Multiple business models key to CCS by 2030–CeraWeek
The emergence of diverse sequestration technologies, supported by incentives such as the US 45Q tax credits, will be essential to widespread adoption
The widespread proliferation of carbon capture and storage (CCS) over the coming decade will depend on a combination of astute government policies and private sector market developments—crucially, reducing costs—a panel of industry experts agreed at CeraWeek yesterday. “Over the next five to ten years… our hope is to see a proliferation of projects with a variety of sources, whether fossil [emissions capture] or direct air capture, and a variety of uses including sequestration or enhanced oil recovery,” said JR Rickertsen, managing director, energy corporate banking, BofA Securities. He noted that the models developed in the US are “very much” based on 45Q tax credits, whereas Europe is taki
Also in this section
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity