Toward a Strategic Design of the CCS Demonstration Projects: A Statistical Approach

8 Pages Posted: 15 Apr 2019

See all articles by Nan Wang

Nan Wang

RITE: Research Institute of Innovative Technology for the Earth

Keigo Akimoto

Research Institute of Innovative Technology for the Earth

Abstract

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

Suggested Citation

Wang, Nan and Akimoto, Keigo, Toward a Strategic Design of the CCS Demonstration Projects: A Statistical Approach. 14th Greenhouse Gas Control Technologies Conference Melbourne 21-26 October 2018 (GHGT-14) , Available at SSRN: https://ssrn.com/abstract=3366422 or http://dx.doi.org/10.2139/ssrn.3366422

Nan Wang (Contact Author)

RITE: Research Institute of Innovative Technology for the Earth ( email )

Kyoto, 619-0292
Japan

Keigo Akimoto

Research Institute of Innovative Technology for the Earth ( email )

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