Testing the Bioeconomic Options of Transitioning to Solid Recovered Fuel: A Case Study of a Thermal Power Plant in Slovakia

Abstract

This paper deals with the state and perspectives of bioenergy development in the context of exploiting the potential of available natural resources. We analyse the economic benefits of transitioning to alternative biofuel within the research task in cooperation with the Vojany black coal power plant. Within the applied methodology, a non-parametric data envelopment analysis method was used to confirm the most economically efficient types of fuels used in the combustion process. The assumption of fuel efficiency was confirmed by testing fuel combustion combinations directly in the power plant. The transition to 100% combustion of solid recovered fuel creates the potential for sustainable production of the analysed power plant and compliance with the current emission values of basic pollutants and new stricter limits, which will be binding in the EU from August 2021. The proposed solutions were analysed by Monte Carlo simulation. An estimate of the economic results achieved by the power plant was simulated, assuming a complete transition to solid recovered fuel. The results of the study support the feasibility of creating a circular waste management market, with the Vojany black coal power plant as the largest user of solid recovered fuel in Slovakia and abroad.