This group brings together the best thinkers on energy and climate. Join us for smart, insightful posts and conversations about where the energy industry is and where it is going.

Tariq Siddiqui's picture
COO, Upstream EP Advisors LLC

Oil & Energy | Business Development | Capital Projects | Offshore Windย - ย Proven leader in offshore development and operations, with 25+ yearsโ€™ expertise in managing business through cycles...

  • Member since 2021
  • 136 items added with 95,150 views
  • Jul 14, 2021

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.)

๐—ฆ๐—จ๐— ๐— ๐—”๐—ฅ๐—ฌ & ๐—œ๐—ก๐—ฆ๐—œ๐—š๐—›๐—ง๐—ฆ
Need to think beyond renewables; i.e. carbon avoidance and carbon removal. That means accelerating and upscaling of carbon capture and storage, starting now.

๐˜ฟ๐™๐˜ผ๐™’๐˜ฝ๐˜ผ๐˜พ๐™†๐™Ž ๐™Š๐™ ๐™€๐™“๐™„๐™Ž๐™๐™„๐™‰๐™‚ ๐˜ฝ๐™๐™Ž๐™„๐™‰๐™€๐™Ž๐™Ž ๐™ˆ๐™Š๐˜ฟ๐™€๐™‡๐™Ž
Focus to date is on Regulations & Technology, but not on scaling up CCS or itsย business models:

1-CCS is across industries ( Capture, Transport & Storage), requires community solution by โ€economies of scale.โ€

2-CCUS is Not โ€œeconomies of scope,โ€ i.e. focus only on a speciality (ex: capture), which is the current industry trend & focus.

๐™‹๐˜ผ๐™๐™ƒ ๐™๐™Š ๐™Ž๐™๐˜พ๐˜พ๐™€๐™Ž๐™Ž - ๐™‰๐™€๐™’ ๐˜ฝ๐™๐™Ž๐™„๐™‰๐™€๐™Ž๐™Ž ๐™ˆ๐™Š๐˜ฟ๐™€๐™‡๐™Ž
1-Move to BASIN-WIDE solutions; sources & sinks (CCLSTR)

  • Plants & processes can be pooled: - refineries, petrochemical, gas processing, LNG, power and metalsย refineries & smelters.
  • The CO2ย is transported en masse to geological storage sites (depleted oilย 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:
ย  ย  i) Basic Data: Science Driven - Technical & Data driven & skillsย 
ย  ย  ii) Venture Shaping:ย Business Driven/Skill - Multiple Interfaces/coordinationย (complexity)
ย  ย  iii) Asset Development: Engineering & project management Driven/ Skills

๐—•๐—ข๐—ง๐—ง๐—ข๐— ๐—Ÿ๐—œ๐—ก๐—˜ย 

  • Basin-wide carbon capture is the quintessential complex venture problem.
  • Data to screen CCLSTR opportunities gives parties common ground to advance basin-wide CCS.ย 
  • Stakeholders can use the data on specific clusters and specific assets,
  • Calculateย their emissions & mapย them to specific storage sites and right geological properties.

No discussions yet. Start a discussion below.

Tariq Siddiqui's picture
Thank Tariq for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central ยป