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High Cost of Carbon Capture Is Slowing Progress
GALWAY, IRELAND--November 3, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--The addition of carbon capture and storage (CCS) solutions to fossil-fuelled power plants can add up to 78% to the cost of building the plants. This stark finding comes from a wide-ranging report by the Global Carbon Capture and Storage Institute (Canberra, Australia) about the world's current CCS projects, highlighting in detail the progress and obstacles that must be overcome to make CCS a reality. Cost is a key issue in the development of CCS solutions and is one of the key barriers to the rollout of large-scale demonstration projects. As well as the costs associated with building a CCS plant, the report also calculates the potential cost of transporting and storing captured carbon dioxide, concluding that transporting CO2 via pipeline is the most economical method of transportation. There are 213 active or planned CCS projects in the world, 101 of which are commercial-scale, according to the institute.
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Industry Segment: Power
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