Forecasting the life cycle costing of a biofuel production plant in Hong Kong

Tsang Chi-Wing; Gary Chu Kar-Kit; Raymond Fu Sze Wai; Lau Wai Kin; Yip Ka Yee; Sung Tsz-Yan; Wong Ka-Chun; Woo Wing-Yan

doi:10.1049/cp.2018.1754

Forecasting the life cycle costing of a biofuel production plant in Hong Kong

Tsang Chi-Wing
, Gary Chu Kar-Kit
, Raymond Fu Sze Wai
, Lau Wai Kin
, Yip Ka Yee
, Sung Tsz-Yan
, Wong Ka-Chun
, Woo Wing-Yan

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review

Abstract

Biodiesel is generally made by transesterification which is a chemical reaction between lipids and alcohol producing fatty acid esters. Waste cooking oil which is collected from restaurants is the commonly used feedstock in Hong Kong. Using waste cooking oil as the feedstock for biodiesel production would reduce disposal and wastewater treatment cost, and the overall production cost of biodiesel. Biodiesel is one of the solutions for environmental issues such as global warming and increasing greenhouse gas emissions. The objectives of this study are to find out the life cycle costing of biodiesel in Hong Kong, and to compare the costs between biodiesel and diesel, and to provide suggestions to the industry or consumers whether they should increase biodiesel applications. Conventional life cycle costing methodology was conducted. The life cycle costing began from feedstock collection and ended with biodiesel production. This included raw materials collection, transportation of raw material, manufacture and waste treatment of a biodiesel production plant in Hong Kong, as well as the transportation of biodiesel to customers. © 2018 Institution of Engineering and Technology. All rights reserved.

Original language	English
Title of host publication	IET Conference Proceedings
Publisher	Institution of Engineering and Technology
Volume	2018
ISBN (Print)	9781785617911, 9781839530043
DOIs	https://doi.org/10.1049/cp.2018.1754
Publication status	Published - 2018
Externally published	Yes
Event	11th IET International Conference on Advances in Power System Control, Operation and Management, APSCOM 2018 - Hong Kong, China Duration: 11 Nov 2018 → 15 Nov 2018

Publication series

Name	IET Conference Proceedings
Volume	2018
ISSN (Electronic)	2732-4494

Conference

Conference	11th IET International Conference on Advances in Power System Control, Operation and Management, APSCOM 2018
Place	China
City	Hong Kong
Period	11/11/18 → 15/11/18

Bibliographical note

Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].

Funding

We gratefully acknowledge the financial support provided by the Research Grants Council (RGC) of the Hong Kong Special Administrative Region, China (Project No.: UGC/IDS25/15 & UGC/FDS25/E09/17).

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 6 Clean Water and Sanitation
SDG 7 Affordable and Clean Energy
SDG 12 Responsible Consumption and Production
SDG 13 Climate Action

Research Keywords

Biodiesel production
Conventional LCC methodology
Life cycle costing
Renewable energy

RGC Funding Information

RGC-funded

Access Output

10.1049/cp.2018.1754

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Cite this

@inproceedings{949fb716cb064915ad240df7281b2721,

title = "Forecasting the life cycle costing of a biofuel production plant in Hong Kong",

abstract = "Biodiesel is generally made by transesterification which is a chemical reaction between lipids and alcohol producing fatty acid esters. Waste cooking oil which is collected from restaurants is the commonly used feedstock in Hong Kong. Using waste cooking oil as the feedstock for biodiesel production would reduce disposal and wastewater treatment cost, and the overall production cost of biodiesel. Biodiesel is one of the solutions for environmental issues such as global warming and increasing greenhouse gas emissions. The objectives of this study are to find out the life cycle costing of biodiesel in Hong Kong, and to compare the costs between biodiesel and diesel, and to provide suggestions to the industry or consumers whether they should increase biodiesel applications. Conventional life cycle costing methodology was conducted. The life cycle costing began from feedstock collection and ended with biodiesel production. This included raw materials collection, transportation of raw material, manufacture and waste treatment of a biodiesel production plant in Hong Kong, as well as the transportation of biodiesel to customers. {\textcopyright} 2018 Institution of Engineering and Technology. All rights reserved.",

keywords = "Biodiesel production, Conventional LCC methodology, Life cycle costing, Renewable energy",

author = "Tsang Chi-Wing and \{Chu Kar-Kit\}, Gary and \{Fu Sze Wai\}, Raymond and Kin, \{Lau Wai\} and Yee, \{Yip Ka\} and Sung Tsz-Yan and Wong Ka-Chun and Woo Wing-Yan",

