ADVERTISEMENT

Industry Continues To Make Progress on Carbon Capture

Source: Shell Photographic Services
The Quest carbon capture and storage facility in Canada is operated by Shell on behalf of the Athabasca Oil Sands Project.

Does the world really want carbon capture, utilization, and storage (CCUS)? The answer is an unequivocal “Yes,” say the International Energy Agency (IEA), the Intergovernmental Panel on Climate Change, the United Nations, and many oil and gas companies, among others. The consensus is that rapid scale-up of CCUS is essential for meeting climate and emissions targets while not crippling economic growth. As much as 450 million Mt of CO2 could be captured, used, and stored globally with a commercial incentive as low as $40/Mt, according to the IEA. Yet this potential remains largely untapped.

“It’s a chicken-and-egg problem,” said Dan Cole, vice president of commercial development and governmental relations at Denbury Resources. “To address the challenges, more projects need to be built, but more aren’t being built,” said Cole.

The reasons are many. The engineering sector is trying to scale up relatively immature technologies outside of niche projects and experiencing growing pains. Uncertainty around policy and return on investment (ROI), or lack thereof, is pushing back or halting large-scale projects. Public sentiment is pushing ever harder against carbon of any type in favor of renewable energy.

CCUS encompasses four interrelated areas, each of which face its own distinct technological, financial, and perceptual challenges.

  • Capture
  • Transportation
  • Storage
  • Use/Reuse

Fig. 1 illustrates the CCUS process.

...
This article is reserved for SPE members and JPT subscribers.
If you would like to continue reading,
please Sign In, JOIN SPE or Subscribe to JPT

Industry Continues To Make Progress on Carbon Capture

Judy Feder, Technology Editor

01 November 2019

Volume: 71 | Issue: 11

No editorial available

ADVERTISEMENT


STAY CONNECTED

Don't miss out on the latest technology delivered to your email weekly.  Sign up for the JPT newsletter.  If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.

 

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT