Business integration of integrated gasification combined cycle power plant and coal to liquid fuel plant
Methods of operating a business arrangement for an integrated CTL process and IGCC facility are disclosed herein. An embodiment of the method encompasses operating the integrated CTL and IGCC facility to optimize profitability, revenue and monitor inventory. Some advantages of the disclosed methods include reduced capital expenditures and increased availability of power or syngas during emergencies. Further advantages of the disclosed methods will be described in more detail herein.
1 . A method of operating an integrated coal-to-liquid (CTL) process and an Integrated Gasification Combined Cycle (IGCC) facility comprising:
a) integrating a CTL process and an IGCC facility by sharing an air separations unit, a coal preparation unit, and a coal handling unit to form an integrated CTL process and IGCC facility, wherein the CTL process and the IGCC facility each comprises a respective gasification unit for the production of syngas;
b) splitting ownership of the integrated CTL process and IGCC facility between two or more owners;
c) selling a call option for the syngas produced from the IGCC facility process to the IGCC facility;
d) selling syngas produced from the IGCC facility to the CTL process with callback rights;
e) selling excess products, byproducts, and excess electricity produced from the CTL process to the IGCC facility; and
f) recording the cost of the transaction and the amount of inventory.
2 . The method of claim 1 wherein c) further comprises a call-option price signal comprising replacement power.
3 . The method of claim 1 wherein c) further comprises a call-option price signal comprising the cost replacement fuel for the CTL process.
4 . The method of claim 1 wherein d) further comprises exercising callback rights during peak season.
5 . The method of claim 1 wherein d) further comprises exercising the callback rights during failure of the IGCC gasification unit.
6 . The method of claim 1 wherein e) further comprises distributing raw material to the CTL process and the IGCC facility from the shared units.
7 . The method of claim 7 further comprising changing the distribution of raw material to each section from the shared units based on a price signal.
8 . The method of claim 8 wherein the price signal further comprises the profitability of the integrated facility.
9 . The method of claim 1 wherein e) further comprises negotiating the distribution of raw materials between the CTL section and the IGCC section.
10 . The method of claim 1 wherein b) further comprises joint ownership of shared units of the integrated facility.
11 . The method of claim 1 wherein d) further comprises a price trigger consisting of the cost of an alternative for electricity production.
12 . The method of claim 11 wherein the alternative comprises the obtaining liquid natural gas.
13 . The method of claim 1 wherein e) further comprises negotiating the price of the excess products, byproducts, and excess electricity produced from the CTL process.
14 . The method of claim 1 wherein f) comprises electronically accessing the record at a future date.
15 . A method of operating an integrated coal-to-liquid (CTL) process and an Integrated Gasification Combined Cycle (IGCC) facility comprising:
a) integrating a CTL process and an IGCC facility by sharing an air separations unit, a coal preparation unit, and a coal handling unit to form an integrated CTL process and IGCC facility, wherein the CTL process and the IGCC facility each comprises a respective gasification unit for the production of syngas;
b) selling ownership of shared coal preparation and handling units to a third party owner;
c) dividing ownership of the integrated CTL process and IGCC facility;
d) negotiating delivery of raw materials to each section independently with third party ownership
e) evaluating need for electrical power, and liquid fuels, or end products; and
f) negotiating distribution of syngas to each section, from the processing units of both sections.
16 . The method of claim 15 wherein f) further comprises selling options for the distribution of syngas produced by the IGCC units to the CTL section.
17 . The method of claim 15 wherein f) further comprises selling a gaseous byproduct of the CTL section to the IGCC section.
18 . The method of claim 15 wherein d) comprises selling surplus electrical credits purchased by the CTL section to the IGCC section.
19 . The method of claim 15 wherein b) comprises the third party ownership paying for the construction of the shared units of the integrated CTL process and IGCC facility.