Finance

Accounting

Climate change

Business

Work (physics)

Process engineering

Biology

Risk analysis (engineering)

Macroeconomics

Engineering

Environmental economics

Capital expenditure

Capital cost

Economics

Ecology

Operating cost

Carbon capture and storage (timeline)

Computer science

Waste management

Mechanical engineering

Operating expense

Carbon Management

This work discusses methods for calculating the CO2 avoidance cost for Carbon Capture and Storage from the non-power generation industry. Unlike the power generation sector, three calculation methods are often used to evaluate the CO2 avoidance cost in the case of CCS from industrial sources. However, each of these methods relies on different assumptions of which potential users are not always aware. The links between these three methods are here presented and verified over an illustrative case to highlight the conditions that are required to ensure their reliable use, as well as their associated shortcomings. Finally, the basis to ensure the selection of the CO2 avoidance cost calculation method that is both valid and most efficient for cases considered by potential users are presented.Abbreviations: CCS, carbon capture and storage; CAPEX, capital expenditure; FCC, fluid catalytic cracker; OPEX, operating costs; TCR, total capital requirement.

Calculating CO<sub>2</sub> avoidance costs of Carbon Capture and Storage from industry

Calculating CO2 avoidance costs of Carbon Capture and Storage from industry

Calculating CO₂ avoidance costs of Carbon Capture and Storage from industry