Application of interactive threat matrix induced system dynamics model to determine risk probability and resilient policy measures for CO2 pipelines

Abstract

In the sphere of decarbonization, a comprehensive CO2 (Carbon dioxide) pipeline risk analysis framework is crucial for resilient long-term operations. Canadian Standards Association (CSA) updated regulations Z662:23 requires operators and regulatory bodies to develop quantitative risk assessment methodologies with probability and consequence analysis. Thus, this study is aimed at determining risk probability of CO2 pipelines across Canada, while developing a simulation tool for consecutive policy analysis. The process involves integration of threat matrix from real gas pipeline incident dataset, long-short term memory (LSTM) model and system dynamics (SD) simulation. Baseline simulation represents a risk probability value of 5.89 with a synthetic integrity of 55.1 % by 2055. Sensitivity analysis, calibration, scenario analysis and structural validity have been performed to check the numerical boundary adequacy, accuracy and variability of the built SD model. Among two policies simulated, Policy 2 has been found to be more resilient, as it restrained the risk probability to a value of 2.54 with an increased 77.4 % pipeline integrity. The developed methodology is a simplified risk probability analysis tool for CO₂ pipelines, with extensible features to incorporate further consequences and economic analysis.