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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.
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.
Additional evidence that CO2 can be safely stored underground comes from a more than 40-year-old process called enhanced oil recovery (EOR) where CO2 has been injected underground to increase oil production.
Studies have shown that CO2 can be safely stored underground, such as in deep, porous rock formations, for thousands of years, and we've even found natural pockets of CO2 that have existed for millions.
Carbon Storage Risks Catastrophic Accidents On top of the risks of slower or smaller leaks, carbon storage also risks huge releases of CO2 in blowouts or during injection. These leaks can be deadly, as compressed CO2 can suffocate people.
The most well-developed approach to storing CO2 is injecting it underground into naturally occurring, porous rock formations such as former natural gas or oil reservoirs, coal beds that can't be mined, or saline aquifers.
For sizes ranging from 4 inches to 24 inches in diameter, estimated pipeline costs ranged from $51,000 per inch-mile to $119,000 per inch-mile (on a total project cost basis) where inch is the diameter of the pipeline.
The analysis suggests coal-sourced CO2 emissions can be stored in this region at a cost of $52?$60 ton?1, whereas the cost to store emission from natural-gas-fired plants ranges from approximately $80 to $90. Storing emissions offshore increases the lowest total costs of CCS to over $60 per ton of CO2 for coal.