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Industrial capture cost: estimation methods and metrics (introduction) - Simon Bennett, IEA
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Industrial capture cost: estimation methods and metrics (introduction) - Simon Bennett, IEA
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.
IEA reading list
on CCS in industry © OECD/IEA 2013
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.
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.
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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