Carbon Capture & Storage Factbook - Schlumberger Business ...

PROJECTS ‒ DYNAMIC OF CCS DEMONSTRATION
Projects for CCS power plants without EOR revenues are facing difficulties
NINE PROMISING CCS POWER PLANTS HAVE BEEN CANCELLED
In red when abandoned mainly due to local public opposition
TransAlta Project Pioneer
$782 million granted
Economic reasons
Horizontal multi-frac well technology is
delaying the needs for CO2-EOR in
Alberta’s mature oil fields. The CCS project
without EOR revenues became noncommercial
FutureGen
$700 million granted
Economic reasons
Dates back 2004, was cancelled due to
rising costs. A new project, FutureGen2.0,
smaller in size, is still struggling to pass
FID and is not expected to be built before
2016
AEP Mountaineer
$334 million granted
Economic reasons
Uncertain climate policy had weakened the strategic case
for the project, but cost-sharing issues with West Virginia
commissioners eventually derailed it
ZeroGen
$300 million granted
Economics reasons
Abandoned by the Queensland
government, due to escalating costs
Scottish Power
Longannet
$1,500 million granted
Economic reasons
Grant proved insufficient to
retrofit this old and inefficient
plant
Hunterston
Underlying plant cancelled
Overwhelming local opposition
to the construction of the coal
power plant
RWE Eemshaven
Storage opposition
Dutch government banned
onshore CO2 storage
Shell Barendrecht
$40 million granted
Storage opposition
Dutch government banned
onshore CO2 storage
Vattenfall Jänschwalde
$180 million granted
Storage opposition
Lack of political will to
provide legislation needed
for CCS in Germany,
especially on storage
Source:
SBC Energy Institute
© 2012 SBC Energy Institute. All Rights Reserved.
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