Carbon Capture & Storage Factbook - Schlumberger Business ...

More documents

Recommendations

Info

PERSPECTIVES – PROJECTS OUTLOOK Governments have committed billions to demonstrate CCS but are struggling to allocate money to specific projects GLOBAL PUBLIC FUNDS COMMITTED TO CCS $ billion 7.5 0.1 0.8 6.6 4.6 0.3 1.5? (NER 300) 1.6 Total = $21 billion committed Withdrawn in 2012 Uncertain Unallocated Allocated: $11 billion 4.3 0.6 3.2 3.1 1.0 • The NER 300 has so far been a fiasco for CCS: No project has been selected for funding in the first round (December 2012) ‒ Many projects (especially in the UK) were forced to withdraw from the bidding process after failing to secure necessary financial guarantees from their respective governments ‒ The only potential project remaining (ULCOS, France) intentionally withdrew from the competition • The second round of NER 300 funding is not expected before 2014. Depressed EU-ETS carbon prices ($5/tCO 2 ) may limit allocated funds 1.7 1.7 1.2 0.5 2.1 0.1 0.8 0.3 0.2 US European Union Australia Canada UK © 2012 SBC Energy Institute. All Rights Reserved. Norway South Korea Note: Allocated category includes only funds for specific projects, and unallocated category includes all funds promised by governments, minus the funds that are uncertain. NER 300 is a funding process from the European Commission that aims at selling 300 million allowance units from the EU-ETS to subsidize CCS and other low-carbon technologies Source: Global CCS Institute (2013) 45 China
PERSPECTIVES – PROJECTS OUTLOOK By 2017, only 22 projects should be operating, 70% of them located in North America CCS LARGE PROJECTS DEPLOYMENT FORECAST (2012-2017) MtCO 2 /year 50 45 40 Eight Large Projects in gas processing and hydrogen Injection rate capacity (Power Plant) Injection rate capacity (Oil/Gas Processing) Injection rate capacity (Hydrogen plant) 22 Large Projects 52MtCO 2 /year 35 30 25 20 15 10 5 ADM Illinois CCS ConocoPhillips Lost Cabin SaskPower Boundary Dam Leucadia Lake Charles Gasification Shell Quest Chevron Gorgon Summit TCEP Endesa OXICFB300 0 2013 2014 2015 2016 2017 Air Products Port Arthur ACTL Agrium Mississippi Power Kemper E.ON ROAD Swan Hills Sagitawah Tenaska Trailblazer Source: SBC Energy Institute analysis © 2012 SBC Energy Institute. All Rights Reserved. 46
Page 1 and 2: LEADING THE ENERGY TRANSITION Carbo
Page 3 and 4: EXECUTIVE SUMMARY (1/2) │CCS is a
Page 5 and 6: TABLE OF CONTENTS 1. CCS Technology
Page 7 and 8: TECHNOLOGIES ‒ R&D INVESTMENTS AN
Page 13 and 14: TECHNOLOGIES ‒ KEY R&D AREAS OF F
Page 15 and 16: TECHNOLOGIES ‒ KEY R&D AREAS OF F
Page 17 and 18: PROJECTS CCS entered the demonstrat
Page 19 and 20: PROJECTS ‒ INVESTMENTS AND KEY PL
Page 21 and 22: Decrease of capture costs PROJECTS
Page 23 and 24: PROJECTS ‒ DYNAMIC OF CCS DEMONST
Page 25 and 26: PROJECTS ‒ DYNAMIC OF CCS DEMONST
Page 27 and 28: Capital requirement * Technology ri
Page 29 and 30: 3. Economics EOR revenues compensat
Page 31 and 32: ECONOMICS - RATIONALE FOR CCS In in
Page 33 and 34: ECONOMICS - RATIONALE FOR CCS CCS e
Page 35 and 36: ECONOMICS - COST STRUCTURE Applying
Page 37 and 38: ECONOMICS - POTENTIAL FOR COST DECR
Page 39 and 40: ECONOMICS - POTENTIAL FOR COST DECR
Page 41 and 42: ECONOMICS - ECONOMIC INCENTIVES Glo
Page 43 and 44: 4. Perspectives The pipeline of CCS
Page 45: PERSPECTIVES - PROJECTS OUTLOOK Pro
Page 49 and 50: PERSPECTIVES - PROJECTS OUTLOOK Chi
Page 51 and 52: PERSPECTIVES - RECOMMENDATIONS AND
Page 53 and 54: APPPENDIX Four main capture process
Page 55 and 56: APPPENDIX Orders of magnitude • E
Page 57 and 58: APPPENDIX Bibliography (1/2) • Ad
Page 59: September 2012 Copyright © SBC Ene

Carbon Capture & Storage Factbook - Schlumberger Business ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?