7.2 CO2 storage costs

The ZEP has recently published a study on CO2 storage costs (ZEP, 2011). As external cost data proved scarce and the development of a generic model prohibitive from a time and resources perspective, the ZEP study utilised the technical and economical knowledge of ZEP members with substantial research and experimental experience in the area of CO2 storage and associated costs. A "bottom-up" approach, based on potentially relevant cost components, was taken and data consolidated into a robust and consistent model. Owing to the varied representation within the group and the use of external parties for review, all data and assumptions were challenged, vetted and verified by the principle of consensus (IEAGHG, 2012).

 

in depth

7.2.1 Cost estimation cases

CCS development can be separated into three different phases......

7.2.2 Results

The cost model was run for each case with the input cost elements set to their base (most probable) values, according to...