Carbon Capture and Sequestration: Drivers and Barriers, Technology Issues, Key Industry Players, Market Analysis and Forecasts

Carbon Capture and Sequestration: Drivers and Barriers, Technology Issues, Key Industry Players, Market Analysis and Forecasts published by Pike Research in December, 2009. This report consists of 58 pages and the price starts from US $ 3500.

Introduction

Abstract

The last five years have seen a burst of activity around the prospective carbon capture and sequestration (CCS) industry, driven by concerns about the effects of CO2 emissions on the Earth' s climate. Because emissions from large point sources are a primary source of global climate change, CCS is considered a required set of technologies to mitigate, if not eliminate, the likely rise in the Earth' s temperature.

However, to date, no commercial-scale integrated power plant with CCS exists. What' s more, the addition of CCS systems to both existing and future power plants will likely add between 50% and 70% to the cost of producing electricity. One fundamental cause of uncertainty for the emerging CCS economy is the lack of a clear price for carbon emissions. While the obstacles to full-scale implementation of CCS are significant, however, there is no doubt that the CCS industry will grow rapidly over the next two decades.

This report examines the market issues, technological issues, and opportunities for players in all phases of the CCS industry, from capture technology to transport and storage. It also provides detailed market forecasts for all the major regions of the world, including costs and revenues. While Pike Research believes that most of the targets for CCS deployments between now and 2030 are optimistic, the industry will grow, under the most aggressive scenario, to reach annual revenues of $221.5 billion in 2030.

Key questions addressed:

• What are the primary drivers of the CCS industry?
• What is the role of governments in establishing the necessary conditions for a profitable CCS industry?
• What are the key market issues facing companies in the CCS industry?
• What are the primary technological issues facing companies in the CCS industry?
• How large will the CCS industry be in 2030, in terms of annual revenue?

Who needs this report?

• Carbon capture technology developers
• Oilfield services companies
• Professional services providers
• Power utilities
• Investors

Table of Contents

1. Executive Summary

2. Market Issues

• 2.1 Emissions Reduction Goals
• 2.2 Point Sources of Carbon Emissions
• 2.3 Carbon Capture and Sequestration - Definition and Description
  • 2.3.1 CO2 Sources and Sequestration Sites
• 2.4 The Role of Coal in Electricity Generation and Carbon Emissions
  • 2.4.1 The Future of Coal
  • 2.4.2 Coal in the Developing World
  • 2.4.3 Advantages and Costs of Coal as a Power Source
• 2.5 Other Point Sources of CO2 Emissions
  • 2.5.1 The Sleipner Project
• 2.6 The Importance of Carbon Capture and Sequestration
• 2.7 Market Drivers for CCS
  • 2.7.1 Government Funding for CCS
  • 2.7.2 Scale of the CCS Industry
• 2.8 Market Challenges for CCS
  • 2.8.1 Price Visibility
  • 2.8.2 Government Inaction
  • 2.8.3 EOR Capacity
  • 2.8.4 Legal and Regulatory Issues
  • 2.8.5 CCS Scale Issues
  • 2.8.6 Unequal Risks and Opportunities
• 2.9 Implementation Issues

3. Technology Issues

• 3.1 Introduction to Capture Technology
  • 3.1.1 Retrofitting Existing Plants
  • 3.1.2 Costs and Performance
  • 3.1.3 Status and Milestones
  • 3.1.4 Transport and Storage
• 3.2 Post-Combustion CO2 Capture
  • 3.2.1 Description
  • 3.2.2 Advantages and Disadvantages
• 3.3 Pre-Combustion CO2 Capture
  • 3.3.1 Description
  • 3.3.2 Advantages and Disadvantages
• 3.4 Oxy-Fuel CO2 Capture
  • 3.4.1 Description
  • 3.4.2 Advantages and Disadvantages
• 3.5 Emerging Technologies
  • 3.5.1 Introduction
  • 3.5.2 Carbonate-Based Systems
  • 3.5.3 Membranes
  • 3.5.4 Aqueous Ammonia
  • 3.5.5 Solid Sorbents
  • 3.5.6 Ionic Liquids

