Transcritical CO2 precooled single mixed refrigerant natural gas liquefaction process: Exergy and Exergoeconomic optimization

This study proposes a two-stage transcritical CO2 pre-cooled single mixed refrigerant process to investigate the potential improvement in exergy efficiency and exergoeconomic performance. Two different objective functions, namely maximizing exergy efficiency and minimizing the unit cost exergy of LNG, were optimized using the particle swarm optimization algorithm to compare the performance of the CO2 pre-cooled single mixed refrigerant process with single mixed refrigerant process. The results of the first objective function indicate a higher exergy efficiency of the CO2 pre-cooled single mixed refrigerant process, with an increment of 7.56%. This improvement can be attributed to not only the lower total power consumption but also the better matching of the temperature-difference composite curve, particularly the location of the pinch temperature at the warm end of the heat exchanger. Additionally, the exergy destruction of the CO2 pre-cooled single mixed refrigerant process was 30.12% lower than that of the single mixed refrigerant process. The second objective function demonstrated that the CO2 pre-cooled single mixed refrigerant process had a unit exergy cost value of 7.46 $/GJ, which was 11.98% lower than the single mixed refrigerant process. In conclusion, the proposed process contributes to energy saving throughout the LNG chain. Previous studies on the transcritical CO2 precooling cycle were limited to only one-stage configuration paving the way for thermodynamic efficiency enhancement by modifying the design of the process. This study also considers the effects of two objective functions maximizing exergy efficiency and minimizing the unit exergy cost of LNG on the optimization of decision variables which has not been discussed yet in the literature. Moreover, innovative exergoeconomic analysis presents a comprehensive criterion for evaluating economic performance, providing guidance for the initial construction and sustainable development of LNG plants.