Analyzing the Global Carbon Capture and Storage Market
Carbon capture and storage is a process that has become quite popular in recent years. Carbon capture and storage, known commonly as CCS, or even known as carbon capture and sequestration, is a process that captures waste carbon dioxide from sources such as fossil fuel plants and transports it to a carbon storage site (generally underground). The process prevents the release of such large amounts of carbon dioxide into the atmosphere. CCS is being considered as one such process that can possibly mitigate the role of emissions from fossil fuels leading to global warming.
Aruvian Research analyzes the global carbon capture and storage market in this research report. The report begins with an analysis of the basics of Carbon Capture and Storage (CCS). The emergence of Carbon Capture and Storage and how it can aid in combatting global warming is analyzed by taking a look at global emissions of carbon dioxide, emissions from coal combustion and factors that promote the use of CCS.
We analyze the carbon dioxide capture process by firstly looking at carbon dioxide emissions from power plants, the high cost of carbon capture and the loss of efficiency power plants face if carbon capture process is introduced and other factors that impact the industry. Post combustion and pre combustion capture of carbon dioxide are analyzed. We also look at the use of ionic liquids for post combustion carbon capture. Other combustion methods such as oxyfuel combustion and chemical looping combustion are further analyzed in this report.
Development of CCS infrastructure to promote the growth of the global carbon capture and storage industry is looked at while also analyzing the various concerns and limitations associated with carbon capture and storage.
We analyze some example CCS projects around the world including in Australia, Canada, Germany, Netherlands, Norway, the United Kingdom and CCS projects in the United States.
Moving on, we look at the transportation of carbon dioxide, which is the next stage following carbon capture. Carbon sequestration is analyzed by the various processes which include biological, physical and chemical. Potential carbon sequestration sites are analyzed by ocean storage, underground storage and other options. Challenges and some demonstration projects complete the analysis of carbon sequestration.
The high cost of carbon capture and storage is definitely a factor that has to be considered while analyzing the global carbon capture and storage industry. We analyze the economics of CCS through capital cost, storage and transportation costs, cost involved in the monitoring of underground carbon storage, overall industry costs along with the levelized cost of electricity.
Impact of global regulations and legislation governing carbon capture and storage along with the regulation of carbon emissions is analyzed along with legislative challenges.
Summing up, we provide an outlook for the global carbon capture and storage industry including a comparison of CCS with cheaper alternatives and future market potential.