Technical and economical evaluation of carbon dioxide capture and conversion to methanol process

Abstract

Phenomenon of global warming, which is indicated by increasing of earth’s surface temperature, is caused by high level of greenhouse gases level in the atmosphere. Carbon dioxide, which increases year by year because of high demand of energy, gives the largest contribution in greenhouse gases. One of the most applied solution to mitigate carbon dioxide level is post-combustion carbon capture technology. Although the technology can absorb up to 90% of carbon dioxide produced, some worries occur that captured carbon dioxide that is stored underground will be released over time. Utilizing captured carbon dioxide could be a promising solution. Captured carbon dioxide can be converted into more valuable material, such as methanol. This research will evaluate the conversion process of captured carbon dioxide to methanol, technically and economically. From the research, it is found that technically methanol can be made from captured carbon dioxide. Product gives 25.6905 kg/s flow with 99.69% purity of methanol. Economical evaluation of the whole conversion process shows that the process is economically feasible. The capture and conversion process needs $176,101,157.69 per year for total annual cost and can be overcome by revenue gained from methanol product sales.