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Economic Assessment of Polypropylene Waste (PP) Pyrolysis in Circular Economy and Industrial Symbiosis

Zabaniotou, Anastasia, Vaskalis, Ioannis·2023·Energies
DOI 10.3390/en16020593
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Abstract

Plastic waste has a high energy content and can be utilized as an energy source. This study aims to assess the economic feasibility of polypropylene plastic waste (PP) pyrolysis. A literature review was carried out to determine the optimal pyrolysis conditions for oil production. The preferred pyrolysis temperature ranges from 450 °C to 550 °C, where the oil yields vary from 82 wt.% to 92.3 wt.%. Two scenarios were studied. In the first scenario, pyrolysis gas is used for the pyrolysis heating needs, whereas in the second scenario, natural gas is used. An overview of the economic performance of a pyrolysis plant with a capacity of 200,000 t/year is presented. Based on the results, the plant is economically viable, as it presents high profits and a short payback time for both scenarios considered. Although the annual revenues are smaller in scenario 1, the significant reduction in operating costs makes this scenario preferable. The annual profits amount to 37.3 M€, while the return on investment is 81% and the payback time is 1.16 years. In scenario 2, although the plant is still feasible and shows high profitability, the annual profits are lower by about 1.5 M€, while the payback time is 1.2 years.

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Crossref · 10.3390/en16020593

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CC-BY · From the PDF
Figure 2 Annual contribution of the published articles of interest in the period 2012-2022. Figure 2. Annual contribution of the published articles of interest in the period 2012-2022.
Figure 2 Annual contribution of the published articles of interest in the period 2012-2022. Figure 2. Annual contribution of the published articles of interest in the period 2012-2022.CC-BY · From the PDF
Figure 3 Share of the articles used in the study per year of publication. Figure 3. Share of the articles used in the study per year of publication.
Figure 3 Share of the articles used in the study per year of publication. Figure 3. Share of the articles used in the study per year of publication.CC-BY · From the PDF
Figure 4 Generalized flowchart of the pyrolysis process [56-58]. Figure 4. Generalized flowchart of the pyrolysis process [56-58].
Figure 4 Generalized flowchart of the pyrolysis process [56-58]. Figure 4. Generalized flowchart of the pyrolysis process [56-58].CC-BY · From the PDF
Figure 5 CEPCI indicators for 1996-2020 [59]. Figure 5. CEPCI indicators for 1996-2020 [59].
Figure 5 CEPCI indicators for 1996-2020 [59]. Figure 5. CEPCI indicators for 1996-2020 [59].CC-BY · From the PDF
Figure 6 Relation of plant capacity and initial investment. Figure 6. Relation of plant capacity and initial investment.
Figure 6 Relation of plant capacity and initial investment. Figure 6. Relation of plant capacity and initial investment.CC-BY · From the PDF
Figure 7 Effect of PP pyrolysis plant capacity on the initial investment (scenario 1). Figure 7. Effect of PP pyrolysis plant capacity on the initial investment (scenario 1).
Figure 7 Effect of PP pyrolysis plant capacity on the initial investment (scenario 1). Figure 7. Effect of PP pyrolysis plant capacity on the initial investment (scenario 1).CC-BY · From the PDF
Figure 8 Effect of PP pyrolysis plant capacity on R.O.I and P.O.T (scenario 1). Figure 8. Effect of PP pyrolysis plant capacity on R.O.I and P.O.T (scenario 1).
Figure 8 Effect of PP pyrolysis plant capacity on R.O.I and P.O.T (scenario 1). Figure 8. Effect of PP pyrolysis plant capacity on R.O.I and P.O.T (scenario 1).CC-BY · From the PDF

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Metadata

Authors
Zabaniotou, A., & Vaskalis, I.
Venue
Energies
Publisher
MDPI AG
Published
2023-01-04
Volume
16
Issue
2
Pages
593
ISSN
1996-1073
DOI
10.3390/en16020593
Cited by
29
References
1
Language
en
Licence
creativecommons.org/licenses/by/4.0/ (vor)
Funders
Investment Plans for Innovation (KMP6-0283869)

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