Whether a CPI company’s interest is based on reducing its own CO2 emissions or supplying technology to curb that of its potential customers, this growing field has implications for all
Michele M. Glessner and Jeffrey E. Young, Alston & Bird
Carbon capture and storage (CCS) is an area of technology that has received national and international attention. CCS is seen by some as a way to reduce carbon dioxide (CO2) emissions into the atmosphere and thereby decrease the threat of global warming. Consequently, proponents have increased pressure on state and federal governments to make such reductions mandatory.
Although the benefits of CCS to the environment may be great, so are the costs of implementing CCS. The additional energy required by a plant employing current CCS technology to capture and store the CO2, as well as the initial capital costs of providing the plant with CCS capability, is estimated at $40 – $90/ton of CO2 captured. This translates to an increase in electricity production costs of $0.02 – $0.03/kWh [ 1].
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