ECCO – European value Chain for CO₂

The ECCO tool for economic analysis will have a modular structure allowing multiple modules in a value chain. Different modules can then be implemented in a value chain by ‘drag and drop’.

Input parameters to the tool will be local parameters like price of oil, gas, electricity and CO₂ emissions quotas and global parameters like CO₂ capture efficiency, cost characteristics for CO₂ capture, pipe length, infrastructure, etc.

The tool will provide following functionalities:

• Evaluation of economics of a given CO₂ chain
• Modelling of incremental oil recovery as a result of CO₂ injection
• Dynamic network models of the CO₂ market
• The ability to test regulatory regime scenarios to understand and overcome market imperfections
• The re-organisation of existing equity shares
• Optimisation of possible decision paths

Examples of how the modular structure of the tool can be used to analyse different value chains are given below. All examples show different options for value chains including two CO₂ sources and one storage site, but in general the tool will be applicable for one or many CO₂ sources linked to one or many storage locations.

Icons representing different modules in the value chains below.

Case 1- Two CO₂ sources sharing one CO₂ capture plant and CO₂ transported by pipeline to the storage site.

Case 2- Two CO₂ sources with one CO₂ capture plant each and CO₂ transported by a common pipeline to the storage site.

Case 3- Two CO₂ sources with separate CO₂ capture plants and transport solutions connected to a common storage site.