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Title: An early deployment strategy for carbon capture, utilisation, and storage

Abstract

This report describes the current use of CO2 for EOR, and discusses potential expansion of EOR using CO2 from power plants. Analysis of potential EOR development in the USA, where most current CO2-based EOR production takes place, indicates that relatively low cost, traditional sources of CO2 for EOR (CO2 domes and CO2 from natural gas processing plants) are insufficient to exploit the full potential of EOR. To achieve that full potential will require use of CO2 from combustion and gasification systems, such as fossil fuel power plants, where capture of CO2 is more costly. The cost of current CCUS systems, even with the revenue stream for sale of the CO2 for EOR, is too high to result in broad deployment of the technology in the near term. In the longer term, research and development may be sufficient to reduce CO2 capture costs to a point where CCUS would be broadly deployed. This report describes a case study of conditions in the USA to explore a financial incentive to promote early deployment of CCUS, providing a range of immediate benefits to society, greater likelihood of reducing the long-term cost of CCUS, and greater likelihood of broad deployment of CCUS and CCSmore » in the long term. Additionally, it may be possible to craft such an incentive in a manner that its cost is more than offset by taxes flowing from increased domestic oil production. An example of such an incentive is included in this report.« less

Authors:
Publication Date:
Research Org.:
United States Carbon Sequestration Council (United States)
Sponsoring Org.:
IEA Clean Coal Centre, London (United Kingdom)
OSTI Identifier:
22134443
Report Number(s):
CCC-206
ISBN 978-92-9029-524-2; TRN: US13OA103
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
20 FOSSIL-FUELED POWER PLANTS; COAL GASIFICATION; POWER GENERATION; CARBON DIOXIDE; CAPTURE; STORAGE; USA; ENHANCED RECOVERY; ECONOMIC ANALYSIS; IMPLEMENTATION; COST ESTIMATION; FOSSIL-FUEL POWER PLANTS; OPERATING COST; ENERGY SOURCES

Citation Formats

Carter, L.D. An early deployment strategy for carbon capture, utilisation, and storage. United States: N. p., 2012. Web.
Carter, L.D. An early deployment strategy for carbon capture, utilisation, and storage. United States.
Carter, L.D. Thu . "An early deployment strategy for carbon capture, utilisation, and storage". United States. https://www.osti.gov/servlets/purl/22134443.
@article{osti_22134443,
title = {An early deployment strategy for carbon capture, utilisation, and storage},
author = {Carter, L.D.},
abstractNote = {This report describes the current use of CO2 for EOR, and discusses potential expansion of EOR using CO2 from power plants. Analysis of potential EOR development in the USA, where most current CO2-based EOR production takes place, indicates that relatively low cost, traditional sources of CO2 for EOR (CO2 domes and CO2 from natural gas processing plants) are insufficient to exploit the full potential of EOR. To achieve that full potential will require use of CO2 from combustion and gasification systems, such as fossil fuel power plants, where capture of CO2 is more costly. The cost of current CCUS systems, even with the revenue stream for sale of the CO2 for EOR, is too high to result in broad deployment of the technology in the near term. In the longer term, research and development may be sufficient to reduce CO2 capture costs to a point where CCUS would be broadly deployed. This report describes a case study of conditions in the USA to explore a financial incentive to promote early deployment of CCUS, providing a range of immediate benefits to society, greater likelihood of reducing the long-term cost of CCUS, and greater likelihood of broad deployment of CCUS and CCS in the long term. Additionally, it may be possible to craft such an incentive in a manner that its cost is more than offset by taxes flowing from increased domestic oil production. An example of such an incentive is included in this report.},
doi = {},
journal = {},
number = ,
volume = ,
place = {United States},
year = {2012},
month = {11}
}

Technical Report:

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