Techno-economic analysis for the integration of a power to fuel system with a CCS coal power plant

Abstract

In this paper, an analysis of the integration of a carbon capture unit and a power to fuel system for methanol synthesis with a coal power plant is presented from the energetic, environmental and economic standpoints. The study is carried out in three different sections. In the first part, the impact of the integration of a carbon capture system (CCS) and of a power to fuel plant (PtF) for methanol production is investigated in terms of plant average efficiency, fuel consumption, CO2 emissions. In the second part, the annual fixed and variable costs of the power plant, and the annual cost of electricity (COE) are assessed for different plant configurations. Additionally, future scenarios are analyzed considering the impact of European policies on the CO2 emission’s cost, defined by the European Emission Trading System (ETS). Finally, an economic feasibility analysis of the power to fuel plant is performed and the methanol production is evaluated. Moreover, a sensitivity analysis is carried out to evaluate the impact of the most affecting parameters (electrical energy cost, the methanol selling price and the capital cost of the electrolyzer) in terms of Internal Rate of Return (IRR).