Optimisation economics for CO2 capture and storage in Central Queensland (Australia)

Bukhteeva, Olga; Neal, Peter; Allinson, Guy

doi:10.1016/j.egypro.2009.02.201

Cited by 9 publications

(4 citation statements)

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“…The disposal cost of CO 2 is assumed to be 25% of the construction and the project management cost. Other costs are supposed to depend on the IEA guideline and the Bukhteeva, Neal, and Allinson (2009).…”

Section: Geosystem Engineering 45mentioning

confidence: 99%

Estimation of carbon capture and storage transport cost in Korea

Kim

Choi

2014

Geosystem Engineering

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Carbon capture and storage (CCS) is considered as one of the important countermeasures to reduce carbon emission. The Korean government is providing complete support to commercialize CCS. In order to facilitate CCS projects in Korea, there are some preconditions that need to be fulfilled. The geologic condition of isolated sites to store CO 2 and technical condition of CO 2 capture, transport, and storage implementations must be technically feasible. Once all the/these geological and technical conditions have been met, another issue should be addressed. CCS projects require huge costs; it is, therefore, very critical to estimate the cost of the projects as preliminary data prior to the decision-making process. This study suggests the importance of cost analysis in conducting integrated CCS projects and (also) estimates the cost of CCS pipeline transport that will be implemented in the near future as a case study. The overall cost estimation structure is complied with Cooperative Research Centre for Greenhouse Gas Technologies Integrated Carbon Capture and Storage Economics Model with the data collected by the Korean companies (Korea Gas Corporation, Korea National Oil Corporation, and so on). The results show that the transport cost is $6.61 per ton CO 2 for 50 km both onshore and offshore, which incurred during the period of 20 years. The estimated cost is higher than that of the Australian projects, at least in the category of pipeline transport.

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Section: Geosystem Engineering 45mentioning

confidence: 99%

Estimation of carbon capture and storage transport cost in Korea

Kim

Choi

2014

Geosystem Engineering

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“…The costs (shown in Figure S3 in the Supporting Information) of a CCS project could be broken down into capture, pipelines, storage, and other costs . The capture and purification of CO 2 demands a substantial portion (up to 80%) of CCS capital investment.…”

Section: Ccs: Economic Issuesmentioning

confidence: 99%

Economic and Time-Sensitive Issues Surrounding CCS: A Policy Analysis

Maddali¹,

Tularam²,

Glynn

2015

Environ. Sci. Technol.

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Are the existing global policies on combating global warming via the carbon capture and storage (CCS) method significant enough to curtail the temperature rise on time? We argue that it is already too late to have any reliance on CCS. The current status of CCS is that it is plagued by technical uncertainties, infrastructure, financial, and regulatory issues. The technology is far from maturity and, hence, commercialization. Simulations conducted in this work suggest that the relevance of CCS is completely defied if the annual emission growth rate is in excess of 2% between the years of 2015 and 2040. At such a growth rate, the annual emissions reduction between 2040 and 2100 will need to be in the vicinity of 5.5% by the year 2100. Considering an average annual emissions growth rate of 2.5% over the past decade, it seems unlikely that the emissions could be contained to a 2% growth level. CCS in its current shape and form is at odds with the economics of its implementation and the time in hand with which to play a significant role in a carbon mitigation strategy. There is an urgent need to rethink policies and strategies to combat global warming to at least some degree.

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“…Tel. : +61 2 9385 4755; fax: +61 2 9385 5966. in Australia, China, the Middle East and certain parts of Europe Bukhteeva et al, 2009;IEAGHG, 2010;Wildenborg et al, 2009). One way to reduce these costs is by optimising the design of the pipeline network that links the CO 2 sources and sinks.…”

Section: Introductionmentioning

confidence: 99%