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Publications, Reports & Research

Our publications, reports and research library hosts over 500 specialist reports and research papers on all topics associated with CCS.

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Valuation of potential risks arising from a model, commercial-scale CCS project site
Valuation of potential risks arising from a model, commercial-scale CCS project site

1st June 2012

Topic(s): Carbon capture, Engineering and project delivery, Health, safety and environment, Use and storage (CCUS)

A diverse group of organisations from industry, government, and the environmental community jointly sponsored Industrial Economics (IEc), an expert in environmental economics and natural resource damage assessment, to develop and test a model approach for valuing the economic damages arising from a well-sited and well-managed CCS project. These damages included environmental and human health impacts arising from a range of potential events such as pipeline ruptures and subsurface leakage. They do not address potential impacts from facility construction or routine operation, nor do they address potential impacts to workers, business interruption, facility repair or similar ‘private’ costs internal to the operator. The model was successfully developed and applied to a ‘realistic’ project based on the publicly available risk assessment for a site from the FutureGen 1.0 site selection process. The project was planned to inject 50 million metric tons of CO2 over 50 years and to have a 50 year post-injection period (for a 100-year analysis period).

This site-specific application of the model showed that the ‘most likely’ (50th percentile) estimated damages arising from CO2 totalled approximately $7.3 million and ‘upper end’ (95th percentile) estimated damages totalled approximately $16.9 million. On a per metric ton basis, these results translate into ‘most likely’ (50th percentile) estimated damages of $0.15 per metric ton and ‘upper end’ (95th percentile) estimated damages of $0.34 per metric ton. When combined, the estimated damages for CO2 and H2S were roughly 10-15 per cent higher.

It is important to note that the range of damage estimates is highly sensitive to site-specific data. The sponsor group concludes that the tools exist to estimate prospective financial damages. Further, the sponsor group has developed insight into the magnitude and timing of dollar amounts that are likely to be at risk and the conditions under which they may be at risk at a well-selected and well-managed CCS project. This analytic approach is based on generally accepted practices within the financial and insurance industries, and can be applied, with adjustment for location, to CCS projects around the world.

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Accelerating the uptake of CCS: industrial use of captured carbon dioxide
Accelerating the uptake of CCS: industrial use of captured carbon dioxide

20th December 2011

Topic(s): Carbon capture, CO2 utilisation, Use and storage (CCUS)

The fundamental purpose of this report is to investigate existing and emerging uses of CO2 and to review the potential to capture and reuse CO2for industrial applications in order to accelerate the development and commercial deployment of CCS. It considers both the near-term application of mature technologies such as enhanced oil recovery (EOR) and the longer term application of a number of promising new technologies that are still in the initial stages of their technical development.

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