{"id":757,"date":"2015-10-20T12:32:52","date_gmt":"2015-10-20T11:32:52","guid":{"rendered":"https:\/\/www.sustainablegasinstitute.org\/?p=757"},"modified":"2015-10-20T12:32:52","modified_gmt":"2015-10-20T11:32:52","slug":"blog-reducing-the-costs-for-carbon-capture-and-storage","status":"publish","type":"post","link":"https:\/\/blogs.imperial.ac.uk\/sustainable-gas-institute\/2015\/10\/20\/blog-reducing-the-costs-for-carbon-capture-and-storage\/","title":{"rendered":"BLOG: Reducing the costs for Carbon Capture and Storage"},"content":{"rendered":"

\t\t\t\t\"12235378406_e25379dc47_o<\/a>This event blog was written by Sara Budinis<\/a>, a research associate at the Sustainable Gas Institute (SGI).\u00a0<\/em><\/p>\n

Last Thursday, I attended a thought-provoking event<\/a> which covered the role for research and development (R&D) in delivering cost-competitive Carbon Capture and Storage (CCS) projects in the UK in the 2020s.<\/p>\n

This particular topic was of special interest to me as the SGI’s second White Paper (due to be published in the Spring of 2016<\/em>) will review and discuss the costs of CCS when applied to power generation and industrial applications.<\/p>\n

The workshop was arranged by KTN Knowledge Transfer Network<\/a> together with the APGTF<\/a>, CCSA<\/a>, Coal Research Forum<\/a> and UKCCSRC<\/a>.<\/p>\n

It explored the challenges associated with second and third generation CCS projects and how R&D could help to solve these challenges, reduce costs and support the development of a sustainable supply chain.<\/p>\n

The cost of CCS is one of the main challenges to its development in the UK and worldwide. There is a variety of metrics to express CCS costs. The most common ones include the cost of carbon (\u00a3\/CO2, which can be avoided, captured or abated carbon) and cost of electricity (\u00a3\/MWh), which is used when you are dealing with CCS applied to power generation.<\/p>\n

When delivering new technology, its cost decreases along a \u201clearning curve\u201d.\u00a0 So, a First Of A Kind<\/a> (FOAK) plant obviously involves a high economic risk. Exploring ways to reduce the capital and operating costs of CCS from the FOAK level to the NOAK (nth of a kind) level is of great interest for industry, government and academia.<\/p>\n

\n

 <\/p>\n

Below are some highlights from the day:-<\/p>\n