High costs are holding back the deployment of carbon capture and storage technologies designed to clean the emissions of coal and other fossil fuel plants.
Carbon transportation costs are a big piece of the carbon capture cost puzzle.
The slow place of deployment is creating doubts about the G8 goal of having 20 carbon-capture large-scale projects in place by 2020. Only 7 on these large projects are presently operating. Another 55 are at various stages of construction.
However, cost is a major obstacle. According to the Global Carbon Capture and Storage Institute, carbon capture technology can amount to 78 percent of the cost of producing electricity at a fossil fuel plant. One major component of this is the cost of transporting and storing carbon washed from a plant’s smoke.
it is ‘arguably’ possible to achieve the G8 objective of deploying at least 20 commercial-scale CCS projects globally by 2020, the institute says. However, things will have to start moving faster for this to occur
Quite interesting… http://www.cypress.com/
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