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Economic Analysis of Producing Methanol from Kish Gas Field

Mardani Boldaji, Somaye | 2016

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  1. Type of Document: M.Sc. Thesis
  2. Language: English
  3. Document No: 48677 (51)
  4. University: Sharif University of Technology, International Campus, Kish Island
  5. Department: Science and Engineering
  6. Advisor(s): Mostafavi, Mostafa
  7. Abstract:
  8. Iran with the second largest gas reserves in the world makes the importance of Kish Island more vital. Kish gas field, with a capacity of 67 trillion cubic meters gas, is one of the main hubs of Iran gas production. One of the uses of natural gas is to produce petrochemical goods such as Methanol. In this thesis the focus is on economical evaluation of producing Methanol for amount of 5,000 tons per day from Kish gas field. As a result, the required feed has been estimated about 150 million cubic feet per day and the net capital investment calculated to be 941 million US dollars. The initial estimate of Direct Permanent Investment (DPI) was calculated to be $590.8 million. Having considered 44 percent for contingency, site and facility preparation, waste removal cost, utility allocation cost, start-up costs, land costs, and working capital, the Total Capital investment (TCI) would be 941 million US dollars. Further, the rate of return was calculated to be 14.1 %. The payback period of the investment was found to be 5.8 years. To prevent environmental violations (both on and offshore) the project shall be located out Gorze region some 15 kilometers out of Kish Island. In final chapters the challenges ahead of methanol production and its global market conditions and also its corresponding investment risks are studied. Moreover, recent advancements in Iran methanol production units and their Chinese domestic markets have been studied
  9. Keywords:
  10. Economic Evaluation ; Synthesis Gas ; Methanol ; Kish Gas Field

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