Switchable catalysis for methanol and synthetic natural gas synthesis from CO2: A techno-economic investigation

The oil and gas sector produces a considerable volume of greenhouse gas emissions, mainly generated from flaring and venting natural gas. Herein, a techno-economic analysis has been performed of a switchable catalytic process to convert the CH and CO in flared/vented natural gas into syngas or metha...

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Autores: Merkouri, Loukia Pantzechroula, Mathew, Jayson, Jacob, Jerin, Ramírez-Reina, Tomás, Duyar, Melis S.
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2024
País:España
Institución:Consejo Superior de Investigaciones Científicas (CSIC)
Repositorio:DIGITAL.CSIC. Repositorio Institucional del CSIC
OAI Identifier:oai:dnet:digitalcsic_::d76337ffb1d71d18d4fd456bb46cb99d
Acceso en línea:http://hdl.handle.net/10261/365259
Access Level:acceso abierto
Palabra clave:Flared gas upgrading
Switchable catalysis
CO2 utilisation
Techno-economic analysis
Methanol synthesis
Synthetic natural gas
http://metadata.un.org/sdg/13
Take urgent action to combat climate change and its impacts
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spelling Switchable catalysis for methanol and synthetic natural gas synthesis from CO2: A techno-economic investigationMerkouri, Loukia PantzechroulaMathew, JaysonJacob, JerinRamírez-Reina, TomásDuyar, Melis S.Flared gas upgradingSwitchable catalysisCO2 utilisationTechno-economic analysisMethanol synthesisSynthetic natural gashttp://metadata.un.org/sdg/13Take urgent action to combat climate change and its impactsThe oil and gas sector produces a considerable volume of greenhouse gas emissions, mainly generated from flaring and venting natural gas. Herein, a techno-economic analysis has been performed of a switchable catalytic process to convert the CH and CO in flared/vented natural gas into syngas or methanol. Specifically, it was shown that depending on greenhouse gas composition, dry methane reforming (DRM), reverse water-gas shift (RWGS), and CO methanation could be chosen to valorise emissions in an overall profitable and flexible operation scenario. The switchable process produced methanol and synthetic natural gas as its products, resulting in an annual income of €687m and annual operating expenses of €452m. The pre-tax profit was calculated at €234m, and at the end of the project, the net present value was calculated as €1.9b with a profitability index of 4.7€/€. The expected payback time of this process was ca. 4 years, and with a 35% internal rate of return (IRR). Most importantly, this process consumed 42.8m tonnes of CO annually. The sensitivity analysis revealed that variations in operation time, green hydrogen price, and products' prices significantly impacted the profitability of the process. Overall, this techno-economic analysis demonstrated that switchable catalysis in greenhouse gas utilisation processes is profitable, and thus it could play an important role in achieving net zero emissions.Financial support for this work was provided by the School of Chemistry and Chemical Engineering (Chemical and Process Engineering) and the Doctoral College of the University of Surrey.Peer reviewedElsevierUniversity of SurreyMerkouri, Loukia Pantzechroula [0000-0001-6330-8887]#NODATA#Jacob, Jerin [0000-0003-0264-5163]Ramírez-Reina, Tomás [0000-0001-9693-5107]Duyar, Melis S. [0000-0002-9891-5932]Consejo Superior de Investigaciones Científicas [https://ror.org/02gfc7t72]2024202420242024info:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_6501Publisher's versioninfo:eu-repo/semantics/publishedVersionaplication/pdfhttp://hdl.handle.net/10261/365259reponame:DIGITAL.CSIC. Repositorio Institucional del CSICinstname:Consejo Superior de Investigaciones Científicas (CSIC)Ingléshttp://dx.doi.org/10.1016/j.jcou.2023.102652Síinfo:eu-repo/semantics/openAccessoai:dnet:digitalcsic_::d76337ffb1d71d18d4fd456bb46cb99d2026-05-22T06:33:51Z
dc.title.none.fl_str_mv Switchable catalysis for methanol and synthetic natural gas synthesis from CO2: A techno-economic investigation
title Switchable catalysis for methanol and synthetic natural gas synthesis from CO2: A techno-economic investigation
spellingShingle Switchable catalysis for methanol and synthetic natural gas synthesis from CO2: A techno-economic investigation
