Accordingly, not only should the evaluation indicators be composed of an appropriate number of units, but they should also not be overlapped, and ambiguous evaluation indicators should be dropped out and necessary evaluation indicators must be included

Market Survey Turkey. Electricity Market

International Nuclear Information System (INIS)

2008-12-01

The present market survey presents the Turkish power market and derives business opportunities and prospects for Dutch trade and industry. This market survey has been carried out for the following four, from time to time overlapping, sectors that have been identified by EVD as potential opportunities for Dutch small and medium-sized enterprises (SME): renewable energy, energy efficiency, electricity generation, electricity distribution

Evaluation of the uranium market and its consequences in the strategy of a nuclear fuel supplier that is also a uranium producer

International Nuclear Information System (INIS)

Esteves, R.G.

2005-01-01

On January 2005, the uranium spot market price reached the value of $21.00/lbU3O8. One month before, at the end of December, the average price was $20.70/lbU3O8 and in November the spot price registered $20.50. When we review this abstract, on July 2005, the price has reached $30.00/lbU3O8. In 1984, the uranium spot price dropped below the twenties and remained so reaching meanwhile even one-digit values, even considering that the uranium offer in this period was always below the demand. The main reason for that distortion in the market was and still is, the interference of the developing countries governments after the end of the cold war The Industrias Nucleares do Brasil - INB is in an odd situation in the market of fuel suppliers due to being also a uranium producer and in short future will also be an enrichment services supplier. This peculiar position brings additional advantages due to the flexibility to play with the uranium costs versus tail assay to optimize its nuclear fuel costs. That odd position, equivalent only in the market to AREVA, allows INB to exchange uranium by SWU and vice versa according to its uranium cost (not market sell price) and in the future to the SWU's costs obtaining a better margin that can not be reached by other fuel suppliers. In the first part of this paper it is evaluated, based on the recent market information, the consequences in the 2004 uranium spot price, expected to be more emphasized during 2005. This paper also evaluate the market mechanisms for expecting the price to cross the $40/lbU3O8 in short time The market supply mechanisms used up to now to fulfil the market deficit may be interrupted in case the developing countries governments stop the availability of the non civil uranium reserves from its stockpile. Different hypotheses for supplying the primary uranium deficit in this last case are analyzed in this work and evaluated its consequences. The solution of reducing the actual tails assay used aiming at

{Delta}{sup 14}C level of annual plants and fossil fuel derived CO{sub 2} distribution across different regions of China

Energy Technology Data Exchange (ETDEWEB)

Xi, X.T.; Ding, X.F.; Fu, D.P. [State Key Laboratory of Nuclear Physics and Technology and Institute of Heavy Ion Physics, School of Physics, Peking University, Beijing 100871 (China); Zhou, L.P. [Laboratory for Earth Surface Processes, Department of Geography, Peking University, Beijing 100871 (China); Liu, K.X., E-mail: kxliu@pku.edu.cn [State Key Laboratory of Nuclear Physics and Technology and Institute of Heavy Ion Physics, School of Physics, Peking University, Beijing 100871 (China)

2013-01-15

The {sup 14}C level in annual plants is a sensitive tracer for monitoring fossil fuel derived CO{sub 2} in the atmosphere. Corn leave samples were selected from different regions of China, including high mountains in the Tibetan Plateau, grassland in Inner Mongolia, and inland and coastal cities during the summer of 2010. The {sup 14}C/{sup 12}C ratio of the samples was measured with the NEC compact AMS system at the Institute of Heavy Ion Physics, Peking University. The fossil fuel derived CO{sub 2} was estimated by comparing the measured {Delta}{sup 14}C values of corn leave samples to background atmospheric {Delta}{sup 14}C level. The influences of topography, meteorological conditions and carbon cycling processes on the fossil fuel derived CO{sub 2} concentration are considered when interpreting the data. Our results show a clear association of the low {Delta}{sup 14}C values with regions where human activities are intensive.

Alternative Fuels

Science.gov (United States)

Alternative fuels include gaseous fuels such as hydrogen, natural gas, and propane; alcohols such as ethanol, methanol, and butanol; vegetable and waste-derived oils; and electricity. Overview of alternative fuels is here.

Vertical integration in the nuclear fuel cycle

International Nuclear Information System (INIS)

Mommsen, J.T.

1977-01-01

Vertical integration in the nuclear fuel cycle and its contribution to market power of integrated fuel suppliers were studied. The industry subdivision analyzed is the uranium raw materials sector. The hypotheses demonstrated are that (1) this sector of the industry is trending toward vertical integration between production of uranium raw materials and the manufacture of nuclear fuel elements, and (2) this vertical integration confers upon integrated firms a significant market advantage over non-integrated fuel manufacturers. Under microeconomic concepts the rationale for vertical integration is the pursuit of efficiency, and it is beneficial because it increases physical output and decreases price. The Market Advantage Model developed is an arithmetical statement of the relative market power (in terms of price) between non-integrated nuclear fuel manufacturers and integrated raw material/fuel suppliers, based on the concept of the ''squeeze.'' In operation, the model compares net profit and return on sales of nuclear fuel elements between the competitors, under different price and cost circumstances. The model shows that, if integrated and non-integrated competitors sell their final product at identical prices, the non-integrated manufacturer returns a net profit only 17% of the integrated firm. Also, the integrated supplier can price his product 35% below the non-integrated producer's price and still return the same net profit. Vertical integration confers a definite market advantage to the integrated supplier, and the basic source of that advantage is the cost-price differential of the raw material, uranium

