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Records with Keyword: Technoeconomic Analysis
Techno-Economic Analysis of CO2 Capture Technologies in Offshore Natural Gas Field: Implications to Carbon Capture and Storage in Malaysia
Norhasyima Rahmad Sukor, Abd Halim Shamsuddin, Teuku Meurah Indra Mahlia, Md Faudzi Mat Isa
May 22, 2020 (v1)
Keywords: carbon capture and storage (CCS), Carbon Dioxide Capture, offshore gas field, Technoeconomic Analysis
Growing concern on global warming directly related to CO2 emissions is steering the implementation of carbon capture and storage (CCS). With Malaysia having an estimated 37 Tscfd (Trillion standard cubic feet) of natural gas remains undeveloped in CO2 containing natural gas fields, there is a need to assess the viability of CCS implementation. This study performs a techno-economic analysis for CCS at an offshore natural gas field in Malaysia. The framework includes a gas field model, revenue model, and cost model. A techno-economic spreadsheet consisting of Net Present Value (NPV), Payback Period (PBP), and Internal Rate of Return (IRR) is developed over the gas field’s production life of 15 years for four distinctive CO2 capture technologies, which are membrane, chemical absorption, physical absorption, and cryogenics. Results predict that physical absorption solvent (Selexol) as CO2 capture technology is most feasible with IRR of 15% and PBP of 7.94 years. The output from the techno-... [more]
Oxidative Coupling of Methane in Membrane Reactors; A Techno-Economic Assessment
Aitor Cruellas, Jelle Heezius, Vincenzo Spallina, Martin van Sint Annaland, José Antonio Medrano, Fausto Gallucci
May 8, 2020 (v1)
Keywords: chemical processes, fuel-switching scenario, membrane reactors, methane coupling, Modelling, oxygen selective membrane, Technoeconomic Analysis
Oxidative coupling of methane (OCM) is a process to directly convert methane into ethylene. However, its ethylene yield is limited in conventional reactors by the nature of the reaction system. In this work, the integration of different membranes to increase the overall performance of the large-scale oxidative coupling of methane process has been investigated from a techno-economic point of view. A 1D membrane reactor model has been developed, and the results show that the OCM reactor yield is significantly improved when integrating either porous or dense membranes in packed bed reactors. These higher yields have a positive impact on the economics and performance of the downstream separation, resulting in a cost of ethylene production of 595−625 €/tonC2H4 depending on the type of membranes employed, 25−30% lower than the benchmark technology based on oil as feedstock (naphtha steam cracking). Despite the use of a cryogenic separation unit, the porous membranes configuration shows gener... [more]
Feasibility Assessment of Two Biogas-Linked Rural Campus Systems: A Techno-Economic Case Study
Liqin Zhu, Congguang Zhang
April 1, 2020 (v1)
Keywords: biomass conversion, eco-campus, sustainable development, Technoeconomic Analysis
The principle of sustainable development is becoming more and more prominent in various schools, and the eco-campus in rural areas often has more room for display. The identification and assessment of cost-effective biomass resources appropriate for recycling represent an opportunity that may significantly improve the comprehensive efficiency of an eco-campus system, resulting in remarkable investment savings, pollution reduction, as well as reducing energy consumption and resources waste. The economic feasibility of two biogas-linked rural campus systems (Fanjiazhai Middle School, FJZ and Xidazhai Middle School, XDZ, Yangling, China), as well as their key technologies, is investigated, the two systems respectively represent two biobased agricultural production modes. It is found that the initial investment, operating investment, and total revenue of FJZ system is 1.37 times, 2.39 times, and 1.71 times of XDZ system respectively, thus indicating that FJZ campus is proved to be a “large... [more]
Techno-Economic Implications of Fed-Batch Enzymatic Hydrolysis
Ellen Argo, Deepak R. Keshwani
December 16, 2019 (v1)
Keywords: cellulosic ethanol, fed-batch hydrolysis, process simulation, Technoeconomic Analysis
Fed-batch enzymatic hydrolysis has the potential to improve the overall process of converting cellulosic biomass into ethanol. This paper utilizes a process simulation approach to identify and quantify techno-economic differences between batch and fed-batch enzymatic hydrolysis in cellulosic ethanol production. The entire process of converting corn stover into ethanol was simulated using SuperPro Designer simulation software. The analysis was conducted for a plant capacity of 2000 metric tons of dry biomass per day. A literature review was used to identify baseline parameters for the process. The sensitivity of the ethanol production cost to changes in sugar conversion efficiency, plant capacity, biomass cost, power cost, labor cost, and enzyme cost was evaluated using the process simulation. For the base scenario, the ethanol unit production cost was approximately $0.10/gallon lower for fed-batch hydrolysis. The greatest differences were seen in facilities costs, labor costs, and capi... [more]
Biogas Engine Waste Heat Recovery Using Organic Rankine Cycle
Alberto Benato, Alarico Macor
December 10, 2019 (v1)
Keywords: biogas engine, fluid selection, Optimization, organic Rankine cycle, Technoeconomic Analysis, waste heat recovery
