16th Chlorine Symposium

NaCl ODC Electrolysis Business Cases

15th – 17th June, 2016 Wolfgang Friedl
thyssenkrupp Uhde Chlorine Engineers GmbH
We have analyzed the profitability of the NaCl-ODC technology
relatively to the conventional technology…

Cap-Ex Op-Ex Comparison

 Initial investment due to  Operating cost

delta cost between the differences are based on Example
100%
technologies discounted cost streams 93%

 Relevant additional cost (NPV)

Opex
for NaCl ODC periphery  Maintenance cost are
considered considered at the time Capex
 Cost excluding when they are due
construction  Oxygen price relative to Rest of
Power price plant

Conven- ODC
tional

16th Chlorine Symposium – Dortmund, Germany- 15th – 17th June 2016

2 | 15 pm / 16 .June 2016 NaCl-ODC Business Cases Wolfgang Friedl
… by considering the Internal Rate of Return (IRR) after 8 years and
the Application of the following parameters

Parameter NaCl ODC Conventional NaCl

Power Consumption at Start-up (expected 1550 kWh/t NaOH 2020 kWh/t NaOH
at current density of 6kA/m² ) 1)

Current Density 6 kA/m² =

Lifetime of ODC (expected) 8 years n.a.
Recycling of Silver when Re-ODC-ing yes (approx. 80% of n.a.
the value)
Hydrogen Value To be depicted on next slide
Power Price To be depicted on next slide
Oxygen Price Linked to power price (EUR/100Nm³ O2 =
0.8* EUR/100kWh

1) valid for Generation 6

16th Chlorine Symposium – Dortmund, Germany- 15th – 17th June 2016

3 | 15 pm / 16 .June 2016 NaCl-ODC Business Cases Wolfgang Friedl
… to see, if the conventional plant is being feasible (IRR8y ≥ WACC),
ODC technology can do better depending on your business case!
Power Price
[EUR/MWh]
180

160
IRR8y ODC > IRR8y Conv.
140

120
DC
100

80
DC
60 IRR8y ODC < IRR8y Conv.
Hydrogen Value
40
[EUR/100Nm³]
0 1 2 3 4 5 6 7 8 9 10
16th Chlorine Symposium – Dortmund, Germany- 15th – 17th June 2016
4 | 15 pm / 16 .June 2016 NaCl-ODC Business Cases Wolfgang Friedl
 The Reduction of CO2-Emission and the Power Shortages are the
most important drivers for the NaCl-ODC technology.

50
[%] of deviation from considered return of invest

40
Hydrogen
30
20 37%
10
0
-10 17%
-20
Power + O2
-30
-40
-50

-20 -10 0 10 20
[%] of deviation from considered cost
16th Chlorine Symposium – Dortmund, Germany- 15th – 17th June 2016
5 | 15 pm / 16 .June 2016 NaCl-ODC Business Cases Wolfgang Friedl
Some more positive influences onto the economics of NaCl-ODC
technology
Capex Opex
 Partial Conversion / Partial Implementation of  Selling CO2 Emission
NaCl-ODC electrolyzers in case of partial usage Certificates, where
of Hydrogen applicable. 1)

 Enhanced financial models – Leasing of Silver

1) € 2/ t [NaOH] for Germany 2014

sources: European Energy Exchange

6,93 € /t[CO2],
German Ministry of Environment
569 g [CO2] /kWh

16th Chlorine Symposium – Dortmund, Germany- 15th – 17th June 2016

6 | 15 pm / 16 .June 2016 NaCl-ODC Business Cases Wolfgang Friedl
NaCl- ODC
It‘s worthwhile to think about it!