CCS from the gas-fired power station at Kårstø? A commercial analysis

The article presents a commercial investment analysis of the carbon capture project at theKårstø gas processing plant in south-western Norway. We update an earlier analysis andcritically review the methods used including those applied for cost estimating. Ourconclusion is that carbon capture and storage (CCS) at Kårstø would be a very unprofitableclimate measure with poor cost efficiency. It would require more than USD 1.7 billion2 insubsidies, or in excess of USD 133 million per year. That corresponds to a subsidy of roughlyUSD 0.1 per kilowatt-hour on the power station s electricity output...