Techno-Economic Assessment of Power-to-Liquids (PtL) Fuels Production and Global Trading Based on Hybrid PV-Wind Power Plants

By M. Fasihi, D. Bogdanov, Christian Breyer. 2016

223 citations recorded by the source corpus.

This paper introduces a value chain design for transportation fuels and a respective business case taking into account hybrid PV-Wind power plants, electrolysis and hydrogen-to-liquids (H2tL) based on hourly resolved full load hours (FLh). The value chain is based on renewable electricity (RE) converted by power-to-liquids (PtL) facilities into synthetic fuels, mainly diesel. Results show that the proposed RE-diesel value chains are competitive for crude oil prices within a minimum price range of about 79 - 135 USD/barrel (0.44 – 0.75 €/l of diesel production cost), depending on the chosen specific value chain and assumptions for cost of capital, available oxygen sales and CO2 emission costs. A sensitivity analysis indicates that the RE-PtL value chain needs to be located at the best complementing solar and wind sites in the world combined with a de-risking strategy and a special focus on mid to long-term electrolyser and H2tL efficiency improvements. The substitution of fossil fuels by hybrid PV-Wind power plants could create a PV-wind market potential in the order of terawatts.

Subfields: Electrical and Electronic Engineering, Energy Engineering and Power Technology, Pollution

View Paper: https://www.semanticscholar.org/paper/3fbc94ccb3c488b88f878afdb744fb0fc81f6dcc

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Citations in the corpus

A cost optimal resolution for Sub-Saharan Africa powered by 100% renewables in 2030 (2018, background): “[33,32] conclude that renewable electricity based synthetic fuels are a real option for decarbonizing the energy system for the period of the year 2030 and beyond.”
Long-Term Hydrocarbon Trade Options for the Maghreb Region and Europe—Renewable Energy Based Synthetic Fuels for a Net Zero Emissions World (2017, background): “There are several technical options to produce hydrocarbon fuels based on hybrid PV–Wind power plants for the transport and mobility sector: mainly RE-power-to-gas (PtG) [8], liquefied natural gas (LNG) based on RE-PtG [9], and RE-power-to-liquids (PtL) [10].”
On the History and Future of 100% Renewable Energy Systems Research (2022, background): “be mainly provided by recovered waste heat of e-fuels and synthesis plants, such as from electrolyzers [37] and FischerTropsch plants [30].”
Response to ‘Burden of proof: A comprehensive review of the feasibility of 100% renewable-electricity systems’ (2017, background): “However, DAC may be promising for the production of synthetic fuels [28, 197, 198] and is attractive because of its locational flexibility and mini-”
Estimating long-term global supply costs for low-carbon hydrogen (2021, background): “43 lower power consumption (Fasihi et al., 2016).”
Negative emissions—Part 3: Innovation and upscaling (2018, background): “For example, a business case for power-to-liquid synfuels has been proposed that would make use of combined hybrid wind/PV, electrolysis, and hydrogen-to-liquid, involving also scrubbing CO2 from ambient air powered by excess heat from electrolysis (Fasihi et al 2016).”
Potential for hydrogen and Power-to-Liquid in a low-carbon EU energy system using cost optimization (2018, background): “additional cost for transport and decreased energy security, GDP (through investment) and job creation [151,197].”