Italy is a leading country in the biogas sector. Energy crops and manure are converted into biogas using anaerobic digestion and, then, into electricity using internal combustion engines (ICEs). Therefore, there is an urgent need for improving the efficiency of these engines taking the real operation into account. To this purpose, in the present work, the organic Rankine cycle (ORC) technology is used to recover the waste heat contained in the exhaust gases of a 1 MWel biogas engine. The ICE behavior being affected by the biogas characteristics, the ORC unit is designed, firstly, using the ICE nameplate data and, then, with data measured during a one-year monitoring activity. The optimum fluid and the plant configuration are selected in both cases using an “in-house” optimization tool. The optimization goal is the maximization of the net electric power while the working fluid is selected among 115 pure fluids and their mixtures. Results show that a recuperative ORC designed using real... [more]
A Feasibility Study of Cellulosic Isobutanol Production—Process Simulation and Economic Analysis
Avraam Roussos, Nikiforos Misailidis, Alexandros Koulouris, Francesco Zimbardi, Demetri Petrides
December 3, 2019 (v1)
Keywords: isobutanol, Monte Carlo simulation, process simulation, Technoeconomic Analysis
Renewable liquid biofuels for transportation have recently attracted enormous global attention due to their potential to provide a sustainable alternative to fossil fuels. In recent years, the attention has shifted from first-generation bioethanol to the production of higher molecular weight alcohols, such as biobutanol, from cellulosic feedstocks. The economic feasibility of such processes depends on several parameters such as the cost of raw materials, the fermentation performance and the energy demand for the pretreatment of biomass and downstream processing. In this work, two conceptual process scenarios for isobutanol production, one with and one without integrated product removal from the fermentor by vacuum stripping, were developed and evaluated using SuperPro Designer®. In agreement with previous publications, it was concluded that the fermentation titer is a crucial parameter for the economic competitiveness of the process as it is closely related to the energy requirements f... [more]
Impact of Fractionation Process on the Technical and Economic Viability of Corn Dry Grind Ethanol Process
Chinmay Kurambhatti, Deepak Kumar, Vijay Singh
November 24, 2019 (v1)
Subject: Energy Policy
Keywords: corn fiber, corn processing, dry fractionation, dry grind, Ethanol, Technoeconomic Analysis, wet fractionation
Use of corn fractionation techniques in dry grind process increases the number of coproducts, enhances their quality and value, generates feedstock for cellulosic ethanol production and potentially increases profitability of the dry grind process. The aim of this study is to develop process simulation models for eight different wet and dry corn fractionation techniques recovering germ, pericarp fiber and/or endosperm fiber, and evaluate their techno-economic feasibility at the commercial scale. Ethanol yields for plants processing 1113.11 MT corn/day were 37.2 to 40 million gal for wet fractionation and 37.3 to 31.3 million gal for dry fractionation, compared to 40.2 million gal for conventional dry grind process. Capital costs were higher for wet fractionation processes ($92.85 to $97.38 million) in comparison to conventional ($83.95 million) and dry fractionation ($83.35 to $84.91 million) processes. Due to high value of coproducts, ethanol production costs in most fractionation proc... [more]
CO2 Hydrogenation to Methanol by a Liquid-Phase Process with Alcoholic Solvents: A Techno-Economic Analysis
Harri Nieminen, Arto Laari, Tuomas Koiranen
September 5, 2019 (v1)
Keywords: alcohol promoted, CO2 hydrogenation, liquid-phase process, methanol synthesis, process simulation, Technoeconomic Analysis
Synthesis of methanol from recirculated CO2 and H2 produced by water electrolysis allows sustainable production of fuels and chemical storage of energy. Production of renewable methanol has, however, not achieved commercial breakthrough, and novel methods to improve economic feasibility are needed. One possibility is to alter the reaction route to methanol using catalytic alcoholic solvents, which makes the process possible at lower reaction temperatures. To estimate the techno-economic potential of this approach, the feasibilities of the conventional gas-phase process and an alternative liquid-phase process employing 2-butanol or 1-butanol solvents were compared by means of flowsheet modelling and economic analysis. As a result, it was found that despite improved methanol yield, the presence of solvent adds complexity to the process and increases separation costs due to the high volatility of the alcohols and formation of azeotropes. Hydrogen, produced from wind electricity, was the m... [more]
Integrating Genome-Scale and Superstructure Optimization Models in Techno-Economic Studies of Biorefineries
Amir Akbari, Paul I. Barton
July 31, 2019 (v1)
Subject: Biosystems
Keywords: algal biorefinery, disjunctive programming, genome-scale models, life-cycle analysis, mixed-integer nonlinear programming, superstructure optimization, Technoeconomic Analysis
