The impact of geologic variability on capacity and cost estimates for storing CO 2 in deep-saline aquifers

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2012-09-01

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Abstract

While numerous studies find that deep-saline sandstone aquifers in the United States could store many decades worth of the nation's current annual CO 2 emissions, the likely cost of this storage (i.e. the cost of storage only and not capture and transport costs) has been harder to constrain. We use publicly available data of key reservoir properties to produce geo-referenced rasters of estimated storage capacity and cost for regions within 15 deep-saline sandstone aquifers in the United States. The rasters reveal the reservoir quality of these aquifers to be so variable that the cost estimates for storage span three orders of magnitude and average>$100/tonne CO 2. However, when the cost and corresponding capacity estimates in the rasters are assembled into a marginal abatement cost curve (MACC), we find that ~75% of the estimated storage capacity could be available for<$2/tonne. Furthermore, ~80% of the total estimated storage capacity in the rasters is concentrated within just two of the aquifers-the Frio Formation along the Texas Gulf Coast, and the Mt. Simon Formation in the Michigan Basin, which together make up only ~20% of the areas analyzed. While our assessment is not comprehensive, the results suggest there should be an abundance of low-cost storage for CO 2 in deep-saline aquifers, but a majority of this storage is likely to be concentrated within specific regions of a smaller number of these aquifers. © 2011 Elsevier B.V.

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10.1016/j.eneco.2011.11.015

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Eccles, JK, L Pratson, RG Newell and RB Jackson (2012). The impact of geologic variability on capacity and cost estimates for storing CO 2 in deep-saline aquifers. Energy Economics, 34(5). pp. 1569–1579. 10.1016/j.eneco.2011.11.015 Retrieved from https://hdl.handle.net/10161/6609.

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Scholars@Duke

Pratson

Lincoln F. Pratson

Gendell Family Professor of Energy and Environment

Lincoln Pratson is a professor in the Nicholas School of the Environment's Division of Earth & Ocean Sciences. He has been Chair of EOS, Director of the Duke University Energy Hub, Associate Director of the Gendell Center for Engineering, Energy & the Environment at Duke, served on the Executive Committee for the Research Triangle Energy Consortium (https://www.rtec-rtp.org/), and was a co-founder & co-director of the Sustainable Energy Fellowship (http://www.teachenergy.org/). Pratson is a geologist/geophysicist by training. He has consulted for major oil companies and helped co-found an energy service company that provides state-of-the-art gravity data used to explore for offshore oil and gas reserves. Pratson co-leads a research group at Duke on energy systems. The research has been supported by the DOE, DoD and private industry. Working with students, Pratson is conducting research into carbon capture and storage, integrating different forms of energy storage and renewable energy generation into the electricity industry operations, assessing current and future water use in thermo-electric power generation, and evaluating future demand for and supplies of energy resources.


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