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Costing Model for Integrated Carbon Capture and Storage (COSMIC)

Costing Model for Integrated Carbon Capture and Storage (COSMIC)

by CO2Tech

Evaluating the Financial Viability of CCS Projects

Onye Dike
Updated by Onye Dike on November 11th, 2026
COSMIC (Costing Model for Integrated Carbon Capture and Storage) is a techno-economic modelling software developed by Australia's CO2CRC and offered through its subsidiary, CO2Tech. It helps industrial operators, carbon capture and storage (CCS) project developers, consultants, investors, and government agencies estimate the costs of capturing, transporting, and permanently storing carbon dioxide. COSMIC supports financial assessments of individual CCS projects and shared infrastructure hubs involving multiple emitters. By combining engineering calculations with economic modelling, it helps users compare technology choices, infrastructure configurations, and investment requirements before committing to costly CCS developments.

Available Other Features

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Pricing

Starting Price
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Options
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Available Since

2025

Deployment Options

  • Web Browser (Cloud - Based)

Good Option For

  • Freelancers (1 person company)
  • Microbusiness (2-10 people)
  • Small Business (11-50 people)
  • Medium Business (51-250 people)
  • Large Business (250+ people)

Deep dive


Core Features

COSMIC uses a techno-economic modelling approach based on mass and energy balances, engineering cost estimates, and financial analysis. Its calculations draw on published cost data, equipment scaling methods, and CO2CRC's industry expertise. Its key functions include:

  • CO₂ Capture Technology Assessment: Evaluates different carbon capture technologies, including solvent absorption and gas separation membranes. Users can add new solvents and membranes to assess alternative capture configurations.

  • Transport and Storage Cost Optimisation: Estimates the costs of CO₂ compression, transportation, and geological injection. The model considers transport and injection costs together to identify cost-effective configurations, including the number of injection wells required.

  • CCS Hub Infrastructure Modelling: Supports the assessment of transport and storage infrastructure, including pipeline and shipping options, for projects involving shared CCS infrastructure.

  • Financial and Cash Flow Analysis: Calculates project cash flows before and after implementing CCS, including incremental cash flows. Cost estimates can be expressed in Australian dollars or other nominated currencies and adjusted to different cost years using published indices.

  • Energy Supply and Equipment Sizing: Evaluates fossil fuel and renewable energy options for powering CCS operations. Mass and energy balance calculations help determine equipment requirements, while the compression model can automatically assess compressor needs and select compressor types.

Closing Insights

COSMIC was developed by CO2CRC, an Australian not-for-profit research organisation, and is offered through its commercial subsidiary, CO2Tech. Its development draws on CO2CRC's carbon storage research, engineering expertise, and project costing data. Unlike tools focused solely on capture equipment, COSMIC evaluates costs across the CCS chain, including infrastructure shared by multiple industrial emitters. In 2025, CO2CRC published research examining how COSMIC can optimise hub configurations and commercial arrangements.

CO2Tech also offers engineering, feasibility assessment, and regulatory advisory services, allowing organisations to obtain specialist support alongside modelling. Interested organizations should contact CO2Tech for access and deployment options.


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