Today, CCS projects are storing almost 45 million tons of CO2 every year, which is about the amount of CO2 emissions created by 10 million passenger cars. Capture generally takes place at large stationary sources of CO2, like power plants or industrial plants that make cement, steel, and chemicals. Most current carbon capture projects use a liquid to chemically remove the CO2 before it goes out the smokestack, but several new types of capture processes are under development. The captured CO2 gas is then compressed so it becomes liquid-like and transported to a storage site, generally through a pipeline. Ship transport is more expensive than using pipelines, but it is being considered in both Europe and Japan. Once at the storage site, the CO2 is pumped more than 2,500 feet down wells into geological formations like used-up oil and gas reservoirs, as well as formations that contain unusable, salty water.
CCS is sometimes referred to as CCUS, where the “U” stands for utilization. Enhanced oil recovery (EOR) is the major use of CO2 today. EOR is where CO2 is injected into active oil reservoirs in order to recover more oil. Other possible uses of CO2 include making chemicals or fuels, but they require large amounts of carbon-free energy, making the costs too high to be competitive today. For large-scale implementation of CCS, utilization is projected to use less than 10% of the captured CO2.
We emit so much CO2 into the atmosphere that, if carbon capture is going to play any significant part in the fight against climate change, we will have to store most of the captured CO2 underground. But “utilization”—selling the CO2 as a valuable product—could help create markets for carbon capture, and make it cheaper for companies to invest in capturing their CO2 emissions.
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