Abstract
The objective of this research is to develop a management tool for analyzing combined heat and power (CHP) natural gas liquids (NGL) recovery systems. The methodology is developed around the central ideas of product recovery, possible recovery levels, and the flexibility of the process. These ideas led to the design of the CHP-NGL recovery system and the development of the equipment sizing and economic analysis methods. Requirements for sizing refrigeration units, heat exchangers, and pumps are discussed and demonstrated. From the data sheets it is possible to gather costs associated with the project and demonstrate the economic feasibility of the system. The amount of NGL recovered, heating value, payback period, cash flow, net present value of money, and the internal rate of return are calculated and demonstrated to be favorable to this project.
Olsen, C.; Kozman, T. A.; Lee, J. (2008). A Management Tool for Analyzing CHP Natural Gas Liquids Recovery System. Energy Systems Laboratory (http://esl.tamu.edu); Texas A&M University (http://www.tamu.edu). Available electronically from
https : / /hdl .handle .net /1969 .1 /88013.