Scope of the Carbon Capture & Storage Technologies report:
The aims of Carbon Capture & Storage Technologies report are:
- determine what technologies exist to capture carbon dioxide (CO2) and at what price, with a focus on the utility and power generation sector.
- to determine what technologies are emerging that could compete with the existing technologies in use or displace those technologies.
The Carbon Capture & Storage Technologies determines what the costs would be to the purchasers of carbon capture equipment and also what the impact would be on the consumer and aslo determine which companies own the technologies to capture carbon dioxide and to determine how they are positioning their technology to compete against other technologies and if they were acquiring new technologies from start-up companies.
About the Methodology used on the Carbon Capture & Storage Technologies report:
The initial task was to determine the technologies suited to capture carbon dioxide for electric power applications and determine the cost of those technologies based on the cost per megawatt (MW) of capacity. The Appendix lists companies that provide the technologies and which companies were buying and why. An additional analysis was to list projects for each of the key technologies, including the necessary parameters, the expected cost of the project, the size of the project in megawatts, and how much carbon dioxide the project might expect to capture per year. Those projects expected to start in the 2009–2014 time frame form the basis for the forecast of growth for the carbon capture technologies examined in this report with due respect to global economic conditions and demographics.
U.S. patents are examined, and more than 100 research projects taking place in the U.S., Europe, Canada, and Australia also were studied to determine what new technologies were emerging that offer cheaper CO2 capture. All of these sources were considered and analyzed to determine the overall value of carbon dioxide capture during the next 5 years.
A search of THOMAS.gov (Library of Congress) and other sources was made to determine the many bills pending before Congress that will affect the regulation of carbon dioxide. A search of state records shows U.S. state legislation in effect or proposed for governing the emission of CO2. Regulation of CO2 on the international and national level is the driving force in CO2 capture, and those regulations were surveyed as well.
Another parameter was to determine how much carbon dioxide in millions of metric tons (MTs) is being captured for the world merchant gas market, how much carbon dioxide is being consumed in the manufacture of other chemicals and products, and how much is being consumed by the tertiary method of oil recovery known as enhanced oil recovery (EOR). This step included identifying the sources of carbon dioxide used in these applications by company, and included estimates of production for the U.S. and the rest of the world (ROW).
All tons in this report are MTs (2,205 lbs), not U.S. short tons (2,000 lbs), unless otherwise noted. The British spelling “tonne” is not used in this Carbon Capture and Storage Technologies report.
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