The primary objective of this study is to promote the adoption of solar power tower (SPT) technology in low to medium-temperature industrial process heat (IPH) applications and compare it with other heat generation alternatives. Through comprehensive techno-economic and environmental analyses, a proposed relocatable SPT-based IPH plant (PR-SPT-IPH), with a capacity of 1 MWth, is thoroughly evaluated against traditional concentrating solar-thermal power (CSP) technologies like parabolic trough collectors (PTC) and linear Fresnel reflectors (LFR), as well as natural gas (NG) and photovoltaic (PV)-based IPH systems. The techno-economic assessment of the PR-SPT-IPH is performed using an in-house developed MATLAB code, while the system advisor model (SAM) is used to simulate equivalent PTC-, LFR-, and PV-based IPH plants. The primary techno-economic assessment metric is the levelized cost of heat (LCOH), while the environmental analysis quantifies the avoided greenhouse gas (GHG) emissions and other pollutants resulting from NG combustion. The results show that the PR-SPT-IPH plant achieves the lowest LCOH of 2.42 cents/kWhth, generating annual thermal energy of 5.62 GWhth with a capacity factor of 48.27 %. With certain assumptions, this cost can be further reduced to 1.5 cents/kWhth, meeting the U.S. Department of Energy targets. The PR-SPT-IPH plant could annually avoid emitting 1112 kg of CO2, 54 kg of particulate matter, 1201.76 kg of NOx, and 5.08 kg of SO2. It could also save annual external costs between $43,100.28 and $153,194.67, while the annually saved fuel cost could reach $151,632. The study indicates that the PR-SPT-IPH plant surpasses PTC-, LFR-, NG-, and PV-based IPH plants both technically and financially. With reduced capital costs and appropriate incentives, the PR-SPT-IPH plant emerges as an economically and environmentally viable choice for low to medium-temperature IPH applications.