Techno-economic barriers of an industrial-scale methanol CCU-plant

Judit Nyári, Mohamed Magdeldin, Martti Larmi, Mika Järvinen, Annukka Santasalo-Aarnio*

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

5 Citations (Scopus)
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Abstract

Global anthropogenic CO2 emissions are expected to peak to 40Gt in 2020. If these emissions are not mitigated climate change and global warming will further aggregate. Meanwhile, demand for products and fuels produced from fossil raw materials are increasing. CO2, however, can be considered as feedstock for certain materials and processes. If CO2 is catalytically synthesised with H2 it can form a variety of hydrocarbons, such as methane, methanol (MeOH), higher alcohols, and liquid fuels. In this paper, a simulation model of a MeOH plant using CO2 and H2 as feedstock was developed in Aspen Plus™. This is the first plant studied at an industrial-scale comparable with fossil MeOH plant units. The plant produces 5kt chemical-grade MeOH daily that can be used as raw material for the chemical industry or as a fuel. The kinetic model, considering both CO and CO2 as the source of carbon, accomplished high overall CO2 conversion rate and close to stoichiometric raw material utilisation. Under the current market conditions, the MeOH plant is not feasible even at this scale. The most significant cost parameter making the plant non-viable is attributed to the high cost of H2 produced by water electrolysis. A series of sensitivity analyses revealed that co-selling of O2 by-product from the electrolyser and lowering the H2 cost price have a significant factor in achieving a more competitive levelised cost of MeOH. These economic results are analysed in-depth with previous studies to reveal the effect of different economic assumptions.

Original languageEnglish
Article number101166
Number of pages13
JournalJournal of CO2 Utilization
Volume39
Early online date29 May 2020
DOIs
Publication statusPublished - Jul 2020
MoE publication typeA1 Journal article-refereed

Keywords

  • Abbreviations CAPEX Capital expenses
  • CC Carbon capture
  • CCS Carbon capture and storage
  • CCU Carbon capture and utilisation
  • CEPCI Chemical Engineering Plant Cost Index
  • DME Dimethyl ether
  • EBITDA Earnings before interest, taxes, depreciation and amortization
  • EOR Enhanced oil recovery
  • FCI Fixed capital investment
  • FG Flue gas
  • FTS Fischer-Tropsch synthesis
  • HC Hydrocarbon
  • HEN Heat exchange network
  • LCOMeOH Levelised cost of methanol
  • LHV Lower heating value
  • MeOH Methanol
  • MTA Methanol-to-aromatics
  • MTG Methanol-to-gasoline
  • MTO Methanol-to-olefins
  • MTP Methanol-to-propylene
  • OPEX Operational expenses
  • PEC Purchased equipment cost
  • PEM Proton exchange membrane
  • RON Research Octane Number
  • RWGS Reverse water-gas shift
  • VB Vanden Busche

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