In Europe, one of the hurdles to successful deployment of Carbon Capture and Storage projects is a lack of available infrastructure. Creating the whole value chain infrastructure for each individual project is as a rule prohibitively expensive, specifically due to the lack of government support in many of the member states. One potential way of tackling the issue is to create business cases for the stakeholders and therefore reduce the financial burden by utilizing the captured CO2. Out of the available CO2 utilization options available at the moment, CO2-EOR (Enhanced Oil Recovery with CO2) is the only one capable of continuously utilizing large volumes of carbon dioxide while at the same time creating a profitable revenue stream, and then allowing smooth transition into permanent storage and deployment of large scale CCUS. CO2-EOR combined with storage allows for just transition to new energy sources in regions heavily dependent on hydrocarbon production / processing / power generation. In the last 5 years NORCE Norwegian Research Center AS was actively involved in research for CO2-EOR combined with storage. This paper summarize approaches, concepts and findings from projects like REPP-CO2 (project supported by Norway Grants from the CZ-08 Carbon Capture and Storage programme), ENOS (project funded by the European Union’s Horizon 2020 research and innovation programme under grant agreement No 653718), ECO-BASE (supported by Gassnova, Norway; RVO, Nederland; UEFISCDI, Romania; TUBITAK, Turkey; and is co-funded by the European Commission under the Horizon 2020 programme ACT, Grant Agreement No 691712) and STRATEGY-CCUS (funded by European Union’s Horizon 2020 research and innovation programme under grant agreement No 837754). In this paper we present and discuss: • Potential approaches to early stage evaluation of CCUS value chains under large uncertainties for mature or abandoned hydrocarbon reservoirs; • Outcomes of the evaluations, benefits and hurdles from evaluation of several potential CCUS clusters in Europe. The key findings are: • Mature or abandoned hydrocarbon fields onshore Europe are available and suitable for CO2-EOR with subsequent storage; • Fields are often located in vicinity of other industrial installations (cement, steel, refinery, power plants) allowing for short-distance transport and, potentially, for better public opinion as the general public is familiar to and involved in ongoing industrial activities; • Based on experience with CO2-EOR in several locations in Europe and accounting for wide-spread application in the US, preliminary evaluations show that the overall operations may be economically feasible with ETS credits without additional government funding; • If CO2-EOR operations are followed by storage, for some of the candidate fields, the injected and stored CO2 volumes may compensate for emissions associated with recovered oil and gas during the entire field lifetime. This has been shown for some of the candidate fields that has been studied; • Many of the potential CCUS projects need to find the business opportunities and ways to “link” all stakeholders together. Tackling some of these aspects are addressed in detail by e.g. “CO2-EOR business opportunities in Romania and Turkey” by Bos, et.al. submitted to the same conference; • Lacking, or too complex legislation may provide a significant hurdle to the project deployment; • Public dialog is a vital component of establishing the project as shown by both positive and negative examples worldwide.
Read full abstract