Episode
53

Industry Implementation of Carbon Capture Utilization and Storage (CCUS) with Richard Adamson

July 6, 2022
|
Duration:
1747301
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In This Episode:

Join energy coaches David Arkell and John Pooley, producer Lysandra Naom, and CEO of Industrial Climate Solutions (a Baker Hughes company), Richard Adamson, on an episode about industry implementation of Carbon Capture Utilization and Storage (CCUS). This episode features which industries are more likely to use CCUS, price tag, timeline, examples, and more. Check out our 360 Carbon Excellence Program here: www.carbonexcellence.com.

Highlights

  • Introduction to CCUS and its Importance: CCUS (Carbon Capture, Utilization, and Storage) is a critical technology for reducing emissions in hard-to-abate sectors. It captures CO₂ to either store underground or convert into valuable products, addressing emissions that cannot be eliminated through other methods.
  • Economic Viability of Carbon Utilization: While profitable applications, such as producing carbon nanofibers, exist, these are limited in scale. Large-scale carbon utilization faces financial challenges, as lower-margin products are harder to sustain economically.
  • Challenges with Industrial Adoption: Industries with high CO₂ concentrations, like bioethanol production, have lower capture costs and are better suited for CCUS. In contrast, capturing CO₂ from low-concentration sources, such as the atmosphere, remains cost-intensive and technically complex.
  • Factors Impacting CCUS Feasibility: Proximity to carbon storage facilities or pipelines significantly improves CCUS project feasibility and cost-effectiveness, particularly for industries with substantial CO₂ emissions.
  • Long Lead Times for Project Implementation: CCUS projects require years to develop due to regulatory hurdles, technical challenges, and public engagement, underscoring the importance of early planning and action by industries.

    • Key Insights

  • Utilization vs. Storage Balance: While carbon utilization offers economic value, its market limitations mean it cannot replace storage. Geological storage remains essential for managing large-scale emissions effectively.
  • Economic Incentives for Adoption: Industries are motivated to adopt CCUS to comply with carbon taxes, meet sustainability demands from customers, and align with regulatory requirements, offering both environmental and financial benefits.
  • Role of Carbon Concentration: The feasibility of CCUS depends on CO₂ concentration in emissions. High concentrations are cheaper and easier to capture, while low concentrations demand higher energy and investment.
  • Technological Advances in Capture Efficiency: Innovations in carbon capture technology are reducing costs, making CCUS more feasible for industrial applications, though challenges persist for some sectors.
  • Clustered Industrial Approaches: Shared infrastructure models, like the UK’s “hubs and clusters,” improve CCUS economic viability by spreading costs among multiple industries, facilitating access to carbon storage and utilization solutions.
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