Techno-economic evaluation and sensitivity analysis of a conceptual design for supercritical water gasification of soybean straw to produce hydrogen

Abstract

This paper proposes a conceptual design for the catalytic supercritical water gasification of soybean straw. The design consists of four process units for pretreatment, gasification, separation, purification and combustion. The economic feasibility of hydrogen production was evaluated based on a comprehensive cash flow analysis. The economic analysis suggested a minimum selling price of U.S. $1.94/kg for hydrogen. The cost of hydrogen produced is relatively lower compared to that of other biomass conversion processes. Besides, the net rate of return (NRR) estimated was 37.1%. A positive NRR value indicates that the project is profitable from an economic perspective. Sensitivity analysis indicates that the minimum selling price of hydrogen is affected by the feedstock price, utility cost, tax rate and labor cost. Moreover, feedstock price and labor cost show the greatest effect. Other factors such as land cost, working capital and utility cost showed the least effect on the minimum selling price.