Assessment of costs and benefits of flexible and alternative fuel use in the U.S. transportation sector. Technical report fourteen: Market potential and impacts of alternative fuel use in light-duty vehicles -- A 2000/2010 analysis

Energy Technology Data Exchange (ETDEWEB)

NONE

1996-01-01

In this report, estimates are provided of the potential, by 2010, to displace conventional light-duty vehicle motor fuels with alternative fuels--compressed natural gas (CNG), liquefied petroleum gas (LPG), methanol from natural gas, ethanol from grain and from cellulosic feedstocks, and electricity--and with replacement fuels such as oxygenates added to gasoline. The 2010 estimates include the motor fuel displacement resulting both from government programs (including the Clean Air Act and EPACT) and from potential market forces. This report also provides an estimate of motor fuel displacement by replacement and alterative fuels in the year 2000. However, in contrast to the 2010 estimates, the year 2000 estimate is restricted to an accounting of the effects of existing programs and regulations. 27 figs., 108 tabs.

Money market futures

OpenAIRE

Anatoli Kuprianov

1992-01-01

Virtually all financial innovation in the U.S. money market during the past 20 years has centered on interest rate derivatives, including futures and swaps. Furthermore, money market futures--especially futures contracts on Eurodollar time deposits--have been at the vanguard of the recent explosion of trading activity in interest rate derivatives. While futures markets traditionally have been viewed as markets for the transfer of price risk, recent research shows that they may serve other imp...

Intraday price dynamics in spot and derivatives markets

Science.gov (United States)

Kim, Jun Sik; Ryu, Doojin

2014-01-01

This study examines intraday relationships among the spot index, index futures, and the implied volatility index based on the VAR(1)-asymmetric BEKK-MGARCH model. Analysis of a high-frequency dataset from the Korean financial market confirms that there is a strong intraday market linkage between the spot index, KOSPI200 futures, and VKOSPI and that asymmetric volatility behaviour is clearly present in the Korean market. The empirical results indicate that the futures return shock affects the spot market more severely than the spot return shock affects the futures market, though there is a bi-directional causal relationship between the spot and futures markets. Our results, based on a high-quality intraday dataset, satisfy both the positive risk-return relationship and asymmetric volatility effect, which are not reconciled in the frameworks of previous studies.

Nuclear fuel cycle system analysis

International Nuclear Information System (INIS)

Ko, W. I.; Kwon, E. H.; Kim, S. G.; Park, B. H.; Song, K. C.; Song, D. Y.; Lee, H. H.; Chang, H. L.; Jeong, C. J.

2012-04-01

The nuclear fuel cycle system analysis method has been designed and established for an integrated nuclear fuel cycle system assessment by analyzing various methodologies. The economics, PR(Proliferation Resistance) and environmental impact evaluation of the fuel cycle system were performed using improved DB, and finally the best fuel cycle option which is applicable in Korea was derived. In addition, this research is helped to increase the national credibility and transparency for PR with developing and fulfilling PR enhancement program. The detailed contents of the work are as follows: 1)Establish and improve the DB for nuclear fuel cycle system analysis 2)Development of the analysis model for nuclear fuel cycle 3)Preliminary study for nuclear fuel cycle analysis 4)Development of overall evaluation model of nuclear fuel cycle system 5)Overall evaluation of nuclear fuel cycle system 6)Evaluate the PR for nuclear fuel cycle system and derive the enhancement method 7)Derive and fulfill of nuclear transparency enhancement method The optimum fuel cycle option which is economical and applicable to domestic situation was derived in this research. It would be a basis for establishment of the long-term strategy for nuclear fuel cycle. This work contributes for guaranteeing the technical, economical validity of the optimal fuel cycle option. Deriving and fulfillment of the method for enhancing nuclear transparency will also contribute to renewing the ROK-U.S Atomic Energy Agreement in 2014

The Pacific Northwest residential consumer: Perceptions and preferences of home heating fuels, major appliances, and appliance fuels

Energy Technology Data Exchange (ETDEWEB)

Harkreader, S.A.; Hattrup, M.P.

1988-09-01

In 1983 the Bonneville Power Administration contracted with the Pacific Northwest Laboratory (PNL) to conduct an analysis of the marketing environment for Bonneville's conservation activities. Since this baseline residential study, PNL has conducted two follow up market research projects: Phase 2 in 1985, and Phase 3, in 1988. In this report the respondents' perceptions, preferences, and fuel switching possibilities of fuels for home heating and major appliances are examined. To aid in effective target marketing, the report identifies market segments according to consumers' demographics, life-cycle, attitudes, and opinions.

