Selection of Waste-to-Energy Technologies with Economic and Financial Analysis for Application in the Integrated Solid Waste Management Center, Rayong Province
Keywords:
Solid waste disposal technology, Waste to energy technology, Incineration, Economics and financial analysisAbstract
The Rayong Provincial Integrated Solid Waste Management Center serves as a critical hub for managing solid waste in Thailand, designated to handle large-scale waste management clusters (L clusters) with a current capacity of over 1,000 tons per day. However, future waste projections indicate an alarming increase to 2,000 tons per day within the next two decades, necessitating the adoption of advanced technologies to enhance waste management efficiency and facilitate waste-to-energy transformation. This study aims to identify and evaluate innovative waste management technologies to address these challenges, including grate incineration, anaerobic digestion, landfill gas collection, refuse-derived fuel (RDF) processing, and gasification. A systematic methodology was employed, beginning with a qualitative analysis to determine the most suitable technological alternatives for each category. These alternatives were subsequently evaluated and scored across four dimensions: technical performance, economic viability, environmental impact, and social acceptability. The final step involved a comprehensive economic analysis of the selected technologies. The results identify grate incineration technology as the most effective solution for improving waste management efficiency and converting waste into energy. The economic feasibility analysis reveals a benefit-cost ratio (B/C) of 1.22, an economic internal rate of return (EIRR) of 14.96%, and a net present value (NPV) of 415.54 million baht. Additionally, financial feasibility assessments show a revenue-cost ratio (R/C) of 1.01, a financial internal rate of return (FIRR) of 8.09%, and an NPV of 15.50 million baht. These findings highlight the potential of grate incineration technology as a sustainable and economically viable solution to meet future waste management demands in Rayong Province, offering a replicable model for other regions confronting similar challenges.
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