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FU Lei, MA Xin, DIAO Yujie, ZHENG Bowen, ZHENG Changyuan, LIU Ting, SHAO Wei. Economic analysis of carbon storage in CO2 plume geothermal system[J]. GEOLOGY IN CHINA, 2022, 49(5): 1374-1384. DOI: 10.12029/gc20220502
Citation: FU Lei, MA Xin, DIAO Yujie, ZHENG Bowen, ZHENG Changyuan, LIU Ting, SHAO Wei. Economic analysis of carbon storage in CO2 plume geothermal system[J]. GEOLOGY IN CHINA, 2022, 49(5): 1374-1384. DOI: 10.12029/gc20220502
shu

Economic analysis of carbon storage in CO2 plume geothermal system

  • 1.

    Key laboratory of CO2 Geological Storage (Center for Hydrogeology and Environmental Geology Survey, CGS), Baoding 071051, Hebei, China

  • 2.

    Institute of Geology and Geophysics, Chinese Academy of Sciences, Beijing 100029, China

  • 3.

    Institute of the Hydrogeology and Engineering Geology of Qinghai, Xining 810008, Qinghai, China

Funds: 

the Natural Science Foundation of China 42141009

the project of China Geological Survey DD20221818

More Information
  • Author Bio:

    FU Lei, male, born in 1986, senior engineer, engaged in geothermal geology survey and evaluation; Email: fulei@mail.cgs.gov.cn

  • Corresponding author:

    MA Xin, male, born in 1986, master, senior engineer, engaged in hydrogeology, engineering and environmental geology; E-mail: maxin@mail.cgs.gov.cn

  • Received Date: August 18, 2021
  • Revised Date: March 13, 2022
  • Available Online: September 25, 2023
    Graphical Abstract
    • Abstract

  • This paper is the result of the geothermal geological survey engineering.

    Objective 

    The CO2- plume geothermal system (CPGS) can achieve geological CO2 storage during heat extraction. Under the background of carbon peaking and carbon neutralization, the economics of CPGS carbon storage attracts much attention.

    Methods 

    Taking the Quantou Formation in the Songliao Basin as example, the influence of injection pressure, well spacing and reinjection temperature on the heat extraction rate were analyzed by numerical simulation in this paper. In addition, the benefit of CPGS and the cost of carbon storage were calculated and compared with conventional hydrothermal geothermal systems.

    Results 

    Results show that the temperature of mining wells in CPGS exhibits a trend of "decrease-stabilization-decrease" due to the transformation of heat-carrying medium and thermal breakthrough. Typically, the well spacing has a significant impact on the temperature drop of the mining well. Smaller the well spacing contributes to larger temperature drop of the mining well. The heat extraction rate has a positive correlation with the reinjection pressure and a negative correlation with the reinjection temperature. The influence of well spacing on the heat extraction rate is limited. Compared with the conventional hydrothermal geothermal system, CPGS has three stages of heat recovery, namely, high, low and high stages successively. A low reinjection pressure and a close reinjection temperature with the reservoir temperature helps to shorten the time required for the CPGS to recover a similar heat energy with the water medium.

    Conclusions 

    Taking the price of CO2 and the benefits of heat extraction into account only, the well spacing has a dominating impact on the unit cost of CO2 storage after the heating revenue offsets part of the cost of carbon storage. Small well spacing contributes to quick decrease of the unit cost of CO2 storage. The unit cost of CO2 storage can be reduced to 160 yuan/ton after 30 years of continuous mining when the well spacing is 300 m.

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    • References (52)
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