Industrial capture cost: estimation methods and metrics (introduction) - Simon Bennett, IEA

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A presentation from the 2013 CCS Costs Workshop.

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Industrial capture cost: estimation methods and metrics (introduction) - Simon Bennett, IEA

  1. 1. Session 2 - Industrial capture cost: estimation methods and metrics CCS Cost Workshop, Paris; 6-7 November 2013 Simon Bennett, Chair © OECD/IEA 2013
  2. 2. IEA reading list on CCS in industry © OECD/IEA 2013
  3. 3. IEA abatement cost “estimates” 2011 High-purity Biomass conversion Cement Iron and steel Refinery 0 50 100 150 200 Cost of abatement (USD/tCO2 avoided) The sectors covered will show a wide range of cost of abatement, from under 30USD/t to over 150USD/t © OECD/IEA 2013
  4. 4. Source: IEA report to the Clean Energy Ministerial 2013 Update on avoidance costs 2013 Cost estimates vary widely between sites and within sites. Consensus is still evolving... © OECD/IEA 2013
  5. 5. What we need to improve cost estimates  We need to improve comparability of estimates for industrial applications, as in power  Setting boundaries around capture processes on sites  Approaches to estimating production costs (or NPV, etc.) in different sectors (equivalent to LCOE)  Use common terminology for citing costs and inputs  Allocation of costs across multiple product streams  Allocation of costs across multiple processes onsite  Baselines for estimating CO2 avoidance costs  Incorporation of relevant risks © OECD/IEA 2013

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