- Version
- Download 5
- File Size 188.86 KB
- File Count 1
- Create Date May 19, 2022
- Last Updated May 19, 2022
D5.1 Market Analysis Report - Executive Summary
Deliverable 5.1 (relevant to task 5.5) is the market analysis report for SunCOChem technology, written by Avantium. Deliverable 5.1 is the preamble to deliverable 5.5 (Cost Analysis and Economic Impact Assessment). The goal of deliverable 5.1 is to shape the context for deliverable 5.5 and identify the aspects to be considered. Based on the context described in this deliverable, and with the input from other WP 5 tasks (e.g. Social Impact Assessment, Environmental Impact Assessment and REACH studies) a thorough market analysis can be performed. In this document we reflect on the following aspects of the SunCOChem technology:
• Introduction to the SunCOChem technology and technology elements
• Competitive technologies and competitive position
• Ecological and ethical implications of SunCOChem technology
• Barriers for exploitation
In this document, the SunCOChem technology is defined as the integration of the following processes:
• CO2 capture,
• Photocatalytic syngas production from CO2 and water,
• Hydroformylation
The process integration in the SunCOChem technology provides benefits, such as the reduced energy demand for CO2 capture and conversion by integrating the two processes. Photo-Electrocatalysis (PEC) is compared with photovoltaics with electrolysis (PV+electrolysis). PEC can result in reduced land area demand by direct light-driven processes. Considering the large volumes of chemicals produced by hydroformylation, we conclude that the SunCOChem technology clearly has potential transferability to other compounds than those produced in SunCOChem. A clear competitive disadvantage of SunCOChem is the low maturity of the individual components compared to competitive technologies. This lower maturity is a clear barrier for exploitation, We highlight some crucial technical improvements to be made.