Update techno-economic benchmarks for fossil fuel-fired power plants with CO₂ capture
- 1 July 2020
- Capture
- Costs of CCUS
IEAGHG updates its techno-economic studies periodically to examine the impact of developments and improvements made to core components, of changes made to system design, or when the fiscal environment may have materially altered. In the present case, benchmarks were updated for both coal-fired and natural gas-fired power plants with CCS, primarily to: Investigate the techno-economic impact of markedly increasing the capture rates to achieve near-zero CO₂ emissions; And then, in addition, to: Explore the technological and economic benefits of recent improvements that may have been made to ultra-supercritical pulverised coal (USC PC) and natural-gas combined cycle (NGCC) technologies; and Examine the benefits of flue gas recirculation in the natural gas-fired cases, and the trade-offs between efficiency and flexibility in the coal-fired cases. Benchmarks were updated against a study published in 20181, where prices were based on 3Q2016. The update study used 3Q2018 prices.