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Economic aspects of wood‐burning installations
Author(s) -
Fels M.,
Cooper D.F.,
Patterson M.N.
Publication year - 1988
Publication title -
the canadian journal of chemical engineering
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.404
H-Index - 67
eISSN - 1939-019X
pISSN - 0008-4034
DOI - 10.1002/cjce.5450660327
Subject(s) - capital cost , payback period , environmental science , internal rate of return , capital (architecture) , agricultural economics , economics , natural resource economics , production (economics) , geography , microeconomics , archaeology , macroeconomics
Economic data were obtained from 15 industrial wood burners. The capital cost was correlated by: Cost = $7870 (kW) 0.59 . Operating cost varied between $ 0.64 and $ 2.65 per kWhr output, payback times between 3.5 and 11 years and internal rates of return between 6.3% and 28%. Using average values of economic parameters, these results were recalculated on a common basis as a function of wood and electricity costs.