TY - JOUR
T1 - Estimation of CO2 practical capacity in saline formations
AU - Liu, Cheng Tien
AU - Hsieh, Bieng Zih
AU - Chen, I. Hsuan
AU - Lin, Zsay Shing
AU - Chen, Ta Lin
N1 - Funding Information:
This work was supported by grant MOST 103-3113-E-006-012 from the Ministry of Science and Technology, Taiwan. We thank CPC corporation, Taiwan, for providing the geological and reservoir properties data.
Publisher Copyright:
© 2014 The Authors. Published by Elsevier Ltd.
PY - 2014
Y1 - 2014
N2 - Based on the Techno-Economic Resource-Reserve Pyramid, CO2 storage capacity is divided to Theoretical Capacity, Effective Capacity, Practical Capacity, and Matched Capacity. These different classes consider the data sufficiency on geology, engineering, economics, and CO2 sources, respectively. Practical Capacity is important for a mature CCS project. The purpose of this study was to propose a procedure for estimating Practical Capacity. A case study focusing on estimations of Practical Capacity was presented and discussed. Combining simulation runs and economic analysis, the values of Practical Capacity were evaluated. We found that there is a linear relationship between Practical Capacity and net present value (NPV). The relationship is useful for determining the optimal operation scenario when the best Practical Capacity or NPV is considered.
AB - Based on the Techno-Economic Resource-Reserve Pyramid, CO2 storage capacity is divided to Theoretical Capacity, Effective Capacity, Practical Capacity, and Matched Capacity. These different classes consider the data sufficiency on geology, engineering, economics, and CO2 sources, respectively. Practical Capacity is important for a mature CCS project. The purpose of this study was to propose a procedure for estimating Practical Capacity. A case study focusing on estimations of Practical Capacity was presented and discussed. Combining simulation runs and economic analysis, the values of Practical Capacity were evaluated. We found that there is a linear relationship between Practical Capacity and net present value (NPV). The relationship is useful for determining the optimal operation scenario when the best Practical Capacity or NPV is considered.
UR - http://www.scopus.com/inward/record.url?scp=84922933794&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84922933794&partnerID=8YFLogxK
U2 - 10.1016/j.egypro.2014.11.552
DO - 10.1016/j.egypro.2014.11.552
M3 - Conference article
AN - SCOPUS:84922933794
VL - 63
SP - 5211
EP - 5221
JO - Energy Procedia
JF - Energy Procedia
SN - 1876-6102
T2 - 12th International Conference on Greenhouse Gas Control Technologies, GHGT 2014
Y2 - 5 October 2014 through 9 October 2014
ER -