U.S. Department of Energy Office of Fossil Energy – Early CCUS Deployment through CO2-EOR: A Case for Catalyzing CCS – C.D. McConnell, Chief Operating Officer – Global CCS Institute Regional Meeting Washington DC – January 2012
Similar to U.S. Department of Energy Office of Fossil Energy – Early CCUS Deployment through CO2-EOR: A Case for Catalyzing CCS – C.D. McConnell, Chief Operating Officer – Global CCS Institute Regional Meeting Washington DC – January 2012
Similar to U.S. Department of Energy Office of Fossil Energy – Early CCUS Deployment through CO2-EOR: A Case for Catalyzing CCS – C.D. McConnell, Chief Operating Officer – Global CCS Institute Regional Meeting Washington DC – January 2012 (20)
U.S. Department of Energy Office of Fossil Energy – Early CCUS Deployment through CO2-EOR: A Case for Catalyzing CCS – C.D. McConnell, Chief Operating Officer – Global CCS Institute Regional Meeting Washington DC – January 2012
2. Competition for Global Resources
Global Environmental Trends and Policies
Game-Changing Technology
Uncertainty
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3. Key Bilateral Key Multilateral
Activities Activities
U.S.-China Clean Carbon
Energy Research Sequestration
Center Leadership Forum
Global Carbon
U.S.-India Coal
Capture and
Working Group
Storage Institute
Global Carbon
International
Capture and
Energy Agency
Storage Institute
(various )
(Australia)
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4. Large-Scale Geologic CO2
Storage
CO2 Capture from
Industrial Facilities
Post-Combustion Capture
with Enhanced Oil Recovery
IGCC with Enhanced
Oil Recovery
Oxy-combustion
IGCC with CO2 Capture
(to pipeline)
Advanced Technology for Carbon Capture,
Utilization and Storage
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5. Hydrogen Energy California
IGCC with EOR
$408 Million - DOE
$4.0 Billion - Total
Southern Company Services
IGCC-Transport Gasifier
(CO2 to pipeline)
$270 Million - DOE
$2.67 Billion - Total
Summit Texas Clean Energy
IGCC with EOR
$450 Million - DOE
$1.7 Billion - Total
CCPI Round II
NRG Energy CCPI Round III
Post Combustion with CO2 Leucadia
Capture and EOR CO2 Capture from Methanol
ICCS (Area I)
$167 Million – DOE Air Products with EOR
$339 Million - Total CO2 Capture from Steam $261 Million - DOE
Methane Reformers with EOR $436 Million - Total
$284 Million - DOE
$431 Million - Total
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6. The “Un-Mined Gold” Story for Energy, Jobs, and Sustainability
Domestic Energy Security
• 60 billion barrels of crude production from domestic EOR resources
• By 2030 ~15% of U.S. crude oil consumption could be supplied by CO2-EOR
Economic Security
• $3.5 trillion in reduced expenditures on imported crude oil
• 622,000 new jobs
• Cost of captured CO2 in 2020: $13 - $22/tonne CO2
• Cost of captured CO2 in 2030 : $1/tonne CO2
Environmental Sustainability
• Meeting President’s Goal: 83% reduction in GHG emissions by 2050
• IEA: “CCS …most important technology option”
• CO2-EOR can spur deployment of commercial CCUS
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7. Innovative Technology
Jobs
Government Revenues
GDP Growth
Environmental Sustainability
Create a Compelling Choice for Fossil Energy that is
Game-Changing and Sustainable
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