Economic appraisal of energy conservation measures on a hydrofiner unit

G. McKay*, C. R. Holland

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

An energy conservation study has been undertaken on a hydrofiner unit in an oil refinery. The results in energy terms and overall financial savings have been discussed in a previous paper by Holland and McKay (1981). However, a critical financial appraisal of the various proposed schemes was not undertaken. This paper compares the proposed energy conservation measures by various costing techniques, including: 1. (i) return on investment; 2. (ii) pay-back method; 3. (iii) net present value; 4. (iv) internal rate of return.

Original languageEnglish
Pages (from-to)195-203
Number of pages9
JournalEngineering Costs and Production Economics
Volume7
Issue number3
DOIs
Publication statusPublished - Sept 1983
Externally publishedYes

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