Impact of Carbon Cap and Trade on Refinery Conservation Economics

13th Topical on Refinery Processing
2010 AIChE Spring Meeting
AIChE Spring Meeting and Global Congress on Process Safety
March 21, 2010 - 8:00pm

A program directed at the reduction of green house gas (GHG) emissions has been the object of increased focus in US public policy. This is evident by the House of Representatives passing The American Energy and Security Act (H.R. 2454) in June 2009 and the EPA actively pursuing ways in which the Clean Air Act can be used to reduce GHG as a result of their determination that GHG is an endangerment to human health and welfare. In H.R. 2454 individual refiners would be responsible for GHG emissions from their manufacturing operations plus the emissions from the combustion of the fuels they sell. These total emissions represent about 35% of the total US GHG inventory; however in H.R. 2454 the refining sector is given 2% of the available emission allowances per year until 2025. This will result in refiners having to either purchase or find offsets for over 90% of their regulated GHG emissions.

As a result of a carbon constrained economy there are likely to be significant incentives to implement energy conservation projects that are marginal or uneconomic based only on the value of fuel savings. In this paper several case studies will be presented where refinery energy conservation options will be considered with the economics for GHG emissions reductions included. A sensitivity analysis on the value of the carbon credits will be included in the economic evaluation.

This recording is FREE to members of the Fuels and Petrochemicals Division of AIChE. AIChE members may join the Division for only $10. Join F&PD now and return to this page with your new log-in and you will receive this presentation for FREE.
F&PD Members: Simply click on “click here to buy this archived webcast ” below and your ‘0’ price will appear in your shopping cart.
Professional Development Hours
0.5 PDHs
You will be able to download and print a certificate for these PDH credits once the content has been viewed. If you have already viewed this content, please click here to login.
Presenter(s): 

Would you like to access this content?

No problem. You just have to complete the following steps.

You have completed 0 of 2 steps.

  1. Log in

    You must be logged in to view this content. Log in now.

  2. Purchase Technical Presentation

    You must purchase this technical presentation using one of the options below.
    If you already purchased this content recently, please click here to refresh the system's record of ownerships.

Pricing

Credits 0.5 Use credits
List Price $25.00 Buy now
AIChE Members $15.00 Buy now
AIChE Fuels and Petrochemicals Division Members Free Free access
AIChE Undergraduate Student Members Free Free access
AIChE Graduate Student Members $15.00 Buy now
Related Topics: