CO2 Price to Spur Carbon Capture Will Fall From $125, Shell Says

2014-06-02 08:53 by Anja Reitz

Technology costs for CCS are expected to fall as more pilot projects are built, pushing down the carbon price threshold, Angus Gillespie, vice president of CO2 at Shell, said today in an interview at the Carbon Expo conference in Cologne, Germany.

Shell, Europe’s biggest oil company, already bases plans for future fossil-fuel capital investments worldwide on the assumption it will have to pay $40 a ton for carbon emissions, Gillespie said. The price needed to spur CCS projects will probably be somewhere between the two figures, he said without being specific because the information is confidential.


Source: Bloomsberg, Mathew Carr, May 29, 2014 7:32 PM

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