Study for application of multi fuel technology in the Brazilian automobilistic market; Estudo para aplicacao da tecnologia multi combustivel no mercado automobilistico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Gasparotto, Alexsander David [FIAT/GM Powertrain (Brazil); Massarani, Marcelo [Universidade de Sao Paulo (USP), SP (Brazil)

2006-07-01

The objective of this work is a study for the application of a new technology that will be used in the engine management system in the vehicle; where the final consumer can opt for the inquiry performance or seeking an economy for the fuel consumption depending on its daily use and of the prices offered in the gas stations. Flexible Fuel is a technology in development for the automobile market that mixes the use of two fuels (gasoline and ethanol) and their mixtures in the internal combustion engine. (author)

Study for application of flexible fuel technology in the Brazilian automobile market; Estudo para aplicacao da tecnologia multi combustivel no mercado automobilistico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Gasparotto, Alexsander David [FIAT/GM Powertrain (Brazil); Massarani, Marcelo [Sao Paulo Univ., SP (Brazil). Escola Politecnica

2006-07-01

The objective of this work is a study for the application of a new technology that will be used in the engine management system in the vehicle; where the final consumer can opt for the inquiry performance or seeking an economy for the fuel consumption depending on its daily use and of the prices offered in the gas stations. Flexible Fuel is a technology in development for the auto mobile market that mixes the use of two fuels (gasoline and ethanol) and their mixtures in the internal combustion engine. (author)

Automotive fuels from biomass via gasification

International Nuclear Information System (INIS)

Zhang, Wennan

2010-01-01

There exists already a market of bio-automotive fuels i.e. bioethanol and biodiesel produced from food crops in many countries. From the viewpoint of economics, environment, land use, water use and chemical fertilizer use, however, there is a strong preference for the use of woody biomass and various forest/agricultural residues as the feedstock. Thus, the production of 2nd generation of bio-automotive fuels i.e. synthetic fuels such as methanol, ethanol, DME, FT-diesel, SNG and hydrogen through biomass gasification seems promising. The technology of producing synthetic fuels is well established based on fossil fuels. For biomass, however, it is fairly new and the technology is under development. Starting from the present market of the 1st generation bio-automotive fuels, this paper is trying to review the technology development of the 2nd generation bio-automotive fuels from syngas platform. The production of syngas is emphasized which suggests appropriate gasifier design for a high quality syngas production. A number of bio-automotive fuel demonstration plant will be presented, which gives the state of the art in the development of BTS (biomass to synthetic fuels) technologies. It can be concluded that the 2nd generation bio-automotive fuels are on the way to a breakthrough in the transport markets of industrial countries especially for those countries with a strong forest industry. (author)

Fuel cycle cost, reactor physics and fuel manufacturing considerations for Erbia-bearing PWR fuel with > 5 wt% U-235 content

Energy Technology Data Exchange (ETDEWEB)

Franceschini, F.; Lahoda, E. J.; Kucukboyaci, V. N. [Westinghouse Electric Co. LLC, 1000 Westinghouse Drive, Cranberry Township, PA 16066 (United States)

2012-07-01

The efforts to reduce fuel cycle cost have driven LWR fuel close to the licensed limit in fuel fissile content, 5.0 wt% U-235 enrichment, and the acceptable duty on current Zr-based cladding. An increase in the fuel enrichment beyond the 5 wt% limit, while certainly possible, entails costly investment in infrastructure and licensing. As a possible way to offset some of these costs, the addition of small amounts of Erbia to the UO{sub 2} powder with >5 wt% U-235 has been proposed, so that its initial reactivity is reduced to that of licensed fuel and most modifications to the existing facilities and equipment could be avoided. This paper discusses the potentialities of such a fuel on the US market from a vendor's perspective. An analysis of the in-core behavior and fuel cycle performance of a typical 4-loop PWR with 18 and 24-month operating cycles has been conducted, with the aim of quantifying the potential economic advantage and other operational benefits of this concept. Subsequently, the implications on fuel manufacturing and storage are discussed. While this concept has certainly good potential, a compelling case for its short-term introduction as PWR fuel for the US market could not be determined. (authors)

Effects of furan derivatives and phenolic compounds on electricity generation in microbial fuel cells

Energy Technology Data Exchange (ETDEWEB)

Catal, Tunc [Department of Biological and Ecological Engineering, Oregon State University, 116 Gilmore Hall, Corvallis, OR 97331 (United States); Department of Wood Science and Engineering, Oregon State University, 102 97331, Corvallis, OR (United States); Department of Molecular Biology and Genetics, Istanbul Technical University, 34469-Maslak, Istanbul (Turkey); Fan, Yanzhen; Liu, Hong [Department of Biological and Ecological Engineering, Oregon State University, 116 Gilmore Hall, Corvallis, OR 97331 (United States); Li, Kaichang [Department of Wood Science and Engineering, Oregon State University, 102 97331, Corvallis, OR (United States); Bermek, Hakan [Department of Molecular Biology and Genetics, Istanbul Technical University, 34469-Maslak, Istanbul (Turkey)

2008-05-15

Lignocellulosic biomass is an attractive fuel source for MFCs due to its renewable nature and ready availability. Furan derivatives and phenolic compounds could be potentially formed during the pre-treatment process of lignocellulosic biomass. In this study, voltage generation from these compounds and the effects of these compounds on voltage generation from glucose in air-cathode microbial fuel cells (MFCs) were examined. Except for 5-hydroxymethyl furfural (5-HMF), all the other compounds tested were unable to be utilized directly for electricity production in MFCs in the absence of other electron donors. One furan derivate, 5-HMF and two phenolic compounds, trans-cinnamic acid and 3,5-dimethoxy-4-hydroxy-cinnamic acid did not affect electricity generation from glucose at a concentration up to 10 mM. Four phenolic compounds, including syringaldeyhde, vanillin, trans-4-hydroxy-3-methoxy, and 4-hydroxy cinnamic acids inhibited electricity generation at concentrations above 5 mM. Other compounds, including 2-furaldehyde, benzyl alcohol and acetophenone, inhibited the electricity generation even at concentrations less than 0.2 mM. This study suggests that effective electricity generation from the hydrolysates of lignocellulosic biomass in MFCs may require the employment of the hydrolysis methods with low furan derivatives and phenolic compounds production, or the removal of some strong inhibitors prior to the MFC operation, or the improvement of bacterial tolerance against these compounds through the enrichment of new bacterial cultures or genetic modification of the bacterial strains. (author)

Effects of furan derivatives and phenolic compounds on electricity generation in microbial fuel cells

Science.gov (United States)

Catal, Tunc; Fan, Yanzhen; Li, Kaichang; Bermek, Hakan; Liu, Hong

Lignocellulosic biomass is an attractive fuel source for MFCs due to its renewable nature and ready availability. Furan derivatives and phenolic compounds could be potentially formed during the pre-treatment process of lignocellulosic biomass. In this study, voltage generation from these compounds and the effects of these compounds on voltage generation from glucose in air-cathode microbial fuel cells (MFCs) were examined. Except for 5-hydroxymethyl furfural (5-HMF), all the other compounds tested were unable to be utilized directly for electricity production in MFCs in the absence of other electron donors. One furan derivate, 5-HMF and two phenolic compounds, trans-cinnamic acid and 3,5-dimethoxy-4-hydroxy-cinnamic acid did not affect electricity generation from glucose at a concentration up to 10 mM. Four phenolic compounds, including syringaldeyhde, vanillin, trans-4-hydroxy-3-methoxy, and 4-hydroxy cinnamic acids inhibited electricity generation at concentrations above 5 mM. Other compounds, including 2-furaldehyde, benzyl alcohol and acetophenone, inhibited the electricity generation even at concentrations less than 0.2 mM. This study suggests that effective electricity generation from the hydrolysates of lignocellulosic biomass in MFCs may require the employment of the hydrolysis methods with low furan derivatives and phenolic compounds production, or the removal of some strong inhibitors prior to the MFC operation, or the improvement of bacterial tolerance against these compounds through the enrichment of new bacterial cultures or genetic modification of the bacterial strains.

Fossil Fuel-Derived Polycyclic Aromatic Hydrocarbons in the Taiwan Strait, China, and Fluxes across the Air-Water Interface.

Science.gov (United States)

Ya, Miaolei; Xu, Li; Wu, Yuling; Li, Yongyu; Zhao, Songhe; Wang, Xinhong

2018-06-14

On the basis of the application of compound-specific radiocarbon analysis (CSRA) and air-water exchange models, the contributions of fossil fuel and biomass burning derived polycyclic aromatic hydrocarbons (PAHs) as well as their air-water transport were elucidated. The results showed that fossil fuel-derived PAHs (an average contribution of 89%) presented the net volatilization process at the air-water interface of the Taiwan Strait in summer. Net volatile fluxes of the dominant fluorene and phenanthrene (>58% of the total PAHs) were 27 ± 2.8 μg m -2 day -1 , significantly higher than the dry deposition fluxes (average 0.43 μg m -2 day -1 ). The Δ 14 C contents of selected PAHs (fluorene, phenanthrene plus anthracene, fluoranthene, and pyrene) determined by CSRA in the dissolved seawater ranged from -997 ± 4‰ to -873 ± 6‰, indicating that 89-100% (95 ± 4%) of PAHs were supplied by fossil fuels. The South China Sea warm current originating from the southwest China in summer (98%) and the Min-Zhe coastal current originating from the north China in winter (97%) input more fossil fuel PAHs than the Jiulong River estuary (90%) and Xiamen harbor water (93%). The more radioactive decayed 14 C of fluoranthene (a 4-ring PAH) than that of phenanthrene and anthracene (3-ring PAHs) represented a greater fossil fuel contribution to the former in dissolved seawater.

Refuse derived fuels in Cement Kilns: Italian experience

International Nuclear Information System (INIS)

Del Borghi, M.; Strazza, C.; Del Borghi, A.

2009-01-01

This study investigates the results of a year (2006) of air emissions gathering in the various Italian cement plants, and, in particular, on 73 kilns subdivided by production class, kiln type and alternative fuels use for type and quantity. The emission parameters considered have been: total dust, SO 2 , NOx, CO, TOC, HCl, HF, metals, PAH and PCDD/F. The work has involved a comparison between the results of the average concentrations detected for the various pollutants, separately for the plants using only traditional fuels and using also alternative fuels. The obtained results show that the use of alternative fuels by the 22 kilns investigated has not any influence on the emission values of the pollutants examined; on the contrary, in certain cases these emissions result less than the limits legally allowed for the use of traditional fuels. A comparison between the results obtained from the Italian kilns and those published by Cembureau from 200 European kilns, confirms that the emission performances of cement kilns appear independent for the use of alternative fuels with the percentages usually employed. This study also highlights the benefits on the global environmental balance for the use of RDF as alternative fuel. [it

Electricity fuel contracting

International Nuclear Information System (INIS)

Palmer, Karen; Simpson, David; Toman, Michael; Fox-Penner, Peter

1993-01-01

The growth of competition in the electricity generation industry, along with changes in natural gas and coal regulation have led to renewed interest in the nature of efficient transactional arrangements for procuring coal and gas. This study examines the evolution of major influences on the incentives for choosing among different transactional forms. We find that the asset specificity hypothesis continues to be an important explanation for transactional arrangements in fuel acquisition. The degree of asset specificity in a fuel supply arrangement is a function of technological factors, of inherent market characteristics and of regulatory rules. The expanding role of more flexible fuel supply arrangements in gas and, to a lesser extent, coal markets is a natural response to current regulatory and technological trends

Shaping future US fuels: A local market laboratory

International Nuclear Information System (INIS)

Anon.

