Economic Appraisal of the Rapid Catalytic Cracking Development Scheme for Municipal Solid Waste

Document Type: Research Article

Authors

1 Department of Health, Safety and Environment, Faculty of Environment, University of Tehran

2 Department of Photogrammetry and Remote Sensing, Faculty of Geodesy and Geomatics Engineering, K. N. Toosi University of Technology, Tehran, Iran

3 Center of science, high technology and environmental science, Graduate University of Advanced Technology, Kerman, Iran

10.22097/eeer.2019.158822.1050

Abstract

There are a wide range of modern waste disposal systems and the costs of operating them greatly vary. The type of waste disposal system to be used is selected based on the nature of the operation, process and needs of the local community. In Iran, mixed municipal waste with significant contamination and humidity is prevalent. As a result, the most commonly used methods implemented in European and American countries are not applicable in Iran and in many cases, investments on these technologies have failed. Among the methods that have attracted the attention of authorities and urban managers are the mixed waste disposal approaches associated with positive economic returns such as Rapid Catalytic Cracking systems (RCC). In this study, the economic aspects of implementing an engineering investment model on a typical RCC unit is studied in order to evaluate the economic development of the project regarding the local and regional conditions and challenges. The data collected in 2017 were used in this study and results were obtained using COMFAR. The internal rate of return (IRR) of an RCC system with a capacity of 180 tons per urban waste for a lifespan of ten years is 80.23%, which indicates there is a very attractive economic justification for the scheme compared to the interest rate (20%).

Keywords


Aghaei, M., Keivanfar, M., Kourdi, A. R. N., & Haji, S. J. (2013). Financial and Economic Assessment of Creating the ETKA Hypermarket (In Mashhad Metropolis). Journal of Basic and Applied Scientific Research.

Bender, M. (1999). Economic feasibility review for community-scale farmer cooperatives for biodiesel. Bioresource Technology, 70(1), 81-87.

Esen, H., Inalli, M., & Esen, M. (2006). Technoeconomic appraisal of a ground source heat pump system for a heating season in eastern Turkey. Energy Conversionand Management, 47(9), 1281-1297. 

Healy, P., & Ugursal, V. (1997). Performance and economic feasibility of ground source heat pumps in cold climate. International Journal of Energy Research, 21(10), 857-870. 

Mahmoudi, A., & Mahdavi, M. (2011). Application of an international standard pattern for financial and economical evaluation of the tourism services projects (case study Rijab-Dalahou City-Kermanshah Province). Indian Journal of Science and Technology, 4(6), 708-715.

Nelson, R. G., Howell, S. A., & Weber, J. A. (1994). Potential feedstock supply and costs for biodiesel production. Retrieved from

Noordam, M., & Withers, R. (1996). Producing biodiesel from canola in the inland northwest: an economic feasibility study. Idaho Agricultural ExperimentStation Bulletin, 785, 12. 

Petit, P., & Meyer, J. (1998). Economic potential of vertical ground-source heat pumps compared to air-source air conditioners in South Africa. Energy, 23(2), 137-143. 

Rashidi, R., Shariati, A., Moravvej, Z., & Shiroudi, A. (2013). Technical review and economic assessment of ground source heat pump utilization in Taleghan-Iran. Journal of Renewable and Sustainable Energy, 5(3), 033125. 

The World Bank, “Municipal Solid Waste Incineration” (Technical Guidance Report),Washington, D.C., 1999.

Rashidi, R., Shariati, A., Moravvej, Z., & Shiroudi, A. (2013). Technical review and economic assessment of ground source heat pump utilization in Taleghan-Iran. Journal of Renewable and Sustainable Energy, 5(3), 033125. 

Vahidi, H., Ghazban, F., Abdoli, M., Kazemi, V., & Banaei, S. (2014). Fuzzy Analytical Hierarchy Process Disposal Method Selection for an Industrial State; Case Study Charmshahr. Arabian Journal for Science & Engineering (Springer Science & Business Media BV), 39(2). 

Vahidi, H., Hoveidi, H., Khoie, J. K., Nematollahi, H., & Heydari, R. (2017a). Analyzing material flow in Alborz industrial estate, Ghazvin, Iran. Journal of Material Cycles and Waste Management, 1-11. 

Vahidi, H., Nematollahi, H., Padash, A., Sadeghi, B., & RiyaziNejad, M. (2017b). Comparison of Rural Solid Waste Management in Two Central Provinces of Iran. Environmental Energy and Economic Research, 1, 209-220.