Economic feasibility and sensitivity analysis of integrating industrial-scale mineral carbonation into mining operations

Minerals Engineering

Volumn 39, Issue , 2012, Pages 268-275

  Hitch, Michael ^a   Dipple, G M ^a  

^a UNIVERSITY OF BRITISH COLUMBIA   (Canada)

Author keywords

CO 2 sequestration; Industrial carbon sequestration; Mineral carbonation; Mining

Indexed keywords

CARBON CREDITS; CARBON EMISSIONS; CARBON REDUCTION; CARBON SEQUESTRATION; DISCOUNT RATES; ECONOMIC FEASIBILITIES; FINANCIAL MODELING; GEOLOGICAL CONDITIONS; HIGH TEMPERATURE AND PRESSURE; INDUSTRIAL MINERAL; MINERAL CARBONATION; MINING OPERATIONS; NET PRESENT VALUE; REVENUE STREAMS; SIGNIFICANT IMPACTS; WASTE ROCKS;

CARBON; COMMERCE; ECONOMIC ANALYSIS; INDUSTRY; MINING; SENSITIVITY ANALYSIS; SILICATE MINERALS;

CARBON DIOXIDE;

EID: 84867131176     PISSN: 08926875     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.mineng.2012.07.007     Document Type: Article

References (40)