1992-01-01

As air pollution becomes a worsening problem around the world, alternative fuels are supported by many as a way to reduce vehicle emissions without impeding mobility. On June 22, 1992, the South Coast Alternative Fuels Demonstration Project, CleanFleet, was launched. CleanFleet is a two-year program that will evaluate the performance of five alternative transportation fuels in a major commercial fleet. The study promises to identify the advantages and pitfalls of five alternative fuels on the basis of emissions, safety, maintenance, reliability, performance, and durability. This issue also contains the following: (1) the ED Refining Netback Data Series for the US Gulf and West Coasts, Rotterdam, and Singapore as of July 10, 1992; and (2) the ED Fuel Price/Tax Series for countries of the Western Hemisphere, July 1992 Edition

Supply guarantee initiatives for nuclear fuel materials and services and their compatibility with the market. Present discussions and future prospects

International Nuclear Information System (INIS)

Nagano, Koji

2008-01-01

Under the weakening NPT (Non-Proliferation Treaty) regime, a number of proposals and initiatives for nuclear fuel supply assurance and guarantee mechanisms have been brought on the agenda of international discussions and negotiations. This report first discusses where and why those ideas came out, and then turn to the current situations of markets of nuclear fuel materials and services in terms of degree of market concentration to specific suppliers. Based on those observations, the author attempts to draw a comparison among the proposed schemes in order to examine possible steps for forward that pose least possible influences adverse to the individual markets and thereby could better attract possible recipient states' interests. The report suggests that those initiatives are classified in three types; a) physical assurance, i.e. specific nation(s) and/or entit(-y/-ies) prepare dedicated reserve of materials and/or service capacities for the purpose of supply assurance; b) collective assurance, i.e. a group of nations and/or entities collectively submit their excess materials and service capacities when assurance is activated; and c) financial measures. In view of their feasibility, a two-step approach might be found practical to implement and promote; i.e. 1) in a short-run, a 'soft' scheme which never interferes NPT signatories' right of peaceful development and use of nuclear power could be set and implemented, and 2) in a long-run, R and D efforts should be undertaken to create such a sufficient economic margin that potential recipient states may lose justification of self-development of nuclear fuel cycle technologies and businesses when compared with those services provided by foreign sources attached with a sufficient degree of supply assurances. (author)

Emissions Trading - Growing Markets with Impacts on Energy and Biofuel Business

International Nuclear Information System (INIS)

Otterstroem, Tomas

2006-01-01

The markets for environmental derivatives are relatively new, e.g. in June 2006, the EU ETS has been operational for eighteen months and the Swedish electricity-certificate scheme has been operating for about three years. There is a clear trend towards an increasingly CO 2 -constrained economy, in which trading schemes are implemented with the purpose of reducing the overall cost of reaching the targets set. The business impacts of emissions trading are significant for many actors, both in terms of direct financial effects (e.g. need to buy or sell allowances) as indirect ones (e.g. changes in the competitiveness of fuels, the price of electricity and the demand for low-emission technologies). During 2005, almost 800 million tons of CO 2 equivalents have changed owner on the carbon markets. The market and variety of products are increasing and the market volume is expected to exceed 10 billion euros in 2006

Advanced compressed hydrogen fuel storage systems

International Nuclear Information System (INIS)

Jeary, B.

2000-01-01

Dynetek was established in 1991 by a group of private investors, and since that time efforts have been focused on designing, improving, manufacturing and marketing advanced compressed fuel storage systems. The primary market for Dynetek fuel systems has been Natural Gas, however as the automotive industry investigates the possibility of using hydrogen as the fuel source solution in Alternative Energy Vehicles, there is a growing demand for hydrogen storage on -board. Dynetek is striving to meet the needs of the industry, by working towards developing a fuel storage system that will be efficient, economical, lightweight and eventually capable of storing enough hydrogen to match the driving range of the current gasoline fueled vehicles

Interdependencies between fossil fuel and renewable energy markets. The German biodiesel market

Energy Technology Data Exchange (ETDEWEB)

Busse, Stefan; Bruemmer, Bernard; Ihle, Rico

2010-12-15

With this paper, we provide the first quantitative investigation of vertical price transmission in the biodiesel supply chain in Germany with the focus on the developments during the food crisis and the impact of subsidized US biodiesel exports. With the strong promotion of the production and use of biodiesel during the first half of the past decade, the German biodiesel market became the largest national biodiesel market worldwide. This analysis utilizes prices of rapeseed oil, soya oil, biodiesel and crude oil over a sample period covering the rapid growth of the German demand in 2002 until its decline in 2009. The effects of both the market development and different policies on price transmission are analyzed in detail. Due to the numerous changes in the market, a regime-dependent Markov-switching vector error correction model is applied. The results indicate that regimes with differing error-correction behavior govern the transmission process among the various prices. Evidence was found for a strong impact of crude oil price on biodiesel prices, and of biodiesel prices on rapeseed oil prices. However, in both cases, the price adjustment behavior is found to be regime dependent, and the regime occurrence in both market segments shows similar patterns. In relation to crude oil a weak adjustment of biodiesel prices is found to be dominating in the phase of market expansion. This changed from 2007 on when stronger error-correction is found, reflected by a stronger role of the crude oil price developments. In the relationship of biodiesel to the vegetable oils, most of the growth period was dominated by a regime characterized by weak price adjustments. From 2007 on, past own price changes and past changes in soya oil prices had a strong impact particularly on rapeseed oil prices. The biodiesel price development was less important. Reasons for this are substantial changes in the market structure. The biodiesel market developed as an insulated market; biodiesel was

