Utilizing carbon dioxide from refinery for methanol and electricity co-production: System design and economic assessment

¹ Research Institute of Safety & Environment Technology, China National Petroleum Corporation, Beijing 102206, China
² Daqing Oilfield water supply Company, Daqing 163000, China
³ Chinese Academy of Environmental Planning, Beijing 100012, China

^* Corresponding author: ma-qian@cnpc.com.cn

Abstract

Mitigating greenhouse gas (GHG) emissions to curb climate change has become a consensus among international community. Refining is one of the major industries with high energy consumption and high emissions, which is responsible for 4-10% of global carbon dioxide (CO₂) emissions and approximately 25% is generated by fluid catalytic cracking (FCC) units. The flue gas discharged from FCC units has a high CO₂ content, presenting potential for methanol and electricity co-production production when the methane in the dry gas is considered. To unlock this green chance for enterprises, we designed a methanol production system that uses the CO₂ recovered from the flue gas of fluid catalytic cracking (FCC) unit in a refinery and the CH4 separated from dry gas as feed stock (hydrogen to be added from an internal hydrogen production unit of the refinery). We analyzed economic feasibility of the process, the results show that the developed system is economically feasible for annual methanol yields of 1.0-2.5 Mt and the internal rate of return increases by 8.3%.