Shell Sees Carbon Price of $60 to $80 Needed to Justify CCS
- Quest CCS project began commercial operations Friday
- `We will do this provided there is an economic rationale'
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Carbon capture and storage projects need a $60 to $80 price for carbon dioxide to justify building them, Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden said.
That’s more than five times the current price of C$15 ($11.27) a ton in Alberta, Canada, where the oil company began commercial operations for a CCS project Friday.