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Title:Creating Markets for Captured Carbon: Retrofit of Abbott Power Plant and Future Utilization of Captured CO2
Author(s):O'Brien, Kevin C.; Lu, Yongqi; Patel, Vinod; Greenberg, Sallie; Locke, Randall; Larson, Michael; Krishnamurthy, Krish R.; Byron, Makini; Naumovitz, Joseph; Guth, David S.; Bennett, Stephen J.
Subject(s):Carbon capture
Utilization market
Coal-fired power plant retrofit
Emissions goals
Geographic Coverage:Illinois
Abstract:The successful implementation of CCUS requires the confluence of technology, regulatory, and financial factors. One of the factors that impact this confluence is the ability to utilize and monetize captured CO2. The generally accepted utilization approach has been CO2-based Enhanced Oil Recovery (EOR), yet this is not always feasible and/or a preferable approach. There is a need to be able to explore a multitude of utilization approaches in order to identify a portfolio of potential utilization mechanisms. This portfolio must be adapted based on the economy of the region. In response to this need, the University of Illinois has formed a Carbon Dioxide Utilization and Reduction (COOULR) Center. The open nature of the university, coupled with a university policy to reduce CO2 emissions, provides a model for the issues communities will face when attempting to reduce emissions while still maintaining reliable and affordable power. This Center is one of the key steps in the formation of a market for captured CO2. The goal of the Center is to not only evaluate technologies, but also demonstrate at a large pilot scale how communities may be able to adjust to the need to reduce GHG emissions.
Issue Date:2017-07
Publisher:Elsevier
Citation Info:O'Brien, K.C.; Lu, Y.; Patel, V.; Greenberg, S.; Locke, R.; Larson, M.; Krishnamurthy, K.R.; Byron, M.; Naumovitz, J.; Guth D.S.; Bennett, S.J. (2017). "Creating markets for captured carbon: Retrofit of Abbott Power Plant and Future Utilization of Captured CO2." Energy Procedia 114, 1263-1272.
Presented at the 13th International Conference on Greenhouse Gas Control Technologies, GHGT-13, 14-18 November 2016, Lausanne, Switzerland
Genre:Article
Type:Text
Language:English
URI:http://hdl.handle.net/2142/98515
DOI:10.1016/j.egypro.2017.03.1380
Sponsor:Work done under U.S. Department of Energy Award Number DE-FE0026588
Rights Information:Open access under a Creative Commons License (CC BY-NC-ND 4.0)
Date Available in IDEALS:2017-11-02


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