An economic evaluation on welfare distribution and carbon sequestration under competitive pyrolysis technologies

Abstract

Pyrolysis and gasification are considered as a means of producing renewable energy and improving energy sustainability, which has become attractive renewable technologies to many countries. Unlike other studies that are conducted in small scale, this study aims to aggregate the economic and environmental effects such as agricultural benefits, energy sale, and carbon sequestration to provide more detailed information to decision-makers before these projects are widely employed. This study first employs a lifecycle assessment to investigate the feasibility, profitability, and emission reduction of four major pyrolysis and gasification technologies using crop residuals, and then conducts a sensitive analysis to examine the most influential factors. The results indicate that the intermediate pyrolysis with rice straw and slow pyrolysis from corn stover could offset the carbon dioxide the most. However, the pyrolysis value is also sensitive to production of the feedstock used. Value adding of stover-based biochar under fast pyrolysis improves profitability but other technologies do not have such patterns. Additionally, while gasification can generate considerable amount of renewable electricity, it yields almost zero percent of biochar that can be used as a soil amendment, and thus its contribution to agricultural sector is trivial.