Simulation and Economic Analysis of Helium Extraction Process from Natural Gas

Abstract

The investment estimation of the helium extraction project from natural gas is a crucial step in economically obtaining helium from both domestic and international projects. This article employs Aspen HYSYS to simulate the process and estimate the investment levels of Linde and Exxon Mobil integrated helium extraction processes. We investigate the influence of feed composition and processing capacity on investment costs and product returns. The results indicate that higher helium content of feed correlates with increased equipment investment costs and total capital cost (CAPEX), and that the Linde integrated process is significantly more sensitive to changes in helium content of feed than the Exxon Mobil integrated process. As the helium content of feed rises, the product returns of the two processes are evidently improved, leading to reduced investment payback periods. Both techniques exhibit favorable payback periods when the feed helium content exceeds 0.5 vol%. Nevertheless, elevated nitrogen content in the feed notably escalates the equipment investment costs and total capital costs. Furthermore, an increase in the processing capacity of feed gas leads to a nonlinear increase in total capital costs and annual operating costs. However, the cost per unit of helium extraction diminishes with increasing capacity. In general, the Linde integrated process requires higher separation energy consumption in comparison with the Exxon Mobil integrated process at similar processing capacities. Moreover, the sensitivity analysis shows that helium breakeven price is strongly affected by the price of both LNG and feed gas.