Importance of an Integrated Asset Model in CCS Applications

26 November 2024
3:00 pm GMT | 9 am CST
1 hour

Carbon Capture and Storage (CCS) is a critical strategy in reducing greenhouse gas (GHG) emissions. However, transporting and injecting carbon dioxide (CO2) poses complex challenges in terms of risk management, economic viability, and overall project feasibility.

This webinar will explore the thermo-hydraulic relationship between surface facilities and reservoir characteristics (such as size, permeability, and porosity), which directly influence the total amount of stored CO2 and maximum achievable flow rates. As reservoir conditions evolve, and the number, type, and size of emitters fluctuate over time, this relationship plays a decisive role in determining the feasibility of a CCS project. We will also delve into how impurities within the CO2 stream introduce additional uncertainty, requiring a precise evaluation of the mixture’s physical and thermodynamic properties to account for the asset's physical constraints.

Using advanced thermo-hydraulic and thermodynamic modeling software, Maximus® and Multiflash®, we demonstrate how an  integrated asset modeling (IAM) approach can be used to design, optimize, and manage the performance of CCS hubs. By simulating case studies under different scenarios, we identify physical limitations and propose strategies to address potential challenges that could impede the long-term feasibility and sustainability of CCS projects.

Key takeaways:

  • Thermo-hydraulic connection: How surface and subsurface characteristics affect CO2 storage and flow rates
  • Impurity management: Evaluating CO2 stream impurities to mitigate risks and improve performance
  • Integrated asset modeling: Leveraging holistic models to optimize CCS design and operations
  • Feasibility strategies: Addressing physical constraints to ensure long-term CCS project sustainability