IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v161y2016icp718-732.html
   My bibliography  Save this article

Methanol synthesis using captured CO2 as raw material: Techno-economic and environmental assessment

Author

Listed:
  • Pérez-Fortes, Mar
  • Schöneberger, Jan C.
  • Boulamanti, Aikaterini
  • Tzimas, Evangelos

Abstract

The purpose of this paper is to assess via techno-economic and environmental metrics the production of methanol (MeOH) using H2 and captured CO2 as raw materials. It evaluates the potential of this type of carbon capture and utilisation (CCU) plant on (i) the net reduction of CO2 emissions and (ii) the cost of production, in comparison with the conventional synthesis process of MeOH Europe. Process flow modelling is used to estimate the operational performance and the total purchased equipment cost; the flowsheet is implemented in CHEMCAD, and the obtained mass and energy flows are utilised as input to calculate the selected key performance indicators (KPIs). CO2-based metrics are used to assess the environmental impact. The evaluated MeOH plant produces 440ktMeOH/yr, and its configuration is the result of a heat integration process. Its specific capital cost is lower than for conventional plants. However, raw materials prices, i.e. H2 and captured CO2, do not allow such a project to be financially viable. In order to make the CCU plant financially attractive, the price of MeOH should increase in a factor of almost 2, or H2 costs should decrease almost 2.5 times, or CO2 should have a value of around 222€/t, under the assumptions of this work. The MeOH CCU-plant studied can utilise about 21.5% of the CO2 emissions of a pulverised coal (PC) power plant that produces 550MWnet of electricity. The net CO2 emissions savings represent 8% of the emissions of the PC plant (mainly due to the avoidance of consuming fossil fuels as in the conventional MeOH synthesis process). The results demonstrate that there is a net but small potential for CO2 emissions reduction; assuming that such CCU plants are constructed in Europe to meet the MeOH demand growth and the quantities that are currently imported, the net CO2 emissions reduction could be of 2.71MtCO2/yr.

Suggested Citation

  • Pérez-Fortes, Mar & Schöneberger, Jan C. & Boulamanti, Aikaterini & Tzimas, Evangelos, 2016. "Methanol synthesis using captured CO2 as raw material: Techno-economic and environmental assessment," Applied Energy, Elsevier, vol. 161(C), pages 718-732.
  • Handle: RePEc:eee:appene:v:161:y:2016:i:c:p:718-732
    DOI: 10.1016/j.apenergy.2015.07.067
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261915009071
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Pate, Ron & Klise, Geoff & Wu, Ben, 2011. "Resource demand implications for US algae biofuels production scale-up," Applied Energy, Elsevier, vol. 88(10), pages 3377-3388.
    2. Roddy, Dermot J., 2012. "Development of a CO2 network for industrial emissions," Applied Energy, Elsevier, vol. 91(1), pages 459-465.
    3. Li, Bingyun & Duan, Yuhua & Luebke, David & Morreale, Bryan, 2013. "Advances in CO2 capture technology: A patent review," Applied Energy, Elsevier, vol. 102(C), pages 1439-1447.
    4. Atsonios, Konstantinos & Kougioumtzis, Michael-Alexander & D. Panopoulos, Kyriakos & Kakaras, Emmanuel, 2015. "Alternative thermochemical routes for aviation biofuels via alcohols synthesis: Process modeling, techno-economic assessment and comparison," Applied Energy, Elsevier, vol. 138(C), pages 346-366.
    5. Takeshita, Takayuki, 2011. "Competitiveness, role, and impact of microalgal biodiesel in the global energy future," Applied Energy, Elsevier, vol. 88(10), pages 3481-3491.
    6. Yang, Chi-Jen & Jackson, Robert B., 2012. "China's growing methanol economy and its implications for energy and the environment," Energy Policy, Elsevier, vol. 41(C), pages 878-884.
    Full references (including those not matched with items on IDEAS)

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:161:y:2016:i:c:p:718-732. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Haili He). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.