High Temperature Gas-Cooled Reactor Projected Markets and Preliminary Economics

Energy Technology Data Exchange (ETDEWEB)

Larry Demick

2011-08-01

This paper summarizes the potential market for process heat produced by a high temperature gas-cooled reactor (HTGR), the environmental benefits reduced CO2 emissions will have on these markets, and the typical economics of projects using these applications. It gives examples of HTGR technological applications to industrial processes in the typical co-generation supply of process heat and electricity, the conversion of coal to transportation fuels and chemical process feedstock, and the production of ammonia as a feedstock for the production of ammonia derivatives, including fertilizer. It also demonstrates how uncertainties in capital costs and financial factors affect the economics of HTGR technology by analyzing the use of HTGR technology in the application of HTGR and high temperature steam electrolysis processes to produce hydrogen.

Bio fuels. A comparative analysis; Biokraftstoffe. Eine vergleichende Analyse

Energy Technology Data Exchange (ETDEWEB)

Schmitz, Norbert; Henke, Jan; Klepper, Gernot

2009-07-01

The market for bio fuels is subject to very high dynamics worldwide. Due to the extreme rise of the prices of raw materials as well as due to the retrogressive tax reductions for bio fuels in Germany one hardly invests in bio fuels. Substantial changes are experienced in the markets for fossil raw materials. The prices for agrarian raw material used in this contribution originate from the years 2006 and 2007. The effects of clearly higher oil prices on the bio fuel market are described. The investigation under consideration also deals with criteria of sustainability. The contribution of the individual bio fuels to the reduction of greenhouse gases is analyzed. The costs resulting from this are numerated. This enables a well-established comparison in which less representative bio fuels such as bio methane, BtL fuels and cellulose ethanol also are included.

European opportunities for fuel cell commercialisation

Science.gov (United States)

Gibbs, C. E.; Steel, M. C. F.

1992-01-01

The European electricity market is changing. This paper will look at the background to power generation in Europe and highlight the recent factors which have entered the market to promote change. The 1990s seem to offer great possibilities for fuel cell commercialisation. Awareness of environmental problems has never been greater and there is growing belief that fuel cell technology can contribute to solving some of these problems. Issues which have caused the power industry in Europe to re-think its methods of generation include: concern over increasing carbon dioxide emissions and their contribution to the greenhouse effect; increasing SO x and NO x emissions and the damage cause by acid rain; the possibility of adverse effects on health caused by high voltage transmission lines; environmental restrictions to the expansion of hydroelectric schemes; public disenchantment with nuclear power following the Chernobyl accident; avoidance of dependence on imported oil following the Gulf crisis and a desire for fuel flexibility. All these factors are hastening the search for clean, efficient, modular power generators which can be easily sited close to the electricity consumer and operated using a variety of fuels. It is not only the power industry which is changing. A tightening of the legislation concerning emissions from cars is encouraging European auto companies to develop electric vehicles, some of which may be powered by fuel cells. Political changes, such as the opening up of Eastern Europe will also expand the market for low-emission, efficient power plants as attempts are made to develop and clean up that region. Many Europeans organisations are re-awakening their interest, or strengthening their activities, in the area of fuel cells because of the increasing opportunities offered by the European market. While some companies have chosen to buy, test and demonstrate Japanese or American fuel cell stacks with the aim of gaining operational experience and

Assessing the current Brazilian sugar cane industry and directing developments for maximum fossil fuel mitigation for the international petrochemical market

NARCIS (Netherlands)

Brehmer, B.; Sanders, J.P.M.

2009-01-01

The EU proposes that 5.75% of the transportation fuels market consist of biofuels by 2010 and the USA proposes that all gasoline be blended with 10% bioethanol by 2012. While these targets have not yet been reached, an aura of critique is emerging, arguing that biofuel mandates are not sustainable.

Fuel Cell Seminar, 1992: Program and abstracts

Energy Technology Data Exchange (ETDEWEB)

1992-12-31

This year`s theme, ``Fuel Cells: Realizing the Potential,`` focuses on progress being made toward commercial manufacture and use of fuel cell products. Fuel cell power plants are competing for market share in some applications and demonstrations of market entry power plants are proceeding for additional applications. Development activity on fuel cells for transportation is also increasing; fuel cell products have potential in energy and transportation industries, with very favorable environmental impacts. This Seminar has the purpose of fostering communication by providing a forum for the international community interested in development, application, and business opportunities related fuel cells. Over 190 technical papers are included, the majority being processed for the data base.

The uranium market and its characteristics

International Nuclear Information System (INIS)

Langlois, J.-P.

