New Technologies

CCUS Hub Model Viewed as Critical

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

The model of working within hubs to develop carbon capture, utilization and storage (CCUS) opportunities may be the key to expanding carbon capture and storage (CCS) and CCUS across the globe and in the Mideast in particular, says Boston Consulting Group (BCG) Associate Director Carl Clayton, who has studied hub opportunities in detail. He explains that a joint analysis between BCG and the Oil and Gas Climate Initiative has identified multiple potential CCS hubs around the world that pair a density of CO2 emitters with shared and local access to low-cost CO2 sequestration infrastructure. Cross-sector partnerships are especially important, according to Clayton. “CCUS hubs are large, complex capital projects that require new business models and an ecosystem of stakeholders including industrial emitters, midstream companies, clean-tech firms and multiple levels of government to succeed," he said.

Carbon Capture (CCS), Emerging Technologies, CO2 Emissions
Wanda Ad #2 (article footer)
The voluntary carbon market is a fast growing beast, and that rapid growth is attracting scrutiny that has recently grown much worse.
Wed, Jan 25, 2023
In Brussels nuclear is the energy that dare not speak its name, but it still may benefit from electricity market design changes under consideration.
Fri, Jan 27, 2023
The government has published carbon capture targets and plans to provide financial support to companies pursuing CCS projects.
Fri, Jan 27, 2023