Pioneering technology makes OPEC countries prime regions to produce synthetic fuels. This could be a key asset in phasing out fossil fuels after the Paris Agreement, while also keeping some of the existing oil industry value chain intact
The Organization of the Petroleum Exporting Countries (OPEC) holds its 172nd meeting in Vienna on Thursday, May 25th. OPEC’s current fossil business will become obsolete in upcoming decades, but oil and gas related products are still needed in a climate neutral world. The Paris Agreement requires a transition to a net zero emission world within a few decades. This means a full phase out of all fossil fuels. Yet, hydrocarbons are still necessary for sectors such as marine and aviation, as well as the chemical industry.
As OPEC countries face having to leave their oil and gas in the ground, in order to ensure their economic success in the future, OPEC needs to look for new ways of producing fuels. Investing in Power-to-Liquid technology could be the answer, say Christian Breyer, professor for solar economy at LUT and Pasi Vainikka, Principal Scientist from VTT.
Neo-Carbon Energy: Synthetic fuels from the air
The Neo-Carbon Energy research project and technology from the Lappeenranta University of Technology (LUT) and VTT Technical Research Centre of Finland Ltd enable the production of synthetic fuels straight from the air.
The solution is built on carbon dioxide capture, water electrolysis and subsequent synthesis units such as methanation for methane and Fischer-Tropsch for liquid fuels. It depends on very low cost renewable electricity based on wind and solar, and produces synthetic fuels in a carbon neutral way. This could lead to a whole new circular carbon economy.
The cost estimates for producing liquid fuels with the solution are around $140/bbl (0.80 €/l) between 2030 and 2040, if produced in the Maghreb region. Such prices were reached for crude oil in 2008. The cost could be even less in the future, due to declining solar PV and battery costs. The potential production volumes are practically unlimited, since the Earth receives more than 1000 times more energy from the sun than it is used globally for all energy needs today. It is likely that Power-to-Fuels and Chemicals technology will gain increasing importance between 2030 to 2040.
A net zero emission economy without this technology is practically impossible
“A net zero emission economy without this technology is practically impossible,” emphasizes Breyer, professor for solar economy at LUT.
The raw materials needed in the process are carbon dioxide and water, with CO2 separated from the air. Hydrogen is generated from water by means of electrolysis. Electricity consumed in the electrolysis is supplied from renewables. Finally, CO2 and hydrogen are combined to form hydrocarbons in a synthesis reactor operated at high pressure and temperature. A future improvement might be to also use water from air, which is a byproduct of the CO2 separation from air.
“All technologies are known, most of them for decades”, says VTT’s Vainikka.
OPEC regions excellent for production
Neo-Carbon Energy is feasible in areas where renewable electricity is available at a low cost. Research shows that the most cost-efficient sites for producing hydrocarbons from the air are regions with abundant solar and wind resources, such as Patagonia, the Maghreb, the Horn of Africa or Western Australia. The Middle East region is also well suited for production. The products are globally tradable as of today. Additionally, the liquids and chemicals need refining, which indicates parts of the existing global fossil oil value chain could remain after some restructuring. A new pilot plant will be opened in Finland in June.
[osd_subscribe categories=’synthetic-fuel’ placeholder=’Email Address’ button_text=’Subscribe Now for any new posts on the topic “SYNTHETIC FUELS’]
The Latest on: Synthetic fuels from the air
- Long Haul Flights Could Be Powered By Fuel Made From Thin Air
While they will require an enormous amount of green hydrogen and renewable energy, Australian flag carrier Qantas believes they could power its long-haul flights (such as the recently reaffirmed ...
- Automotive Filters Market to Surpass US$ 26.08 Bn by 2031; Finds TMR Study
is invigorating installation of advanced cabin air filters for reducing concentrations. OEMs are jostling to adopt high-performance synthetic materials for promoting the fuel efficiency of cars.
- Qantas says synthetic fuel could power long flights by mid-2030s
We’ll send you a myFT Daily Digest email rounding up the latest Qantas Airways Ltd news every morning. Synthetic fuel could start replacing traditional petroleum and plant-based biofuels by as early ...
- Nitrogen Fertilizer: Solving This Environmental And Humanitarian Crisis
Farmers are the key to making this historical shift, but we need to "have their back" and manage through this together.
- 'The only net zero carbon option': Back power-to-liquid fuel for aviation decarbonisation, ministers urged
noting the synthetic fuel produced with green hydrogen and carbon captured directly from the air is the "only net zero carbon" aviation fuel in development today. Blending fuels produced with ...
via Google News and Bing News