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Pre-Conference Symposium CARBON CAPTURE, TRANSPORT, STORAGE AND TRADING: Building the Carbon Value Chain in North America WEDNESDAY, April 11, 2007 9:00 AM –5:00 PM
Capturing and storing carbon is considered critical for the value proposition of gasification. A national carbon tax, or carbon trading market, is likely to revolutionize the economics of the power industry, and impact power supply portfolios.
Power companies and power-purchasers need to start developing plans now for shrinking their "carbon footprint", whether by adding new technology to old PC plants, building IGCC, purchasing power from cleaner sources or trading carbon credits. Getting an early grip on the potential costs and benefits of carbon capture, transport and storage will position your firm to respond more capably if and when a carbon control is enacted.
Meanwhile, C02 sale for Enhanced Oil Recovery has been underway for three decades and offers short-term revenue for plants that can capture the carbon, whether traditional or IGCC. But how far away are the nearest potential oil or gas fields, or other geological repositories, for reinjection? How much will it cost to build pipelines, and who will build them? What kind of added siting and permitting hurdles will all this impose on new plants? For the moment, a "North American Carbon Value Chain" exists only in pieces and in blueprints, but its rapid construction will benefit all parties and create cost-saving synergies. Carbon trading will re-connect the generation, E&P and refinery sectors in innovative partnerships. This symposium will examine:
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