Feasibility study of methanol production plant from hydrogen and captured carbon dioxide

This paper aims to present a feasibility study of the innovative plant for methanol synthesis from carbon dioxide-sequestered by fossil fuel power plant and hydrogen, which is produced by water electrolyzer employing the over-production on the electrical grid. The thermo-economic analysis is performed in the framework of the MefCO(2) H2020 EU project and it is referred to the German economic scenario, properly taking into account the real market costs and cost functions for different components of the plant. Three different plant capacities for methanol production (4000 10,000 and 50,000 ton/year) have been investigated, assuming an average cost for electrical energy to feed electrolysers and analyzing the influence of the most significant parameters (oxygen selling option, methanol selling price and electrolysers' capital cost) on the profitability of the plant. The analysis has been performed in W-ECoMP, software for the thermo-economic analysis and plant optimization developed by the University of Genoa.