Title: The Cost of Carbon Capture and Storage Demonstration Projects in Europe
Authors: TZIMAS Evangelos
Publisher: Publications Office of the European Union
Publication Year: 2009
JRC N°: JRC56041
ISBN: 978-92-79-14612-1
ISSN: 1018-5593
Other Identifiers: EUR 24125 EN
OPOCE LD-NA-24125-EN-C
URI: http://publications.jrc.ec.europa.eu/repository/handle/JRC56041
DOI: 10.2790/18793
Type: EUR - Scientific and Technical Research Reports
Abstract: The acceleration of development and the demonstration of carbon capture and storage (CCS) technologies are one of the key objectives of the Strategic Energy Technology Plan (SET-Plan) of the European Union, which aims at enabling the rapid transition to a low-carbon economy. A critical element for the commercialisation of CCS is the construction and operation of up to 12 coal-fired CCS demonstration plants. The cost of this demonstration programme has been estimated to be between 8.5 and 13 billion Euros. This cost has been estimated assuming the size and composition of the fleet of the CCS demonstration plants and by calculating, based on a cash flow analysis, their additional discounted lifetime costs. The calculations presented in this report show that the additional costs for a 400 MW plant range between 680 million Euros for coal-plants and 550 Euros for gas plants. Assuming a CO2 price as in the scenarios developed for the second European Strategic Energy Review, the additional revenue required for making these demonstration plants competitive in the electricity market are 46 Euros for coal plants and 77 Euros for gas plants per tonne of CO2 avoided. These calculations are very sensitive to the assumptions made with regards to the capital costs, the costs of CO2 transport and storage, fuel and CO2 prices and the discount rate. These additional costs have been estimated using reference values for the cost of the CO2 capture technologies (pre- and post-combustion and oxyfuel), which have stemmed from an extensive assessment of literature sources using a transparent methodology, which alleviates to a significant extent the confusion about the economics of CCS technologies.
JRC Institute:Institute for Energy and Transport

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