Techno-economic modelling and cost functions of CO2 capture processes
Klemeš, J., Bulatov, I. and Cockerill, T. (2007) Techno-economic modelling and cost functions of CO2 capture processes. Computers & Chemical Engineering, 31 (5/6 (Speci). pp. 445-455. ISSN 0098-1354
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To link to this article DOI: 10.1016/j.compchemeng.2006.06.002
The paper presents the techno-economic modelling of CO2 capture process in coal-fired power plants. An overall model is being developed to compare carbon capture and sequestration options at locations within the UK, and for studies of the sensitivity of the cost of disposal to changes in the major parameters of the most promising solutions identified. Technological options of CO2 capture have been studied and cost estimation relationships (CERs) for the chosen options calculated. Created models are related to the capital, operation and maintenance cost. A total annualised cost of plant electricity output and amount of CO2 avoided have been developed. The influence of interest rates and plant life has been analysed as well. The CERs are included as an integral part of the overall model.