Advancements in CCS Technologies and Costs
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CCS will play a crucial role in achieving net zero targets by enabling CO2 capture from hard- to-abate industries
such as cement, steel, and chemicals, alongside the decarbonisation of power generation.
As the CCS industry grows, technological innovations and economies of scale have started to reduce the costs
of capturing, transporting, and storing CO2. This report provides an in-depth analysis of CCS cost structures,
focusing on recent advancements in capture, transport, and storage technologies, the factors influencing cost
variations, and strategies for cost reduction.
Of the three broad segments of CCS, capture and transport are explored in this first report in a two-part
series. The capture segment, which typically represents the largest portion of overall CCS costs, has seen
various improvements in both established and emerging
sectors.
The report outlines the common and novel CO2 capture processes deployed commercially and under
development.
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