(71c) Design and Techno-Economic Analysis for the Lignin Oil Production Process from Lignocellulosic Biomass
AIChE Spring Meeting and Global Congress on Process Safety
Tuesday, April 12, 2022 - 8:30am to 9:00am
However, to commercialize such technology, a process must be developed economimically. This study will develop the plant-scale lignin oil production process, find the best design plan, and analyze the economic performance: (i) A series of lab experiments will test the thermodynamic behavior of lignin oil. (ii) Based on the properties, several plant-scale process designs will be developed, and the process feasibility will be examined with rigorous mass and energy balance in Aspen Plus. (iii) Preliminary economic analyses will be performed for each process design in order to find the best option. (iv) A techno-economic model with discounted cash flow rate of return (DCFROR) calculations is developed for the best design; sensitives to the economic performance will also be discussed.
This work will provide valuable information for the future commercialization study on this technology.
Reference: 1.Lan, K., Xu, Y., Kim, H., Ham, C., Kelley, S.S. and Park, S., 2021. Techno-economic analysis of producing xylo-oligosaccharides and cellulose microfibers from lignocellulosic biomass. Bioresource Technology, 340, p.125726.