Merkouri, Loukia Pantzechroula
Flared gas upgrading
Switchable catalysis
CO2 utilisation
Techno-economic analysis
Methanol synthesis
Synthetic natural gas
http://metadata.un.org/sdg/13
Take urgent action to combat climate change and its impacts
title_short Switchable catalysis for methanol and synthetic natural gas synthesis from CO2: A techno-economic investigation
title_full Switchable catalysis for methanol and synthetic natural gas synthesis from CO2: A techno-economic investigation
title_fullStr Switchable catalysis for methanol and synthetic natural gas synthesis from CO2: A techno-economic investigation
title_full_unstemmed Switchable catalysis for methanol and synthetic natural gas synthesis from CO2: A techno-economic investigation
title_sort Switchable catalysis for methanol and synthetic natural gas synthesis from CO2: A techno-economic investigation
dc.creator.none.fl_str_mv Merkouri, Loukia Pantzechroula
Mathew, Jayson
Jacob, Jerin
Ramírez-Reina, Tomás
Duyar, Melis S.
author Merkouri, Loukia Pantzechroula
author_facet Merkouri, Loukia Pantzechroula
Mathew, Jayson
Jacob, Jerin
Ramírez-Reina, Tomás
Duyar, Melis S.
author_role author
author2 Mathew, Jayson
Jacob, Jerin
Ramírez-Reina, Tomás
Duyar, Melis S.
author2_role author
author
author
author
dc.contributor.none.fl_str_mv University of Surrey
Merkouri, Loukia Pantzechroula [0000-0001-6330-8887]
#NODATA#
Jacob, Jerin [0000-0003-0264-5163]
Ramírez-Reina, Tomás [0000-0001-9693-5107]
Duyar, Melis S. [0000-0002-9891-5932]
Consejo Superior de Investigaciones Científicas [https://ror.org/02gfc7t72]
dc.subject.none.fl_str_mv Flared gas upgrading
Switchable catalysis
CO2 utilisation
Techno-economic analysis
Methanol synthesis
Synthetic natural gas
http://metadata.un.org/sdg/13
Take urgent action to combat climate change and its impacts
topic Flared gas upgrading
Switchable catalysis
CO2 utilisation
Techno-economic analysis
Methanol synthesis
Synthetic natural gas
http://metadata.un.org/sdg/13
Take urgent action to combat climate change and its impacts
description The oil and gas sector produces a considerable volume of greenhouse gas emissions, mainly generated from flaring and venting natural gas. Herein, a techno-economic analysis has been performed of a switchable catalytic process to convert the CH and CO in flared/vented natural gas into syngas or methanol. Specifically, it was shown that depending on greenhouse gas composition, dry methane reforming (DRM), reverse water-gas shift (RWGS), and CO methanation could be chosen to valorise emissions in an overall profitable and flexible operation scenario. The switchable process produced methanol and synthetic natural gas as its products, resulting in an annual income of €687m and annual operating expenses of €452m. The pre-tax profit was calculated at €234m, and at the end of the project, the net present value was calculated as €1.9b with a profitability index of 4.7€/€. The expected payback time of this process was ca. 4 years, and with a 35% internal rate of return (IRR). Most importantly, this process consumed 42.8m tonnes of CO annually. The sensitivity analysis revealed that variations in operation time, green hydrogen price, and products' prices significantly impacted the profitability of the process. Overall, this techno-economic analysis demonstrated that switchable catalysis in greenhouse gas utilisation processes is profitable, and thus it could play an important role in achieving net zero emissions.
publishDate 2024
dc.date.none.fl_str_mv 2024
2024
2024
2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
http://purl.org/coar/resource_type/c_6501
Publisher's version
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10261/365259
url http://hdl.handle.net/10261/365259
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv http://dx.doi.org/10.1016/j.jcou.2023.102652
Sí
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv aplication/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:DIGITAL.CSIC. Repositorio Institucional del CSIC
instname:Consejo Superior de Investigaciones Científicas (CSIC)
instname_str Consejo Superior de Investigaciones Científicas (CSIC)
reponame_str DIGITAL.CSIC. Repositorio Institucional del CSIC
collection DIGITAL.CSIC. Repositorio Institucional del CSIC
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,81155

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