TECHNOLOGIES
Thermoeconomic Analysis of an Organic Rankine Cycle for LNG Cold Energy Utilization
- 1 Faculty of Engineering, University of Rijeka, Croatia
Abstract
Liquefied natural gas (LNG) has become a crucial source of energy supply security amid growing geopolitical tensions in recent years. During LNG regasification, a substantial amount of cold energy is released, and typically wasted into seawater. The cold-energy potential of LNG during regasification and warming from −161 °C to +15 °C at 80 bar is 750 kJ/kg, while the associated exergy potential is 400 kJ/kg. This paper investigates the potential for converting LNG cold energy into electricity through a cryogenic binary cycle. The results indicate that integrating an ORC system into the LNG regasification process can yield substantial energy and economic benefits while reducing the thermal waste at regasification terminals. The recoverable power per 1 kg/s of LNG is 90 kW/(kg/s) for a single-pressure ORC configuration using ammonia as the working fluid. The levelized cost of electricity (LCOE) is 45 €/MWh while specific installation costs (SIC) are 2225 €/kW for a brownfield retrofit project on an existing regasification unit. This research confirms that the application of innovative cryogenic cycles enables a more sustainable and efficient use of the LNG supply chain, contributing to the decarbonization of the energy sector.
Keywords
References
- International Energy Agency (IEA), Gas 2025: Analysis and forecasts to 2030 (IEA, Paris, 2025).
- International Energy Agency (IEA), Global LNG Capacity Tracker (IEA, Paris, 2025).
- IEAGHG, Techno-Economic Evaluation of CO₂ Capture in LNG Plants, 2019/07 (IEA Greenhouse Gas R&D Programme, Cheltenham, United Kingdom, 2019).
- A. Hajji, M. Chahartaghi, M. Kahani, “Thermodynamic analysis of natural gas liquefaction process with propane pre-cooled mixed refrigerant process (C3MR),” Cryogenics 103, 102978 (2019).
- F. Chen, W. Zhang, J. Xuan, J. Cai, H. Zhang, “Analysis of LNG cold energy utilization and regasification process for a gas turbine power plant integrated with a novel polygeneration process,” Applied Thermal Engineering 258(Part C), 124738 (2025).
- M.H. Noor Akashah, N.E. Mohammad Rozali, S. Mahadzir, P.Y. Liew, “Utilization of cold energy from LNG regasification process: A review of current trends,” Processes 11, 517 (2023).
- M. Zonfrilli, M. Facchino, R. Serinelli, M. Chesti, M. De Falco, M. Capocelli, “Thermodynamic analysis of cold energy recovery from LNG regasification,” Journal of Cleaner Production 420, 138443 (2023).
- M.R. Gómez, R.F. García, J.R. Gómez, J.C. Carril, “Review of thermal cycles exploiting the exergy of LNG in the regasification process,” Renewable and Sustainable Energy Reviews 38, 781–795 (2014).
- A. Franco, C. Casarosa, “Thermodynamic analysis of direct-expansion configurations for electricity production by LNG cold energy recovery,” Applied Thermal Engineering 78, 649–657 (2015).
- L.A. Prananto, I.N. Zaini, B.I. Mahendranata, F.B. Juangsa, M. Aziz, T.A.F. Soelaiman, “Use of the Kalina cycle as a bottoming cycle in a geothermal power plant: Case study of the Wayang Windu geothermal power plant,” Applied Thermal Engineering 132, 686–696 (2018).
- G. Angelino, C.M. Invernizzi, “The role of real gas Brayton cycles for the use of liquid natural gas physical exergy,” Applied Thermal Engineering 31, 827–833 (2011).
- J. Bao, Y. Lin, R. Zhang, X. Zhang, N. Zhang, G. He, “Performance enhancement of a two-stage condensation combined cycle for LNG cold energy recovery using zeotropic mixtures,” Energy 157, 588–598 (2018).
- J. Wajs, D. Mikielewicz, B. Jakubowska, “Performance of the domestic micro-ORC equipped with a shell-and-tube condenser with minichannels,” Energy 157, 853–861 (2018).
- A. Arbula Blecich, P. Blecich, “Thermoeconomic analysis of subcritical and supercritical isobutane cycles for geothermal power generation,” Sustainability 15, 8624 (2023).
- F.A. Boyaghchi, A. Sohbatloo, “Assessment and optimization of a novel solar-driven natural gas liquefaction system based on a cascade ORC integrated with linear Fresnel collectors,” Energy Conversion and Management 162, 77–89 (2018).
- F. Xue, Y. Chen, Y. Ju, “Design and optimization of a novel cryogenic Rankine power generation system employing binary and ternary mixtures as working fluids based on the cold exergy utilization of liquefied natural gas (LNG),” Energy 138, 706–720 (2017).
