Electrochemical conversion of carbon
dioxide (CO2) to
valuable products could provide a transformative pathway to produce
renewable fuels while adding value to the CO2 captured
at point sources. Here, we investigate the thermodynamic feasibility
and economic viability of the electrochemical CO2 reduction
reaction to various carbon-containing fuels. In particular, we explore
various pathways for conversion of CO2 to dimethyl ether
(DME), liquid propane gas, and renewable natural gas. We compare and
contrast the use of two different proton sources, including hydrogen
gas and water vapor at the anode, on the capital and operating costs
(OPEX) of electrochemical systems to produce DME. The results indicate
that the electrical costs are the most significant portion of OPEX,
demonstrating costs of 0.2–0.6 $/kWh per metric ton of DME.
DME production using carbon monoxide and formic acid as intermediates
proved to be the most cost-effective, demonstrating levelized costs
of energy of 0.28 $/kWh with over 0.15 $/kWh of cost recovery possible
through renewable hydrogen tax credits and oxygen and hydrogen gas
recovery.