2018 AIChE Annual Meeting
(271c) A Feasibility Study on Biofuel Production Using Anaerobic Digestion and Thermochemical Catalysis
Authors
A detailed process modeling of the process was carried out using Aspen Plus process design software package. Data for the process was based on literature on AD combined with laboratory results on the biogas to liquid conversion process. The composition of the final liquid hydrocarbon from the Aspen Plus model has been compared to the composition of commercial diesel fuel, and results have shown good agreement. As a result, the most current commercial diesel prices were used to evaluate the potential revenue from selling the product in the open market.
The total capital investment to construct the plant with a capacity of handling 100,000 ton per year of wet biomass is $11.8 million with a potential of producing 3 million gallons of diesel. The base case feedstock is corn stover. The annual operating cost to run the plant is estimated to be $8.05 million. An annual revenue from selling the diesel product is estimated to be $10.8 million taking into account a green energy incentive of $1.00/gallon of diesel sold. The net present worth at the end of the plant life is $7.26 million with a discounted cash flow of return of 27.1% (if $3/gallon incentive is provided the process would have NPW of $28 million, DCFROR of 54.5%, and discounted payback period of 1.5 years). The breakeven cost of diesel is determined to be $2.96/gallon assuming no tipping fees are charged for handling the waste.
Sensitivity analyses results concluded that the profitability of the process is most sensitive to variation in diesel selling price. Based on these results, it can be concluded that the process is profitable only if incentives are provided for renewable fuels due to the current low prices of fossil fuels.