Economic and Environmental Analysis of Carbon Fibres from Bitumen
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2020-08
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Abstract
The best way to get the maximum value out of Alberta's bitumen is by converting the low-value feedstock into a high-value product. The Bitumen Beyond Combustion program of Alberta Innovates aims to explore this pathway for three products viz Asphalt, Vanadium and Carbon Fibres. Alberta is a major producer of bitumen which can be an inexpensive feedstock for carbon fibre production, which utilizes the carbon dioxide rather than releasing it in the atmosphere. A carbon fibre plant is proposed, that over 25 years, would produce 1.2 megatons of carbon fibres from bitumen and would release 34.9 megatons of carbon dioxide. These emissions are slightly higher than 34.6 megatons of carbon dioxide produced by the current method of production for the same amount of carbon fibres. This project would require an investment of $1.2 billion, the net present value of the plant incorporating this process would be $14.5 billion.
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Arya, T. A. (2020). Economic and Environmental Analysis of Carbon Fibres from Bitumen (Unpublished master's project). University of Calgary, Calgary, AB.