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

Anastasia Zabaniotou () and Ioannis Vaskalis
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Anastasia Zabaniotou: Bioenergy, Circular Economy and Sustainability Group, Department of Chemical Engineering, Engineering School, Aristotle University of Thessaloniki, Un. Box 455, University Campus GR, 54124 Thessaloniki, Greece
Ioannis Vaskalis: Bioenergy, Circular Economy and Sustainability Group, Department of Chemical Engineering, Engineering School, Aristotle University of Thessaloniki, Un. Box 455, University Campus GR, 54124 Thessaloniki, Greece

Energies, 2023, vol. 16, issue 2, 1-26

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.

Keywords: pyrolysis; plastic waste; polypropylene; feasibility assessment; circular economy; industrial symbiosis (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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