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Related Experiment Video

Updated: Jun 16, 2026

Fast Pyrolysis of Biomass Residues in a Twin-screw Mixing Reactor
07:30

Fast Pyrolysis of Biomass Residues in a Twin-screw Mixing Reactor

Published on: September 9, 2016

A Kinetic Model-Driven Techno-Economic Analysis of Plastic Pyrolysis: Linking Process Dynamics to Economic Viability.

Farhad Zaker Hosseiny1, Rui Shi1,2

  • 1Department of Chemical Engineering, Pennsylvania State University, University Park, Pennsylvania 16802, United States.

Industrial & Engineering Chemistry Research
|June 15, 2026
PubMed
Summary

This study models pyrolysis oil production, finding the minimum selling price (MSP) can be lower than crude oil. However, economic viability hinges on feedstock costs and policy support, with significant uncertainty in Monte Carlo simulations.

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Last Updated: Jun 16, 2026

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07:30

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Published on: September 9, 2016

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Ethylene Polymerizations Using Parallel Pressure Reactors and a Kinetic Analysis of Chain Transfer Polymerization
07:28

Ethylene Polymerizations Using Parallel Pressure Reactors and a Kinetic Analysis of Chain Transfer Polymerization

Published on: November 27, 2015

Area of Science:

  • Chemical Engineering
  • Energy Economics
  • Process Modeling

Background:

  • Pyrolysis offers a potential route for converting biomass into valuable products.
  • Techno-economic assessments are crucial for evaluating the commercial feasibility of new energy technologies.
  • Understanding pyrolysis product distribution and associated costs is vital for market competitiveness.

Purpose of the Study:

  • To predict pyrolysis product distribution using a kinetic model in Aspen Plus.
  • To conduct a techno-economic assessment of pyrolysis oil production across various capacities.
  • To determine the minimum selling price (MSP) and economic viability factors.

Main Methods:

  • Integration of a kinetic model into Aspen Plus for process simulation.
  • Techno-economic assessment including capital and operational costs.
  • Monte Carlo simulation and sensitivity analysis for economic uncertainty and key drivers.

Main Results:

  • Lowest MSP estimated at $420/ton under baseline capacity, significantly below crude oil prices.
  • Mean MSP estimated at $1137/ton via Monte Carlo simulation, highlighting economic uncertainties.
  • Economic viability is sensitive to feedstock price (break-even at $320/ton), capital investment, and transportation costs.
  • Economies of scale show diminishing returns beyond 90 kta capacity.

Conclusions:

  • Pyrolysis oil faces challenges competing with crude oil without policy incentives.
  • Feedstock price is a critical factor for economic feasibility.
  • Optimizing capacity and reducing storage time can impact costs but introduce risks.