In an era where sustainability and clean energy are at the forefront of global concerns, Waste Heat Recovery (WHR) systems have emerged as a promising solution. This technology not only reduces environmental impact but also proves to be financially viable for industries seeking a greener footprint.

Cimko Narli, 6,4 Mwe single-boiler WHR system, in operation from 2019

Waste Heat Recovery (WHR) systems are innovative technologies designed to capture and utilize the thermal energy that would otherwise be lost during industrial processes. Some industries release significant amounts of heat into the atmosphere as a byproduct of their operations. WHR systems aim to tap into this waste heat, converting it into a valuable resource for clean energy production.

WHR systems typically consist of heat exchangers, turbines, and generators. The process begins by capturing the waste heat emitted during industrial processes. This heat is then transferred to a working fluid, often through a heat exchanger. The working fluid, now in a gaseous or liquid state, is directed through a turbine, generating mechanical energy. Finally, this mechanical energy is converted into electricity by a generator, providing a sustainable power source.

One of the key advantages of Waste Heat Recovery systems is their financial viability. Although the initial investment may seem substantial, the long-term benefits outweigh the costs.

Here are some key financial advantages:

  1. Reduced Energy Costs: WHR systems significantly decrease the reliance on conventional energy sources, leading to lower energy bills for industries implementing these systems.
  2. Government Incentives: Many governments worldwide offer financial incentives, grants, or tax credits to industries adopting sustainable practices, including WHR systems. These incentives can contribute to a quicker return on investment.
  3. Carbon Emission Reduction: Industries implementing WHR systems can benefit of the reductions in secondary greenhouse gas emissions, enhance their environmental credentials and potentially providing additional financial incentives.
  4. Improved Operational Efficiency: WHR systems enhance overall operational efficiency, leading to reduced downtime and maintenance costs over the system’s lifespan.

Sonmez Cement, 8 Mwe dual boilers WHR system, in operation from 2020

Çimsa Eskişehir Çimento fabrikası, 5,5 Mwe çift kazanlı WHR sistemi, inşaatı devam ediyor

The BOT (Build-Operate-Transfer) Model:
A Financial Framework for WHR Systems:

In the realm of sustainable investments, the Build-Operate- Transfer (BOT) model stands out as an innovative financial framework that can significantly support the implementation of Waste Heat Recovery (WHR) systems. The BOT model is a partnership arrangement that facilitates private sector involvement in the development, financing, and operation of infrastructure projects. When applied to WHR projects, the BOT model can provide a unique set of financial benefits.

Advantages of the BOT Model for WHR Systems:

  1. Limited Upfront Costs: The BOT model allows industries to benefit from the WHR system without shouldering the full upfront costs. This can be particularly advantageous for entities with budget constraints or those seeking to test the feasibility of WHR technology.
  2. Risk Mitigation for Private Investors: Private sector partners assume the construction and operational risks during the initial phases of the project. This risk-sharing arrangement encourages private investment in sustainable infrastructure projects like WHR systems.
  3. Performance-Based Payments: The BOT model often includes performance-based payment structures, where the partner is compensated based on the system’s actual energy output and efficiency. This aligns financial incentives with the successful operation of the WHR system.
  4. Technology Transfer and Knowledge Sharing: As part of the transfer phase, the knowledge and expertise gained by the partner are transferred to the industry, fostering local capabilities and ensuring long-term sustainability.

Medcem Cement, 10,5 Mwe single-boiler WHR system, under construction

The BOT model emerges as a strategic financial approach, bridging the gap between private investors and entities eager to embrace sustainable solutions like Waste Heat Recovery systems.
By leveraging the advantages of the BOT model, industries in Turkey can unlock the potential of clean energy production while minimizing financial barriers and optimizing operational efficiency.

EPC Turn key project: A Synergistic Approach

The collaboration between CTP Team, Italy and CTN Group, Turkey follows the Engineering, Procurement, and Construction (EPC) model. This integrated approach ensures a seamless transition from design and procurement to construction, allowing for efficient project management and the timely deployment of WHR systems. The synergistic efforts of both entities contribute to the successful realization of sustainable energy projects.

Impressive Milestones: 8 WHR Systems, 52 MWe, and 130,000 TPY Carbon Emissions Avoided:

The tangible impact of this partnership is evident in the number of installations: eight Waste Heat Recovery systems (2 already in operation, 4 under constructions, 2 contracts recently signed) with a total power capacity of 52 megawatts (MWe). These systems have not only harnessed previously wasted thermal energy but have also contributed significantly to environmental conservation by avoiding the emission of 130,000 tons per year (TPY) of carbon, showcasing the tangible benefits of embracing clean energy solutions. Thanks to the proprietary technology based on Organic Rankine Cycle (ORC) Technology, the WHRs do not use water in the process.

Waste Heat Recovery systems present a win-win scenario for industries looking to cut costs and contribute to a sustainable future. As technology advances and awareness grows, the financial viability of WHR systems continues to make them an attractive investment for businesses committed to both economic and environmental sustainability.