Abstract
Energy dense liquid biofuels are needed where direct electrification is infeasible, such as the heavy-transports sector. A novel flexible methanol production unit with highly integrated solid oxide cells, characterized by five operating modes, is compared with two non-flexible units from a techno-economic perspective. The aim is to investigate whether a more complex flexible methanol production facility that is able to both store and produce electricity could be cost-competitive with single-mode solutions, by ensuring a higher capacity factor. The flexible solution has the highest capital cost (620 M$2019), followed by the so-called electricity storage single-mode unit (490 M$2019) and the conventional unit (390 M$2019). Decomposition of the methanol production costs shows that electricity and biomass are the major cost factors. The minimum fuel selling price is generally lowest for the conventional unit (92–117 $/MWhth), followed by the electricity storage single-mode unit (87–127 $/MWhth), and the flexible system (93–125 $/MWhth). Flexibility is generally not a key-strength for the flexible unit, as the increased investment cost associated to a major complexity represents a disadvantage. However, flexibility becomes relevant when imposing constraints on the use of electricity produced from fossil fuels to produce methanol, since it ensures higher capacity factor and methanol yield.
Originalsprog | Engelsk |
---|---|
Artikelnummer | 106718 |
Tidsskrift | Fuel Processing Technology |
Vol/bind | 215 |
ISSN | 0378-3820 |
DOI | |
Status | Udgivet - maj 2021 |
Bibliografisk note
Funding Information:The authors wish to thank the Energy Technology Development and Demonstration Program ( EUDP ) at the Danish Energy Agency for financial support via the “EP2GAS” project (project no. 64017-0011 ).
Publisher Copyright:
© 2020 Elsevier B.V.