Short answer

Integrate gas-to-wire solutions into operational planning to capture value from waste gas streams and improve overall resource efficiency.

Field: Resource Management
Source: CERES (Cranfield University) (2013)
Method: Technoeconomic and risk analysis framework with probabilistic uncertainty analysis using Monte Carlo simulation.
Evidence: Strong effect

Utilizing flared natural gas through gas-to-wire systems can transform an environmental liability into a valuable energy resource, improving operational economics and reducing waste. This resource management research insight is drawn from a 2013 study published in CERES (Cranfield University). Using Technoeconomic and risk analysis framework with probabilistic uncertainty analysis using monte carlo simulation., researchers explored how this design variable affects real-world outcomes. The key design takeaway: Integrate gas-to-wire solutions into operational planning to capture value from waste gas streams and improve overall resource efficiency.

Study

Resource ManagementHigh ImpactStrong effect

Gas-to-Wire Systems Can Turn Flared Gas into Profitable Energy Assets

Utilizing flared natural gas through gas-to-wire systems can transform an environmental liability into a valuable energy resource, improving operational economics and reducing waste.

CERES (Cranfield University) · 2013

Key Findings

01Gas-to-wire systems offer a viable solution for monetizing small-scale associated and stranded natural gas reserves.
02The implementation of gas-to-wire technology can significantly reduce the economic and environmental impact of gas flaring.
03Simple cycle gas turbines provide flexibility for power generation capacity and availability, especially during production decline.

Application

Design takeaway

Integrate gas-to-wire solutions into operational planning to capture value from waste gas streams and improve overall resource efficiency.

How to apply

Assess the volume and composition of flared gas at a facility. Model the potential energy output and economic returns of a gas-to-wire system using appropriate gas turbine technology. Conduct a risk analysis considering market volatility and operational challenges.

Project actions

01When researching energy efficiency, consider waste streams as potential energy sources.
02Explore case studies of industries that have implemented waste-to-energy solutions.

Method & Evidence

AimTo evaluate the technoeconomic feasibility and risks of implementing gas-to-wire systems for onsite electricity generation using small-scale associated and stranded natural gas resources.

MethodTechnoeconomic and risk analysis framework with probabilistic uncertainty analysis using Monte Carlo simulation.

ProcedureThe study developed and applied a framework to iteratively calculate probabilistic recoverable reserves and assess the economic viability of gas turbine engines for power generation from flared gas.

ContextOil and gas industry, energy production, waste gas utilization.

Variables

IVImplementation of gas-to-wire systems, scale of natural gas reserves.

DVTechnoeconomic feasibility, risk assessment, profitability, environmental impact reduction.

CVType of gas turbine engine (simple cycle), gas reserve characteristics (declining production).

Strengths & Limitations

Strengths

+Comprehensive technoeconomic and risk analysis.
+Inclusion of probabilistic uncertainty analysis (Monte Carlo simulation).

Limitations

The cost of implementing gas-to-wire systems can be high, and the availability of suitable gas reserves is a prerequisite. The efficiency of gas turbines can vary significantly with operating conditions.

Reliability & validity

The study's validity is supported by its use of a robust simulation framework (Monte Carlo) for uncertainty analysis. Reliability would depend on the accuracy of the input data regarding gas reserves, turbine performance, and economic factors.

Think critically

To what extent can the economic benefits of gas-to-wire systems offset the initial capital investment and ongoing maintenance costs, especially in fluctuating energy markets?

Design Principles

"Waste valorization: Transform byproducts or waste streams into valuable resources."

This research highlights a practical approach to mitigate the significant economic and environmental costs associated with flaring natural gas. By converting this waste product into electricity, businesses can unlock new revenue streams and enhance the sustainability of their operations.

What This Means for Your Design

This research shows that you can make money and help the environment by using the gas that oil companies usually just burn off (flare). They looked at systems that turn this gas into electricity for the site.

How to use in your project

1.Use this research to justify the selection of a waste-to-energy system in your design project, highlighting its environmental and economic advantages.

Add to My Project

Quick Cite

Paragraph starter

This research by Anosike (2013) provides a strong foundation for evaluating the technoeconomic feasibility of gas-to-wire systems, demonstrating that flared natural gas can be transformed into a valuable energy asset. This approach not only mitigates environmental concerns associated with flaring but also unlocks potential revenue streams, particularly for smaller or stranded gas reserves, by utilizing gas turbine technology for onsite electricity generation.

Source

CERES (Cranfield University)

Technoeconomic evaluation of flared natural gas reduction and energy recovery using gas-to-wire scheme

journal · 2013

View source

Questions About This Research

What does the research say about gas-to-wire systems can turn flared gas into profitable energy assets?: Integrate gas-to-wire solutions into operational planning to capture value from waste gas streams and improve overall resource efficiency. Evidence: CERES (Cranfield University) (2013).
Why does "Gas-to-Wire Systems Can Turn Flared Gas into Profitable Energy Assets" matter for design?: This research highlights a practical approach to mitigate the significant economic and environmental costs associated with flaring natural gas. By converting this waste product into electricity, businesses can unlock new revenue streams and enhance the sustainability of their operations.
How can designers apply this research?: Integrate gas-to-wire solutions into operational planning to capture value from waste gas streams and improve overall resource efficiency.
What were the main findings?: Gas-to-wire systems offer a viable solution for monetizing small-scale associated and stranded natural gas reserves.. The implementation of gas-to-wire technology can significantly reduce the economic and environmental impact of gas flaring.. Simple cycle gas turbines provide flexibility for power generation capacity and availability, especially during production decline.
What research method was used?: Technoeconomic and risk analysis framework with probabilistic uncertainty analysis using Monte Carlo simulation..
How strong is the evidence?: Evidence strength is rated Strong effect, based on a 2013 journal from CERES (Cranfield University).
What should I do differently in my next project?: Assess the volume and composition of flared gas at a facility. Model the potential energy output and economic returns of a gas-to-wire system using appropriate gas turbine technology. Conduct a risk analysis considering market volatility and operational challenges.
What are the limitations?: The study focuses on specific ranges of gas reserves and may not be directly applicable to all scales of operation. The economic viability is dependent on fluctuating energy prices and regulatory environments.