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> Of the 12 commercial C.C.S. projects in operation in 2021, more than 90 percent were engaged in enhanced oil recovery, using carbon dioxide emitted from natur
by legitster 4y ago
> Of the 12 commercial C.C.S. projects in operation in 2021, more than 90 percent were engaged in enhanced oil recovery, using carbon dioxide emitted from natural gas processing facilities or from fertilizer, hydrogen or ethanol plants, according to an industry report.
Okay, but without the CO2, were the oil companies really just going to be leaving the oil in the ground? If the oil was going to be extracted anyway, it still seems like a net good to be burying C02 while they are here. I'm bringing a pretty big grain of salt to the claim that CCS increased oil production.
CCS programs failed because we do not have a realistic price for sequestering carbon. If startups were bankrupting at $35 a ton, then maybe $60 a ton is a more fair price? I don't think it's foolish to try it again.