The US Department of Energy’s Regional Carbon Sequestration Partnerships have matched the power plant and other stationary sources of more than 3.8 billion tons of US CO2 production with ‘candidate’ storage sites in a new online ‘Atlas.’
Underground CO2 sequestration may open up a huge new market for oil and gas technologies and software. CO2 sequestration looks like a particularly attractive possibility when teamed with ‘brown field’ secondary recovery from depleted oilfields. The other economic driver for the techniques is proximity to a major CO2 source such as a power plant.
Another estimate of the market potential can be had from a 2006 study by the UN Intergovernmental Panel on Climate Change (IPCC) entitled ‘Carbon dioxide capture and storage,’ that forecasted that up to 40% of the world’s CO2 could be sequestered by 2050. This would entail building ‘several hundreds to thousands’ of CO2 capture systems over the coming century, each capturing some 1–5 Mt CO2 per year. Geological storage is currently considered to be the most economically attractive sequestration technique. Download the Atlas from www.netl.doe.gov.
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