TradesShippingMediaAbout usContact Us
Log In / Register
Terms & Conditions

Media

Future of CCUS

•1 min read
by oilynx.com a month ago

CCUS deployment worldwide will largely depend on the following:

1. Cost reduction of CCUS technology deployment and operation

2. CCUS innovation

3. International collaboration on CCUS

CCUS offers the landscape for new economic opportunities while decarbonizing the economy. However currently it is too expensive and cost reductions are essential to encourage its wide deployment.

CCUS research, development and innovation will be vital in reducing the costs of CCUS by developing less costly and more efficient technologies and components, exploring new applications and driving innovations that reduce the CO2 transportation and storage costs.

CCUS can reduce overall system costs in the power sector by providing greater diversity in power generation options. In steel, cement, and chemicals production industries CCUS will be able to enable significant emissions reductions. Additionally, CCUS can facilitate the rapid development of low-carbon energy pathways, including hydrogen production that can be used for heating, transportation, and power generation, as well as open up new markets for low carbon and carbon-based goods.

Carbon dioxide removal (CDR) technologies such as bioenergy with CCUS and direct air capture can be accelerated with its infrastructure and know-how. According to the recent IPCC special report, several hundred gigatonnes of CDR will be needed by the end of the century if a wide range of climate actions is taken - rising to 1,000 GT if no other measures are taken.

Policymakers should provide support by implementing appropriate legal and regulatory framework in order to turn this momentum into action.

Other similar articles

International Arbitrage Hedging IN LPG Markets

This paper aims to provide an overview of different hedging strategies for Company x. Company x approached Redsleeve SA in order to get familiar with how to hedge different scenarios of international arbitrage position and to minimize financial exposure when trading lpg cargoes with different underlying pricing exposure. It is understood that all guidance and recommendations given from company Redsleeve SA to Company x are to be considered as recommendations. Redsleeve SA does not take any resp

•

2 min read

Pros and Cons of CCUS

Advantages of CCS / CCUS technologies: 1. Reducing CO2 emissions at source, in energy production and industry, which makes it an important part of tackling climate change. 2. Enabling carbon capture at large point sources as opposed to direct air capture where CO2 concentration is low. 3. CO2 could be used as alternative fuel; however, this requires further development. 4. Placing the CO2 into geothermal reservoirs for storage can help the extraction of the geothermal resource leading to the

•

1 min read

CCS and CCUS

Carbon capture and storage (CCS) is the capture and storing of carbon dioxide (CO2) before it is released into the atmosphere. It involves a three-step process, consisting of 1.       Capture. The separation of CO2 from other gases produced during electricity generation and industrial processes such as steel and cement production, as well as fertiliser production; 2.       Transport. Once captured, the CO2 is compressed and transported by ship, road or pipeline to a storage site; 3.       St

•

1 min read