Economic Potential of DACCS and Global CCS Progress slide image

Economic Potential of DACCS and Global CCS Progress

Completed Operational In Construction Advanced Development Early Development 0 10 20 30 40 50 60 60 COUNT OF CCS FACILITIES INCLUDING DEMONSTRATION AND COMMERCIAL FACILITIES (over 100,000 tpa) ENHANCED OIL RECOVERY DEEP SALINE FORMATION UNDER EVALUATION DEPLETED OIL AND GAS RESERVOIR AVERAGE CO2 INJECTION RATE (Mtpa) 3 DEVELOPMENT STAGE EARLY DEVELOPMENT IN CONSTRUCTION OPERATIONAL ADVANCED DEVELOPMENT COMPLETED FIGURE 25: POTENTIAL AND CURRENT CO₂ STORED ACROSS STORAGE TYPES AND DEPLOYMENT STATUS. DATA DERIVED FROM OVER 150 CCS FACILITIES, INCLUDING COMMERCIAL AND DEMONSTRATION PROJECTS (OVER 100,000 TPA CO₂) ACROSS ALL STAGES OF DEPLOYMENT FIGURE 26: THE AVERAGE INJECTION RATE (MILLION TONNES PER ANNUM) OF COMMERCIAL CCS FACILITIES IN THE DEPLOYMENT PIPELINE. DATA DERIVED FROM OVER 30 CCS FACILITIES WITH DEDICATED GEOLOGICAL STORAGE, INCLUDING COMMERCIAL AND DEMONSTRATION PROJECTS (OVER 100,000 TPA CO₂), ACROSS ALL STAGES OF DEVELOPMENT. Perhaps the most important trend in geological storage is that the average injection rate per project is increasing. Operational facilities, on average, inject just over 1 Mtpa CO2. That average could more than double within a decade as new larger projects commence operation. Storage projects associated with CCS networks in development generally have injection rates of around 5 Mtpa. Further, storage operators are now announcing 10 Mtpa CO2 rates or more (1). This growth in injection rate has emerged in the past two to three years. The geological characteristics of dedicated storage resources (i.e. non EOR) vary widely. Facilities are targeting or actively injecting into thin reservoirs with low permeability, through to multi-Darcy (very high permeability - almost like sand on the beach) reservoirs hundreds of metres thick. The highest quality deep saline formation is not necessarily the best option, with operators needing to balance many factors. For example, injecting into a higher quality formation means the CO2 spreads further, increasing the monitoring area required. [43] GLOBAL CCS INSTITUTE
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