posted on 2015-06-17, 00:00authored byQingchun Yang, Yu Qian, Yajun Wang, Huairong Zhou, Siyu Yang
The increasing demand
of crude oil is in conflict with the shortage
of supply, forcing many countries to seek for alternative energy resources.
Oil shale is welcomed by many countries that are short of conventional
fossil fuels. China mainly uses retorting technology for shale oil
production. Fushun-type oil shale retorting technology takes the largest
share in the oil shale industry. However, this technology is always
criticized by its unsatisfactory economic performance. It is caused
by many reasons. One of the most important problems is the inefficient
utilization of retorting gas. The idea of our research is to utilize
the retorting gas to produce higher valued chemicals. For this, chemical
looping technology is integrated into the retorting process for hydrogen
production. This proposed process is modeled and simulated to build
its mass and energy balance. Techno-economic analysis is conducted
and compared to the analysis of the Fushun-type oil shale retorting
process. The results show that the exergy destruction of the proposed
process is 235.62 MW, much lower than that of the conventional process,
274.76 MW. In addition, the proposed process is less dependent on
shale oil price. Two shale oil price scenarios have been investigated,
showing that the proposed process can still be of benefit, 10.62%
ROI, at low shale oil price, while the ROI of the conventional process
is −2.07%.