Document Type

Article

Publication Version

Accepted Manuscript

Publication Date

1-2012

Journal or Book Title

Biofuels, Bioproducts and Biorefining

Volume

6

Issue

1

First Page

73

Last Page

87

DOI

10.1002/bbb.344

Abstract

We evaluate the economic feasibility of a fast pyrolysis facility producing biobased commodity chemicals based on various manifestations of Integrated Catalytic Processing (ICP). Five scenarios are analyzed: fluid catalytic cracking (FCC) of whole pyrolysis oil (WPO); one-stage hydrotreating and FCC of WPO; FCC of the aqueous phase of pyrolysis oil (APPO); one-stage hydrotreating and FCC of the APPO; and two-stage hydrotreating followed by FCC of the APPO.

We calculate the internal rate of return (IRR) for each scenario as functions of the costs of feedstock, hydrogen, and catalyst, and projected revenues for the facility. The assumed feedstock cost is $83/MT for mixed wood. The assumed hydrogen cost is $3/kg. Catalyst costs are based on December 2010 prices and projected revenues are based on August 2010 petrochemical prices.

The analysis indicates that a facility employing FCC of WPO or APPO without hydrotreating is unable to generate a positive IRR. Employment of two-stage hydrotreating significantly increases the facility IRR, although IRRs in excess of 10% are only attained when higher pyrolysis oil yields (70 wt%) are assumed.

Comments

This is the peer reviewed version of the following article: Biofuels, Bioproducts and Biorefining 6 (2012): 73, doi: 10.1002/bbb.344, which has been published in final form at http://dx.doi.org/10.1002/bbb.344. This article may be used for non-commercial purposed in accordance with Wiley Terms and Conditions for self-archiving.

Copyright Owner

Society of Chemical Industry and John Wiley & Sons, Ltd

Language

en

File Format

application/pdf

Published Version

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