2024 Agenda

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Beneficial Early Adopters of Carbon Capture

27 Jun 2024
Carbon Capture, Utilization, Storage & Blue Hydrogen

The IRA has provided significant economic incentives for adopting carbon capture technologies across numerous high-emission facilities. However, developing a robust carbon market has been a struggle in securing partnerships between permanent storage locations and viable emissions sources. We developed a financial model for US facilities based on industry standard process and carbon capture technologies, accounting for unique emissions sources at different facilities. This identifies profitable partners for storage projects and provides insights on emissions reductions limitations and difficulties faced by emitters. Facilities within the same industry are exposed to varying economic outlooks for carbon capture adoption that need to be considered to drive successful source-to-sink carbon value chain development. Using this model, we can begin to build a unique perspective on potential project locations and partners well-suited for carbon capture adoption. These economically viable projects will play an essential role in developing a CCUS market, as profitable ventures take shape in the US and globally, catalyzing more widespread carbon capture adoption

Speakers
Nathan Welch, Director, Technical Resources - Pickering Energy Partners

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