Model Development for Carbon Capture Cost Estimation

Abstract

Carbon capture is the most critical stage for the implementation of a technically viable and economically feasible carbon capture and storage or utilization scheme. For that reason, carbon capture has been widely studied, with many published results on the technical performance, modelling and, on a smaller scale, the costing of carbon capture technologies. Our objective is to review a large set of published studies, which quantified and reported the CO2 capture costs. The findings are grouped, homogenised and standardised, and statistical models are developed for each one of the categories. These models allow the estimation of the capture costs, based on the amount of CO2 captured and the type of source/separation principle of the capture technology used.