Abstract
In this study, techno-economic comparison of three different biodiesel production scenarios integrated with glycerol supercritical water reforming (SCWR) process to produce electricity is conducted. In the first scenario, biodiesel is synthesized from acid-pretreated waste cooking oil (WCO) in the presence of alkali catalyst. In the second scenario, biodiesel is obtained from WCO by acid catalyst. In the third scenario, biodiesel is derived from WCO using acid catalyst, followed by hexane extraction of the produced methyl esters. The glycerol evolved from all the above-mentioned pathways is then subjected to the SCWR process in order to produce hydrogen. The produced hydrogen is then combusted to provide thermal energy required by biodiesel production and purification processes as well as to generate electricity. All the developed scenarios are modeled and simulated in Aspen HYSYS software environment. In order to simplify the simulation process, canola-based WCO is considered as triolein with 6 wt% oleic acid (free fatty acid) and, accordingly, the prepared biodiesel is taken into account as methyl oleate. In order to compare the economic profitability of the developed approaches, several economic indicators including net present value (NPV), internal rate of return (IRR), payback period (PBP), discounted payback period (DPBP), and return on investment (ROI) are used. A sensitivity analysis is also carried out to show how variations in feedstock, biodiesel, and electricity prices can affect the NPV of the developed scenarios. According to the results obtained, the highest IRR and ROI values as decision-making parameters are obtained for the first scenario, manifesting its suitability from the techno-economic viewpoint. The economic indicators of the second scenario are also acceptable and very close to the first approach. Overall, upgrading glycerol into hydrogen using SCWR process appears to be an attractive strategy for enhancing the economic viability of biodiesel production plants. (C) 2019 Hydrogen Energy Publications LLC. Published by Elsevier Ltd. All rights reserved.