Global Costs of Carbon Capture and Storage

Organisation: Global CCS Institute

This summary report presents data commissioned by the Global CCS Institute from Advisian (the consulting and advisory arm of WorleyParsons, a global engineering firm) of the current and likely future costs of CCS in power generation and industrial applications. The report provides cost estimates for CCS in seven industries, including power generation, iron and steel, cement and bio-ethanol production. Estimates are also provided for fourteen countries, including China, Germany, Canada, Indonesia, Morocco and South Korea.

The Institute commissioned this dataset to provide an independent and up-to-date reference for various stakeholders wishing to understand the cost and performance of facilities fitted with CCS technologies, including transport and storage. Standardised designs for each facility have been used and costs for these are transposed from the reference location to different countries, reflecting drivers such as local ambient conditions, labour rates and fuel cost and quality. The resulting cost estimates therefore involve a degree of uncertainty that is typical for studies of this type, but provide a sound representation of the likely cost of CCS using today’s commercially available technologies, as well as cost reductions possible from learning-by-doing and by using better technologies that are currently in various stages of development.