Carbon Capture & Storage Factbook - Schlumberger Business ...

ECONOMICS – RATIONALE FOR CCS
In industrial applications, CCS offers CO 2 abatement opportunities at a very low
cost
RANGE OF CURRENT COSTS OF CO 2 AVOIDED BY CCS APPLICATION IN THE US
$/tCO 2 avoided
160
150
140
120
100
80
60
40
70 70
79
49 49
92
53
106
67
20
0
14
20
CCS (Gas processing) CCS (Hydrogen) CCS (Steel) CCS (Cement) CCS (Coal) CCS (Natural Gas)
Notes: Costs of CO 2 avoided are for first-of-a-kind plants, relative to the same plant without CCS. Estimated costs in the United States with current available technologies
Source: SBC Energy Institute. CO 2 market price for EOR is from Bloomberg New Energy Finance (2012).
Estimated costs in the United States with current available technologies derive from 19 international studies gathered by the Global CCS Institute in “The costs of CCS
and other low-carbon technologies – issues brief 2011, No.2”. One figure with an abatement cost of only $23/t for coal CCS and has been voluntarily excluded from this
dataset. Other studies included in these ranges by SBC Energy Institute are: IEA “Industrial Roadmap for CCS”, 2011; and Global CCS Institute, “Economic assessment
of CCS technologies”, 2011 Update. Sleipner and In Salah‟s actual abatement costs have been used to establish the lower range for CCS (gas processing).
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© 2012 SBC Energy Institute. All Rights Reserved.