New report claims CCS costs can fall with existing technology

The Energy Technologies Institute (ETI) says that by co-locating demonstration projects and harnessing economies of scale, initial cost reductions could be achieved without creating new CCS technology. According to the institute, gains made by utilising shared infrastructure are potentially greater than those that will be made from technology advances in the near future.

“The high capital cost of CCS means technology risks have to be carefully managed,” said report author and ETI CCS strategy manager Den Gammer. “But initial cost reduction can be achieved without creating new capture technology platforms by making use of economies of scale, sharing infrastructure and through physical demonstration. CCS uses proven technologies which need to be combined into new value chains.”