Capturing and utilizing the emissions of CO2 has become a method to reduce the occurring emissions from industrial flue gases. One of the methodologies to capture and use the CO2 is through the CO2 capture and reduction (CCR) process. This process uses a bi-functional catalyst to capture CO2 from diluted gas streams and subsequently reduce it to CO in the presence of H2. The obtained product (syngas) can be further used as feedstock in for example the Fischer-Tropsch process. To implement a novel technology in industry, the technology itself should be economical feasible. To determine the feasibility of the process a technoeconomical analysis is executed. The analysis uses process parameters obtained by evaluating the catalytic activity of the bifunctional catalysts. Two catalytic systems have been evaluated: Cu-K/𝛾-Al2O3 and FeCrCuK/PMG20. Effect on the synthesis conditions of Cu-K/𝛾-Al2O3 were also investigated. Cu-K/𝛾-Al2O3 without additional drying steps during the synthesis shows a higher CO2 capacity and a faster CO production rate compared to the other catalysts. Furthermore, to estimate the H2 requirement in an industrialized process the consumption of H2 during the process has been quantified. To ensure a continuous process operation, a two reactor process has been proposed in the techno-economical analysis. The sizing and subsequent cost of the process equipment has been determined by utilizing the obtained process parameters. Besides the capital costs, the operating costs were also estimated to determine the profitability of the process. After the monetary benefit of selling the syngas was determined, it could be stated that the process is profitable under certain conditions. The process is profitable if the used H2 source has a buying price below $1.8 per kilogram. If sales of allowances is possible, the buying price of H2 needs to be below $2.4 to ensure a profitable process.