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Techno-economic assessment of CO2 capture integrated coal-fired power plant with energetic analysis

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  • Yun, Seokwon
  • Lee, Sunghoon
  • Jang, Mun-Gi
  • Kim, Jin-Kuk

Abstract

A systematic evaluation of the economics incurred by the introduction of absorption and membrane capture technologies to a power plant is presented in this work. Cost diagrams were constructed to estimate the cost of electricity, CO2 capture, and avoidance cost of CO2 capture-integrated power plant, based on the key performance indicator of the capture technology, which allows fair and objective techno-economic comparison of different capture technologies. This schematic correlation of capture cost can be very useful for the assessment of technologies with low technology readiness level, because all the technical details to quantify the performance of capture systems are not readily available in the early stage of technology development. In addition, a detailed breakdown of key costing elements between the power plant and the capture plant are presented, which helps users to not only understand the technical advances or drawbacks of capture technologies considered, but also to gain conceptual insights for the direction of research and development. These graphical correlations of techno-economics of capture processes were validated with a wide range of assessment results, and extremely good agreement was observed in the range of −0.4% to −1.2% for the error.

Suggested Citation

  • Yun, Seokwon & Lee, Sunghoon & Jang, Mun-Gi & Kim, Jin-Kuk, 2021. "Techno-economic assessment of CO2 capture integrated coal-fired power plant with energetic analysis," Energy, Elsevier, vol. 236(C).
    • Handle: RePEc:eee:energy:v:236:y:2021:i:c:s0360544221017412
    DOI: 10.1016/j.energy.2021.121493
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    References listed on IDEAS

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    1. Diego, Maria Elena & Bellas, Jean-Michel & Pourkashanian, Mohamed, 2018. "Techno-economic analysis of a hybrid CO2 capture system for natural gas combined cycles with selective exhaust gas recirculation," Applied Energy, Elsevier, vol. 215(C), pages 778-791.
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    3. Yun, Seokwon & Oh, Se-Young & Kim, Jin-Kuk, 2020. "Techno-economic assessment of absorption-based CO2 capture process based on novel solvent for coal-fired power plant," Applied Energy, Elsevier, vol. 268(C).
    4. Li, Kangkang & Leigh, Wardhaugh & Feron, Paul & Yu, Hai & Tade, Moses, 2016. "Systematic study of aqueous monoethanolamine (MEA)-based CO2 capture process: Techno-economic assessment of the MEA process and its improvements," Applied Energy, Elsevier, vol. 165(C), pages 648-659.
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    6. Oh, Se-Young & Yun, Seokwon & Kim, Jin-Kuk, 2018. "Process integration and design for maximizing energy efficiency of a coal-fired power plant integrated with amine-based CO2 capture process," Applied Energy, Elsevier, vol. 216(C), pages 311-322.
    7. Zhao, Bin & Liu, Fangzheng & Cui, Zheng & Liu, Changjun & Yue, Hairong & Tang, Siyang & Liu, Yingying & Lu, Houfang & Liang, Bin, 2017. "Enhancing the energetic efficiency of MDEA/PZ-based CO2 capture technology for a 650MW power plant: Process improvement," Applied Energy, Elsevier, vol. 185(P1), pages 362-375.
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    Cited by:

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    2. Veljanovski, N. & ÄŒepin, M., 2024. "Event tree-based risk and financial assessment for power plants," Reliability Engineering and System Safety, Elsevier, vol. 247(C).
    3. Chen, Yuyang & Yang, Shiliang & Hu, Jianhang & Wang, Hua, 2023. "Investigation of the oxy-fuel combustion process in the full-loop circulating fluidized bed," Energy, Elsevier, vol. 283(C).

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