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A cArbon cApture And storAge network for yorkshire And humber

A cArbon cApture And storAge network for yorkshire And humber

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This study presents a cost, as opposed<br />

to a revenue model. There<strong>for</strong>e, it is not<br />

linked to the European Emissions Trading<br />

Scheme price of CO2 or financing of the<br />

investment in the transport infrastructure.<br />

In addition the commercial rate paid by<br />

an emitter will depend on how quickly<br />

the <strong>network</strong> grows and how ownership<br />

of the <strong>network</strong> is managed. Of particular<br />

importance is the financial cost of the timing<br />

difference between expenditure in transport<br />

infrastructure and revenue from transporting<br />

CO2. For example an early plant unable<br />

to share a transport pipeline and linked to<br />

one store will have high costs, but strategic<br />

coordination of capture plant, pipelines and<br />

equipment with shared offshore storage will<br />

reduce costs.<br />

The ability to develop a cluster of large<br />

capture sites and suitable storage<br />

sites will be the key to a successful<br />

<strong>network</strong>. Depleted gas reservoirs must<br />

be decommissioned to be available <strong>for</strong><br />

use as CO2 storage sites. The study area<br />

compactly offers a timely combination of<br />

these opportunities as shown in figure 1.2.<br />

The study recommends that Yorkshire<br />

Forward and other regional bodies promote<br />

the development of a cluster of carbon<br />

capture ready industrial sites to be an early<br />

material action to justify investment in an<br />

efficient CO2 transport and storage system,<br />

driven by the co-operation by the capture<br />

site organisations and regional bodies.<br />

The UK government clarifies a process <strong>for</strong><br />

funding support through an appropriate<br />

mechanism to facilitate investment in this<br />

clustered approach to CCS deployment.<br />

<strong>And</strong> that Yorkshire Forward commissions<br />

a cost benefit analysis to understand the<br />

wider economic, social and environmental<br />

enhancements that would arise from a<br />

region wide CCS <strong>network</strong>.<br />

In conclusion this study has evolved the<br />

work of the North Sea Basin Task Force by<br />

focusing on a key region by considering in<br />

some detail the CO2 transport component<br />

of a regional CCS <strong>network</strong>. The study<br />

provides realistic costs <strong>for</strong> consideration by<br />

government, regional bodies and industry<br />

when planning <strong>for</strong> the strategic options to<br />

significantly reduce CO2 emissions in the UK<br />

through the development of carbon capture<br />

and storage.<br />

Carbon Capture and Storage Network 5<br />

Figure 1.1 Schematic of possible CCS systems<br />

Reproduced courtesy of the IPCC from IPCC Special Report on<br />

carbon dioxide capture and storage, page 4 Fig SPM.1<br />

Figure 1.2 Emitters and storage possibilities in the Humber

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