GHGT-9 Variability and Uncertainty in the Cost of Saline Formation Storage

Elsevier use only: Received date here; revised date here; accepted date here Cost estimates for CO2 capture and storage (CCS) systems typically focus on details of the CO2 capture process and make simplistic assumptions about the cost per ton of CO2 for the transport and storage components of the system. These ad hoc assumptions ignore the large variability in the storage cost from site-to-site caused by variation in storage reservoir characteristics. Moreover, the typical costs of storage that are widely applied in CCS cost estimates do not fully consider the cost of site characterization and operational monitoring. To address this problem, we have recently developed an engineering-economic model for geological storage in deep saline formations. In this paper we briefly describe the newly-developed performance and cost models for CO2 storage in deep saline formations, and use these models to develop a range of cost for CO2 storage. The range of cost is explored using four cases, representing different types of potential storage reservoirs. Results from the four case studies show considerably different capital costs and, consequently, levelized costs of CO2 stored. In addition, th