LAPSE:2020.1235
Published Article
LAPSE:2020.1235
Optimization of CCUS Supply Chains for Some European Countries under the Uncertainty
Grazia Leonzio, Pier Ugo Foscolo, Edwin Zondervan
December 17, 2020
This paper develops a two-stage stochastic mixed integer linear programming model to optimize Carbon Capture, Utilization and Storage (CCUS) supply chains in Italy, Germany and the UK. Few works are present in the literature about this topic, thus this paper overcomes this limitation considering carbon supply chains producing different products. The objective of the numerical models is to minimize expected total costs, under the uncertainties of the production costs of carbon-dioxide-based compounds. Once carbon dioxide emissions that should be avoided are fixed, according to environmental protection requirements for each country, the optimal design of these supply chains is obtained finding the distribution of carbon dioxide captured between utilization and storage sections, the amount of different carbon-based products and the best connection between each element inside the system. The expected total costs for the CCUS supply chain of Italy, Germany and the UK are, respectively, 77.3, 98.0 and 1.05 billion€/year (1004, 613 and 164 €/ton CO2 captured). A comparison with the respective deterministic model, analyzed elsewhere, is considered through the evaluation of the Expected Value of Perfect Information (EVPI) and the Value of Stochastic Solution (VSS). The former is 1.29 billion€/year, 0.18 million€/year and 8.31 billion€/year, respectively, for the CCUS of Italy, the UK and Germany. VSS on the other hand is equal to 1.56 billion€/year, 0 €/year and 0.1 billion€/year, respectively, for the frameworks of Italy, the UK and Germany. The results show that the uncertain production cost in the stochastic model does not have a significant effect on the results; thus, in this case, there are few advantages in solving a stochastic model instead of the deterministic one.
Keywords
CCUS supply chain, mathematical model, Optimization, stochastic model
Suggested Citation
Leonzio G, Foscolo PU, Zondervan E. Optimization of CCUS Supply Chains for Some European Countries under the Uncertainty. (2020). LAPSE:2020.1235
Author Affiliations
Leonzio G: Department of Industrial and Information Engineering and Economics, University of L’Aquila, Via Giovanni Gronchi 18, 67100 L’Aquila, Italy [ORCID]
Foscolo PU: Department of Industrial and Information Engineering and Economics, University of L’Aquila, Via Giovanni Gronchi 18, 67100 L’Aquila, Italy
Zondervan E: Laboratory of Process Systems Engineering, Department of Production Engineering, Universität Bremen, Leobener Str. 6, 28359 Bremen, Germany
Journal Name
Processes
Volume
8
Issue
8
Article Number
E960
Year
2020
Publication Date
2020-08-10
Published Version
ISSN
2227-9717
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Original Submission
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PII: pr8080960, Publication Type: Journal Article
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LAPSE:2020.1235
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doi:10.3390/pr8080960
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Dec 17, 2020
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Dec 17, 2020
 
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Calvin Tsay
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