Carbon Capture & Storage Factbook - Schlumberger Business ...

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PERSPECTIVES – RECOMMENDATIONS AND CONCLUSIONS Recommendations Public authorities • Leverage EOR projects to enable CCS to take off: − Reward for emissions avoided by storing CO 2 along with EOR − Promote collaboration in R&D and demonstration among major oil-producing countries • Focus public support and investment incentives on overcoming hurdles to CCS: − Project type: large integrated demonstration − Sectors: power, steel and cement − R&D: capture processes • Secure, stable regulation regarding long-term investment Private sector • Educate governments and the public on the potential of CCS technology in terms of decarbonisation • Overcome knowledge-sharing issues by establishing consortia or industry alliances • Explore new business models to ease partnerships in integrated projects (clusters) © 2012 SBC Energy Institute. All Rights Reserved. 49
PERSPECTIVES – RECOMMENDATIONS AND CONCLUSIONS Conclusions 1. Meeting international CO 2 emissions-reduction targets will be extremely difficult to achieve without CCS 2. CCS projects are technically feasible at large scale and with moderate abatement costs per ton of CO 2 avoided. No R&D gap justify to wait before building demonstration projects 3. Demonstration projects are necessary to refine understanding of CO 2 sequestration mechanisms 4. R&D‟s priority is reducing the cost of CO 2 capture 5. Projects associated with oil & gas production can be commercial. It will remain the main driver in the CCS industry in the current decade 6. Projects remain at a standstill for power generation and heavy industry when targeting passive CO 2 storage 7. Despite governments promises, demonstration is has been far slower than what was projected 8. IEA has just renewed its call for action to develop CCS, listing it in its 2013 priorities 9. Public stakeholders needs increase support for CCS and private-sector needs to develop overall awareness of the benefits of CCS © 2012 SBC Energy Institute. All Rights Reserved. 50
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 and 46: PERSPECTIVES - PROJECTS OUTLOOK Pro
Page 47 and 48: PERSPECTIVES - PROJECTS OUTLOOK By
Page 49: PERSPECTIVES - PROJECTS OUTLOOK Chi
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

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