1. Ballantyne, S.M.; Hitch, M. 2009. A review of mineral carbon sequestration: technical expectations and its potential roles in carbon management policies. In: 11th International Symposium on Environmental Issues and Waste Management in Energy and Mineral Production, Banff, Alberta, Canada. Organized by International Journal of Mining, Reclamation and Environment, November 16-19, 2009.
2. H. Béarat, M.J. McKelvy, A.V.G. Chizmeshya, R. Sharma, and R.W. Carpenter Magnesium hydroxide dehydroxylation/carbonation reaction process: implications for carbon dioxide mineral sequestration J. Am. Ceram. Soc. 85 4 2002 742 748
3. H.F. Campbell, and R.P.C. Brown Benefit-Cost Analysis: Financial and Economic Appraisal Using Spreadsheets 2003 Cambridge University Press New York, NY
4. 2 sequestration in serpentinite aquifers Appl. Geochem. 19 2004 787 802
5. Gerdemann, S.J.; Dahlin, D.C.; O'Connor, W.K.; Penner, L.R.; Rush, G.E. 2004. Ex-Situ and In-Situ Mineral Carbonation as a Means to Sequester Carbon Dioxide. A report produced by the Albany Research Centre for the U.S. Department of Energy.
6. S.J. Gerdemann, W.K. O'Connor, D.C. Dahlin, L.R. Penner, and H. Rush Ex situ aqueous mineral carbonation Environ. Sci. Technol. 41 7 2007 2586 2593
7. F. Goff, and K.S. Lackner Carbon dioxide sequestering using ultramafic rocks Environ. Geosci. 5 3 1998 89 101
8. Government of Canada, 2009. Achieving 2050: A Carbon Pricing Policy for Canada. A report produced by the National Round Table on the Environment and the Economy.
9. Herzog, 2002. Carbon Sequestration via Mineral Carbonation: overview and Assessment. A report produced by the MIT Laboratory for Energy and the Environment for the Carbon Sequestration Initiative.
10. M. Hitch, S.M. Ballantyne, and S.R. Hindle Revaluing mine was rock for carbon capture and storage Int. J. Min. Reclam. Environ. 2009 1 16
11. Huijgen, W.J.J.; Comans, R.N.J.; 2005. Carbon dioxide sequestration by mineral carbonation: Literature Review Update 2003-2004. A report prepared by the Energy Research Centre of the Netherlands.
12. 2 sequestration by aqueous mineral carbonation Energy Convers. Manage. 48 7 2007 1923 1935
13. IPCC, B. Metz, O. Davidson, H. de Coninck, M. Loos, and L. Meyer Carbon Dioxide Capture and Storage 2005 Cambridge University Press Cambridge, UK
14. H.M. Karling Global Climate Change Revisited 2007 Nova Science Publishers, Inc. New York, NY
15. Kohlmann, J.; Zevenhoven, R.; Mikherjee, A.B, 2002. Carbon dioxide emission control by mineral carbonation: the option for Finland. In: Proceedings of the INFUB 6th European Conference on Industrial Furnaces and Boilers, Lisbon, Portugal.
16. K.S. Lackner Carbonate chemistry for sequestering fossil carbon Annu. Rev. Energy Env. 27 2002 193 232
17. K. Lackner, C. Wendt, D. Butt, E. Joyce Jr.; and D. Sharp Carbon dioxide disposal in carbonate minerals Energy 20 1995 1153 1170
18. Lackner, K.S.; Duby, P.F.; Yegulalp, T.; Krevor, S.; Graves, C. 2008. Integrating Steel Production with Mineral Carbon Sequestration. A report produced by the American Iron and Steel Institute, Pittsburgh, PA, for the U.S. Department of, Energy. May 2008.
19. W. Lasher Practical Financial Management 2008 Thompson South-Western Mason, OH
20. Lyons, J.L.; Berkshire, L.H.; White, C.W.; 2003. Mineral Carbonation Feasibility Study. A report produced by the National Energy Technology Laboratory.
21. 2 Storage as Carbonate Minerals. An IEA Greenhouse Gas R&D Programme Report.
22. T.E. Norgate, S. Jahanshahi, and W.J. Rankin Assessing the environmental impact of metal production processes J. Clean. Prod. 15 8-9 2007 838 848
23. 2 sequestration. In: Proceedings of the 27th International Technical Conference on Coal Utilization, Clearwater, FL.
24. O'Connor, W.K.; Dahlin, D.C.; Rush, G.E.; Gerdemann, S.J.; Penner, L.R.; 2004. Energy and economic evaluation of ex situ aqueous mineral carbonation. In: Proceedings of the 7th International Conference on Greenhouse Gas Control Technologies, Vancouver, BC.
25. O'Connor, W.K.; Dahlin, D.C.; Rush, G.E.; Gerdemann, S.J.; Penner, L.R.; Nilsen, D.N. 2005. Aqueous mineral carbonation: mineral availability, pretreatment, reaction parametrics and process studies. A report produced by the Albany Research Centre for the U.S. Department of Energy.
26. Organisation for Economic Co-Operation and Development (OECD), 2004. Measuring Sustainable Development: Integrated Economic, Environmental and Social Frameworks. Paris, France. OECD Publishing.
27. C. Park, R. Pelot, K.C. Porteous, and M.J. Zuo Contemporary Engineering Economics: A Canadian Perspective 2001 Pearson Education Canada, Inc. Toronto, ON
28. Penner, L.; O'Connor, W.K.; Dahlin, D.C.; Gerdemann, S.; Rush, G.E.; 2004. Mineral Carbonation: Energy Costs of Pretreatment Options and Insights Gained from Flow Loop Reaction Studies. A report produced by the Albany Research Centre for the U.S. Department of Energy.
29. Rock, R.; 2007. An Evaluation of Mineral Carbonation as a Method for Sequestration of Carbon Dioxide. MES (Master of Environmental Studies) Thesis, The Evergreen State College at Olympia, Washington.
30. A. Saltelli, S. Tarantola, F. Campolongo, and M. Ratto Sensitivity Analysis in Practice. A Guide to Assessing Scientific Models 2004 John Wiley & Sons, Ltd. Chichester, England
31. E.S. Schwartz, and L. Trigeorgis Real Options and Investment under Uncertainty: Classical Readings and Recent Contributions 2004 MIT Press Cambridge, MA
32. 2 disposal by means of silicates Nature 345 1990 486
33. J.B. Skjærseth, and J. Wettestad Implementing EU emissions trading: success or failure? Int. Environ. Agreements Polit. Law. Econ. 8 3 2008 275 290
34. J.k. Stolaroff, G.V. Lowry, and D.W. Keith Using CaO- and MgO- rich industrial waste streams for carbon sequestration Energy Convers. Manage. 46 2005 687 699
35. D.F. Victor, and J.C. House A new currency climate change and carbon credits Harvard Int. Rev. 26 2 2004
36. 2 sequestration options: a technical review Geosci. Canada. 31 1 2004 11 22
37. Western Climate Initiative, 2010. < http://www. westernclimateinitiative.org >.
38. S.A. Wilson, M. Raudsepp, and G.M. Dipple Verifying and quantifying carbon fixation in minerals from serpentine-rich mine tailings using the Rietveld method with X-ray powder diffraction data Am. Mineral. 91 8-9 2006 1331 1341
39. T.M. Yegulalp, K.S. Lackner, and H.J. Ziock A review of emerging technologies for sustainable use of coal for power generation Int. J. Surf. Min. Reclam. Environ. 15 1 2001 52 68
40. 2 in carbonates: routes to valuable products and long-term storage Catal. Today 115 1-4 2006 73 79