Techno-economic assessment of a floating photovoltaic power plant assisted methanol production by hydrogenation of CO2 captured from Zawiya oil refinery

Abstract

This study aims a techno-economic analysis of a plant that produces methanol by hydrogenating carbon dioxide in the waste gas from an oil refinery using the electricity from floating photovoltaic power plant. First, carbon dioxide in the flue gas is captured in the carbon capture plant (CCP), and the hydrogen obtained from the seawater in the hydrogen plant (HP) with the help of photovoltaic energy is combined in the methanol plant (MPP) to produce methanol fuel. Using the Engineering Equation Solver (EES), a calculation was made of the amount of energy required and the number of solar panels or wind turbines that would be required to meet this demand, and then the environmental impact of the methanol plant was investigated. The Libyan Az-Zawiya oil refinery was considered for the case study due to its high solar potential, proximity to the sea and energy security. Systems' processes for CO2 emissions, heat integration, energy efficiency, and thermo-economic performance were all taken into consideration. Renewable energy, synthetic fuel, and the methanol plant showed efficiencies of 0.21%, 0.5872%, and 0.1626%, respectively, and at the optimum density of the electrolyzer, 2.2 kA/m2, the efficiency of the electrolyzer was 0.782%. According to this study, all output parameters increase with the increase in the flue gas in the process, showing that flue gas is the most important input parameter affecting the outputs. The total cost of the plant for 30 years of operation was found to be $11.350 billion, with a production capacity of over 43.360 million tons of methanol, which equates to $412.9 per ton and $0.4129 per kg. Environmentally, the rate of captured emissions was about 4890 tons per day, and the mitigation rate was approximately 4513 tons per day. According to the results, the current plant is competitive with other clean synthetic fuel production plants.