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- W2258096724 abstract "As New Zealand moves towards a low carbon future, carbon capture and storage (CCS) is one of a portfolio of options New Zealand could deploy to meet obligations under the Kyoto Protocol. However, undertaking a CCS project is not a cheap or simple option, and there remains questions as to its viability and the manner in which CCS might be deployed in this country. To this end the New Zealand CCS Partnership commissioned a Transfield Worley led consortia, to investigate deployment of the technology in New Zealand, specifically looking at the opportunities and risks around the technical, environmental, social, legal, and regulatory factors likely to accompany an investment decision to proceed with a CCS project. New Zealand has a number of large carbon emitting industries that could technically support CCS in the future, including those, which have CO2 absorption in their processes. This study examined two hypothetical situations, a retrofit of an existing natural gas combined cycle power plant, and a greenfield lignite conversion plant with CO2 separation. Development of these case studies was used to illustrate the risks and opportunities as well as examining the overall cost effectiveness of the solution. Overall the study showed that CCS could offer a cost effective method of reducing CO2 emissions in some circumstances. The main risks for CCS centre on identification (and thus the costs) of exploration and development of a geological formation suitable for long-term storage as well as institutional risks in bringing such a project to fruition. Although integrated CCS is in its infancy internationally, the individual components of the process are well understood and on there own present little technical risk. New Zealand, however, does not have a comprehensive legislative framework applying to CCS and this remains the greatest barrier for industry to adopt the technology." @default.
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- W2258096724 date "2012-01-01" @default.
- W2258096724 modified "2023-09-23" @default.
- W2258096724 title "CCS potential in New Zealand" @default.
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