Genome-scale models have become indispensable tools for the study of cellular growth. These models have been progressively improving over the past two decades, enabling accurate predictions of metabolic fluxes and key phenotypes under a variety of growth conditions. In this work, an efficient computational method is proposed to incorporate genome-scale models into superstructure optimization settings, introducing them as viable growth models to simulate the cultivation section of biorefinaries. We perform techno-economic and life-cycle analyses of an algal biorefinery with five processing sections to determine optimal processing pathways and technologies. Formulation of this problem results in a mixed-integer nonlinear program, in which the net present value is maximized with respect to mass flowrates and design parameters. We use a genome-scale metabolic model of Chlamydomonas reinhardtii to predict growth rates in the cultivation section. We study algae cultivation in open ponds, in... [more]
Maximizing Our Impact: A call for the standardization of techno-economic analyses for sustainable energy systems design research
Thomas A Adams II
July 17, 2019 (v3)
Keywords: eco-Technoeconomic Analysis, Life Cycle Analysis, Standardization, Technoeconomic Analysis
This presentation makes the case for the development of a new ISO standard for conduction eco-technoeconomic analyses (eTEAs) within the field of energy systems engineering and chemical process systems engineering. The talk provides a motivating example of a recent study that showed how standardization of eTEAs made it possible to make fair comparisons between different types of power plants using carbon capture and sequestration by using eTEAs reported in the literature that have been converted to certain standards. That lead to informed decisions which were not possible without standardization methods, because it major variables are controlled such that analyses can focus on the value of the process concept itself rather than external factors like size, financing, and case-specific assumptions. Then, the talk outlines how the proposed ISO standards would work, their goals and scope, examples of standard practices, methods, and assumptions that could be used and what they might look l... [more]
Valorization of Shale Gas Condensate to Liquid Hydrocarbons through Catalytic Dehydrogenation and Oligomerization
Taufik Ridha, Yiru Li, Emre Gençer, Jeffrey J. Siirola, Jeffrey T. Miller, Fabio H. Ribeiro, Rakesh Agrawal
April 8, 2019 (v1)
Keywords: process synthesis and design, shale gas condensate, shale gas condensate-to-heavier liquids, Technoeconomic Analysis
The recent shale gas boom has transformed the energy landscape of the United States. Compared to natural gas, shale resources contain a substantial amount of condensate and natural gas liquids (NGLs). Many shale basin regions located in remote areas are lacking the infrastructure to distribute the extracted NGLs to other regions—particularly the Gulf Coast, a major gas processing region. Here we present a shale gas transformation process that converts NGLs in shale resources into liquid hydrocarbons, which are easier to transport from these remote basins than NGL or its constituents. This process involves catalytic dehydrogenation followed by catalytic oligomerization. Thermodynamic process analysis shows that this process has the potential to be more energy efficient than existing NGL-to-liquid fuel (NTL) technologies. In addition, our estimated payback period for this process is within the average lifetime of shale gas wells. The proposed process holds the promise to be an energy eff... [more]
Finding the Signal in the Noise: Determining North America’s best path forward for sustainable energy
Thomas A Adams II
August 1, 2019 (v3)
Keywords: Calcium Looping, Carbon Dioxide Capture, Chemical Looping, Life Cycle Analysis, Meta-Study, Oxyfuels, Postcombustion Capture, Solid Oxide Fuel Cells, Technoeconomic Analysis
One of the largest engineering challenges of our time is finding technical solutions that permit the use of our energy resources in a sustainable way. In order to achieve meaningful and positive change, new energy systems must adhere to the triple bottom line of sustainability. This means that new technical solutions must be economically, socio-politically, and environmentally sustainable, such that they can be rapidly adopted and accepted. The engineering literature is full of a great many technical proposals for new energy systems, but it turns out to be quite hard to objectively look at them all, see through the hype, and decide which are the best and most promising technologies in which to invest our research and development dollars. In this talk, I will present a case study with the results of our recent meta-study covering over 100 candidate electricity generation systems with carbon dioxide capture, in order to determine which are the most promising classes of technologies. I wi... [more]
Techno-Economic Modeling and Analysis of Redox Flow Battery Systems
Jens Noack, Lars Wietschel, Nataliya Roznyatovskaya, Karsten Pinkwart, Jens Tübke
January 30, 2019 (v1)
Keywords: cost, materials, redox flow battery, Technoeconomic Analysis
A techno-economic model was developed to investigate the influence of components on the system costs of redox flow batteries. Sensitivity analyses were carried out based on an example of a 10 kW/120 kWh vanadium redox flow battery system, and the costs of the individual components were analyzed. Particular consideration was given to the influence of the material costs and resistances of bipolar plates and energy storage media as well as voltages and electric currents. Based on the developed model, it was possible to formulate statements about the targeted optimization of a developed non-commercial vanadium redox flow battery system and general aspects for future developments of redox flow batteries.
