Development of a framework for the assessment of the market penetration of novel in situ bitumen extraction technologies

Saeidreza Radpour, Eskinder Gemechu, Md Ahiduzzaman and Amit Kumar

Energy, 2021, vol. 220, issue C

Abstract: Greenhouse gas (GHG) mitigation opportunities from emerging in situ mining technologies in oil sands production can play a role in reducing global warming. There is limited research on quantitative assessments of the penetration of emerging oil sands technology in the energy sector. This study addresses this gap by developing a novel framework (MAPL-OET) to assess the market penetration of emerging oil sands extraction technologies. The framework is robust and data-intensive as it combines diffusion models, econometrics models, cost models, and energy-economy equilibrium models. The combined model evaluates the adoption of new energy technologies resulting from carbon price measures and other economic factors, as well as the GHG mitigation potential in the oil sands sector. The accumulated GHG mitigation potential from high carbon and BAU scenarios (i.e., a carbon price of $30/tonne of CO2 in 2030, increasing at a rate of 4%/yr to reach about $105/tonne of CO2) was estimated to be 192.8 Mt of CO2 eq between 2018 and 2050. New extraction technologies also improve average energy intensities by 1.3% annually in the high carbon price scenarios. The developed new framework can help public and private organizations to achieve energy or environmental targets.

Keywords: Bitumen production; Energy efficient technology; Greenhouse gas emissions; Market penetration; Market share; Oil sands mining (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:220:y:2021:i:c:s0360544220327730

DOI: 10.1016/j.energy.2020.119666

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