Enabling industrial CCS Clusters

About

It is widely considered that deployment of carbon capture and storage (CCS) for clusters of energy intensive industries (EIIs) will become vital for meeting long-term greenhouse gas (GHG) reduction targets, and is a cost effective way for doing so, according to organisations such as the International Energy Agency (IEA) and Intergovernmental Panel on Climate Change (IPCC). In addition, it will be important to develop the related finance mechanism quickly to prevent carbon leakage, i.e. businesses transferring operations to places with less stringent GHG emission standards. Recent evidence highlights there might be different needs and challenges in deployment of industrial clusters, compared to those involving power generation.

IEAGHG’s report 2015-03 “Carbon capture and storage cluster projects: review and future opportunities” reviews 12 CCS cluster projects and finds that the most successful clusters are currently based on CO2-EOR in North America. This is to be expected as EOR provides a commercial benefit to investors in such activities. IEAGHG’s new report 2018/01 ”Enabling the deployment of industrial CCS clusters” examines the economic and commercial arrangements needed to enable the global deployment of industrial CCS clusters. Over a period of eight months, with significant input from stakeholders from industry, government and the investment community, the project has identified key enablers to unlock private investment in ICCS and developed four business models, which are expected to work in various regions around the world including North America, Europe, Australia and China. This webinar will present the key findings from both reports.

Agenda

• Jasmin Kemper, IEAGHG