Abstract

The present work elaborates on the simulation and techno-economic analysis of a proposed MW-scale hybrid scheme that enables the production of different marketable products (i.e., electric energy and bio-oil) from the thermochemical exploitation of olive kernel residual biomass. In this regard, detailed calculations for mass and energy balances, process simulation in Aspen Plus and economic analysis with complementary sensitivity scenarios were conducted, with the aim to model and assses the feasibility of an integrated process for electricity and crude bio-oil co-generation via subsequent stages of biomass pyrolysis, bio-char gasification, syngas-fed SOFC and steam turbine. Notably, it was demonstrated that the provision of 20 tn/day of raw olive kernel resulted in a net electricity generation of 1685 kWel as well as production of 3.4 tn/day of bio-oil, without the need for external heating. Equally importantly, the overall electric efficiency and the combined bio-oil/power co-generation efficiency of the integrated process were equal to 46.8% and 77.0%, respectively, being amongst the highest values reported in relevant works. Moreover, economic analysis revealed that syngas clean-up and SOFC units account for 75% of the total fixed capital investment as well as for 62% of the annual operation costs. Nonetheless, increased unit cost is largely counterbalanced by the fact that electricity generation accounts for ∼85% of total profits. Also, it was found that the proposed venture is not profitable considering current market values for electricity and bio-oil. However, sensitivity analysis revealed that a main equipment cost reduction of 70% is a prerequisite for the break-even electricity price to attain the current market values. Moreover, profitability can be marginally improved further by accounting for a state subsidization of more than half of the initial investment and by the increase of the crude bio-oil price at 700 €/tn.

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