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A preliminary estimation for CCS storage cost of Korea

Title
A preliminary estimation for CCS storage cost of Korea
Authors
Kim J.W.Choi J.H.
Ewha Authors
최정현
SCOPUS Author ID
최정현scopus
Issue Date
2016
Journal Title
Geosystem Engineering
ISSN
1226-9328JCR Link
Citation
vol. 19, no. 1, pp. 11 - 18
Keywords
CCSCO2 storagecost analysissequestration cost
Publisher
Taylor and Francis Ltd.
Indexed
SCOPUS; KCI scopus
Abstract
Carbon capture and sequestration (CCS) projects can be considered a promising alternative for stabilizing carbon dioxide emissions in the atmosphere. There has been a lot of support from the Korean government to boost CCS projects, so that they may become commercialized. To conduct a CCS project, economic and geological considerations, as well as technical feasibility, are required. An excessively high cost prohibits CCS projects from being commercialized, even with the proper geological condition and technical feasibility. Therefore, it is essential to conduct an appropriate economic estimation analysis alongside the geological investigation and the technique development. The aim of this study is to estimate the storage costs of CCS projects, which are typically composed of capture, transport, and storage. Since cost estimation analyses have rarely been carried out in Korea, we have estimated the construction cost of the CCS storage by adopting assumptions made in the previous studies. To store 2.02 Mt for 20 years, 6.75–9.58 $/tCO2 is the estimated financial requirement. © 2015 The Korean Society of Mineral and Energy Resources Engineers (KSMER).
DOI
10.1080/12269328.2015.1078261
Appears in Collections:
엘텍공과대학 > 환경공학전공 > Journal papers
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