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
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term