Development of Technology for CO2 Separation, Capture, etc.

Development of Technology for CO2 Separation, Capture, etc.

Project Summary

Budget

Up to 38.23 billion yen

CO2 Reduction Effect (World)

In 2030
Approximately 1.6 billion tons-CO2/year
In 2050
Approximately 8.0 billion tons-CO2/year

Economic Effect (World)

In 2030
Approximately 6 trillion yen/year
In 2050
Approximately 10 trillion yen/year

Research and Development Targets

In 2030: Realize CO2 separation/capture cost of 2,000 yen level (less than 3,000 yen) per ton-CO2 for low-pressure, low-concentration gas (atmospheric pressure, CO2 concentrations no higher than 10%).

Assumptions regarding estimates of CO2 reduction effect and economic effect

CO2 Reduction Effect

  • In 2030 estimate calculated using IEA’s beyond 2℃ scenario (B2DS) which predicts captured/stored CO2 will total approximately 1.6 billion tons.
  • In 2050 estimate calculated using B2DS which predicts captured/stored CO2 will total approximately 8 billion tons.

Economic Effect

  • In 2050 estimate calculated using target/projected separation/capture cost of approximately 1,200 yen/ton-CO2× approximately 8 billion tons of CO2 (estimate of separation/capture amount used for B2DS in IEA Energy Technology Perspectives 2017).