Title: $30 Billion per Year to Be Spent For Carbon Capture and Sequestration

The direct expenditure to capture and sequester CO2 for the purpose of reducing greenhouse gas emissions from coal-fired power plants will be less than $30 billion/yr over the next five years. However, the expenditures for efficiency improvement from existing coal-fired boilers will result in a total market in excess of $30 billion/yr. This is the conclusion reached in the continually updated Utility CO2 Mitigation Marketspublished by the McIlvaine Company. The cost of CO2 capture, treatment, transport and sequestration more than doubles the cost of coal-fired electricity generation. The parasitic power is such that even if 90 percent of the CO2 is captured, the net reduction of CO2 per MWh is only 70 percent.

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Company  Product  Process  Other  Subjects  Event  Event  Date  Location  Publication  Publication  Date Text  Descriptor
  • McIlvaine

  • Carbon Capture

  • Carbon Sequestration






  • 2/1/2014


  • News Release