Techno-Economic Analysis of Integrating First and Second-Generation Ethanol Production Using Filamentous Fungi: An Industrial Case Study
Karthik Rajendran, Sreevathsava Rajoli, Mohammad J. Taherzadeh
November 27, 2018 (v1)
Subject: Biosystems
Keywords: Ethanol, lignocelluloses, process design, process integration, Technoeconomic Analysis
The 2nd generation plants producing ethanol from lignocelluloses demand risky and high investment costs. This paper presents the energy- and economical evaluations for integrating lignocellulose in current 1st generation dry mill ethanol processes, using filamentous fungi. Dry mills use grains and have mills, liquefactions, saccharifications, fermentation, and distillation to produce ethanol, while their stillage passes centrifugation, and evaporation to recycle the water and dry the cake and evaporated syrup into animal feed. In this work, a bioreactor was considered to cultivate fungi on the stillage either before or after the centrifugation step together with pretreated lignocellulosic wheat bran. The results showed that the integrated 1st and 2nd generation ethanol process requires a capital investment of 77 million USD, which could yield NPV of 162 million USD after 20 years. Compared to the fungal cultivation on thin stillage modified 1st generation process, the integrated proces... [more]
A Model for the Assessment of Different Net-Metering Policies
Georgios C. Christoforidis, Ioannis P. Panapakidis, Theofilos A. Papadopoulos, Grigoris K. Papagiannis, Ioannis Koumparou, Maria Hadjipanayi, George E. Georghiou
November 27, 2018 (v1)
Subject: Energy Policy
Keywords: energy policy, net-metering (NEM), photovoltaics, Technoeconomic Analysis
The photovoltaic market has recently experienced an enormous expansion, mainly due to the generous Feed-in-Tariffs (FiTs) adopted by many countries. However, in the recent years FiTs have been considerably reduced or even disappeared as their role in the PV deployment has ended. One of the alternatives is the Net-Metering (NEM) policy, which has attracted the interest of stakeholders as it provides a basis for the efficient collaboration between generation and the consumption profiles of the consumer. Currently, there is a lack of a universal policy harmonizing the respective legislations of the E.U. member countries. This paper proposes a novel generalized methodology for the techno-economic assessment of different NEM policies in terms of profitability for the prosumer. The methodology is tested in a formulated case study based on the current NEM policy in Greece. The method proposed uses as inputs the averaged load profiles constructed from real measurements collected from 31 consum... [more]
Techno-economic System Analysis for SOFC/GT Hybrid System Accounting for Degradation Effects
Haoxiang Lai, Thomas Adams II
October 30, 2018 (v1)
Keywords: Modeling and simulation, Process design, SOFC/GT Hybrid, Technoeconomic Analysis
Solid oxide fuel cells (SOFCs) produce power with higher efficiency and lower greenhouse gas emission than conventional power production systems such as coal/natural gas power plants. However, a major challenge with SOFCs is that they degrade over time, leading to a short lifetime and limiting their commercialization. When operated in constant power mode—the most common way of baseload power production—the lifetime of an SOFC is as short as around 1.5 years. As an SOFC starts to degrade, the fuel rate and current density must increase in order to compensate and keep power production at a constant level. This compounds the problem by actually increasing the rate of degradation further, resulting in an exponentially increasing degradation rate and therefore a short lifetime.
