- Oil and gas producer Denbury makes its case for its 300-mile plus “Green Pipeline” that transports CO2 for use in extracting more oil from old fields. University of Texas, Austin’s Carey King and colleagues have looked at the economics of using a larger network to store CO2 in underground saline aquifers.
For 314 miles from Donaldsonville, Louisiana, to Alvin, Texas a 24-inch diameter pipeline slithers under the landscape, dwarfing even the giant invasive snake species menacing the US. And while the Hastings Oil and Gas Field sits at the Texan end of the pipe, fossil fuels don’t flow along it: CO2 does. Rather than emit the greenhouse gas to the atmosphere, in Louisiana, Mosaic Phosphates Company’s Faustina Plant sends it to Texas. There the pipeline’s owner, Denbury, uses the CO2 to swill more oil out of the ageing Hastings field, leaving most of the CO2 trapped underground instead.
Denbury estimates that from 2014 it could get 10,000 tonnes of CO2 a day from industrial sources. Though that sounds a lot, it pales against the roughly 15 million tonnes the whole US emits each day. But what if Texas’ coal-fired power plants were hooked up to pipelines to both produce more oil from old fields and keep CO2 locked out of the atmosphere?
A team of University of Texas at Austin scientists have been looking at the financial details of how such a network might work. Though it could trap much more CO2 than burning the oil it gets out will emit, they find that such a scheme likely could not yet support itself. “If you capture CO2 from multiple coal-fired generators to produce oil and you want to have a net storage of CO2, the costs are still greater than the revenues,” UT Austin’s Carey King told me. “But the oil revenues do pay for the majority of the costs.”











