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Different targets have been set for the reference scenario and the carbon price scenario.
Under a carbon price scenario, the carbon price drives the penetration of these technologies.
BMP adoption can also lead to profit loss when the BMP is designed for a low price scenario while market conditions are favorable.
In the end, a generalised methodology has been illustrated on how to design the optimum flowsheet of a petrochemical complex in a changing market price scenario.
"Decc's central gas price scenario assumes a re-linking of gas to oil-indexed prices in the short-term as the gas glut erodes," though "from 2017 the linkage begins to weakens significantly".
"This risk analysis shows that many oil companies are betting on a high demand and price scenario," said James Leaton, research director at CTI and a former PwC consultant.
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Decc's price scenarios appear outdated and flawed.
Several diesel price scenarios (low, intermediate and high) are considered.
Facility design is jointly optimized with dispatch using an electricity price- duration curve and natural gas price scenarios of $3/MMBtu , $4.50/MMBtu and $6/MMBtu
Energy price scenarios as well as a Monte Carlo simulation account for the uncertainty in energy price trends.
A new smoothing splines algorithm with sequential Gaussian simulation generates multiple commodity price scenarios, and a computationally efficient stochastic framework accommodates the joint representation and processing of the mining block economic values that result from these commodity price scenarios.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com