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Comparison between two methods of methanol production from carbon dioxide

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  • Anicic, B.
  • Trop, P.
  • Goricanec, D.

Abstract

Over recent years there has been a significant increase in the amount of technology contributing to lower emissions of carbon dioxide. The aim of this paper is to provide a comparison between two technologies for methanol production, both of which use carbon dioxide and hydrogen as initial raw materials. The first methanol production technology includes direct synthesis of methanol from CO2, and the second has two steps. During the first step CO2 is converted into CO via RWGS (reverse water gas shift) reaction, and methanol is produced during the second step. A comparison between these two methods was achieved in terms of economical and energy-efficiency bases. The price of electricity had the greatest impact from the economical point of view as hydrogen is produced via the electrolysis of water. Furthermore, both the cost of CO2 capture and the amounts of carbon taxes were taken into consideration. Energy-efficiency comparison is based on cold gas efficiency, while economic feasibility is compared using net present value. Even though the mentioned processes are similar, it was shown that direct methanol synthesis has higher energy and economic efficiency.

Suggested Citation

  • Anicic, B. & Trop, P. & Goricanec, D., 2014. "Comparison between two methods of methanol production from carbon dioxide," Energy, Elsevier, vol. 77(C), pages 279-289.
    • Handle: RePEc:eee:energy:v:77:y:2014:i:c:p:279-289
    DOI: 10.1016/j.energy.2014.09.069
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    Cited by:

    1. Ray, Debjyoti & Nepak, Devadutta & Vinodkumar, T. & Subrahmanyam, Ch., 2019. "g-C3N4 promoted DBD plasma assisted dry reforming of methane," Energy, Elsevier, vol. 183(C), pages 630-638.
    2. Huang, Yue & Zhu, Lin & He, Yangdong & Wang, Yuan & Hao, Qiang & Zhu, Yifei, 2023. "Carbon dioxide utilization based on exergoenvironmental sustainability assessment: A case study of CO2 hydrogenation to methanol," Energy, Elsevier, vol. 273(C).
    3. Oleg Bazaluk & Valerii Havrysh & Vitalii Nitsenko & Tomas Baležentis & Dalia Streimikiene & Elena A. Tarkhanova, 2020. "Assessment of Green Methanol Production Potential and Related Economic and Environmental Benefits: The Case of China," Energies, MDPI, vol. 13(12), pages 1-25, June.
    4. Ravikumar, Dwarakanath & Keoleian, Gregory & Miller, Shelie, 2020. "The environmental opportunity cost of using renewable energy for carbon capture and utilization for methanol production," Applied Energy, Elsevier, vol. 279(C).
    5. Abu Yousuf & Md Shahadat Hossain & Nishat Paul & Md Woashib Shikder & Deepak Kumar & Domenico Pirozzi & Ahmed Nazmus Sakib & Pejman Kazempoor, 2023. "Process Integration Approach to the Methanol (MeOH) Production Variability from Syngas and Industrial Waste Gases," Energies, MDPI, vol. 16(18), pages 1-24, September.
    6. Anetjärvi, Eemeli & Vakkilainen, Esa & Melin, Kristian, 2023. "Benefits of hybrid production of e-methanol in connection with biomass gasification," Energy, Elsevier, vol. 276(C).
    7. Wang, Bin & Yao, Anren & Yao, Chunde & Chen, Chao & Wang, Hui, 2020. "In-depth comparison between pure diesel and diesel methanol dual fuel combustion mode," Applied Energy, Elsevier, vol. 278(C).
    8. Ramirez-Corredores, M.M. & Diaz, Luis A. & Gaffney, Anne M. & Zarzana, Christopher A., 2021. "Identification of opportunities for integrating chemical processes for carbon (dioxide) utilization to nuclear power plants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 150(C).
    9. Matzen, Michael & Alhajji, Mahdi & Demirel, Yaşar, 2015. "Chemical storage of wind energy by renewable methanol production: Feasibility analysis using a multi-criteria decision matrix," Energy, Elsevier, vol. 93(P1), pages 343-353.
    10. Dongliang, Wang & Wenliang, Meng & Huairong, Zhou & Guixian, Li & Yong, Yang & Hongwei, Li, 2021. "Green hydrogen coupling with CO2 utilization of coal-to-methanol for high methanol productivity and low CO2 emission," Energy, Elsevier, vol. 231(C).
    11. Tabibian, Seyed Shayan & Sharifzadeh, Mahdi, 2023. "Statistical and analytical investigation of methanol applications, production technologies, value-chain and economy with a special focus on renewable methanol," Renewable and Sustainable Energy Reviews, Elsevier, vol. 179(C).
    12. Samuel Simon Araya & Vincenzo Liso & Xiaoti Cui & Na Li & Jimin Zhu & Simon Lennart Sahlin & Søren Højgaard Jensen & Mads Pagh Nielsen & Søren Knudsen Kær, 2020. "A Review of The Methanol Economy: The Fuel Cell Route," Energies, MDPI, vol. 13(3), pages 1-32, January.
    13. Oner, Oytun & Khalilpour, Kaveh, 2022. "Evaluation of green hydrogen carriers: A multi-criteria decision analysis tool," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    14. Zain, Munirah Md & Mohamed, Abdul Rahman, 2018. "An overview on conversion technologies to produce value added products from CH4 and CO2 as major biogas constituents," Renewable and Sustainable Energy Reviews, Elsevier, vol. 98(C), pages 56-63.
    15. Kotowicz, Janusz & Węcel, Daniel & Brzęczek, Mateusz, 2021. "Analysis of the work of a “renewable” methanol production installation based ON H2 from electrolysis and CO2 from power plants," Energy, Elsevier, vol. 221(C).

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