Carbon Capture, Use and Storage Cost Assessment Tools

Carbon Capture, Use and Storage Cost Assessment Tools

12th December 2019

Carbon Management

Carbon Capture, Use and Storage (CCUS) is an essential element in the portfolio of solutions needed to meet the dual challenge of providing affordable and reliable energy while addressing the risks of climate change.


In 2017, the National Petroleum Council (NPC) of the United States was asked by the Secretary of Energy to undertake a review of Carbon Capture, Use and Storage and define pathways that would lead to deployment at-scale. The study was completed in mid-December 2019 and a differential feature was to assess the costs to capture, transport and store CO2 from all sectors and fuel types, covering the largest facilities and a total of approximately 80% of all US stationary sources. Using “reference cases” and standard economic assumptions was essential to developing the cost curve, formulating recommendations, and assessing the potential impact of those recommendations on CCUS deployment at a national level. Costs for individual projects will vary based on location factors and the economic assumptions specific to each project.

 

To provide a useful public resource and ensure transparency of the work of the NPC CCUS study, this cost assessment tool will be hosted by Gaffney, Cline & Associates, allowing stakeholders to change the cost and financial assumptions to generate their own view of costs. We expect this tool will be available in late-January 2020, so please sign-up below to receive an update when it is published.

 

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Evaluate different economic scenarios using the NPC CCUS Cost Assessment tools, and sign up to our newsletter (you can unsubscribe at any time).

 

 
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