Carbon mineralization is the most secure form of carbon
sequestration,
but the value of mineral trapping relative to those of other mechanisms
has not been quantified. Here, a techno-economic framework is developed
to determine a levelized (investment) value of mineralization (LVOM)
across a range of scenarios for CO2 capture or removal,
injection schemes, and mineralization rates. LVOM considers both the
direct value (in the form of reductions in upfront trust funds, monitoring
requirements, and postinjection site care periods) and indirect value
in the form of avoided leakage, where monetary impacts of leakage
include tax/carbon credit forfeiture, remediation costs, and adjustment
to the levelized cost of capture and injection. For a baseline mineralization
scenario ranging from 0 to 2% avoided leakage, the LVOM increases
up to $5.59/tCO2 for point-source emitters with a levelized
cost of $62/tCO2 ($85/tCO2 credit) and to $9.29/tCO2 for DAC with a levelized cost of $150/tCO2 ($180/tCO2 credit). Across all scenarios, mineralization is most valuable
for DAC facilities, which incur higher levelized costs offset by higher
carbon credits (i.e., generate higher-value CO2). This
result, combined with natural synergy between the relative location-independence
of DAC and the location-dependence of reservoirs capable of mineralization,
supports the strategic use of geologic carbon mineralization to support
negative emission pathways.