Mr Sandeep1970, some remarks, your explanation is good but 2 things:
You will have always a flare, if the plant is every eficient, you will maybe not notice it. We use our fuel gases in 3 heaters, and sometimes you have to look for the flare, but it is allways there. Continous flaring is unavoidable. A big black smoking yellow flare indicates that pure hydrocarbons are being burned, and money is wasted. Like Enti said, there are a lot of factors contributing to this (instrumentation, maintenance, plant age, etc.)
Let's say you buy a boiler to be fired on the excess gas. You make an investment, and connect more equipment to this boiler.
If your excess gas is caused by defect equipment, the day this is in place, you will need to buy fuel for your newly installed Boiler, and all the savings you calculated by justify the installation of your boiler, will be lost and increase your production cost.
Like you said an anual thermal review or assessment is the only way to determine if you will have the required conditions to make environmental, technical and economical sound investment
My last remark, it is very difficult to send an e-mail if I do not see an address.
Kindly Regards Steven van Els
SAvanEls@cq-link.sr