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The Changing Role of CO 2 in the Transition to a Circular Economy: Review of Carbon Sequestration Projects

Author

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  • Pavel Tcvetkov

    (Informatics and Computer Technologies, Saint-Petersburg Mining University, Saint Petersburg 199106, Russia)

  • Alexey Cherepovitsyn

    (Department of Organization and Management, Saint-Petersburg Mining University, Saint Petersburg 199106, Russia)

  • Sergey Fedoseev

    (Luzin Institute for Economic Studies—Subdivision of the Federal Research Centre, Kola Science Centre of the Russian Academy of Sciences, Apatity 184209, Russia)

Abstract

Despite the diversity of studies on global warming and climate change mitigation technologies, research on the changing role of CO 2 in the industrial processes, which is connected with the introduction of circular economy principles, is still out of scope. The purpose of this review is to answer the following question: Is technogenic CO 2 still an industrial waste or has it become a valuable resource? For this purpose, statistical information from the National Energy Technology Library and the Global CCS Institute databases were reviewed. All sequestration projects (199) were divided into three groups: carbon capture and storage (65); carbon capture, utilization, and storage (100); and carbon capture and utilization (34). It was found that: (1) total annual CO 2 consumption of such projects was 50.1 Mtpa in 2018, with a possible increase to 326.7 Mtpa in the coming decade; (2) total amount of CO 2 sequestered in such projects could be 2209 Mt in 2028; (3) the risk of such projects being cancelled or postponed is around 31.8%; (4) CO 2 is a valuable and sought-after resource for various industries. It was concluded that further development of carbon capture and utilization technologies will invariably lead to a change in attitudes towards CO 2 , as well as the appearance of new CO 2 -based markets and industries.

Suggested Citation

  • Pavel Tcvetkov & Alexey Cherepovitsyn & Sergey Fedoseev, 2019. "The Changing Role of CO 2 in the Transition to a Circular Economy: Review of Carbon Sequestration Projects," Sustainability, MDPI, vol. 11(20), pages 1-19, October.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:20:p:5834-:d:278692
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    References listed on IDEAS

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    Cited by:

    1. Simon P. Philbin, 2020. "Critical Analysis and Evaluation of the Technology Pathways for Carbon Capture and Utilization," Clean Technol., MDPI, vol. 2(4), pages 1-21, December.
    2. Vadim Fetisov & Adam M. Gonopolsky & Maria Yu. Zemenkova & Schipachev Andrey & Hadi Davardoost & Amir H. Mohammadi & Masoud Riazi, 2023. "On the Integration of CO 2 Capture Technologies for an Oil Refinery," Energies, MDPI, vol. 16(2), pages 1-19, January.
    3. Karolina Novak Mavar & Nediljka Gaurina-Međimurec & Lidia Hrnčević, 2021. "Significance of Enhanced Oil Recovery in Carbon Dioxide Emission Reduction," Sustainability, MDPI, vol. 13(4), pages 1-27, February.
    4. Durán-Romero, Gemma & López, Ana M. & Beliaeva, Tatiana & Ferasso, Marcos & Garonne, Christophe & Jones, Paul, 2020. "Bridging the gap between circular economy and climate change mitigation policies through eco-innovations and Quintuple Helix Model," Technological Forecasting and Social Change, Elsevier, vol. 160(C).
    5. Marat M. Khayrutdinov & Vladimir I. Golik & Alexander V. Aleksakhin & Ekaterina V. Trushina & Natalia V. Lazareva & Yulia V. Aleksakhina, 2022. "Proposal of an Algorithm for Choice of a Development System for Operational and Environmental Safety in Mining," Resources, MDPI, vol. 11(10), pages 1-16, September.
    6. A. G. Olabi & Tabbi Wilberforce & Enas Taha Sayed & Nabila Shehata & Abdul Hai Alami & Hussein M. Maghrabie & Mohammad Ali Abdelkareem, 2022. "Prospect of Post-Combustion Carbon Capture Technology and Its Impact on the Circular Economy," Energies, MDPI, vol. 15(22), pages 1-38, November.
    7. Xiao, Ting & Chen, Ting & Ma, Zhiwei & Tian, Hailong & Meguerdijian, Saro & Chen, Bailian & Pawar, Rajesh & Huang, Lianjie & Xu, Tianfu & Cather, Martha & McPherson, Brian, 2024. "A review of risk and uncertainty assessment for geologic carbon storage," Renewable and Sustainable Energy Reviews, Elsevier, vol. 189(PB).
    8. Papadis, Elisa & Tsatsaronis, George, 2020. "Challenges in the decarbonization of the energy sector," Energy, Elsevier, vol. 205(C).
    9. Olga Smirnova & Liliya Kazanskaya & Jan Koplík & Hongbo Tan & Xianyue Gu, 2020. "Concrete Based on Clinker-Free Cement: Selecting the Functional Unit for Environmental Assessment," Sustainability, MDPI, vol. 13(1), pages 1-12, December.
    10. Anna Sowiżdżał & Magdalena Starczewska & Bartosz Papiernik, 2022. "Future Technology Mix—Enhanced Geothermal System (EGS) and Carbon Capture, Utilization, and Storage (CCUS)—An Overview of Selected Projects as an Example for Future Investments in Poland," Energies, MDPI, vol. 15(10), pages 1-24, May.
    11. Johannes Full & Steffen Merseburg & Robert Miehe & Alexander Sauer, 2021. "A New Perspective for Climate Change Mitigation—Introducing Carbon-Negative Hydrogen Production from Biomass with Carbon Capture and Storage (HyBECCS)," Sustainability, MDPI, vol. 13(7), pages 1-22, April.
    12. Natalia Romasheva & Alina Ilinova, 2019. "CCS Projects: How Regulatory Framework Influences Their Deployment," Resources, MDPI, vol. 8(4), pages 1-19, December.

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