-According to the International Energy Agency (IEA) Carbon Capture and Storage (CCS) has the potential to take 20% of the needed reductions in the green house gas emissions globally.
The development has to be strengtened and reforced, but we can already see, like this report shows, that we are heading in the right direction. 13 projects in a year is a good start. Given political will, needed financial mechanisms and good infrastrucure, CCS will be essential for a fast and substantial emission mitigation. The results and the overview presented by the Global CCS Institute gives hope and prove to those who will keep on pressuring all stakeholders to realize many more projects in the years to come, says Camilla Svendsen Skriung in ZERO.
The key findings in the report:
• By April 2010, active collaboration between government and industry has led to:
– 80 large-scale integrated projects (LSIPs) at various stages of the asset lifecycle, an increase of 13 projects since 2009;
– nine operating large-scale projects and two projects under construction;
– 69 potential projects in various stages of development planning:
■ 21 projects performing feasibility studies and preliminary engineering design (most mature);
■ 24 projects conducting pre-feasibility studies and initial cost estimates (moderately mature);
and
■ 24 projects undertaking scoping studies (least mature);
– Over US$26 billion world-wide in proposed government support for large-scale CCS projects.
• All nine operating projects and the two under construction occur in, or have linkages to, the oil and gas sector but 44 projects are planned for the power generation sector. There is a low number of other industrial projects with one iron and steel project, one cement project and one pulp and paper project in development planning.
• The vast majority of LSIPs are advancing in developed countries (notably North America and Europe), with only a few projects starting to surface in emerging markets such as China.
• The Gorgon Project in Australia has received a green classification for all seven G8 criteria. There is also a healthy number of projects that are being planned but the application of the G8 criteria indicates that most projects have significant work to narrow the gap to be considered launched, especially in the area of storage.
• There is a fairly even split between the use of pre-combustion capture and post‑combustion capture for the 44 planned LSIPS in the power generation sector. While the transport of carbon dioxide (CO2) is dominated by pipeline development, the storage of CO2 is split evenly between Enhanced Oil Recovery (EOR) and other geologic formations such as saline formations and depleted oil and gas reservoirs.
Status of CCS Projects Interim Report 2010
