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News Release from: Energy Business Reports | Subject: Carbon capture and storage technology
Edited by the Engineeringtalk Editorial
Team on 10 October 2007
Large industry predicted for carbon
capture
Carbon capture and storage (CCS) applied to a modern conventional power plant could reduce CO2 emissions to the atmosphere by approximately 80-90% compared to a plant without CCS.
Carbon capture and storage (CCS) is an approach to mitigating climate change by capturing carbon dioxide (CO2) from large point sources such as power plants and subsequently storing it away safely instead of releasing it into the atmosphere Technology for capturing of CO2 is already commercially available for large CO2 emitters such as power plants
This article was originally published on Engineeringtalk on 10 Nov 2004 at 8.00am (UK)
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Storage of CO2, on the other hand, is a relatively untried concept and as yet no power plant operates with a full carbon capture and storage system.
The United States government has approved the construction of world's first CCS power plant, FutureGen, while BP has indicated that it intends to develop a 350MW carbon capture and storage plant in Scotland, in which the carbon from natural gas will be stripped out and pumped into the Miller field in the North Sea.
CCS applied to a modern conventional power plant could reduce CO2 emissions to the atmosphere by approximately 80-90% compared to a plant without CCS.
Capturing and compressing CO2 requires a great deal of energy and would increase the fuel needs of a plant with CCS by 10-40%.
These and other system costs are estimated to increase the cost of energy from a power plant with CCS by 30-60% depending on the specific circumstances.
Storage of the CO2 is envisaged either in deep geological formations, deep oceans, or in the form of mineral carbonates.
Geological formations are currently considered the most promising and these are estimated to have a storage capacity of at least 2000Gt CO2.
IPCC estimates that the economic potential of CCS could be between 10% and 55% of the total carbon mitigation effort until the year 2100.
The costs of CCS are dominated by costs of capture.
The storage is relatively cheap, with geological storage in saline formations or depleted oil or gas fields typically costing US $0.5-8 per ton of CO2 injected, plus an additional US $0.1-0.3 for monitoring costs.
However, when storage is combined with enhanced oil recovery to extract extra oil from an oil field, the storage could yield net benefits of US $10-16 per ton of CO2 injected (based on 2003 oil prices).
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