CCUS (Сarbon Capture, Utilization, and Storage) - A Critical Instrument in Energy Transition (NEAH)

What is carbon capture, utilization, and storage (CCUS)? What are its pros and cons, and what role can it play in the energy transition? Find out in a discussion featuring Nicolas Zimmermann ( / nzimmermann , Founding Partner at Carbonway, hosted by Avidipto Biswas ( / avidipto-biswas-1878603a , NEAH Expert.
CCUS is a vital technology in the fight against climate change, capturing CO2 from industrial processes, power generation, and the energy sector in general, subsequently sequestering it either in geological formations or in other products that prevent its emission. While the world accelerates towards green energy, fossil fuels will still dominate in the coming decades. CCUS has a critical role as a bridge technology, effectively decarbonizing fossil fuel use and helping meet interim emission targets during the transition to a sustainable energy system. Consequently, it also reinforces energy security and economic stability.
International organizations like the IEA and the UN support CCUS for its role in achieving global climate goals. However, CCUS deployment is lagging due to various regulatory, economic, and social acceptance challenges. Understanding these barriers is essential for faster mobilization of CCUS solutions.
This discussion thoroughly examines these issues, promoting an unbiased understanding of the topic. The ways to engage smaller emitters in a CCUS market traditionally dominated by larger ones are also explored.
Guest Speaker: Nicolas Zimmermann
As Founding Partner at Carbonway, a strategic consulting and project development company, Nicolas currently helps businesses crack the Industrial decarbonization & CCUS financial nut by leveraging his infrastructure, climate, partnerships and business skills. He holds two Masters of Science and an Executive MBA from world leading universities. Prior to his present role, he worked for 15 years with governments, funding institutions like the World Bank, and private clients to deliver large industrial and climate adaptation infrastructure projects throughout the world. He notably trained Moroccan government officials on climate change in preparation for the United Nations COP22 conference. He also gained strong exposure to sensitive social, environmental, and ethical situations while working in Africa, India and living in China. Having grown up witnessing extreme climate events, his core driver is the decarbonization of the economy.
NEAH Host: Avidipto Biswas
Avidipto holds PhD in Materials Science, an MA in International Energy Affairs, 8 years of R&D experience in the oil and gas industry, and is a Project Manager in the Energy Transition domain. He has extensive experience in project portfolio management, leading Joint Industrial Programs and teams, techno-economic analysis, and the technology development cycle, including commercialization.
What is the future for CCUS? Share your opinion in the comments!
Link to presentation: drive.google.com/file/d/1xzC2...
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00:00 Introduction - to democratize carbon capture
03:56 The basics of CCUS by Nicolas Zimmermann: we need to be net negative
10:10 How much time is needed for a CCUS project, and why?
14:25 Carbon capture to keep just built coal plants
17:10 How does CCUS work? How to capture? To transport? To store? To reuse? Look at the schemes
21:10 What about enhanced oil recovery, is it also a carbon sequestration?
22:22 Where to store? Saline aquifers, principles and risks
27:29 Who are the CCUS project sponsors and stakeholders?
32:25 What is a typical scale of CCUS projects?
37:30 Are we on track with carbon capture?
40:12 Why are the most carbon capture projects to be in developing markets?
42:05 What are the greatest barriers, and why investors are not so active - 6 main risks for the CCUS from Nicolas Zimmermann
45:22 Carbon price as the most crucial factor for technology feasibility
46:32 Awareness of the CCUS technology: why it is not a greenwashing
47:42 Regulations and their difference
51:15 Is there a chance for small industries?
54:50 How much does it cost to sequester 1 ton of CO2, and what factors affect
59:00 How CCUS hubs work
1:01:00 What is a unique selling point of Carbonway?
1:06:00 How to keep good reputation of CCUS and avoid greenwashing