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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
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  • Jul 14, 2021
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CARBON CLUSTERSย LINKED TO STORAGE (CCLSTR) - CLUSTER HUBS : MAKES SUCCESSFUL BUSINESS MODELย 
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.
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