The efforts of countries to reduce GHG emissions worldwide, the Paris Agreement was signed. As a result, awareness of global climate change is being as more as widespread and detailed practices are being developed in many countries around the world fo...
The efforts of countries to reduce GHG emissions worldwide, the Paris Agreement was signed. As a result, awareness of global climate change is being as more as widespread and detailed practices are being developed in many countries around the world for the detailed GHG mitigation measures. South Korea also submitted about 19.4% reduction plan to the United Nations by cutting 64.5 million tons in 2030 compared to BAU in the power generation sector. Therefore, the power generation industries in Korea have to minimize the generation of greenhouse gases and the emission of substances influenced by the atmospheric environment during the electric power production process.
The economic value of the coal-fired power plant to be abolished is estimated to remain at around 5trn won from 2.5trn won. The generation company has known that the amount of carbon dioxide generated during the electricity production process was 204,246 thousand t-CO2 as of 2016.
And we have analyzed the characteristics of solid, liquid, gaseous fuel, and wood pellet fuel as alternative fuels and have investigated the possibility as alternative fuels. As a result of testing the feasibility of fuel conversion to coal-fired power plants through the coal power generation test and the co-firing test of wood pellet as an alternative fuel, the environmental and combustibility were confirmed through the co-firing test results within the confinement ratio of 5% or less. And also, as a result of the operation of wood pellet 100% burning, the amount of sulfur oxide, nitrogen oxide, which are a secondary fine particle of the fine dust, was reduced by about 71.3% and 63% respectively.
Conclusively, the economic feasibility of wood pellets has been judged to be a suitable fuel for RPS policies such as electricity sales revenue, REC sales, and avoidance of RPS penalties, as compared with a coal power generation.