Saturday 24 August 2024

WHAT IS THE COST OF CARBON CAPTURE UTILISATION AND STORAGE?

 CCUS applications do not all have the same cost. Looking specifically at carbon capture, the cost can vary greatly by CO2 source, from a range of USD 15-25/t CO2 for industrial processes producing “pure” or highly concentrated CO2 streams (such as ethanol production or natural gas processing) to USD 40-120/t CO2 for processes with “dilute” gas streams, such as cement production and power generation. Capturing CO2 directly from the air is currently the most expensive approach.

Moving on to the cost of transport and storage, this can also vary greatly on a case-by-case basis, depending mainly on CO2 volumes, transport distances and storage conditions. In the United States, for example, the cost of onshore pipeline transport is in the range of USD 2-14/t CO2, while the cost of onshore storage shows an even wider spread. However, more than half of onshore storage capacity is estimated to be available below USD 10/t CO2

Is carbon capture too expensive? – Analysis - IEA

The following video looks at the problems with this as well as stating its importance, assuming that capturing and storing CO2 is necessary.

How does carbon capture and storage actually work? | ABC News (youtube.com)

All this begs the question - do we need to do this at all? The answer to that depends on whether you believe the planet is facing a looming disaster caused by CO2. If we don't ( and I believe the evidence is very doubtful) then we certainly do not have to spend billions of dollars capturing and burying it.


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