Aker Carbon Capture pegs all-in CCS cost at €110/t
Norwegian firm aims for 10mn t by 2025 and targets UK gas-fired power sector
Current all-in costs for installing and operating carbon capture and storage (CCS) projects are running at about €110/t ($130/t) according to Norway-based Aker Carbon Capture. Total levelised costs—including capex, operation and maintenance, and transport and storage—are at €75-145/t, based on Aker’s ‘pay per ton’ model, where it handles the entire CCS solution including operations and storage. The total is made up of €20-40/t for capex, €25-45/t for operations and maintenance—including energy costs—and €30-60/t for transport and storage, Aker said in a presentation to investors, in which it detailed its cost estimates for the first time. “I am confident that we are on our way to reach
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks