For 'slow' scenarios 1 and 2, the net amount of CO<sub>2</sub> injected (equal to CO<sub>2</sub> delivered for EOR) at each EOR field is distributed in time by assuming that each field is developed in six phases

<p><strong>Figure 7.</strong> For 'slow' scenarios 1 and 2, the net amount of CO<sub>2</sub> injected (equal to CO<sub>2</sub> delivered for EOR) at each EOR field is distributed in time by assuming that each field is developed in six phases. The six phases at each field are started at different times in order to approximate a constant need for CO<sub>2</sub> delivery that closely matches the approximately constant rate of CO<sub>2</sub>/yr captured at three base load coal-fired generation units.</p> <p><strong>Abstract</strong></p> <p>This letter compares several bounding cases for understanding the economic viability of capturing large quantities of anthropogenic CO<sub>2</sub> from coal-fired power generators within the Electric Reliability Council of Texas electric grid and using it for pure CO<sub>2</sub> enhanced oil recovery (EOR) in the onshore coastal region of Texas along the Gulf of Mexico. All captured CO<sub>2</sub> in excess of that needed for EOR is sequestered in saline formations at the same geographic locations as the oil reservoirs but at a different depth. We analyze the extraction of oil from the same set of ten reservoirs within 20- and five-year time frames to describe how the scale of the carbon dioxide capture, utilization, and storage (CCUS) network changes to meet the rate of CO<sub>2</sub> demand for oil recovery. Our analysis shows that there is a negative system-wide net present value (NPV) for all modeled scenarios. The system comes close to breakeven economics when capturing CO<sub>2</sub> from three coal-fired power plants to produce oil via CO<sub>2</sub>-EOR over 20 years and assuming no CO<sub>2</sub> emissions penalty. The NPV drops when we consider a larger network to produce oil more quickly (21 coal-fired generators with CO<sub>2</sub> capture to produce 80% of the oil within five years). Upon applying a CO<sub>2</sub> emissions penalty of 60$2009/tCO<sub>2</sub> to fossil fuel emissions to ensure that coal-fired power plants with CO<sub>2</sub> capture remain in baseload operation, the system economics drop significantly. We show near profitability for the cash flow of the EOR operations only; however, this situation requires relatively cheap electricity prices during operation.</p>