Techno-economic feasibility and comparison of coal water slurry concentration on a coal to methanol plant with consideration of carbon capture and storage

ABSTRACT

In this study, the effect of slurry concentration and carbon dioxide capture and storage (CCS) equipment on the techno-economic feasibility of a coal-to-methanol (CTM) process with coal water slurry (CWS) gasification are investigated, while the effective means to improve the economic benefit of methanol factory are proposed. The sensitive factors including production scale, coal price, and carbon tax are investigated, especially the CWS concentration is compared at 63% and 68% scenarios. A CTM plant with 180 × 10⁴ t/a production scale shows that the saving cost could reach 29.20 × 10⁶ US$ and the CO₂ emission could be reduced by 0.65 × 10⁶ t/a every year as the CWS concentration increases. The investment in CCS equipment would increase the production cost (PC) per methanol raising by 7–8%, while the CCS introduction would effectively alleviate the PC increment caused by the carbon tax. Note that as the carbon tax exceeded 9.42 US$/t, the benefit for CCS on the reduction of PC would be more significant. The outcomes of this study have suggested that increasing the CWS concentration is an effective method to reduce the PC and improve the economic benefit. The CCS technology could effectively reduce CO₂ emissions and mitigate the raising of PC caused by carbon tax. The findings have manifested a well feasibility for environment benefit improvement by solid content increasing and CCS introduction in response to energy and environmental challenges for the cleaner production and sustainable development.

KEYWORDS:

• Carbon capture and storage
• techno-economic feasibility
• coal to methanol
• coal water slurry gasification
• methanol

Acknowledgements

This work was supported by Research Projects of Department of Education of Guangdong Province (No. 2023KQNCX222). The authors gratefully thank financial support from the Key R&D Program of Shandong Province, China (2022SFGC0304), and the science and technology plan project of Guizhou Province, China (2023190001).

Disclosure statement

There are no known competing financial interests or personal relationships that could influence the publishing of this manuscript.

CRediT authorship contribution statement

Shunxuan Hu: Conceptualization, Investigation, Methodology, Validation, Writing-original draft; Yumeng Chen: Investigation, Data curation, Funding acquisition, Writing-review & editing.

Additional information

Funding

The work was supported by the Youth innovation project of Guangdong Provincial Education Department [2023KQNCX222].

Notes on contributors

Shunxuan Hu

Shunxuan Hu, Doctor, is currently an research associate professor at the Southern University of Science and Technology. His research areas are efficient use of carbon-containing resources.

Yumeng Chen

Yumeng Chen, Doctor, is currently an laboratory technician at the Shenzhen Polytechnic University. Her research interests are in interfacial colloid chemistry and multiphase flows.