SS09 Putting the Pedal to the Metal: Accelerating the Pace of CCUS Development
Tuesday, 4 October
Announcements have been made to develop extremely large CO2 storage hubs worldwide within the next decade. For example, a recent project on the U.S. Gulf Coast has the goal to store more than 50 million tons per year of CO2 by 2030. This is a significant scale up of current efforts around the world, with only one project storing significantly greater than one million tons per annum. The challenge is how we as an industry are bridging the gap between the current pace of development and our ambitions to significantly reduce our carbon footprint through small and very large storage projects. In this session we will discuss the latest R&D, storage resource quantification, regulatory, and early project developments, which together are needed to accelerate delivery of our carbon reduction targets.