1978-01-01

The subject is covered in sections, entitled as shown. Numerical data are indicated in parenthesis. General characteristics of the uranium market, (enrichment plant variables, fuel requirements of a 1000 MWe power plant); demand pattern (enrichment cost relationships), supply pattern; uranium price analysis, production cost (relationship between future uranium requirements and discovery rates necessary), market break-even cost (break-even uranium cost as a function of fossil fuel prices), market value (theoretical and actual supply - demand balance in uranium market, relationship between U 3 O 8 price and world production); geographic and economic distribution of producers and consumers (world resources of uranium, relationship between U 3 0 8 world production capacity and annual requirements in 1990). (U.K.)

Fuel cells: Project Volta

Energy Technology Data Exchange (ETDEWEB)

Vellone, R.; Di Mario, F.

1987-09-01

This paper discusses research and development in the field of fuel cell power plants. Reference is made to the Italian research Project Volta. Problems related to research program financing and fuel cell power plant marketing are discussed.

The relevance of imports to the liberalization of the fuel market; O papel das importacoes na liberalizacao do mercado de combustiveis

Energy Technology Data Exchange (ETDEWEB)

Moraes, Ricardo Kalil; Saintive, Marcelo Barbosa [Ministerio da Fazenda, Brasilia, DF (Brazil); Kuhn, Ernani Lustosa [Agencia Nacional de Transportes Terrestres (ANTT), Brasilia, DF (Brazil)

2004-07-01

In this draft, we discuss the play of importation in the Brazilian fuel market. After two years, one would be allowed to state how effective importation is and we analyze the structural restriction in the sector. For that, we illustrate these ideas with the theoretical pricing for the gap between import parity and export parity, with data for the gasoline and heating oil domestic prices, with the quantum of importation. For one hand, this simple analyze not allow the rejection of the import parity pricing. For the other hand, we suggest this market maybe not contestable by importation. Also, it seems that importation would not be enough for eliminate anti competitive conduct in this market. (author)

Risk and Derivative Price

OpenAIRE

Yusuke Osaki

2007-01-01

We consider an asset market traded three types of assets: the risk–free asset, the market portfolio and derivatives written on the market portfolio return. We determine a sufficient condition to guarantee that noise risk monotonically changes their derivatives. The condition is that Arrow–Pratt absolute risk aversion is decreasing and convex.

Fuel cells for vehicle applications in cars - bringing the future closer

Science.gov (United States)

Panik, Ferdinand

Among all alternative drive systems, the fuel cell electric propulsion system has the highest potential to compete with the internal combustion engine. For this reason, Daimler-Benz AG has entered into a co-operative alliance with Ballard Power Systems, with the objectives of bringing fuel cell vehicles to the market. Apart from the fuel cell itself, fuel cell vehicles require comprehensive system technology to provide fuel and air supply, cooling, energy management, electric and electronic functions. The system technology determines to a large extent the cost, weight, efficiency, performance and overall customer benefit of fuel cell vehicles. Hence, Daimler-Benz and Ballard are pooling their expertise in fuel cell system technology in a joint company, with the aim of bringing their fuel cell vehicular systems to the stage of maturity required for market entry as early as possible. Hydrogen-fuelled zero-emission fuel cell transit `buses' will be the first market segment addressed, with an emphasis on the North American and European markets. The first buses are already scheduled for delivery to customers in late 1997. Since a liquid fuel like methanol is easier to handle in passenger cars, fuel reforming technologies are developed and will shortly be demonstrated in a prototype, as well. The presentation will cover concepts of fuel cell vehicles with an emphasis on system technology, the related testing procedures and results as well as an outline of market entry strategies.

Nuclear fuel

International Nuclear Information System (INIS)

Azevedo, J.B.L. de.

1980-01-01

All stages of nuclear fuel cycle are analysed with respect to the present situation and future perspectives of supply and demand of services; the prices and the unitary cost estimation of these stages for the international fuel market are also mentioned. From the world resources and projections of uranium consumption, medium-and long term analyses are made of fuel availability for several strategies of use of different reactor types. Finally, the cost of nuclear fuel in the generation of electric energy is calculated to be used in the energetic planning of the electric sector. (M.A.) [pt

HTGR fuel and fuel cycle technology

International Nuclear Information System (INIS)

Lotts, A.L.; Homan, F.J.; Balthesen, E.; Turner, R.F.

1977-01-01

Significant advances have occurred in the development of HTGR fuel and fuel cycle. These accomplishments permit a wide choice of fuel designs, reactor concepts, and fuel cycles. Fuels capable of providing helium outlet temperatures of 750 0 C are available, and fuels capable of 1000 0 C outlet temperatures may be expected from extension of present technology. Fuels have been developed for two basic HTGR designs, one using a spherical (pebble bed) element and the other a prismatic element. Within each concept a number of variations of geometry, fuel composition, and structural materials are permitted. Potential fuel cycles include both low-enriched and high-enriched Th- 235 U, recycle Th- 233 U, and Th-Pu or U-Pu cycles. This flexibility offered by the HTGR is of great practical benefit considering the rapidly changing economics of power production. The inflation of ore prices has increased optimum conversion ratios, and increased the necessity of fuel recycle at an early date. Fuel element makeup is very similar for prismatic and spherical designs. Both use spherical fissile and fertile particles coated with combinations of pyrolytic carbon and silicon carbide. Both use carbonaceous binder materials, and graphite as the structural material. Weak-acid resin (WAR) UO 2 -UC 2 fissile fuels and sol-gel-derived ThO 2 fertile fuels have been selected for the Th- 233 U cycle in the prismatic design. Sol-gel-derived UO 2 UC 2 is the reference fissile fuel for the low-enriched pebble bed design. Both the United States and Federal Republic of Germany are developing technology for fuel cycle operations including fabrication, reprocessing, refabrication, and waste handling. Feasibility of basic processes has been established and designs developed for full-scale equipment. Fuel and fuel cycle technology provide the basis for a broad range of applications of the HTGR. Extension of the fuels to higher operating temperatures and development and commercial demonstration of fuel