4. Key Industry Players

• 4.1 Energy Companies
  • 4.1.1 American Electric Power
  • 4.1.2 Anadarko Petroleum Corp
  • 4.1.3 BP
  • 4.1.4 C6 Resources
  • 4.1.5 Chevron Energy Technology Company
  • 4.1.6 ConocoPhillips
  • 4.1.7 Denbury Resources
  • 4.1.8 Hydrogen Energy International
  • 4.1.9 Peabody Energy
  • 4.1.10 Royal Dutch Shell
  • 4.1.11 Southern Company
  • 4.1.12 Vattenfall
  • 4.1.13 Wolverine Power Supply Cooperative Inc
• 4.2 Technology Developers
  • 4.2.1 Alstom
  • 4.2.2 Battelle Memorial Institute
  • 4.2.3 Fluor Corp
  • 4.2.4 GE Energy
  • 4.2.5 RTI International
• 4.3 Technology Developers
  • 4.3.1 AEA Energy and Environment UK
  • 4.3.2 Bryan Cave LLP
  • 4.3.3 Contek Solutions LLC
  • 4.3.4 ICF International
  • 4.3.5 Industrial Economics, Inc
  • 4.3.6 Leucadia Energy LLC
  • 4.3.7 Marsh, Inc
  • 4.3.8 Tetra Tech
  • 4.3.9 WESTCARB
• 4.4 Engineering Firms and Manufacturers
  • 4.4.1 Archer Daniels Midland Corp
  • 4.4.2 Boise Inc
  • 4.4.3 CEMEX Inc
  • 4.4.4 Dow Chemical
  • 4.4.5 Mitsubishi Heavy Industries
• 4.5 Oilfield Services Companies
  • 4.5.1 Halliburton
  • 4.5.2 Schlumberger

5. Key Industry Players

• 5.1 CCS Cost Forecasts
• 5.2 CCS Price and Revenue Estimates
• 5.3 Sources and Methodology
• 5.4 CCS from Natural Gas and Industrial Processes
• 5.5 Margins
• 5.6 Explanation of Forecasts

6. Company Directory

7. Acronym and Abbreviation List

8. Table of Contents

9. Table of Charts and Figures

10. Scope of Study, Sources and Methodology, Notes, Footnotes

List of Charts and Figures

• Percentage CO2 Stationary Source Emissions by Region
• Emissions Reduction Targets by Region
• Percentage CO2 Stationary Source Emissions by Category
• Primary Energy Sources, China
• Primary Energy, World Markets
• Total Global CO2 Captured Through CCS, 2015-2030
• Total Global CCS Costs, 2015-2030
• Total Global Revenues from CCS Activities, 2015-2030
• Sources of CO2 Emissions, North America
• Distribution of Coal-Fired Power Plants, United States: 2000
• Oil & Gas Reservoirs, North America
• Deep Saline Formations, North America
• CO2 Capture in a Conventional PC Plant
• Pre-Combustion Capture in an IGCC Plant
• Post-Combustion Capture in an Oxy-Fuel Plant
• Carbon Dioxide Emissions by Region, World Markets: 2010-2030
• Energy-Related Emissions by Fuel Type, World Markets: 2010-2030
• Advantages and Disadvantages of Carbon Capture Technologies
• Costs of Three Carbon Capture Technologies (Projected: 2012)
• Recent Estimates of CCS Costs from Various Sources
• Capture Costs by Fuel & Process, World Markets: 2010

List of Tables

• Carbon Dioxide Emissions by Region, World Markets: 2010-2030
• Energy-Related Emissions by Fuel Type, World Markets: 2010-2030
• American Recovery and Reinvestment Act Funding for CCS Projects, Industrial Carbon Capture + Sequestration Projects
• Other Federal CCS Funding
• CCS Projects Worldwide: 2008-2020
• CO2 Storage Projects, Operating & Proposed
• Recent Estimates of CCS Costs from Various Sources
• Capture Costs by Fuel & Process, World Markets: 2010
• Percentage of ' Candidate' CO2 Emissions by Region, World Markets: 2010-2030
• Candidate CO2 Emissions from Coal by Region, World Markets: 2010-2030
• Candidate CO2 Emissions from Natural Gas Use by Region, World Markets: 2010-2030
• Candidate CO2 Emissions from Liquid Use by Region, World Markets: 2010-2030
• Capture Rates by Region, Accelerated Scenario, World Markets: 2015-2030
• Capture Rates by Region, Medium-Term Scenario, World Markets: 2015-2030
• Capture Rates by Region, Delayed Scenario, World Markets: 2015-2030
• CO2 Captured by Region, Accelerated Scenario, World Markets: 2015-2030
• CO2 Captured by Region, Medium-Term Scenario, World Markets: 2015-2030
• CO2 Captured by Region, Delayed Scenario, World Markets: 2015-2020
• CCS Costs by Region, Accelerated Scenario, World Markets: 2015-2030
• CCS Costs by Region, Medium-Term Scenario, World Markets: 2015-2030
• CCS Costs by Region, Delayed Scenario, World Markets: 2015-2030
• CCS Revenue by Region, Accelerated Scenario, World Markets: 2015-2030
• CCS Revenue by Region, Medium-Term Scenario, World Markets: 2015-2030
• CCS Revenue by Region, Delayed Scenario, World Markets: 2015-2030
• CCS Revenue by Function, Accelerated Scenario, World Markets: 2015-2030
• CCS Revenue by Function, Medium-Term Scenario, World Markets: 2015-2030
• CCS Revenue by Function, Delayed Scenario, World Markets: 2015-203

Press Release

Carbon Capture and Sequestration to reach annual revenues of $221.5 billion in 2030

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