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Methodology for the economic evaluation of CO2 derived materials

Methodology for the economic evaluation of CO2 derived materials Scoring the technologies in competition for the NRG Canada’s Oil Sands Innovation Alliance Carbon XPRIZE required an economic evaluation to estimate the value created through the conversion of CO2 emissions into products. Across all of the Teams participating in the competition, 58 different materials were consumed and produced. Standardized prices and market sizes needed to be established for each of these materials to ensure a consistent evaluation across all Teams. The Standards Data Set (SDS) was created as a standardized database of economic data used in the competition. The rationale for the SDS project and the methodology for researching each material is described. Ultimately, credible material definitions using the SDS methodology were created for all materials, and some research and methodological customization were required for materials that did not have credible, publicly available market data. The methodologies for establishing credible values and market sizes for concrete, concrete admixtures and syngas are highlighted as examples of materials whose value and markets are not easily defined. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Clean Energy Oxford University Press

Methodology for the economic evaluation of CO2 derived materials

12 pages

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References (3)

Publisher
Oxford University Press
Copyright
© The Author(s) 2021. Published by Oxford University Press on behalf of National Institute of Clean-and-Low-Carbon Energy
ISSN
2515-4230
eISSN
2515-396X
DOI
10.1093/ce/zkab027
Publisher site
See Article on Publisher Site

Abstract

Scoring the technologies in competition for the NRG Canada’s Oil Sands Innovation Alliance Carbon XPRIZE required an economic evaluation to estimate the value created through the conversion of CO2 emissions into products. Across all of the Teams participating in the competition, 58 different materials were consumed and produced. Standardized prices and market sizes needed to be established for each of these materials to ensure a consistent evaluation across all Teams. The Standards Data Set (SDS) was created as a standardized database of economic data used in the competition. The rationale for the SDS project and the methodology for researching each material is described. Ultimately, credible material definitions using the SDS methodology were created for all materials, and some research and methodological customization were required for materials that did not have credible, publicly available market data. The methodologies for establishing credible values and market sizes for concrete, concrete admixtures and syngas are highlighted as examples of materials whose value and markets are not easily defined.

Journal

Clean EnergyOxford University Press

Published: Oct 20, 2021

Keywords: carbon capture; CCUS; economic evaluation; market analysis; commercial viability

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