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CCUS Hub Model Viewed as Critical

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Carbon,Capture,Green

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.

Topics:
Carbon Capture (CCS), Emerging Technologies, CO2 Emissions
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