Carbon capture and storage (CCS) costs can be reduced by deploying existing technology and using shared infrastructure.
That’s according to a report by the Energy Technologies Institute (ETI) which stated co-locating deployments using existing technology instead of creating new capture technology platforms can reduce initial CCS demonstration costs by up to 45%.
It focused on the cost of carbon capture which is said to be the single largest cost element of the process.
The report also stated post combustion amines and pre-combustion gasification technologies will continue to be the capture technologies of choice in power production for several years.
However it added after 2030, technology innovation should play an increasing role in ongoing cost reduction.
According to the ETI, hydrogen storage combined with CCS could “provide considerable flexibility and improve energy security”.
Den Gammer, ETI CCS Strategy Manager said: “The high capital cost of CCS means technology risks have to be carefully managed but initial cost reduction can be achieved without creating new capture technology platforms by making use of economies of scale, sharing infrastructure and through physical demonstration. CCS uses proven technologies which need to be combined into new value chains.”
Earlier this month, an ETI project funded by the government identified cost-effective CCS sites off the UK coast.