Part 6/12:
Some of the operational projects, like Chevron’s liquefied natural gas plant in Australia, have consistently underperformed in terms of CO2 capture, further showcasing the challenges associated with CCS technology. Financial viability remains a persistent hurdle, with many CCS facilities shut down due to high costs and complex requirements. The anticipated reductions in cost have not materialized, leaving the price to capture a metric tonne of CO2 fluctuating between $15 and $120—challenges compounded by the highly customized nature of CCS systems.