I’ll be presenting at the International Conference on Carbon Removal!
Pulp mills are large-scale bio-CO2 point sources, and carbon capture technology is available. However, the question of private economic profitability remains.
In our work, we analytically and numerically examine in an economic model the investment and production decisions of a forest company retrofitting bio-CO2 capture technology to an existing pulp mill.
We show analytically that investing in bio-CO2 capture tends to increase the demand for wood if the mill produces below its maximum capacity and to reduce the cascading use of side streams. The numerical analysis reveals that the minimum price for a captured, compressed, and liquefied ton of bio-CO2 that makes the investment profitable varies between 97 and 231 €/t depending on the investment cost, real interest rate, energy price, and capture technology.
Paper titled “Profitability of retrofitting a biogenic carbon capture technology in a pulp mill: An economic analysis” by Janne Jääskeläinen, Jenni Miettinen, Markku Ollikainen, Eemeli Hytönen, and Mirja MIkkilä is currently under peer review.
I’d be really interested to hear how others are approaching this ahead of the event.
#ICNCE26 #UPTAKEEUProject cdr carbondioxideremoval