It has recently been found that by operating the SOFC differently with constant voltage instead of power, the degradation rate can be slowed such that the cell lifetime can be increased to around 13-14 years. In th... [more]
Optimal Component Sizing for Peak Shaving in Battery Energy Storage System for Industrial Applications
Rodrigo Martins, Holger C. Hesse, Johanna Jungbauer, Thomas Vorbuchner, Petr Musilek
September 21, 2018 (v1)
Keywords: Energy Storage, linear programming, battery aging modelling, lithium-ion battery, peak-shaving, Technoeconomic Analysis
Recent attention to industrial peak shaving applications sparked an increased interest in battery energy storage. Batteries provide a fast and high power capability, making them an ideal solution for this task. This work proposes a general framework for sizing of battery energy storage system (BESS) in peak shaving applications. A cost-optimal sizing of the battery and power electronics is derived using linear programming based on local demand and billing scheme. A case study conducted with real-world industrial profiles shows the applicability of the approach as well as the return on investment dependence on the load profile. At the same time, the power flow optimization reveals the best storage operation patterns considering a trade-off between energy purchase, peak-power tariff, and battery aging. This underlines the need for a general mathematical optimization approach to efficiently tackle the challenge of peak shaving using an energy storage system. The case study also compares t... [more]
Effect of Moisture Content on Lignocellulosic Power Generation: Energy, Economic and Environmental Impacts
Karthik Rajendran
July 31, 2018 (v1)
Keywords: energy analysis, life-cycle assessments, lignocellulose, power generation, Technoeconomic Analysis
The moisture content of biomass affects its processing for applications such as electricity or steam. In this study, the effects of variation in moisture content of banagrass and energycane was evaluated using techno-economic analysis and life-cycle assessments. A 25% loss of moisture was assumed as a variation that was achieved by field drying the biomass. Techno-economic analysis revealed that high moisture in the biomass was not economically feasible. Comparing banagrass with energycane, the latter was more economically feasible; thanks to the low moisture and ash content in energycane. About 32 GWh/year of electricity was produced by field drying 60,000 dry MT/year energycane. The investment for different scenarios ranged between $17 million and $22 million. Field-dried energycane was the only economically viable option that recovered the investment after 11 years of operation. This scenario was also more environmentally friendly, releasing 16-gCO₂ equivalent/MJ of electricity prod... [more]
Techno-economic comparison of Acetone-Butanol-Ethanol fermentation using various extractants
Giancarlo Dalle Ave, Thomas A. Adams II
June 12, 2018 (v1)
Keywords: Acetone, Butanol, Cost of CO2 Emissions Avoided, Ethanol, Extraction, Fermentation, Technoeconomic Analysis
This work compares various chemicals for use as extractants in second-generation Acetone-Butanol-Ethanol fermentation on economic and environmental bases. Both non-toxic and toxic extractants are considered in this study. The combinative extractive-distillation separation process was modelled using a combination of Microsoft Excel 2013, MATLAB 2015 and Aspen Plus v8.8. Separation trains were designed and optimized for each extractant to best take advantage of extractant properties. Upstream units considered in this analysis include: biomass (switchgrass) solids processing, biomass pre-treatment and saccharification, and fermentation. Downstream processes considered include utility generation and wastewater treatment. The cost of CO2 equivalent emissions avoided (CCA) was used as the metric to compare the environmental impact of each process as compared to conventional petroleum-based gasoline. The economic and environmental best extractant is shown to be 2-ethyl-hexanol with a minimum... [more]
Techno-economic comparison of Acetone-Butanol-Ethanol fermentation using various extractants
Giancarlo Dalle Ave, Thomas A. Adams II
June 12, 2018 (v1)
Keywords: Acetone, Butanol, Cost of CO2 Emissions Avoided, Ethanol, Extraction, Fermentation, Technoeconomic Analysis
This work compares various chemicals for use as extractants in second-generation Acetone-Butanol-Ethanol fermentation on economic and environmental bases. Both non-toxic and toxic extractants are considered in this study. The combinative extractive-distillation separation process was modelled using a combination of Microsoft Excel 2013, MATLAB 2015 and Aspen Plus v8.8. Separation trains were designed and optimized for each extractant to best take advantage of extractant properties. Upstream units considered in this analysis include: biomass (switchgrass) solids processing, biomass pre-treatment and saccharification, and fermentation. Downstream processes considered include utility generation and wastewater treatment. The cost of CO2 equivalent emissions avoided (CCA) was used as the metric to compare the environmental impact of each process as compared to conventional petroleum-based gasoline. The economic and environmental best extractant is shown to be 2-ethyl-hexanol with a minimum... [more]
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