n the quest for sustainable and clean energy solutions, a groundbreaking study delves into the economic viability of biochar-based slurry fuel (CS) derived from rice straw, produced at scales of 10 and 40 tonnes per hour. Amidst the shifting geopolitical landscape, the urgency for alternative fuel sources has led to increased interest in biomassBiomass is a complex biological organic or non-organic solid product derived from living or recently living organism and available naturally. Various types of wastes such as animal manure, waste paper, sludge and many industrial wastes are also treated as biomass because like natural biomass these More, renowned for its carbon-neutral qualities and compatibility with existing energy frameworks. This investigation spotlights the production of 40 wt% biocharBiochar is a carbon-rich material created from biomass decomposition in low-oxygen conditions. It has important applications in environmental remediation, soil improvement, agriculture, carbon sequestration, energy storage, and sustainable materials, promoting efficiency and reducing waste in various contexts while addressing climate change challenges. More in water and ethanol slurries, revealing that ethanol char slurry emerges as the most cost-effective variant, boasting a minimum selling price of merely A$0.052 per Megajoule.

Central to this analysis is the realization that selling price significantly influences the project’s economic feasibility. A detailed techno-economic assessment, coupled with a meticulous sensitivity analysis, discloses that even a slight augmentation in the selling price of CS-E100 can dramatically augment the probability of financial viability. Specifically, a 10% increment in selling price escalates the likelihood of economic success to an astounding 98.8%.

This research pioneers a hybrid simulation that amalgamates literature and experimental data, paving the way for transforming agricultural residues into affordable, sustainable energy solutions. By focusing on novel slurry fuels, this study not only addresses the challenges of biomass transportation and storage but also heralds a new era in clean energy production, emphasizing the pivotal role of innovative economic strategies in achieving sustainability goals.