Report on the global status of CCS projects released

The report titled “Strategic Analysis of the Global Status of Carbon Capture and Storage” shows that the majority of advanced projects are focussed on coal-fired power generation, recognising the need to implement solutions that address the world’s current and future use of coal in a carbon constrained environment.
The study reveals that in order to accelerate the deployment of CCS projects the world must exploit cost advantages that exist in advancing projects in developing countries such as China and India, and industries such as natural gas processing and fertiliser production in which CO2 capture is inherent in their design.
The study also confirms that greater efforts towards CCS need to be made within the cement, aluminium, iron and steel industries, given their significant contribution towards CO2 emissions.
GCCSI chief executive Nick Otter said, “We know that many of the CCS technologies are available today to be applied across a range of industries to help reduce emissions.
“This report demonstrates the need to not only deploy more projects, more quickly, but to deploy more types of projects, and in more places, so that we can learn how to design the best possible facilities, bring down costs and create a valid business case for CCS.”
Key findings of the report include:
• There are 213 active or planned projects with 101 of commercial scale – demonstrating the existence of a significant pipeline of potential projects being investigated around the world.
• There are 62 fully integrated, commercial scale projects each of which demonstrates every stage of the CCS process chain of CO2 capture, transport and storage. Seven of these projects are already operating and 55 are at various stages of progress making them potential candidates for contributing to the G8 objective.
• The leading developers of fully integrated, commercial scale projects include participants in the Europe (37 per cent), USA (24 per cent), Australia (11 per cent) and Canada (10 per cent), with distribution throughout Asia, South America and Africa relatively low.
Recommendations put forward by the report call for governments to partner with industry to address the challenges facing project success. The recommendations suggest urgent action on three major fronts:
• Actively working with the 55 active or planned fully integrated projects to improve their likelihood of success.
• Developing national strategies where absent to provide incentives to innovate or invest in CCS technology.
• Establishing a regulatory framework that assigns a value to carbon, resolves long-term storage liabilities and underwrites critical infrastructure.
“The challenge is great but governments have a unique capacity to take the leadership required to secure the energy that is needed in a carbon constrained world,” said Nick Otter.
“The Global CCS Institute is taking on this challenge every day. We now have in place the most comprehensive database of CCS projects ever created, and with our partners we will use this knowledge to fast track key projects and provide support to allow all project proponents address the barriers facing development,” he said.
The complete report ‘Strategic Analysis of the Global Status of Carbon Capture and Storage’ can be found at www.globalccsinstitute.com