Abstract
The present study comparatively investigates the potential of waste plastic utilization as a feedstock for the production of liquid fuels to satisfy the rising liquid fuel demands of the transportation industry while simultaneously resolving the global plastic waste pollution challenge. For the first time, therefore, conceptual models simulating the production of transportation fuels of ethanol and gasoline from waste plastics via the technologies of thermo-syngas fermentation and hydrothermal liquefaction were assessed using classic technoeconomic assessment methods. The conceptual models were developed based on existing experimental data as obtained from the literature and simulated using ASPEN Plus as the preferred process simulation tool. This study demonstrated the technical viability of both conversion pathways with the hydrothermal liquefaction (HTL) of waste plastics for gasoline production shown to constitute a more economically preferable pathway. This was because the HTL of waste plastics presented a higher internal rate of return (IRR) value and a lower unit processing cost of 51.3% and USD 0.38 per kg compared to the thermo-syngas fermentation pathway that presented an IRR value and a unit processing cost value of 22.2% and USD 0.42 per kg, respectively. Payback periods of 5 years and 2 years were also determined as vital to recoup initial capital invested in the thermo-syngas fermentation project and the HTL project, respectively. Therefore, this study provides a basis for further work regarding waste plastic management strategies while offering a useful guide for policy makers in determining the most cost-effective way to utilize waste plastic and thus promote favorable environmental outcomes.
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14 articles.
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