Business Case and Project Proposal: Waste Heat Recovery Project

  1. Business Background

The company spends a lot of money on generating and maintaining heat supply required to run machines and ensure production. Approximately, the company pays $150,000 per year in heat production. It is essential to reconsider the heat production system and allow the company to spend less on output and increase the annual income.

Therefore, the waste heat recovery project aims at establishing a mechanism to produce more heat using well-established procedures in appropriating the heat produced. The project will help the company attain increased production at a lower cost. The use of advanced lagging on heat pipes and the establishment of cost effective heat condensers will assist the project to achieve its primary goal.  Moreover, the project will allow the company to save up to $70,000 per year, an amount that could be used in empowering other functional departments of the company.

  1. Business Requirements

The modern business world demands a high degree of efficiency and enhanced production. In fact, it helps the company withstand the increased competition in a more globalized market.

  1. We require the capability to produce enough energy to run all the production phases and ensure sufficient output.
  2. We require the capability to harness the lost energy as a mechanism to reduce the cost of energy generation and conserve the resources used in energy production.
  3. We need the capability to expand our market share and capture new stakeholders and customers as a strategy to globalize our production. This expansion involves increasing our revenue by approximately $50,000 per year.
  4. Description of the Proposed Project          

            Additional equipment should be supplied to bridge the gap in the technology of heat production to realize the objectives of this project.  Flavourtech and the energy services provider are the best partners to help supply the required resources. The condensers provided will increase heat production by condensing vapor at 94 degrees Celsius. The coils provided, made of stainless steel, will produce at least 250 kWh of heat.  The recovered heat through condensation and lagging will then be recycled in the first phase of production…

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