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The EU Commission has recently published its long-term strategic vision exploring different scenarios leading to an EU low-carbon economy by 2050. In all these scenarios, the Carbon Capture and Storage (CCS) has been identified as a key technology to achieve this ambitious target, playing a crucial role to reduce emission levels required to limit global warming to 2°C and pursuit efforts to limit the temperature increase even further to 1.5°C.
This study, conducted by Future Bridge at the request of Concawe, provides an overview of the carbon capture technologies state-of-art, with focus not only on the commercial but also on the near-term technologies, which are likely to be commercialized in the 2025-2030 timeframe, and on the several new emerging technologies. For this mapping exercise, FutureBridge has considered various techno-economic factors such as carbon capture efficiency/rates, purity, cost of CO2 capture per ton, levelised cost of electricity, risks and barriers to assess the near-term and emerging carbon capture technologies. It has collected information from patents, scientific literature, published techno-commercial reports, white papers, annual reports and sustainability reports to assess the overall available technologies around carbon capture. In addition to this, FutureBridge has also analyzed the published front-end engineering and design reports, integrated assessment models, and technoeconomic analysis report for pilot and demonstration plants to gauge the near-term commercial carbon capture technologies.
CO2 emission is a global concern as it is primarily responsible for climate change and global warming. The industry sector is responsible for around 20% of the current greenhouse gas emissions. Technologies for ramping down CO2 emission already exist these include swapping fossil fuels for renewable sources, boosting production &amp energy efficiency, implementing Carbon Capture and Storage (CCS) technologies, and discouraging carbon emissions by putting a price on them. Over the last three decades, several CO2 capture technologies have been developed owing to the increasing awareness regarding the importance of reducing carbon emissions. A few of these technologies such as amine-based CO2 capture are
implemented at the industrial level. CCS can play a significant role in mitigating climate change. It involves capturing carbon dioxide at stationary point sources, which is a single localized emitter, such as fossil fuel power plants, refineries, industrial manufacturing plants, and heavy industrial (iron &amp steel and cement) plants as well as mobile sources, such as automobiles, ships, aircraft, etc, or directly from the air (Direct Air Capture) The
captured CO2 is compressed and transported for its storage in geological formations or for direct (non-conversion of CO2, such as enhanced oil recovery, food &amp beverage, heat transfer fluids, etc.) and indirect (conversion of CO2 into chemicals, fuels, and building materials) use.
This study focuses on near-term opportunities in carbon capture technologies, which are likely to be commercialized in the 2025-2030 timeframe, and the several emerging carbon capture technologies for power plants, and industrial process applications as well. FutureBridge has considered the various techno-economical factors such as carbon capture efficiency/rates, purity, cost of CO2 capture per ton, levelised cost of electricity, risks and barriers to assess the near-term and emerging carbon capture technologies. It has collated information from patents, scientific literature, published techno-commercial reports, white papers, annual reports and sustainability reports to assess the overall available technologies around carbon capture. In addition to this, FutureBridge has also analyzed the published front-end engineering and design reports, integrated assessment models, and technoeconomic analysis report for pilot and demonstration plants to gauge the near-term commercial carbon capture technologies