The legalization of cannabis derivatives in Spain: Hypothesis on a potential emerging market.

Science.gov (United States)

Álvarez, Arturo; Gamella, Juan F; Parra, Iván

2017-06-28

First, this paper estimates the dimensions of the market for cannabis in Spain using data on the extent of consumption and the main patterns of use of consumers. Then the paper reviews the hypothetical production and distribution costs of these drugs in different production regimes under different legal conditions. The review shows that current prices of cannabis in the illegal market could be notably reduced if production and distribution of cannabis were decriminalized and even more if they were performed by legal enterprises. Thirdly, we examine the relationship between prices and consumption levels by analysing the price elasticity of demand. A fall in the prices of cannabis products will likely result in an increase in the number of users and in the total amount consumed. Lastly we consider several alternatives for the taxation of cannabis derivatives to counteract the likely fall in prices, and their pros and cons.

Sustainable resource planning in energy markets

International Nuclear Information System (INIS)

Kamalinia, Saeed; Shahidehpour, Mohammad; Wu, Lei

2014-01-01

Highlights: • Sustainable resource planning with the consideration of expected transmission network expansion. • Incomplete information non-cooperative game-theoretic method for GEP. • Maximizing utility value whiling considering merits of having various generation portfolios. • Minimizing risk of investment using renewable generation options. • Application of the stochastic approach for evaluating the unpredictability of opponent payoffs and commodity values. - Abstract: This study investigates the role of sustainable energy volatility in a market participant’s competitive expansion planning problem. The incomplete information non-cooperative game-theoretic method is utilized in which each generation company (GENCO) perceives strategies of other market participants in order to make a decision on its strategic generation capacity expansion. Sustainable generation incentives, carbon emission penalties, and fuel price forecast errors are considered in the strategic decisions. The market clearing process for energy and reserves is simulated by each GENCO for deriving generation expansion decisions. A merit criterion (i.e., the utility value) is proposed for a more realistic calculation of the expected payoff of a GENCO with sustainable energy resources. Finally, the impact of transmission constraints is investigated on the GENCO’s expansion planning decision. The case studies illustrate the effectiveness of the proposed method

Sustainable Energy Consumption in Northeast Asia: A Case from China’s Fuel Oil Futures Market

Directory of Open Access Journals (Sweden)

Chi Zhang

2018-01-01

Full Text Available The sustainable energy consumption in northeast Asia has a huge impact on regional stability and economic growth, which gives price volatility research in the energy market both theoretical value and practical application. We select China’s fuel oil futures market as a research subject and use recurrence interval analysis to investigate the price volatility pattern in different thresholds. We utilize the stretched exponential function to fit the pattern of the recurrence intervals of price fluctuations and find that the probability density functions of the recurrence intervals in different thresholds do not show the scaling behavior. Then the conditional probability density function and detrended fluctuation analysis prove that there is short-term and long-term correlation. Last, we use a hazard function to introduce the recurrence intervals into the (value at risk VaR calculation and establish a functional relationship between the mean recurrence interval and the threshold. Following this result, we also shed light on policy discussion for hedgers and government.

Fuel Mix Impacts from Transportation Fuel Carbon Intensity Standards in Multiple Jurisdictions

Science.gov (United States)

Witcover, J.

2017-12-01

Fuel carbon intensity standards have emerged as an important policy in jurisdictions looking to target transportation greenhouse gas (GHG) emissions for reduction. A carbon intensity standard rates transportation fuels based on analysis of lifecycle GHG emissions, and uses a system of deficits and tradable, bankable credits to reward increased use of fuels with lower carbon intensity ratings while disincentivizing use of fuels with higher carbon intensity ratings such as conventional fossil fuels. Jurisdictions with carbon intensity standards now in effect include California, Oregon, and British Columbia, all requiring 10% reductions in carbon intensity of the transport fuel pool over a 10-year period. The states and province have committed to grow demand for low carbon fuels in the region as part of collaboration on climate change policies. Canada is developing a carbon intensity standard with broader coverage, for fuels used in transport, industry, and buildings. This study shows a changing fuel mix in affected jurisdictions under the policy in terms of shifting contribution of transportation energy from alternative fuels and trends in shares of particular fuel pathways. It contrasts program designs across the jurisdictions with the policy, highlights the opportunities and challenges these pose for the alternative fuel market, and discusses the impact of having multiple policies alongside federal renewable fuel standards and sometimes local carbon pricing regimes. The results show how the market has responded thus far to a policy that incentivizes carbon saving anywhere along the supply chain at lowest cost, in ways that diverged from a priori policy expectations. Lessons for the policies moving forward are discussed.