The ZeroGen project — Managing risk and uncertainty

Garnett, Andrew, Greig, Chris and Wheeler, Chris (2011). The ZeroGen project — Managing risk and uncertainty. In: J. Gale, C. F. Hendriks and Wim Turkenberg, Proceedings: 10th International Conference on Greenhouse Gas Control Technologies. 10th International Conference on Greenhouse Gas Control Technologies, Amersterdam, The Netherlands, (5631-5638). 19 - 23 September 2010. doi:10.1016/j.egypro.2011.02.554

Author Garnett, Andrew
Greig, Chris
Wheeler, Chris
Title of paper The ZeroGen project — Managing risk and uncertainty
Conference name 10th International Conference on Greenhouse Gas Control Technologies
Conference location Amersterdam, The Netherlands
Conference dates 19 - 23 September 2010
Proceedings title Proceedings: 10th International Conference on Greenhouse Gas Control Technologies   Check publisher's open access policy
Journal name Energy Procedia   Check publisher's open access policy
Place of Publication Amsterdam, The Netherlands
Publisher Elsevier
Publication Year 2011
Year available 2011
Sub-type Fully published paper
DOI 10.1016/j.egypro.2011.02.554
Open Access Status
ISSN 1876-6102
Editor J. Gale
C. F. Hendriks
Wim Turkenberg
Volume 4
Start page 5631
End page 5638
Total pages 7
Collection year 2012
Language eng
Formatted Abstract/Summary
The paper discusses managing risk and uncertainty and presents a discussion based on the engineering prefeasibility studies and storage exploratory, appraisal program. Here, just three areas of mainly technical risk and uncertainty are discussed relating to technology integration, to IGCC site choice and infrastructure and to GHG storage. Technology integration risks and uncertainties are managed primarily through carefully designed agreement structures and close-in ZeroGen engagements which enable very early information sharing, collaboration and integration between technology providers especially on mass and heat balance issues. Site choice and infrastructure are managed first by a critical technical assurance test on coal quality, followed ranking of differential NPV vs. site-specific non-financial risks using multi-criteria analysis. A distinction is made in the type and level of cost, risk and uncertainty in maturing a storage resource i.e. between lower cost, higher uncertainty storage and higher cost, relatively lower risk and uncertainty plant. For the former, the main focus is the definition and quantification of uncertainty. In the latter, risk and uncertainty reduction are the focuses and are more amenable to creative engineered and commercial solutions. This higher implicit uncertainty at the relatively low cost side of the project may lead to the development of stage gate “tests“based on confidence levels in required storage performance prior to making larger plant investment decisions.
Q-Index Code E1
Q-Index Status Provisional Code
Institutional Status Non-UQ

Document type: Conference Paper
Collection: Centre for Coal Seam Gas
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Created: Thu, 12 Mar 2015, 13:20:44 EST by Jacqueline Reynolds on behalf of Centre for Coal Seam Gas