Related Articles
CCS capture levels must be improved
Forward article link
Share PDF with colleagues

CCS needs clusters to reach scale – Wood Mac

Focus must switch away from individual parts of the value chain towards large projects to accelerate progress

Carbon capture and storage (CCS) clusters are vital in harnessing economies of scale and ensuring the technology meets the deployment levels needed to help the world meet the goals of the Paris Agreement, according to a study by consultancy Wood Mackenzie. In the IEA Sustainable Development Scenario, which is consistent with meeting the goals of the Paris Agreement, global CO₂ storage reaches 2.8gt/yr by 2050. But current CCS projects in operation are capturing only 40mn t/yr CO₂.  40mn t/yr – Amount of CO2 currently capture by CCS To accelerate progress the focus must switch away from individual parts of the CCS value chain towards large basin-wide projects, according to th

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
PE Live: Low-carbon technologies gaining momentum
30 July 2021
Green hydrogen and CCS can replicate progress of renewables but only with supportive government policy
PE Live: Transition projects need lower cost of capital
30 July 2021
Better management of project risks needed to bring down cost of capital and speed up deployment of low-carbon technologies, panellists say
Mission net zero: part three—geopolitics
30 July 2021
US-Sino tensions could hinder global co-operation on climate and divert government spending away from net-zero push
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video