Toward a Strategic Design of the CCS Demonstration Projects: A Statistical Approach
8 Pages Posted: 15 Apr 2019
This paper reports the key findings of a statistical study that analyze 315 CCS projects worldwide with the most recent database. A worldwide database combining government R&D spending, patent, and demonstration is compiled to get a profound observation on the CCS innovation landscape. The results indicate that the first wave of CCS patent application in 2005 which is driven by private sector. The demonstration project is highly correlated to the patent application. Both demonstration projects and patent application peak in 2009. Our results of demonstration projects suggest that increasing unit cost and larger plant size increase the risk of a project being terminated or on hold. The stable political commitment is crucial to delivering a successful demonstration project. The risk of project failure due to system integration and scale-up of demonstration project might be possibly resolved by smaller facilities demonstrations which is promising in the advancing broad deployment of CCS and reducing political and financial barriers.
Keywords: Other, GHGT-14
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