Delaware Carbon Dioxide Storage Lease

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US-OG-951
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This form is a carbon dioxide storage lease.
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FAQ

Results show that although CCS significantly increases cement and steel costs, the subsequent increment in the overall bridge construction cost remains marginal (?1%). This 1% cost increase, however, enables a deep reduction in CO2 emissions (?51%) associated with the bridge construction.

The team brought the cost of capture down to $47.10 per metric ton of CO2 in 2021. A new study described in the Journal of Cleaner Production explores the cost of running the methanol system using different PNNL-developed capture solvents, and that figure has now dropped to just below $39 per metric ton of CO2.

There are also environmental and health risks associated with carbon storage facilities, such as the escape of the carbon dioxide from the site, the displacement of groundwater, and seismic activity. Carbon dioxide can leak through permeable substances or man-made routes like abandoned drilling wells.

The representative cost of storage ranges from $5 per ton CO2 in depleted oil and gas fields located onshore, to $18 ton?1 CO2 in an offshore saline reservoir. Onshore saline reservoirs store CO2 at a cost of $6 ton?1 CO2. Our study area did not contain depleted oil and gas fields offshore.

Summary. Carbon capture and storage (CCS) costs depend on the process type, capture technology, carbon dioxide (CO2) transport, and storage location. CO2 capture costs are projected to range from CAD 27?48/tCO2 for processes with concentrated CO2 streams to CAD 50?150/tCO2 for diluted gas streams.

Results indicate that the profitability benefits of flexible CCS range from 0 to 35%. Most of the potential benefit is capital savings from allowing the regenerator to be undersized.

CO2 transport and storage costs vary regionally. Key variabilities are distance, scale, monitoring, geology, and pipeline costs. We find CO2 transport and storage costs range from $4 to 45/tCO2. CCS deployment is more sensitive to transport and storage costs in some regions.

Summary. Carbon capture and storage (CCS) costs depend on the process type, capture technology, carbon dioxide (CO2) transport, and storage location. CO2 capture costs are projected to range from CAD 27?48/tCO2 for processes with concentrated CO2 streams to CAD 50?150/tCO2 for diluted gas streams.

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Delaware Carbon Dioxide Storage Lease