International Journal of Engineering Continuity
Vol. 3 No. 2 (2024): ijec

Techno-Economic Analysis of Blue Methanol Production from Natural Gas with Carbon Capture in Indonesia

Samuel Pangeran Aletheia (Calvin Institute of Technology)
Meyland Meyland (Calvin Institute of Technology)

Article Info

Publish Date
24 Aug 2024

Abstract

Methanol market in Indonesia is projected to grow with Compound Annual Growth Rate of 3.2% by 2034. Utilizing natural gas as a feedstock and employing carbon capture and storage technology using activated metildietanolamin with piperazine (MDEA-PZ), the process is designed to produce methanol with a low carbon footprint. The process design and simulation were carried out using Aspen HYSYS, focusing on mass and energy balances across pre-treatment, syngas formation, methanol synthesis, purification and carbon capture stages. The pilot-scale plant with a capacity of 100,000 tons per year located in the Special Economic Zone (KEK) Arun, Aceh, demonstrating promising results with an Internal Rate of Return (IRR) of 11.73%, a Net Present Value (NPV) of USD 166.63 and levelized cost of methanol (LCOM) of 611.61 $/ton MeOH. Compared to other low emission chemical plant, this plant offers promising economic feasibility.

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Journal Info
International Journal of Engineering Continuity
Website

Abbrev

ijec

Publisher

Sultan Publisher

Subject

Civil Engineering, Building, Construction & Architecture Computer Science & IT Electrical & Electronics Engineering Engineering Materials Science & Nanotechnology Mechanical Engineering

Description

The International Journal of Engineering Continuity is peer-reviewed, open access, and published twice a year online with coverage covering engineering and technology. It aims to promote novelty and contribution followed by the theory and practice of technology and engineering. The expansion of ...