CO2-enhanced oil recovery and CO2 capture and storage: An environmental economic trade-off analysis

Roefs, P.; Moretti, Michele; Welkenhuysen, Kris; Piessens, Kris; Compernolle, Tine

doi:10.1016/j.jenvman.2019.03.007

Cited by 35 publications

(16 citation statements)

References 28 publications

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“…We illustrate the model developed in Section 2 using a hypothetical but realistic case study, using data from (Compernolle et al, 2017) and (Roefs et al, 2019).…”

Section: Case Studymentioning

confidence: 99%

The Role of Industrial and Market Symbiosis in Stimulating CO2 Emission Reductions

Compernolle

Thijssen

2021

Environ Resource Econ

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An increasing concern for climate change puts pressure on industrial firms to achieve carbon emission reductions. These could be realized through cooperation among firms in industrial chains, which leads to industrial symbiosis. By taking a real options approach, we make the timing component of the investment decisions explicit. This is important in assessing the impact of carbonreducing investment over a specific time-span. We show that a joint venture between a CO 2 emitting firm and a firm that can use the CO 2 will result in a higher probability that an investment in CO 2 capture will take place within a specific time period, which reduces the amount of CO 2 emitted substantially. We also show that, in addition to industrial symbiosis, cooperation between firms can benefit from "market symbiosis" as well, in the sense that investments are more likely to take place in markets that are positively correlated. This is an important result, given that the EU has set binding targets to its Member States for reducing their emissions.

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“…We illustrate the model developed in Section 2 using a hypothetical but realistic case study, using data from (Compernolle et al, 2017) and (Roefs et al, 2019).…”

Section: Case Studymentioning

confidence: 99%

The Role of Industrial and Market Symbiosis in Stimulating CO2 Emission Reductions

Compernolle

Thijssen

2021

Environ Resource Econ

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“…They noted that the risk aversion strategy should be introduced in the medium-to-long-term investment, which might lower the impact of uncertainty. The economic analysis aims to study the feasibility of strategy adjustment and upgrade in relevant energy industries, involving many fields, e.g., coal-fired efficiency [38], heat recovery and storage [39], battery storage [40], CO 2 capture [41], electricity supply with renewable energy promotion [42], drying process [43], HVAC (heating ventilation and air conditioning) [44], etc. Meanwhile, the process of energy production [45] and transmission [46] as well as the negative effects on the environment such as pollutant emission [47] and the greenhouse effect [48] should be considered.…”

Section: Energy Policy For Sustainable Developmentmentioning

confidence: 99%

“…Roefs et al [41] proposed an economic model in the CO 2 -enhanced oil recovery process. The environmental economic trade-off analysis was introduced, which is capable of estimating the global warming potential (GWP) of various CO 2 capture scenarios.…”

Section: Energy Policy For Sustainable Developmentmentioning

confidence: 99%

Recent Advances in Technology, Strategy and Application of Sustainable Energy Systems

et al. 2020

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The global COVID-19 pandemic has had strong impacts on national and international freight, construction and tourism industry, supply chains, and has resulted in a rapid decline in the demand for traditional energy sources. In fact, research has outlined that urban areas depend on global supply chains for their day-to-day basic functions, including energy supplies, food and safe access to potable water. The disruption of global supply chains can leave many urban areas in a very vulnerable position, in which their citizens may struggle to obtain their basic supplies, as the COVID-19 crisis has recently shown. Therefore, solutions aiming to enhance local food, water and energy production systems, even in urban environments, have to be pursued. The COVID-19 crisis has also highlighted in the scientific community the problem of people’s exposure to outdoor and indoor pollution, confirmed as a key element for the increase both in the transmission and severity of the contagion, on top of involving health risks on their own. In this context, most nations are going to adopt new preferential policies to stimulate the development of relevant sustainable energy industries, based on the electrification of the systems supplied by renewable energy sources as confirmed by the International Energy Agency (IEA). Thus, while there is ongoing research focusing on a COVID 19 vaccine, there is also a need for researchers to work cooperatively on novel strategies for world economic recovery incorporating renewable energy policy, technology and management. In this framework, the Sustainable Development of Energy, Water and Environment Systems (SDEWES) conference provides a good platform for researchers and other experts to exchange their academic thoughts, promoting the development and improvements on the renewable energy technologies as well as their role in systems and in the transition towards sustainable energy systems. The 14th SDEWES Conference was held in Dubrovnik, Croatia. It brought together around 570 researchers from 55 countries in the field of sustainable development. The present Special Issue of Energies, specifically dedicated to the 14th SDEWES Conference, focuses on four main fields: energy policy for sustainable development, biomass energy application, building energy saving, and power plant and electric systems.

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“…Many challenges such as storage location identification, CO 2 injection, CO 2 monitoring, financial viability, and public awareness need to be overcome to make CO 2 geological storage viable [5,6]. The introduction of enhanced oil recovery (EOR) processes has made CO 2 storage in oil reservoirs more financially viable with more demanding technical details [7,8].…”

Section: Introductionmentioning

confidence: 99%

A Visual Investigation of CO2 Convective Mixing in Water and Oil at the Pore Scale Using a Micromodel Apparatus at Reservoir Conditions

Amarasinghe

Farzaneh

Fjelde

et al. 2021

Gases

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CO2 convective mixing in water has been visualized in Hele-Shaw and PVT cell experiments but not at the pore scale. Furthermore, CO2 convective mixing in a three-phase system (i.e., CO2 in the presence of both water and oil) has not been visually investigated. A vertically placed micromodel setup was used to visualize CO2 convective mixing at 100 bar and 50 °C, representative of reservoir conditions. To the best of our knowledge, for the first time, we have visually investigated CO2 convective mixing in water at the pore scale and also CO2 convective mixing in a multiphase system (water and oil). CO2 mixing in water governed by both diffusion and convection mechanisms was observed. The vertical CO2 transport velocity was calculated to be 0.3 mm/min in both a 100% water saturation system and a residual oil-saturated system. First, CO2 always found the easiest path through the connected pores, and then CO2 was transported into less connected pores and dead-end pores. CO2 transport into dead-end pores was slower than through the preferential path. CO2 transport into water-filled ganglia with trapped oil was observed and was slower than in water.

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CO2-enhanced oil recovery and CO2 capture and storage: An environmental economic trade-off analysis

Cited by 35 publications

References 28 publications

The Role of Industrial and Market Symbiosis in Stimulating CO2 Emission Reductions

The Role of Industrial and Market Symbiosis in Stimulating CO2 Emission Reductions

Recent Advances in Technology, Strategy and Application of Sustainable Energy Systems

A Visual Investigation of CO2 Convective Mixing in Water and Oil at the Pore Scale Using a Micromodel Apparatus at Reservoir Conditions

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