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Chi-Wing, T, Chu Kar-Kit, G, Fu Sze Wai, R, Kin, LW, Yee, YK, Tsz-Yan, S, Ka-Chun, W & Wing-Yan, W 2018, Forecasting the life cycle costing of a biofuel production plant in Hong Kong. in IET Conference Proceedings. vol. 2018, IET Conference Proceedings, vol. 2018, Institution of Engineering and Technology, 11th IET International Conference on Advances in Power System Control, Operation and Management, APSCOM 2018, Hong Kong, China, 11/11/18. https://doi.org/10.1049/cp.2018.1754

Forecasting the life cycle costing of a biofuel production plant in Hong Kong. / Chi-Wing, Tsang; Chu Kar-Kit, Gary; Fu Sze Wai, Raymond et al.
IET Conference Proceedings. Vol. 2018 Institution of Engineering and Technology, 2018. (IET Conference Proceedings; Vol. 2018).

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review

TY - GEN

T1 - Forecasting the life cycle costing of a biofuel production plant in Hong Kong

AU - Chi-Wing, Tsang

AU - Chu Kar-Kit, Gary

AU - Fu Sze Wai, Raymond

AU - Kin, Lau Wai

AU - Yee, Yip Ka

AU - Tsz-Yan, Sung

AU - Ka-Chun, Wong

AU - Wing-Yan, Woo

N1 - Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].

PY - 2018

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N2 - Biodiesel is generally made by transesterification which is a chemical reaction between lipids and alcohol producing fatty acid esters. Waste cooking oil which is collected from restaurants is the commonly used feedstock in Hong Kong. Using waste cooking oil as the feedstock for biodiesel production would reduce disposal and wastewater treatment cost, and the overall production cost of biodiesel. Biodiesel is one of the solutions for environmental issues such as global warming and increasing greenhouse gas emissions. The objectives of this study are to find out the life cycle costing of biodiesel in Hong Kong, and to compare the costs between biodiesel and diesel, and to provide suggestions to the industry or consumers whether they should increase biodiesel applications. Conventional life cycle costing methodology was conducted. The life cycle costing began from feedstock collection and ended with biodiesel production. This included raw materials collection, transportation of raw material, manufacture and waste treatment of a biodiesel production plant in Hong Kong, as well as the transportation of biodiesel to customers. © 2018 Institution of Engineering and Technology. All rights reserved.

AB - Biodiesel is generally made by transesterification which is a chemical reaction between lipids and alcohol producing fatty acid esters. Waste cooking oil which is collected from restaurants is the commonly used feedstock in Hong Kong. Using waste cooking oil as the feedstock for biodiesel production would reduce disposal and wastewater treatment cost, and the overall production cost of biodiesel. Biodiesel is one of the solutions for environmental issues such as global warming and increasing greenhouse gas emissions. The objectives of this study are to find out the life cycle costing of biodiesel in Hong Kong, and to compare the costs between biodiesel and diesel, and to provide suggestions to the industry or consumers whether they should increase biodiesel applications. Conventional life cycle costing methodology was conducted. The life cycle costing began from feedstock collection and ended with biodiesel production. This included raw materials collection, transportation of raw material, manufacture and waste treatment of a biodiesel production plant in Hong Kong, as well as the transportation of biodiesel to customers. © 2018 Institution of Engineering and Technology. All rights reserved.

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KW - Renewable energy

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M3 - RGC 32 - Refereed conference paper (with host publication)

SN - 9781785617911

SN - 9781839530043

VL - 2018

T3 - IET Conference Proceedings

BT - IET Conference Proceedings

PB - Institution of Engineering and Technology

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ER -

Forecasting the life cycle costing of a biofuel production plant in Hong Kong

Abstract

Publication series

Conference

Bibliographical note

Funding

UN SDGs

Research Keywords

RGC Funding Information

Access Output

Other Access Options

Permanent Link

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Cite this