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All Journal CHEMTAG Journal of Chemical Engineering International Journal of Engineering Continuity
Meyland, Meyland
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Chemical Engineering, Chemistry & Bioengineering Civil Engineering, Building, Construction & Architecture Computer Science & IT Electrical & Electronics Engineering Engineering Materials Science & Nanotechnology Mechanical Engineering

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Journal : International Journal of Engineering Continuity

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Techno-Economic Analysis of Blue Methanol Production from Natural Gas with Carbon Capture in Indonesia Aletheia, Samuel Pangeran; Meyland, Meyland
International Journal of Engineering Continuity Vol. 3 No. 2 (2024): ijec
Publisher : Sultan Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58291/ijec.v3i2.288

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.
Co-Authors Aletheia, Samuel Pangeran Kurniawan, Yosia Gabriel Michelle, Michelle Tanuwidjaja, Kornelius Sophiano