Considered by many as an essential component in the pathway to decarbonisation, carbon capture has been found to be consistently over delivering and underperforming, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
The report, The Carbon Capture Crux – Lessons Learned, assessed the performance of 13 flagship large-scale carbon capture and storage (CCS)/carbon capture utilisation and storage (CCUS) projects.
According to author Bruce Robertson, seven of these projects have underperformed, two failed, and one was mothballed.
The Schute Creek project in the US was found to have underperformed its capacity by around 36% over its lifetime, Boundary Dam in Canada by about 50%, and the Gorgon project off the coast of Western Australia by about 50% over its first five-year period.
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