ECONOMIC EVALUATION OF CO2 SEQUESTRATION TECHNOLOGIES [electronic resource].
- Washington, D.C. : United States. Dept. of Energy, 2001.
Oak Ridge, Tenn. : Distributed by the Office of Scientific and Technical Information, U.S. Dept. of Energy.
- Physical Description:
- vp : digital, PDF file
- Additional Creators:
- United States. Department of Energy
United States. Department of Energy. Office of Scientific and Technical Information
- In order to plan for potential CO₂ mitigation mandates, utilities need better information on CO₂ mitigation options, especially carbon sequestration options that involve non-utility operations. One of the major difficulties in evaluating CO₂ sequestration technologies and practices, both geologic storage of captured CO₂ and storage in biological sinks, is obtaining consistent, transparent, accurate, and comparable economics. This project is comparing the economics of major technologies and practices under development for CO₂ sequestration, including captured CO₂ storage options such as active oil reservoirs, depleted oil and gas reservoirs, deep aquifers, coal beds, and oceans, as well as the enhancement of biological sinks such as forests and croplands. An international group of experts has been assembled to compare on a consistent basis the economics of this diverse array of CO₂ sequestration options. Designs and data collection are nearly complete for each of the CO₂ sequestration options being compared. Initial spreadsheet development has begun on concepts involving storage of captured CO₂. No significant problems have been encountered, but some additional outside expertise will be accessed to supplement the team's expertise in the areas of life cycle analysis, oil and gas exploration and production, and comparing CO₂ sequestration options that differ in timing and permanence of CO₂ sequestration. Plans for the next reporting period are to complete data collection and a first approximation of the spreadsheet. We expect to complete this project on time and on budget.
- Published through SciTech Connect.
Bert R. Bock; Richard G. Rhudy; David E. Nichols.
National Energy Technology Lab., Pittsburgh, PA (US)
National Energy Technology Lab., Morgantown, WV (US)
- Type of Report and Period Covered Note:
- Semiannual; 04/01/2001 - 09/30/2001
- Funding Information:
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