Subscribe | Register | Log in | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
Search
Related Articles
EU sets sights on pan-European CCS network
European Commission earmarks cross-border projects for funding and fast-tracks carbon management strategy as pressure grows to kickstart CCS sector
Yara and Northern Lights in major cross-border carbon deal
Shipment of CO₂ from Dutch ammonia plant to Norwegian storage site will require bilateral agreement at government level
Adnoc and Santos collaborate on Asia-Pacific CCS
Strategic alliance includes potential development of CO₂ shipping and transportation infrastructure network in the region
US government backs BP’s Whiting storage project
DOE offers $98m to CO₂ storage project centred on oil major’s largest refinery
Wintershall buys into Poseidon CCS project
German independent expands UK CCS portfolio with purchase of 10% stake in Southern North Sea project from Carbon Catalyst
BlackRock backs DAC with $550m Stratos deal
World’s largest fund manager forms joint venture with Occidental to drive forward Texas project
CCUS: From scepticism to solutions
Technology-neutrality, collaboration and lessons from existing projects will help the industry achieve the large-scale growth the world needs
Eni claims CCS regulation breakthrough with UK deal
Head of terms agreement for HyNet North West cluster paves way for world’s first asset-based regulated CCS business
North Sea Porthos carbon storage project hits FID
Netherlands’ first major storage project sees costs more than double after two-year delay
Corporate heavyweights back Japan’s CCS push
Inpex and Mitsubishi Heavy Industries among participants in seven large-scale projects as government sets ambitious expansion targets
CCUS is critical to net zero
Carbon capture
Rob Berra
3 November 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

CCUS: From scepticism to solutions

Technology-neutrality, collaboration and lessons from existing projects will help the industry achieve the large-scale growth the world needs

As somebody who works on the delivery of CCUS projects every day, it is fair to say I am familiar with the critiques levelled at the sector. From questions of financial viability, delivery challenges and scaling-up, right through to the ‘get out of jail free’ accusation as it relates to fossil fuels, these criticisms range widely, both in their subject and ferocity. However, the conclusion of many critics—that CCUS should be resisted as an option—is outdated. To remain aligned with the IEA’s target indicator for its sustainable development scenario, 5,635mt/yr of carbon dioxide will need to be captured globally by 2050—more than total US CO₂ emissions in 2022. So, if CCUS projects are critic

Also in this section
Outlook 2024: Negative energy pricing strategies to capitalise on flexibility assets
Outlook 2024
30 November 2023
Negative pricing has become more frequent in European energy markets, and GB markets are now experiencing a similar increase
China signals ETS expansion
29 November 2023
Preparations underway for inclusion of cement, aluminium and steel producers in world’s largest compliance market by 2030
EU sets sights on pan-European CCS network
28 November 2023
European Commission earmarks cross-border projects for funding and fast-tracks carbon management strategy as pressure grows to kickstart CCS sector
The need for ambition and more action on the energy transition in tougher times
Outlook 2024
27 November 2023
Progress in decarbonisation but significant challenges lie ahead

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
;

Search