Carbon Capture and Storage (CCS) has been identified as one of the most critical elements in climate change mitigation as fossil fuel is projected to remain a major energy source in the coming decades. While worldwide commercial scale deployment of CCS remains limited due to the prohibitive high cost of carbon capture, Abu Dhabi is taking the lead in implementing large scale carbon capture from Emirate Steel Industry (ESI) and Emirate Aluminum (Emal) for Enhanced Oil Recovery (EOR) executed by the Abu Dhabi National Oil Company (ADNOC) in oil production and potential permanent storage of CO2 by Masdar at suitable geological formation. This thesis develops an analytical model to evaluate various carbon capture and utilization (CCUS) strategies for Abu Dhabi under changing international natural gas price, international carbon price, and domestic demand for natural gas. The focus is on (1) identifying financially feasible industrial production, carbon capture, and EOR versus storage strategies under a given set of international natural gas and CO2 pricing regimes, and (2) identifying the drift and volatility patterns of international gas and carbon prices under which carbon capture is financially feasible for Abu Dhabi when optimal trading decisions of natural gas and carbon can be implemented at any given time. The analysis shows that, due to differences in CO2 intensity and energy penalty, CCUS is in general feasible when CO2 is captured only from ESI at high industrialproduction rate and the captured CO2 is used for EOR.
Date of Award | Jun 2013 |
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Original language | American English |
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Supervisor | I-tsung Tsai (Supervisor) |
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- CO2 Capture
- Amino Acid Salt
- Masdar
- Enhanced Oil Recovery (EOR)
- Post-combustion Carbon Capture.
Carbon Capture and Storage and Enhanced Oil Recovery: An Analysis on the Feasible Carbon Capture and Utilization Strategies for Abu Dhabi under Uncertainty
Lehssoni, M. O. E. (Author). Jun 2013
Student thesis: Master's Thesis