- P. Blecich, T. Senčić, I. Wolf, I. Bonefačić, “Numerical investigation of heat and mass transfer inside a wet cooling tower,” Tehnički glasnik 12(3), 131–138 (2018).
- A.S. Bisht, V.S. Bisht, P. Bhandari, K.S. Rawat, T. Alam, P. Blecich, “The use of a vortex generator for the efficient cooling of lithium-ion batteries in hybrid electric vehicles,” Processes 11, 500 (2023).
- P. Blecich; J. Batista; M. Kirinčić; A. Trp; K. Lenić, “Numerical study of heat transfer and fluid flow in the offset strip-fin heat exchanger: a fin-by-fin analysis,” International Communications in Heat and Mass Transfer 154, 107434 (2024).
- M. Kirinčić, T. Fadiga, B. Delač, “Influence of fin spacing and fin height in passive heat sinks: numerical analysis with experimental comparison,” Applied Sciences 15, 11410 (2025).
- J. Bao, T. Yuan, L. Zhang, N. Zhang, X. Zhang, G. He, “Comparative study of liquefied natural gas (LNG) cold energy power generation systems in series and parallel,” Energy Conversion and Management 184, 107–126 (2019).
- A. Franco, C. Giovannini, “Optimal design of direct expansion systems for electricity production by LNG cold energy recovery,” Energy 280, 128173 (2023).
- K. Kim, U. Lee, C. Kim, C. Han, “Design and optimization of cascade organic Rankine cycle for recovering cryogenic energy from liquefied natural gas using binary working fluid,” Energy 88, 304–313 (2015).
- S. Daniarta, P. Błasiak, P. Kolasiński, A.R. Imre, “Sustainability by means of cold energy utilization-to-power conversion: A review,” Renewable and Sustainable Energy Reviews 205, 114833 (2024).
- R. Loni, G. Najafi, E. Bellos, F. Rajaee, Z. Said, M. Mazlan, “A review of industrial waste heat recovery system for power generation with organic Rankine cycle: Recent challenges and future outlook,” Journal of Cleaner Production 287, 125070 (2021).
- C. Wieland, C. Schifflechner, F. Dawo, M. Astolfi, “The organic Rankine cycle power systems market: Recent developments and future perspectives,” Applied Thermal Engineering 224, 119980 (2023).
- J. Krail, G. Beckmann, F. Schittl, G. Piringer, “Comparative thermodynamic analysis of an improved ORC process with integrated injection of process fluid,” Energy 266, 126352 (2023).
- Z. Wang, R. Zhang, H. Shao, T. Nie, “Thermodynamic performance of flash-dual-pressure organic Rankine cycle system for power generation from hot dry rock geothermal resources,” Applied Thermal Engineering 281(Part 2), 128603 (2025).
- R. Ma, Y. Lu, X. Yu, B. Yang, “Thermodynamic, economic, and environmental multi-criteria optimization of a multi-stage Rankine system for LNG cold energy utilization,” Modelling 6, 45 (2025).
- E. L. Tsougranis, D. Wu, “A feasibility study of Organic Rankine Cycle (ORC) power generation using thermal and cryogenic waste energy on board an LNG passenger vessel,” International Journal of Energy Research 42, 3121–3142 (2018).
- X. Zheng, J. Zhang, Y. Li, H. Yuan, C. Guo, S. Zhao, N. Mei, “Sustainably harnessing of LNG cold energy for power generation and wastewater desalination,” Energy 326, 136341 (2025).
- C. Wang, J. Zhang, N. Sun, “Performance study and economic analysis of LNG cold energy integrated with liquid air energy storage: Simulation and experiment,” Energy 339, 139050 (2025).
- R. Li, F. Tang, J. Pan, Q. Cao, T. Hu, K. Wang, “Energy integration of LNG cold energy power generation and liquefied air energy storage: Process design, optimization and analysis,” Energy 321, 135513 (2025).
- J. Grbac, Thermodynamic analysis of the gasification process of liquefied natural gas for possible electricity generation, Master Thesis, Faculty of Engineering, University of Rijeka, Croatia, 2025. Available online: https://repository.riteh.uniri.hr/en/object/riteh:5391
- G. Towler, R. Sinnott, Chemical Engineering Design: Principles, Practice and Economics of Plant and Process Design, 3rd ed., Butterworth-Heinemann (Elsevier), Oxford, UK (2021).
- Chemical Engineering Magazine: Essentials for the CPI Professional, Available at: https://www.chemengonline.com/
- International Renewable Energy Agency (IRENA), Renewable Power Generation Costs in 2024, Abu Dhabi, UAE (2025). Available online: https://www.irena.org/Publications/2025/Jun/Renewable-Power- Generation-Costs-in-2024