This was a collaborative venture of seven partner companies (international oil and gas producers) plus the Electric Power Research Institute. The overall goals of the project were to increase technical and cost knowledge associated with carbon dioxide (CO2) capture technologies, to reduce CO2 capture costs by 20%–30%, to quantify remaining assurance issues surrounding geological storage of CO2, and to validate cost-effectiveness of monitoring technologies. The project was comprised of four areas: CO2 capture, storage monitoring and verification, policy and incentives, and communications. A fifth activity, in support of these four teams, was economic modeling. This third phase of the CO2 Capture Project included field demonstrations of CO2capture technologies and a series of monitoring field trials in order to obtain a clearer understanding of how to monitor CO2 in the subsurface. Third phase activities began in 2009 and were continued into 2014.
Recognized by the Carbon Sequestration Leadership Forum (CSLF) at its Beijing meeting in September 2011.
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