(471h) Natural Gas to Liquids, Olefins, and Aromatics Under Uncertainty in Feedstock and Product Prices
AIChE Annual Meeting
Wednesday, November 16, 2016 - 10:43am to 11:02am
The economics of such natural gas facilities is intricately dependent on the complexity of the refinery configuration and the type, quantity, and quality of products produced (i.e., the product slate). The large chemical space available for the manufacture of liquid fuels and chemicals has been expanded even further in recent years due to novel and emerging technologies that can produce liquid fuels, olefins, and aromatics. [3-6] The types of technologies to utilize and the types of products to produce is a tremendously difficult challenge to address, one that is further complicated with the uncertainty surrounding the costs and prices of feedstocks and products, respectively. In this talk, we address these challenges through a robust optimization framework that is incorporated in a large-scale process superstructure that contains several alternatives for the production of fuels, olefins, and aromatics from natural gas. [6-10] We introduce an important production parameter that allows us to investigate the economic effects of natural gas to liquids, olefins, and aromatics refineries. The resulting large-scale, nonconvex, mixed-integer, nonlinear optimization (MINLP) model is solved using our novel global optimization algorithm. 
Our comprehensive optimization-based process synthesis framework contains several direct and indirect natural gas conversion technologies and numerous hydrocarbon production alternatives, including Fischer-Tropsch refining and methanol synthesis; each of which is compared to determine the optimal processing pathway. [2-6] Multiple commercial and novel technologies for the production of the olefins and aromatics, such as methanol-to-olefins and toluene alkylation with methanol, are rigorously modeled. [5,6] The key production parameter is introduced as a function of the important products output from the refinery, namely, gasoline, diesel, kerosene, aromatics, and olefins. Robust counterparts are formulated in order to address the uncertainty associated with feedstock and product prices.
Several case studies are presented to investigate the effect of plant capacity and production ratios on the overall profit of the refinery and incorporate uncertainty in the optimal solutions obtained. A discussion on the robust refinery designs that incorporate the effect of uncertainty will follow with emphasis on the major topological decisions as a function of the production parameter. The economic and environmental tradeoffs of the refineries are presented.
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