Global Carbon Capture and Storage Industry

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Jul 17, 2013, 06:58 ET

NEW YORK, July 17, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Global Carbon Capture and Storage Industry

http://www.reportlinker.com/p01340860/Global-Carbon-Capture-and-Storage-Industry.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Coal_energy

This report analyzes the worldwide markets for Carbon Capture and Storage in Million Tonnes.

The report provides separate comprehensive analytics for the US, and Rest of World. Annual estimates and forecasts are provided for the period 2011 through 2018.

The report profiles 98 companies including many key and niche players such as Alstom Power S.A., Archer-Daniels-Midland Company, BP plc, CCEMC Corporation, Chevron Corporation, HTC CO2 Systems Corp., Inventys Thermal Technologies, Inc., Japan CCS Co., Ltd., Maersk Oil, Petrofac Ltd., Sargas AS, Schlumberger Limited, SNC-Lavalin Group, Inc., Statoil ASA, TransAlta Corporation, and Vattenfall AB.

Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs.

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1

Disclaimers I-2

Data Interpretation & Reporting Level I-2

Quantitative Techniques & Analytics I-3

Product Definitions and Scope of Study I-3

Carbon Capture and Storage I-3

II. EXECUTIVE SUMMARY

1. OUTLOOK II-1

CCS - A Critical Technology in Greenhouse Gas Reduction II-1

Current & Future Analysis II-2

2. INDUSTRY OVERVIEW II-3

A Prelude II-3

Climate Change and the Need for Alternative Energy Sources II-3

Where Does CCS Stand in the Action Plan to Curtail Climate

Change? II-4

CCS Moves Ahead despite Hurdles II-4

Market Drivers II-5

Government Support II-5

Industrial Reuse of Captured Carbon Dioxide II-5

Improvements in Carbon Capturing and Storing Technologies II-5

Introduction of Relevant Standardizations and Legislations II-5

Public Communication II-6

Market Inhibitors II-6

High Cost of CCS II-6

Uneven Division of Capital Investments among Stakeholders II-6

Market Uncertainty II-7

Technological Uncertainty II-7

Major Operational Industrial-Scale CCS Projects II-7

Table 1: World Large-Scale CCS Projects in Operation by

Country/Region (includes corresponding Graph/Chart) II-7

Overview of Large-Scale CCS Projects in Operation II-8

Overview of Select Cancelled CCS Power Plants II-9

Pipeline Analysis II-10

Table 2: World Planned and Under-Construction Large-Scale CCS

Projects by Country/Region (includes corresponding

Graph/Chart) II-10

Major Players II-11

Competitive Overview in CO2 Capture - Major Players by Category II-11

Competitive Overview in CO2 Transport and Storage - Major

Players by Category II-11

3. TRENDS & ISSUES II-12

The Going Goes Slow for Large Scale CCS Projects II-12

The Status of CCS Technologies and Deployment II-12

CCS in Developed and Developing Countries - A Peek into Asia-

Pacific Markets II-12

Demonstration Projects Key to CCS Growth in Developing Countries II-13

List of Pilot CCS Projects Operational Worldwide II-13

International Assistance for CCS Deployment in Developing

Countries II-14

Huge Added Costs Fail to Hinder CCS Project Implementation II-14

Enhanced Oil Recovery - the Sole Use of Sold Stored Carbon

Dioxide, for Now II-15

Low Cost of Carbon Dioxide Curbing Commercial Investments

towards CCS II-15

R&D in CCS Continues II-15

List of Major R&D Players in CCS Technologies by Area II-16

Low Financing in CCS - A Major Obstacle that Needs Overcoming II-16

Investments Still Lag in CCS II-16

Table 3: A Comparison of Investments in CCS and Renewables:

2011 (includes corresponding Graph/Chart) II-17

4. PRODUCT OVERVIEW II-18

Pollution and Earth's Climate: An Introduction II-18

Criticality of Low-Carbon Technologies for Addressing Climate

Change II-18

What is Carbon Capture and Storage? II-19

Types of CCS Technologies II-19

Capture II-19

Post-Combustion II-20

Pre-Combustion II-20

Oxy-Fuel Combustion II-20

Chemical Looping Combustion II-21

Compression II-21

Transportation II-22

Storage II-22

Geological Storage II-23

Oil and Gas Reservoirs II-23

Deep Saline Formations II-23

Unmineable Coal Seams II-24

Deep Ocean Storage II-24

Mineral Storage II-25

Benefits II-25

Disadvantages II-26

Cost II-26

Leakage II-26

Earthquakes II-26

Groundwater Contamination II-26

5. RECENT INDUSTRY ACTIVITY II-27

Shell Canada Obtains Approval for Quest Project Application

from Alberta's Energy Resources Conservation Board II-27

Government of Norway Establishes Facility to Develop Carbon

Capture and Storage Technology in Mongstad II-27

Maersk Oil Secures License for Oxy-Fuel Technology from Clean

Energy Systems II-27

China Huaneng, Calera, and Peabody Energy Ink Agreement II-28

ADA Environmental Solutions and National Energy Technology

Laboratory Ink Licensing Agreement for Commercialization of

Two Sorbents II-28

Government of Alberta Signs Contracts with Enhance Energy and

Canadian Natural Resources II-28

2Co Energy Acquires Powerfuel II-29

Alstom Power Successfully Demonstrates Advanced- Amine

Technology for Pleasant Prairie Demonstration Project II-29

NRG Energy Receives Grant from United States Department of

Energy to Construct Carbon Capture Demonstration Facility in

Houston II-29

Tampa Electric Enters into Partnership with Siemens II-30

Tampa Electric Enters into Partnership with Shaw Group and RTI

International II-30

Korea Electric Power Inks Agreement with Enel II-30

Westec Environmental Solutions and Process Group Ink Joint

Venture Development Agreement II-30

Siemens and Masdar Sign Strategic Partnership Agreement II-31

Shell Inks Agreement with CO2DeepStore II-31

INPEX, BASF and JGC Sign Agreement for CO2 Capture Technology II-31

Mitsubishi Enters into Joint Venture Agreement with Scottish

and Southern Energy II-32

Denbury Resources Merges with Encore Acquisition II-32

Petrofac Takes Over CO2DeepStore II-32

Tenaska Selects Econamine FG Plus of Fluor for Large-Scale CO2

Capture II-32

CSIRO Enters into Partnership with China United Coalbed

Methane Corporation II-33

Powerfuel Power Selects Selexol™ Process of UOP for

Contaminant Control II-33

GoNano Technologies Introduces Carbon Capture and Recycle™

Technology II-33

Total Commences New Carbon Dioxide Capture Project II-33

CO2CRC Commences Pre-Combustion Carbon Dioxide Capture Study II-34

ThermoEnergy and Babcock Power Form Babcock- Thermo Carbon

Capture II-34

Italian Ministry of Economic Development Inks Clean Coal and

Carbon Sequestration Agreement with US Department of Energy II-34

Government of Saskatchewan Inks MoU with State of Montana II-35

Shenhua Group to Establish Carbon Capture and Storage Facility II-35

Alstom Group Takes Over Engineering Unit of Lummus Global II-35

Essent Enters into Partnership with RWE npower II-35

Vattenfall Acquires Nuon II-36

General Electric Bags Contract from Chevron II-36

B&W Commences Testing at Regenerable Solvent Absorption

Technology Plant II-36

Carbon Energy Enters into Agreement with ZeroGen II-36

Siemens Energy and TNO Ink Exclusive CO2 Capture Agreement II-37

University of Utah and Headwaters Enter into Joint Venture

Agreement II-37

Powerfuel Power and Calix to Form Joint Venture II-37

TransAlta Enters into Partnership with Government of Alberta

and Canada II-37

6. FOCUS ON SELECT PLAYERS II-38

Alstom Power S.A. (France) II-38

Archer-Daniels-Midland Company (US) II-38

BP plc (UK) II-38

CCEMC Corporation (Canada) II-38

Chevron Corporation (US) II-39

HTC CO2 Systems Corp. (Canada) II-39

Inventys Thermal Technologies, Inc. (US) II-39

Japan CCS Co., Ltd. (Japan) II-40

Maersk Oil (Denmark) II-40

Petrofac Ltd. (UK) II-40

Sargas AS (Norway) II-41

Schlumberger Limited (US) II-41

SNC-Lavalin Group, Inc. (Canada) II-41

Statoil ASA (Norway) II-42

TransAlta Corporation (Canada) II-42

Vattenfall AB (Sweden) II-42

7. GLOBAL MARKET PERSPECTIVE II-43

Table 4: World Recent Past, Current and Future Analysis for

Carbon Capture & Storage by Geographic Region - US and Rest of

World Markets Analyzed with Annual Operational Carbon Dioxide

