- Jul 14, 2021 5:18 pm GMT
CARBON CLUSTERS LINKED TO STORAGE (CCLSTR) - CLUSTER HUBS : MAKES SUCCESSFUL BUSINESS MODEL
Renewables alone are not enough, to combat climate change; need CCS with new innovative business models. CCS projects span beyond oil & gas value chain to other energy intensive industry (power, steel, cement, fertilizers etc.)
𝗦𝗨𝗠𝗠𝗔𝗥𝗬 & 𝗜𝗡𝗦𝗜𝗚𝗛𝗧𝗦
Need to think beyond renewables; i.e. carbon avoidance and carbon removal. That means accelerating and upscaling of carbon capture and storage, starting now.
𝘿𝙍𝘼𝙒𝘽𝘼𝘾𝙆𝙎 𝙊𝙁 𝙀𝙓𝙄𝙎𝙏𝙄𝙉𝙂 𝘽𝙐𝙎𝙄𝙉𝙀𝙎𝙎 𝙈𝙊𝘿𝙀𝙇𝙎
Focus to date is on Regulations & Technology, but not on scaling up CCS or its business models:
1-CCS is across industries ( Capture, Transport & Storage), requires community solution by ”economies of scale.”
2-CCUS is Not “economies of scope,” i.e. focus only on a speciality (ex: capture), which is the current industry trend & focus.
𝙋𝘼𝙏𝙃 𝙏𝙊 𝙎𝙐𝘾𝘾𝙀𝙎𝙎 - 𝙉𝙀𝙒 𝘽𝙐𝙎𝙄𝙉𝙀𝙎𝙎 𝙈𝙊𝘿𝙀𝙇𝙎
1-Move to BASIN-WIDE solutions; sources & sinks (CCLSTR)
- Plants & processes can be pooled: - refineries, petrochemical, gas processing, LNG, power and metals refineries & smelters.
- The CO2 is transported en masse to geological storage sites (depleted oil or saline aquifers).
- Existing pipeline infrastructure connecting the point source to storage.
2-CCSLSTR can play a vital role in economies of scale
3-CCS LSTR/Hubs is a 3-step approach:
i) Basic Data: Science Driven - Technical & Data driven & skills
ii) Venture Shaping: Business Driven/Skill - Multiple Interfaces/coordination (complexity)
iii) Asset Development: Engineering & project management Driven/ Skills
- Basin-wide carbon capture is the quintessential complex venture problem.
- Data to screen CCLSTR opportunities gives parties common ground to advance basin-wide CCS.
- Stakeholders can use the data on specific clusters and specific assets,
- Calculate their emissions & map them to specific storage sites and right geological properties.
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