New business opportunities based on biogenic carbon dioxide utilization

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

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.
Original languageEnglish
Title of host publication14th International Conference on Greenhouse Gas Control Technologies, GHGT-14
Publication statusAccepted/In press - 2018
MoE publication typeNot Eligible
Event14th International Conference on Greenhouse Gas Control Technologies, GHGT-14 - Melbourne, Australia
Duration: 21 Oct 201825 Oct 2018
Conference number: 14

Conference

Conference14th International Conference on Greenhouse Gas Control Technologies, GHGT-14
Abbreviated titleGHGT-14
CountryAustralia
CityMelbourne
Period21/10/1825/10/18

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Carbon dioxide
Industry
Costs
Profitability
Raw materials
Biomass
Electricity
Hydrocarbons
Economics
Power markets

Cite this

@inproceedings{153aaac61d4a4739a3fc19624ac35e3a,
title = "New business opportunities based on biogenic carbon dioxide utilization",
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.",
author = "Janne K{\"a}rki and Tomi Thomasson and Kristian Melin and Marjut Suomalainen and Heidi Saastamoinen and Markus Hurskainen and Sampo M{\"a}kikouri",
year = "2018",
language = "English",
booktitle = "14th International Conference on Greenhouse Gas Control Technologies, GHGT-14",

}

Kärki, J, Thomasson, T, Melin, K, Suomalainen, M, Saastamoinen, H, Hurskainen, M & Mäkikouri, S 2018, New business opportunities based on biogenic carbon dioxide utilization. in 14th International Conference on Greenhouse Gas Control Technologies, GHGT-14. 14th International Conference on Greenhouse Gas Control Technologies, GHGT-14, Melbourne, Australia, 21/10/18.

New business opportunities based on biogenic carbon dioxide utilization. / Kärki, Janne; Thomasson, Tomi; Melin, Kristian; Suomalainen, Marjut; Saastamoinen, Heidi; Hurskainen, Markus; Mäkikouri, Sampo.

14th International Conference on Greenhouse Gas Control Technologies, GHGT-14. 2018.

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

TY - GEN

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AU - Kärki, Janne

AU - Thomasson, Tomi

AU - Melin, Kristian

AU - Suomalainen, Marjut

AU - Saastamoinen, Heidi

AU - Hurskainen, Markus

AU - Mäkikouri, Sampo

PY - 2018

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AB - 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.

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