Accelerating CCS Deployment in the Cement Industry

This research article evaluates the business viability of a hypothetical Carbon Capture and Storage (CCS) project within an operational cement plant in Europe. It addresses the uncertainties impacting the business case, which have historically hindered the widespread adoption of CCS in heavy industries like cement production. The study utilizes stochastic modeling to assess the economic feasibility of CCS, focusing on the influence of CO2 prices and subsidy schemes on project profitability. It highlights that anticipated CO2 prices alone are insufficient to expedite CCS deployment, indicating the need for additional economic incentives or revenue streams. The findings suggest that transforming the business model of cement companies, including the development of a market for CO2-neutral cement, could be essential for establishing a financially viable business case. The article underscores the importance of addressing uncertainties related to costs and market conditions to facilitate CCS implementation and contribute to decarbonizing the cement sector, which is crucial for achieving net-zero emissions by 2050.