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Understanding the Economic Feasibility of Ship Transport of CO2 within the CCS Chain

descriptionPublicationkeyboard_double_arrow_right Article , Journal 01 Jan 2014Publisher:Elsevier BVJournal:Energy Procedia, volume 63, pages 2,630-2,637 (issn: 1876-6102,

Authors: K. Kumar; Dianne E. Wiley; Dianne E. Wiley; G.A. Fimbres Weihs; G.A. Fimbres Weihs;

doi: 10.1016/j.egypro.2014.11.285

Understanding the Economic Feasibility of Ship Transport of CO2 within the CCS Chain

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Abstract

AbstractAn economic model for ship transport of CO2 is developed and benchmarked against published studies. The costs and benefits of ship transport for several likely CCS scenarios are compared against pipeline transport of CO2 for offshore injection. The results show that ship transport can be cost competitive with pipelines. The largest shipping cost components are electricity and fuel, each accounting for almost 30% of the total cost. Capital costs only contribute around 28% of the total shipping cost, compared to more than 70% for pipeline transport. Economies of scale can make shipping more cost-effective over long distances.

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Keywords

Techno-economic assessment, Carbon Capture and Storage (CCS), Offshore pipeline, Energy(all), CO2 Shipping, CO2 Transport

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	21
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 10%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Average