Techno-Economic Modeling of Advanced Water Electrolysis Concepts

Carbon Recycling International (CRI) develops, markets, and produces renewable methanol from industrial CO2 emissions. The company markets and distributes renewable methanol (RM, Vulcanol) in EU and Iceland. Vulcanol can be blended with gasoline in low level blends suitable for all gasoline powered cars. CRI is planning larger production at other sites in Iceland.

JOB SUMMARY: The assignment is to develop techno-economic models of state-of-the art, efficient large scale water electrolysis systems for Power to Fuel applications. The project will involve configuring flow sheets, building a simulation model and optimize heat integration of the electrolysis system with CRI’s ETL technology. Of particular interest is the improved efficiency from geothermal and other sources of renewable or waste heat. The output of the work is intended to support the development of future production plants with higher energy efficiency and lower cost.

QUALIFICATIONS: Chemical engineering graduate student

SKILLS: Ability to do independent fact finding and analysis

Excellent English writing skills

Good analytical skills

Excellent Excel and PowerPoint skills

Proven experience in financial modeling and writing reports.

TASKS: Research & data collection

Data analysis and modeling

Technical Write up

Collaboration with CRI staff and other interns at the division

Progress reporting through bi -weekly presentations

Clear definition of project timeline, scope and deliverables

DELIVERABLES: An integrated mass-energy balance model

Detailed report on the techno-economic modelling electrolysis

Analysis of potential efficiency improvements with recommended approach for integration with CRI’s ETL technology and renewable energy sources