The Economics of Gasification: A Market-Based Approach

This paper deals with the economics of gasification facilities in general and IGCC power plants in particular. Regarding the prospects of these systems, passing the technological test is one thing, passing the economic test can be quite another. In this respect, traditional valuations assume constant input and/or output prices. Since this is hardly realistic, we allow for uncertainty in prices. We naturally look at the markets where many of the products involved are regularly traded. Futures markets on commodities are particularly useful for valuing uncertain future cash flows. Thus, revenues and variable costs can be assessed by means of sound financial concepts and actual market data. On the other hand, these complex systems provide a number of flexibility options (e.g., to choose among several inputs, outputs, modes of operation, etc.). Typically, flexibility contributes significantly to the overall value of real assets. Indeed, maximization of the asset value requires the optimal exercise of any flexibility option available. Yet the economic value of flexibility is elusive, the more so under (price) uncertainty. And the right choice of input fuels and/or output products is a main concern for the facility managers. As a particular application, we deal with the valuation of input flexibility. We follow the Real Options approach. In addition to economic variables, we also address technical and environmental issues such as energy efficiency, utility performance characteristics and emissions (note that carbon constraints are looming). Lastly, a brief introduction to some stochastic processes suitable for valuation purposes is provided.

Lessons from History for Transitions to a Low Carbon Economy

4 p.

Linking Reduced Deforestation and a Global Carbon Market: Impacts on Costs, Financial Flows, and Technological Innovation

25 p.

Divergences in the Long Run Trends in the Price of Energy and of Energy Services

32 p.

The Slow Search for Solutions: Lessons from Historical Energy Transitions by Sector and Service

28 p.

The Long Run Demand for Lighting: Elasticities and Rebound Effects in Different Phases of Economic Development

25 p.

The Green Paradox and Learning-by-doing in the Renewable Energy Sector

21 p.

Decarbonising urban transportation

18 p.

Local air pollution and global climate change taxes: a distributional analysis

25 p.

Recursos de combustible en central nuclear de fusión en el País Vasco

[ES]Este trabajo surge de la inquietud del alumno sobre la energía nuclear y mas concretamente sobre la energía de fusión. Esta inquietud se plasma en una recopilación de información sobre los combustibles necesarios , su abundancia y su forma de obtención actual. Analizaremos la posibilidad de implantar alguna de estas plantas de combustible en el País Vasco, junto con un estudio de una posible central nuclear de fusión con la suma de la potencia de cada uno de los reactores de fisión que se encuentran actualmente en funcionamiento en el estado Español. Compararemos las cantidades de combustible necesarias en un año de uranio y el combustible de fusión, así como el coste de construcción de cada una.

Geology alive. GeoBizirik.org

Geology is the science that studies the Earth, its composition, structure and origin in addition to past and present phenomena that leave their mark on rocks. So why does society need geologists? Some of the main reasons are listed below: - Geologists compile and interpret information about the earth’s surface and subsoil, which allows us to establish the planet’s past history, any foreseeable changes and its relationship with the rest of the solar system. - Society needs natural resources (metals, non-metals, water and fossil fuels) to survive. The work of geologists is therefore a key part of finding new deposits and establishing a guide for exploring and managing resources in an environmentally-friendly way. - The creation of geological maps allows us to identify potential risk areas and survey different land uses; in other words, they make an essential contribution to land planning and proposing sustainable development strategies in a region. - Learning about Geology and the proper use of geological information contributes to saving lives and reducing financial loss caused by natural catastrophes such as earthquakes, tsunamis, volcanic eruptions, flooding and landslides, while also helping to develop construction projects, public works, etc. Through the proposed activities we aim to explain some of the basic elements of the different specialities within the field of Geological Sciences. In order to do this, four sessions have been organised that will allow for a quick insight into the fields of Palaeontology, Mineralogy, Petrology and Tectonics.

Geology alive. GeoBizirik.org

Geology is the science that studies the Earth, its composition, structure and origin in addition to past and present phenomena that leave their mark on rocks. So why does society need geologists? Some of the main reasons are listed below: - Geologists compile and interpret information about the earth’s surface and subsoil, which allows us to establish the planet’s past history, any foreseeable changes and its relationship with the rest of the solar system. - Society needs natural resources (metals, non-metals, water and fossil fuels) to survive. The work of geologists is therefore a key part of finding new deposits and establishing a guide for exploring and managing resources in an environmentally-friendly way. - The creation of geological maps allows us to identify potential risk areas and survey different land uses; in other words, they make an essential contribution to land planning and proposing sustainable development strategies in a region. - Learning about Geology and the proper use of geological information contributes to saving lives and reducing financial loss caused by natural catastrophes such as earthquakes, tsunamis, volcanic eruptions, flooding and landslides, while also helping to develop construction projects, public works, etc. Through the proposed activities we aim to explain some of the basic elements of the different specialities within the field of Geological Sciences. In order to do this, four sessions have been organised that will allow for a quick insight into the fields of Palaeontology, Mineralogy, Petrology and Tectonics.

