Affiliation:
1. University of Twente , Drienerlolaan 5 , 7522 NB Enschede , The Netherlands
2. Department of Industrial and Information Engineering and Economics , University of L’Aquila , L’Aquila , Italy
Abstract
Abstract
In this study, the carbon capture, utilization, and sequestration (CCUS) supply chain network with real geographic locations of sources and sinks, and different CO2-based products for Germany is proposed here for the first time, because not yet investigated in the literature. The CCUS network is a large-scale comprehensive model which is used to meet the mandated target of CO2 emission reduction at different levels with a maximum profit. The novel CCUS infrastructure includes various stationary sources, capture processes, transportation modes, and sequestration and utilization sites. The results suggest that it is possible to reduce current CO2 emissions by 40–80% in Germany with the total annual costs ranging from 519.34 to 1372.03 billion euro while generating 681.55 to 1880.98 billion euro of revenue annually as a result of producing CO2-based chemical products including methanol, dimethyl ether, formic acid, acetic acid, urea, and polypropylene carbonate. Overall, the optimal CCUS systems achieve economic profits of 999.62–1568.17 euro per ton of CO2 captured and utilized. The CCUS model may be critical in aiding decision-makers to ascertain investment strategies for designing CCUS infrastructures.
Subject
General Physics and Astronomy,General Materials Science,General Chemistry
Cited by
3 articles.
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