Exam Flashcards
What are Megatrends and drivers for change from business-as-usual for carbon intensive industries?
Global crises (Climate change and waste problem)
Market Pressure
Policy Change
Structural change
What is carbon transition?
Intelligent and sustainable utilization of a nation’s domestic primary and secondary resources for production so as to facilitate a transformation from linear to circular carbon economy with minimal carbon waste
Fossil–>Renewables
Linear–>Circular
Imported–>Domestic
Why does a carbon transition pose a decision challenge for decision-makers?
Theres a need to balance between multiple objectives
They are in a complex decision environment
System interdependencies
Inertia
What is chemical recycling?
Conversion of carbon containing waste into basic chemical components that can be utilized by chemical industry
Types of chemical recycling technologies
Liquefaction
Gasification and Syngas processing
Depolymerization
Solvent-based purification
What is TEA
Method for evaluating the economic performance of an industrial process, product or service.
Provides commercial and market oriented insights into wether a technology investment could lead to monetary return (qual.), how big and when will it be
Objectives of TEA (7)
Guide investment decisions for tech development
Quantify RnD performance targets n priorities
Identify critical data gaps
Present results in an organized, concise and coherent form
Provides a transparent and verifiable cost/performance comparison to business-as-usual production pathways as well as for competing technologies
Supports quantification of uncertainty and risks
Provides performance/costs configuration ideals as targets for lower TRL technologies
What is Technology Readiness Level (TRL)
Type of measurement system used to assess the maturity level of a particular technology. Each technology project is evaluated against the parameters for each technology level and is then assigned a TRL rating based on the project progress.
Levels from 1 to 9+
Idea
Level 1
Concept
Level 2
Proof of concept
Level 3
Preliminary Process Development
Level 4
Detailed Process Development
Level 5
Pilot Trials
Level 6
Demonstration and Full-Scale engineering
Level 7
Construction and Start-up
Level 8
Continuous operation
Level 9