Magnetic Cross-Linked Enzyme Aggregates (mCLEAs) of Candida antarctica Lipase: An Efficient and Stable Biocatalyst for Biodiesel Synthesis

Enzyme-catalyzed production of biodiesel is the object of extensive research due to the global shortage of fossil fuels and increased environmental concerns. Herein we report the preparation and main characteristics of a novel biocatalyst consisting of Cross-Linked Enzyme Aggregates (CLEAs) of Candida antarctica lipase B (CALB) which are covalently bound to magnetic nanoparticles, and tackle its use for the synthesis of biodiesel from non-edible vegetable and waste frying oils. For this purpose, insolubilized CALB was covalently cross-linked to magnetic nanoparticles of magnetite which the surface was functionalized with –NH2 groups. The resulting biocatalyst combines the relevant catalytic properties of CLEAs (as great stability and feasibility for their reutilization) and the magnetic character, and thus the final product (mCLEAs) are superparamagnetic particles of a robust catalyst which is more stable than the free enzyme, easily recoverable from the reaction medium and reusable for new catalytic cycles. We have studied the main properties of this biocatalyst and we have assessed its utility to catalyze transesterification reactions to obtain biodiesel from non-edible vegetable oils including unrefined soybean, jatropha and cameline, as well as waste frying oil. Using 1% mCLEAs (w/w of oil) conversions near 80% were routinely obtained at 30°C after 24 h of reaction, this value rising to 92% after 72 h. Moreover, the magnetic biocatalyst can be easily recovered from the reaction mixture and reused for at least ten consecutive cycles of 24 h without apparent loss of activity. The obtained results suggest that mCLEAs prepared from CALB can become a powerful biocatalyst for application at industrial scale with better performance than those currently available.

Reutilización de escoria negra de acería como soporte en biofiltros para la eliminación de H2S del biogás.

[EN]Due to the limitations associated with fossil fuels it is necessary to promote energy sources that are renewable as well as eco-friendly, such as biogas generated in anaerobic digesters. The biogas, composed principally of methane and CO2, is the result of the biodegradation of organic matter under anaerobic conditions. Its use as fuel is limited by the presence of minority compounds such as hydrogen sulphide (H2S); therefore, its pre-treatment is necessary. Currently there are various technologies for the removal of H2S from a gas stream, but most of them are based on physic-chemical treatments which have a number of drawbacks as reactive consumption, generation of secondary flows, etc. Biofiltration has been used as an efficient and low cost alternative to conventional purification processes, and excellent results for the degradation of H2S have been obtained. However process can be limited due to the progressive ageing of the support material, along with the loss of nutrients and other specific characteristics necessary for the good development of biomass. The purpose of this project is to develop a mixed support consisting of a mixture of an organic material and an inorganic support for its application in the removal of the H2S from biogas. This support material helps to optimize the characteristics of the bed and extend its lifespan. The development of such material will contribute to the implementation of biofiltration for treating biogas from anaerobic digesters for its use as biofuel. The inorganic material used is electric arc furnace (EAF) black slag, a by-product generated in large quantities in the production of steel in the Basque Country. Although traditionally the slag has been used in civil engineering, its physicochemical characteristics make it suitable for reuse as a filter medium in biofiltration. The main conclusion drawn from the experimental results is that EAF black slag is a suitable co-packing material in organic biofilters treating H2S-polluted gaseous streams. High pollutant removal rates have been achieved during the whole experimental period. The removal capacity recorded in biofilters with less inorganic material was higher than in those with higher slag portion. Nevertheless, all the biofilters have shown a satisfactory response even at high inlet loads (48 g·m-3·h-1), where the RE has not decreased over 82%.

Desarrollo de catalizadores en sistemas de reacción avanzados para la producción de hidrógeno a partir de biogás

[ES]En el presente documento se expone el estudio experimental que consiste en la comparación de diferentes catalizadores en sistemas de reacción avanzados, microrreactores, para la producción de hidrógeno a partir de biogás. El hidrógeno es un vector energético que puede emplearse como combustible, y por tanto, un candidato perfecto para sustituir aquellos combustibles provenientes de fuentes fósiles. Este Proyecto de Fin de Grado se ha basado en desarrollar el proceso conocido como tri-reformado de biogás. Esta técnica, al contrario que las técnicas convencionales de producción, presenta numerosas ventajas ya que la materia prima empleada, el biogás, es una fuente de origen renovable. Para llevar a cabo este estudio se han preparado distintos catalizadores, basados todos ellos en platino. La elección de este metal noble es debido a su alto grado de reactividad, especialmente en sistemas de reacción micro-estructurados. Con el objetivo de reducir los costes asociados al propio catalizador, se añadieron, junto con el platino, otros metales más baratos a fin de analizar su idoneidad en el proceso del tri-reformado. Por tanto, partiendo de un catalizador de referencia que contiene un 5% de platino, se prepararon otros catalizadores mantenido constante, en un 5%, la composición de metal total. Estos catalizadores se han denominado de la siguiente manera: 2.5(Pt-Me), siendo Me cada especie metálica diferente. Tras preparar los catalizadores, se llevaron a cabo diferentes experimentos con un reactor convencional de lecho fijo. El objetivo fue establecer unas condiciones de operación tal que asegurasen una adecuada comparación entre catalizadores. De este modo, se realizaron ensayos de actividad catalítica a diferentes temperaturas y velocidades espaciales para someter a los catalizadores a condiciones de operación extremas, bajo las cuales, las diferencias entre catalizadores fueran más notorias. Una vez detalladas las condiciones de operación adecuadas para la comparación de catalizadores, se llevaron a cabo los correspondientes ensayos con los catalizadores impregnados en los sistemas de reacción avanzados, denominados micorreactores. Estos ensayos se basaron en operar a una velocidad espacial constante para estudiar la influencia de la temperatura. Además, se llevaron a cabo ensayos de estabilidad de hasta 110 horas en las condiciones de operación más desfavorables. Por último se compararon las conversiones de CH4 y CO2 y el rendimiento de H2 de todas las formulaciones catalíticas preparadas, y se concluyó que el mejor candidato para el proceso del tri-reformado es el catalizador 2.5(Pt-Pd).