Techno-economic impacts of using alternative carbon-based feedstocks for the production of methanol

Abstract

Different alternative carbon sources like CO₂, biomass and plastic waste, can be used to replace fossil carbon as feedstock in the production of methanol. Based on current literature, the plastic-based methanol route is the most competitive one among the three based on price indicator, but there is still a lack of comprehensive understanding of the techno-economic differences between alternative feedstock technologies. In this study, three technologies from each alternative feedstock were assessed to evaluate the techno-economic trade-offs between them. The research shows that even though currently the plastic-based route is comparatively cost competitive with the conventional route of producing methanol, the CO₂-based methanol route can also be competitive with green hydrogen prices in the range of 1400-1100 EUR/t. While the biomass-based route showed superior energy performance compared to the other two.