Projecting CCUS Project Costs Using the Illinois Basin – Decatur Project as a Cost Basis

14 Pages Posted: 29 Nov 2022

See all articles by Sallie Greenberg

Sallie Greenberg

University of Illinois at Urbana-Champaign - Illinois State Geological Survey

Steve Whittaker

Illinois State Geological Survey

Austyn Vance

Trimeric Corporation

Ray McKaskle

Trimeric Corporation

Date Written: November 25, 2022

Abstract

Analyzing the research project costs associated with the Illinois Basin – Decatur Project (IBDP), Decatur, Illinois USA may provide insights for future projects and allows for the projection forward of the cost of storage and monitoring for commercial-scale Carbon Capture and Storage (CCS). Based on the cost analysis and knowledge developed from the IBDP and other projects, storage and monitoring costs were projected forward for two commercial-scale scenarios: Scenario A - 1 MTPY CCS project with an ethanol plant or similar source, and Scenario B - 4 MTPY CCS project for amine capture at a coal-fired power plant. The cost of monitoring and storage for Scenario A was estimated to be $57 million. The cost of monitoring and storage for Scenario B was estimated to be $107 million. The actual cost per tonne of CO2 captured, transported, stored, and monitored for the IBDP with injection over a three-year period is $90.42/tonne, calculated prior to overhead and administrative costs. The annualized cost estimate over 20 years of injection for the IBDP theoretical scenario is $33.07/tonne, Scenario A cost estimate is $23.69/tonne, and Scenario B cost estimate is $61.02/tonne.

Keywords: Decatur Project, CCS costs, IBDP, projections

Suggested Citation

Greenberg, Sallie and Whittaker, Steve and Vance, Austyn and McKaskle, Ray, Projecting CCUS Project Costs Using the Illinois Basin – Decatur Project as a Cost Basis (November 25, 2022). Proceedings of the 16th Greenhouse Gas Control Technologies Conference (GHGT-16) 23-24 Oct 2022, Available at SSRN: https://ssrn.com/abstract=4286337 or http://dx.doi.org/10.2139/ssrn.4286337

Sallie Greenberg (Contact Author)

University of Illinois at Urbana-Champaign - Illinois State Geological Survey ( email )

Steve Whittaker

Illinois State Geological Survey

615 E Peabody Dr
Champaign, IL 61820
United States

Austyn Vance

Trimeric Corporation

PO BOX 826
Buda, TX 78610
United States

Ray McKaskle

Trimeric Corporation

PO BOX 826
Buda, TX 78610
United States

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