Capture Capacity in Million Tonnes for Years 2011 through 2018

(includes corresponding Graph/Chart) II-43

Table 5: World 7-Year Perspective for Carbon Capture & Storage

by Geographic Region - Percentage Breakdown of Annual

Operational Carbon Dioxide Capture Capacity for US and Rest of

World Markets for Years 2012 and 2018 (includes corresponding

Graph/Chart) II-44

III. MARKET

1. THE UNITED STATES III-1

A.Market Analysis III-1

Market Overview III-1

Greenhouse Gas Emissions in the US III-1

CCS in the US - An Overview III-1

Major LSIPs in the US III-2

Overview of Select Projects III-3

Government Initiatives on CCS III-4

CCS Prospects in the US III-4

Strategic Corporate Developments III-5

Key Players III-9

B.Market Analytics III-10

Table 6: US Recent Past, Current and Future Analysis for

Carbon Capture & Storage Market Analyzed with Annual

Operational Carbon Dioxide Capture Capacity in Million

Tonnes for Years 2011 through 2018 (includes corresponding

Graph/Chart) III-10

2. REST OF WORLD III-11

A.Market Analysis III-11

Overview of Select Regional Markets III-11

Canada III-11

The Immediate Need for CCS III-11

CCS Implementation in Canada - A Perspective III-12

Canada - A World Leader in Commercial CCS Deployment III-13

Overview of Major CCS Projects in Canada III-13

Major LSIPs in Canada III-14

CCS Deployment Offers Myriad Benefits to Canada III-14

Relevance of CCS Deployment in Canadian Production and

Upgrading of Oil Sands III-14

Policy Support Benefits Canadian CCS Plans III-15

ecoENERGY Fund III-15

Clean Energy Fund Program III-15

Provincial Government Support - A Boost to CCS in Canada III-15

Japan III-16

Europe III-16

An Introduction III-16

Major LSIPs in Europe III-17

Tough Times Surround European CCS Project Plans III-18

Economic Crisis and Public Opposition Dents European CCS

Landscape III-18

Europe's CCS Initiatives III-18

The CCS Directive - Establishing a Legal Framework for

CCS in Europe III-19

Funding for CCS in the EU III-19

NER300 III-19

EEPR III-20

List of EEPR Funded Projects III-20

FP7 III-20

Spain - A Case of Failed Aspirations III-21

Need for CCS Imperative in Germany III-21

Lack of Political and Public Will - A major Hurdle to CCS

Adoption III-21

UK- A Strong Promoter of CCS Technology III-22

The Impact of Economic Crisis on UK's CCS Plans III-22

UK's Efforts in Commercializing CCS III-23

Scotland - Offering Many Carbon Storage Opportunities in

Europe III-23

France III-23

Norway III-24

Market Overview III-24

Major CCS Projects in Norway III-24

Asia-Pacific III-25

Australia III-25

Lack of Regulatory Framework for Commercial Deployment

Mars Australian CCS Space III-25

Overview of Major CCS Projects in Australia III-26

Funding Cuts - A Major Setback to CCS in Australia III-26

CCS Financing in Australia III-26

China III-27

The Need for CCS III-27

China Promises to Emerge as a Global Leader in CCS III-28

Strong Policy Support - A Boon for CCS in China III-28

Major CCS Projects in China III-29

List of Select CCS Projects in China III-29

Major Drivers of CCS in China III-30

Expanding Middle Class III-30

Rising Global Involvement in Improving China's Economic

Conditions III-30

Possible Legislations for Imposing Emission-based

Tariffs on Goods Imported from China III-30

Key Obstacles Hindering Widespread Deployment of CCS in

China III-30

Economic Potential of CCS in Comparison to Renewables

and Nuclear Power III-30

Major Participants of CCS Development in China III-31

Major Institutes and their Role III-31

India III-32

Energy Consumption and Climate Change Mitigation in India III-32

Uncertainty Continues over Adoption of CCS III-33

Feasibility of a CCS Project in India III-33

Initiatives Undertaken in India for Promotion of CCS III-34

Middle East and North Africa III-34

Strategic Corporate Developments III-35

Key Players III-43

B.Market Analytics III-47

Table 7: Rest of World Recent Past, Current and Future

Analysis for Carbon Capture & Storage Market Analyzed with

Annual Operational Carbon Dioxide Capture Capacity in

Million Tonnes for Years 2011 through 2018 (includes

corresponding Graph/Chart) III-47

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 98 (including Divisions/Subsidiaries - 108)

The United States (34)
Canada (17)
Japan (5)
Europe (40)
- France (5)
- Germany (8)
- The United Kingdom (14)
- Italy (1)
- Rest of Europe (12)
Asia-Pacific (Excluding Japan) (10)
Africa (2)