Liu, M;
Zhang, Y;
Lan, H;
Huang, F;
Liang, X;
Xia, C;
(2023)
Assessing the cost reduction potential of CCUS cluster projects of coal-fired plants in Guangdong Province in China.
Frontiers of Earth Science
, 17
pp. 844-855.
10.1007/s11707-022-1030-1.
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Abstract
Carbon capture, utilization, and storage (CCUS) have garnered extensive attention as a target of carbon neutrality in China. The development trend of international CCUS projects indicates that the cluster construction of CCUS projects is the main direction of future development. The cost reduction potential of CCUS cluster projects has become a significant issue for CCUS stakeholders. To assess the cost reduction potential of CCUS cluster projects, we selected three coal-fired power plants in the coastal area of Guangdong as research targets. We initially assessed the costs of building individual CCUS projects for each plant and subsequently designed a CCUS cluster project for these plants. By comparing individual costs and CCUS cluster project costs, we assessed the cost reduction potential of CCUS cluster projects. The results show that the unit emission reduction cost for each plant with a capacity of 300 million tonnes per year is 392.34, 336.09, and 334.92 CNY/tCO2. By building CCUS cluster project, it could save 56.43 CNY/tCO2 over the average cost of individual projects (354.45 CNY/tCO2) when the total capture capacity is 9 million tonnes per year (by 15.92%). Furthermore, we conducted a simulation for the scenario of a smaller designed capture capacity for each plant. We found that as the capture scale increases, the cost reduction potential is higher in the future.
| Type: | Article |
|---|---|
| Title: | Assessing the cost reduction potential of CCUS cluster projects of coal-fired plants in Guangdong Province in China |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1007/s11707-022-1030-1 |
| Publisher version: | https://doi.org/10.1007/s11707-022-1030-1 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | cost reduction potential, CCUS cluster projects, coal-fired plant, carbon neutrality |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/10180167 |
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