Energy Transition Outlook 2019

TR & NSITION ENERGY

Energy Transition Outlook 2019

What is CCUS?

Carbon capture involves collecting emissions during industrial or chemical processes pre- or post- combustion and then separating and purifying the carbon dioxide. The captured CO2 is then moved, by pipeline, from the facility in question through a transport network and underground storage in reservoirs or aquifers. Although CO2 has some different physical and chemical characteristics to natural gas, similar processes and assets will be needed to those in the oil and gas sector in terms of gas compression, pipeline operation and maintenance and well development.

Data from the Global CCS Institute show that around 40 million tonnes of carbon dioxide is currently being captured at 18 projects around the world with over 50 at various stages of development. Successful global projects such as Sleipner in Norway, which has captured around 1 million tonnes of CO2 per year since 1996, have demonstrated that the underlying technology is reliable and deployment ready.

Required UK carbon capture rate p.a. (CCC)

200

20 MTCO2 p.a. capacity by 2035

150

10 MTCO2 pa.capacity by 2030

75-175 MTCO2 pa. capacity by 2050

100

MTCO 2 Captured

First cluster in operation mid 2020s

50

0

2020

2030

2040

2050

30