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Sensitivity analysis of investments in the pulp and paper industry On investments in the chemical recovery cycle at a board mill
Author(s) -
Karlsson M.,
Söderström M.
Publication year - 2002
Publication title -
international journal of energy research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.808
H-Index - 95
eISSN - 1099-114X
pISSN - 0363-907X
DOI - 10.1002/er.848
Subject(s) - mill , pulp mill , electricity , boiler (water heating) , engineering , paper mill , process engineering , waste management , mechanical engineering , effluent , electrical engineering
In the pulp and paper industry, energy costs represents a relatively large proportion of the value of production. When investing in new equipment, considerations concerning boundary conditions, such as electricity and oil prices, are therefore of great importance. A vital requirement is the identification of other key parameters influencing production costs as well as possible interaction between these parameters. In this paper, a sensitivity analysis is accomplished by using an optimization model that minimizes the system cost combined with a systematic approach involving a statistical method. The paper analyses the possibilities of investing in a new chemical recovery cycle, including a new recovery boiler and evaporation plant, at a Swedish board mill. The study includes a survey of future changes, together with forecasts of boundary conditions, such as changes in the price of electricity and oil. Interactions between different parameters are also examined. Copyright © 2002 John Wiley & Sons, Ltd.