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  • Synthesis of Acetic Acid Via CO2-CH4 Reformation and Carbonylation of Methanol

    Image thumbnail: Synthesis of Acetic Acid Via CO2-CH4 Reformation and Carbonylation of Methanol
    Type:
    Image
    Description/Abstract:
    The purpose of this project is to consider and evaluate the economic attractiveness of a process producing 250,000 lb/h of acetic acid by the selective carbonylation of methanol via carbon monoxide with the use of an iridium tri-iodide catalyst. Initial cost estimates of this process will be completed prior to the completed rigorous design to ensure the process is economically viable and meets product specifications. A full cost analysis will then be made on the initial design to further verify the process will meet product specifications and is economically attractive to the business. A recommendation to continue investigating will be made based on the analysis of the investment cost and annual operating costs of this reaction/separation system. An economic analysis was performed on the selected design. The total capital cost for this project is $145 million, with a yearly utility and incremental cost of $62 million and $90 million, respectively. The required ten-year return on investment was found to be 15%, when the Acetic Acid is sold at a price of $437 /ton. When the Acetic Acid is sold at $745/ton (achieves 15% 1-year ROI), an ROI of 547% is achieved for a 10-year period. In order to achieve a five-year ROI of 15%, the selling price of Acetic Acid is only increased to roughly $455/ton.
    Creator/Author:
    Kleiman, Christopher; Buchanan, Sean; Grunwald, Stephan, and Metzger, Devin
    Submitter:
    Stephen W. Thiel
    Date Uploaded:
    05/18/2015
    Date Modified:
    04/29/2016
    License:
    All rights reserved