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Abstract This paper provides new empirical insights on the capital structure of project-financed LNG infrastructures and gas pipeline projects, by using data relating to projects whose financial close occurred between June 2004 and March 2011. Most results are consistent with the basic view of risk-averse funds suppliers. Especially, the projects located in risky countries and larger projects tend to exhibit lower debt ratios and less-concentrated equity ownerships. In addition, regasification projects appear to have a more diluted equity ownership. Methodological issues raised by the financing of these projects are also examined from a capital-budgeting perspective. In particular, the equity residual method, usually used by industrial practitioners to value these projects, should be adjusted.

Microwave-assisted alkali pre-treatment of wheat straw and its enzymatic hydrolysis were investigated and compared with the conventional alkali pre-treatment process. First, the effect of microwave power and pre-treatment time on the weight loss and composition of wheat straw was examined. The results show that the higher microwave power with shorter pre-treatment time and the lower microwave power with longer pre-treatment time had the same effect on the weight loss and composition at the same energy consumption. The comparison was then made between the effect of the microwave-assisted alkali pre-treatment and the conventional alkali one on the weight loss and composition of wheat straw. The wheat straw had a weight loss of 48·4% and a composition of cellulose 79·6%, lignin 5·7% and hemicellulose 7·8% after 25 min microwave-assisted alkali pre-treatment at 700 W, compared with a weight loss of 44·7% and a composition of cellulose 73·5%, lignin 7·2% and hemicellulose 11·2% after 60 min conventional alkali pre-treatment. The microwave-assisted alkali pre-treatment removed more lignin and hemicellulose from wheat straw with shorter pre-treatment time compared with the conventional alkali one. Finally, the enzymatic hydrolysis of pre-treated wheat straw (substrate concentration 50 g l−1, enzyme loading 20 mg g−1 substrate) was also investigated and the results indicate that the microwave-assisted alkali pre-treated wheat straw had higher hydrolysis rate, reducing sugar concentration and glucose content in the hydrolysate than the conventional alkali pre-treated one. Microwave-assisted alkali pre-treatment is a potential alternative of wheat straw pre-treatment for its enzymatic hydrolysis.

Abstract An analysis is carried out to study the visco-elastic fluid flow and heat transfer characteristics in a saturated porous medium over an impermeable stretching surface with frictional heating and internal heat generation or absorption. Two cases are considered; namely (i) the sheet with prescribed surface temperature (PST-Case) and (ii) the wall heat flux (PHF-Case). Exact solution for the velocity field and the skin friction are obtained. Also, the solutions for the temperature and the heat transfer characteristics are obtained in terms of Kummer's function.

Interest in the highly efficient energy hub (EH) model has been growing despite the high computational requirements of planning for a multi-energy, multi-device operation. To address both the device size limitation and the multi-scenario issue, we propose a new solution methodology for solving the EH planning problem. In the method, the decision variables are device sizes. First, a dimension reduction technique is proposed to address the curse of dimensionality based on the correlation of unknown variables such as the capacities of different devices in an EH. Second, to avoid local convergence, a solution method called the variable-sized unimodal searching (VUS) approach is proposed to assure a global optimal planning scheme for the one-dimensional non-convex optimization model obtained from the preceding dimension reduction process. The case study indicates that the proposed approach has a higher computing efficiency than the Benders decomposition (BD) algorithm to deal with a scenario-based stochastic planning problem with a large number of scenarios. Thus, the effectiveness of the EH planning approach is verified.

Abstract This study sought to quantify and characterize cassava waste as fuel. The wastes from three cultivars were collected to study and were divided into three distinct parts of the cassava plant: seed stem, thick stalks, and thin stalks. Physical and chemical analyzes were carried out to determine the elemental composition of the waste: volatile matter; fixed carbon; ash; moisture; lignin; cellulose; hemicellulose; ash composition and higher heating value were determined. We conducted a thermogravimetric analysis in oxidizing and inert atmospheres to study the behavior of the waste as fuel. The root productivity obtained ranged from 7.7 to 13.0 t ha−1 yr−1 on a dry basis (db), and the ratio between waste and roots varied from 0.36 to 0.91. The physical and chemical properties of cassava waste are analogous to those of woody biomass regarding the elemental composition, the higher heating value, and thermogravimetric analysis. Ash content varied from 2.5% to 3.5%, reaching around 6.0% in samples unwashed. Approximately 60% of the ashes are alkali oxides, especially P2O5, K2O, and CaO, which have low melting points. The alkali index calculated suggests that there is a strong tendency that the combustion process leads to ash fouling and the formation of ash deposits.

Changes in the main weather features are becoming perceivable in Italy. In the last years, the average temperature and the intensity of rainstorms are increasing. Such phenomena could lead to changes in the earth-atmosphere interaction. Accounting for the high vulnerability of the Italian territory, an obvious consequence would concern the effects on the hydro-geological hazards, including landslides and floods. As a matter of fact, the higher frequency of high magnitude flood and landslide events represent an alarm bell. It is necessary to explore with all available instruments the consequences of the potential climate changes. Since quantitative predictions are not possible, the only way to run is depicting rational scenarios for the most vulnerable contexts adopting a multidisciplinary approach. Based on projections of potential climate changes in the 21st century, the report examines their potential impact in the context of the Italian peninsula. After a general overview about typical slope responses to weather changes, some quantitative scenarios have been depicted for representative geomorphological contexts. The last part of the paper examines changes in the expected risk, based on the characteristics of the Italian territory and its vulnerability, looking at the initiatives to undertake for its mitigation.

The electrical resistance of Ni 50 Ti 30 Hf 20 and Ni 50 Ti 40.5 Hf 9.5 alloys during Stress Assisted Two Way Memory Effect was investigated with the aim to deduce the relationship between electrical resistance and deformation across the transformation range. Results show an almost linear relationship although a crossing point between increasing and decreasing deformation may compromise the use of these alloys actuators.

Abstract Concerns about power quality (PQ) in distribution networks have necessitated the use of PQ measuring/monitoring equipment to detect and analyse PQ problems. As the installation of such equipment at all locations is not economically feasible, minimum number and optimum locations of PQ monitors have been sought in recent researches to meet both economical efficiency and monitoring capability. Focusing on voltage sags, this paper attempts to further reduce the number of PQ monitors obtained by optimum allocation approaches while keeping the desired monitoring capability. Growing number of electric equipment with high sensitivity to voltage sags have raised more concerns about financial losses associated with voltage sags in comparison to other PQ problems. Here, a neural estimator placed at a monitored location is proposed to estimate instantaneous voltage-sag waveforms of a non-monitored sensitive load using local measurements. Echo state network (ESN) is used as the voltage-sag waveform estimator (VSWE). Because of increasing penetration of distributed generations (DGs) and their impacts on voltage-sag performance, they are considered to challenge the estimation task. The proposed ESN-based VSWE is examined on the IEEE 37-bus network. Tests for extensive unseen cases with different fault resistances, fault inception-angles, fault locations and fault types under different load demands and network conditions show acceptable high accuracy of estimations during fault and fault clearing sequences. Furthermore, the performance of the VSWE is investigated during transients due to switching capacitors, DGs, loads and lines.