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Advanced optimization for CO2 supply chain design, considering capture, transport, utilization and geological storage decisions.

solution

cadena de suministro

industry
technology
mathematical optimization
date
2023
company
Ecopetrol
tags
A mathematical model was developed to optimize the design of the CO2 supply chain with long-term CCUS activities.

The development includes an optimization environment for decision-making, taking into account strategic and tactical decisions.

The decisions involved are:

  • Investment decisions for carbon capture plants.
  • Technology selection, location, and installation period.
  • Selection of reservoirs for CO2 EOR activities. Operating periods for each available reservoir.
  • Use of geological storage in depleted fields.
  • Selection of transport methods (pipelines, trucks, ships).
  • Sizing of transport pipelines and construction periods.
  • NPV calculation considering investments, operating expenses, and revenues.

Important points

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