Assessing the economics of CO2 capture in China's iron/steel sector: A case study

Xi Liang; Qianguo Lin; Hasan Muslemani; Ming Lei; Qiang Liu; Jia Li; Alisa Wu; Muxin Liu; Francisco Ascui

doi:10.1016/j.egypro.2019.01.886

Assessing the economics of CO₂ capture in China's iron/steel sector: A case study

Xi Liang, Qianguo Lin, Hasan Muslemani^*, Ming Lei, Qiang Liu, Jia Li, Alisa Wu, Muxin Liu, Francisco Ascui

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

Abstract

Global crude steel production reached 1.6 billion tonnes in 2015, registering an increase of 41% from 2005 levels, half of which is produced by China alone. Amongst other low-carbon technologies, Carbon Capture and Storage (CCS) is identified as a key technology that will help achieve the much-needed emission reductions in the iron/steel sector. This paper delineates a techno-economic analysis of a hypothetical first-of-its-kind CO₂ capture and storage project with a 0.5-million tonne of CO₂ per annum capture capacity, using amine capture technology, in a generic Chinese steel plant. The technical configuration of the project was modelled using the Advanced System for Process Engineering (ASPEN) accompanied by a financial model analysis. The cost of CO₂ avoidance for the modelled project with transport and storage was estimated at CNY448/tCO₂ (USD65.2/tCO₂). The cost of CO₂ avoidance is sensitive to a number of assumptions, including the discount rate and the cost of CO₂ transportation and storage. There is also potential for cost reductions in transport and storage if the project were to share infrastructure with large stationary emission sources.

Original language	English
Pages (from-to)	3715-3722
Number of pages	8
Journal	Energy Procedia
Volume	158
DOIs	https://doi.org/10.1016/j.egypro.2019.01.886
Publication status	Published - 15 Mar 2019
Event	10th International Conference on Applied Energy, ICAE 2018 - Hong Kong, China Duration: 22 Aug 2018 → 25 Aug 2018

Keywords / Materials (for Non-textual outputs)

China
CO2 capture
economics
iron/steel sector

Access to Document

10.1016/j.egypro.2019.01.886Licence: Creative Commons: Attribution-NonCommercial-NoDerivatives (CC BY-NC-ND)

LiangEtalEP2019AssessingTheEconomicsFinal published version, 664 KBLicence: CC BY-NC-ND

Unlock the Potential for Carbon Capture and Storage in the Iron and Steel Sector in China
Liang, X. (Principal Investigator), Kaesehage, K. (Co-investigator), Brander, M. (Co-investigator) & Harrison, R. (Co-investigator)
1/12/17 → 30/11/19
Project: University Awarded Project Funding

Cite this

@article{f0b5b28926af4c1f8567cf81b39cfd7a,

title = "Assessing the economics of CO2 capture in China's iron/steel sector: A case study",

abstract = "Global crude steel production reached 1.6 billion tonnes in 2015, registering an increase of 41\% from 2005 levels, half of which is produced by China alone. Amongst other low-carbon technologies, Carbon Capture and Storage (CCS) is identified as a key technology that will help achieve the much-needed emission reductions in the iron/steel sector. This paper delineates a techno-economic analysis of a hypothetical first-of-its-kind CO2 capture and storage project with a 0.5-million tonne of CO2 per annum capture capacity, using amine capture technology, in a generic Chinese steel plant. The technical configuration of the project was modelled using the Advanced System for Process Engineering (ASPEN) accompanied by a financial model analysis. The cost of CO2 avoidance for the modelled project with transport and storage was estimated at CNY448/tCO2 (USD65.2/tCO2). The cost of CO2 avoidance is sensitive to a number of assumptions, including the discount rate and the cost of CO2 transportation and storage. There is also potential for cost reductions in transport and storage if the project were to share infrastructure with large stationary emission sources.",

keywords = "China, CO2 capture, economics, iron/steel sector",

author = "Xi Liang and Qianguo Lin and Hasan Muslemani and Ming Lei and Qiang Liu and Jia Li and Alisa Wu and Muxin Liu and Francisco Ascui",

year = "2019",

month = mar,

day = "15",

doi = "10.1016/j.egypro.2019.01.886",

language = "English",

volume = "158",

pages = "3715--3722",

journal = "Energy Procedia",

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note = "10th International Conference on Applied Energy, ICAE 2018 ; Conference date: 22-08-2018 Through 25-08-2018",

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TY - JOUR

T1 - Assessing the economics of CO2 capture in China's iron/steel sector

T2 - 10th International Conference on Applied Energy, ICAE 2018

AU - Liang, Xi

AU - Lin, Qianguo

AU - Muslemani, Hasan

AU - Lei, Ming

AU - Liu, Qiang

AU - Li, Jia

AU - Wu, Alisa

AU - Liu, Muxin

AU - Ascui, Francisco

PY - 2019/3/15

Y1 - 2019/3/15

N2 - Global crude steel production reached 1.6 billion tonnes in 2015, registering an increase of 41% from 2005 levels, half of which is produced by China alone. Amongst other low-carbon technologies, Carbon Capture and Storage (CCS) is identified as a key technology that will help achieve the much-needed emission reductions in the iron/steel sector. This paper delineates a techno-economic analysis of a hypothetical first-of-its-kind CO2 capture and storage project with a 0.5-million tonne of CO2 per annum capture capacity, using amine capture technology, in a generic Chinese steel plant. The technical configuration of the project was modelled using the Advanced System for Process Engineering (ASPEN) accompanied by a financial model analysis. The cost of CO2 avoidance for the modelled project with transport and storage was estimated at CNY448/tCO2 (USD65.2/tCO2). The cost of CO2 avoidance is sensitive to a number of assumptions, including the discount rate and the cost of CO2 transportation and storage. There is also potential for cost reductions in transport and storage if the project were to share infrastructure with large stationary emission sources.

AB - Global crude steel production reached 1.6 billion tonnes in 2015, registering an increase of 41% from 2005 levels, half of which is produced by China alone. Amongst other low-carbon technologies, Carbon Capture and Storage (CCS) is identified as a key technology that will help achieve the much-needed emission reductions in the iron/steel sector. This paper delineates a techno-economic analysis of a hypothetical first-of-its-kind CO2 capture and storage project with a 0.5-million tonne of CO2 per annum capture capacity, using amine capture technology, in a generic Chinese steel plant. The technical configuration of the project was modelled using the Advanced System for Process Engineering (ASPEN) accompanied by a financial model analysis. The cost of CO2 avoidance for the modelled project with transport and storage was estimated at CNY448/tCO2 (USD65.2/tCO2). The cost of CO2 avoidance is sensitive to a number of assumptions, including the discount rate and the cost of CO2 transportation and storage. There is also potential for cost reductions in transport and storage if the project were to share infrastructure with large stationary emission sources.

KW - China

KW - CO2 capture

KW - economics

KW - iron/steel sector

U2 - 10.1016/j.egypro.2019.01.886

DO - 10.1016/j.egypro.2019.01.886

M3 - Article

AN - SCOPUS:85063897203

SN - 1876-6102

VL - 158

SP - 3715

EP - 3722

JO - Energy Procedia

JF - Energy Procedia

Y2 - 22 August 2018 through 25 August 2018

ER -

Assessing the economics of CO2 capture in China's iron/steel sector: A case study

Abstract

Keywords / Materials (for Non-textual outputs)

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Unlock the Potential for Carbon Capture and Storage in the Iron and Steel Sector in China

Cite this

Assessing the economics of CO₂ capture in China's iron/steel sector: A case study