"Matrix/Modular" - An Approach to Analyzing Cogeneration Opportunities in Industry

Abstract

The petrochemical industry has long recognized that electrical and mechanical energy can be generated as a by-product of its process steam requirements. Years ago, some petrochemical plants generated all of their own electrical power. However, over the last twenty years the proportion of industrial electric power generation has declined. This change was primarily a result of favorable utility rates, a shortage of equity capital for investment in industrial power generating facilities, and an uncertain regulatory environment.