New Business Opportunities Based on Biogenic Carbon Dioxide Utilisation

12 Pages Posted: 15 Apr 2019 Last revised: 27 Oct 2020

See all articles by Janne Kärki

Janne Kärki

VTT Technical Research Centre of Finland

Tomi Thomasson

VTT Technical Research Centre of Finland

Kristian Melin

VTT Technical Research Centre of Finland

Marjut Suomalainen

VTT Technical Research Centre of Finland

Heidi Saastamoinen

VTT Technical Research Centre of Finland

Markus Hurskainen

VTT Technical Research Centre of Finland

Sampo Mäkikouri

VTT Technical Research Centre of Finland

Abstract

Biogenic CO2 converted into hydrocarbons with renewable electricity can simultaneously provide raw materials and fuels, a positive climate impact and a healthy business. Integrated CO2 capture and utilisation (CCU) options benefit from a local CO2 source substantially reducing the CO2 transportation costs, energy integration and the possibility to utilise the produced fuels and chemicals on-site. The key objective of this paper is to find feasible utilisation pathways for biogenic CO2 in biomass driven industry sectors. The study includes techno-economic feasibility analyses of specific system operations from the viewpoint of operator or investor in different market scenarios. As the main results, operational costs and incomes as well as profitability indicators are presented for each CCU-pathway. The results from this work show that CO2-based fuels or chemicals are generally not yet competitive with traditional processes, but business cases may be identified via efficient process integration and taking advantage of the process flexibility possibility. The results are also much dependent on the chosen market parameters, especially on the assumed electricity market price.

Keywords: CCU, P2X, concept evaluation, biogenic, GHGT-14

Suggested Citation

Kärki, Janne and Thomasson, Tomi and Melin, Kristian and Suomalainen, Marjut and Saastamoinen, Heidi and Hurskainen, Markus and Mäkikouri, Sampo, New Business Opportunities Based on Biogenic Carbon Dioxide Utilisation. 14th Greenhouse Gas Control Technologies Conference Melbourne 21-26 October 2018 (GHGT-14) , Available at SSRN: https://ssrn.com/abstract=3366310 or http://dx.doi.org/10.2139/ssrn.3366310

Janne Kärki (Contact Author)

VTT Technical Research Centre of Finland ( email )

FIN-02044 VTT
Finland

Tomi Thomasson

VTT Technical Research Centre of Finland ( email )

FIN-02044 VTT
Finland

Kristian Melin

VTT Technical Research Centre of Finland

FIN-02044 VTT
Finland

Marjut Suomalainen

VTT Technical Research Centre of Finland

FIN-02044 VTT
Finland

Heidi Saastamoinen

VTT Technical Research Centre of Finland

FIN-02044 VTT
Finland

Markus Hurskainen

VTT Technical Research Centre of Finland

FIN-02044 VTT
Finland

Sampo Mäkikouri

VTT Technical Research Centre of Finland

FIN-02044 VTT
Finland

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