As CCUS projects become more developed globally, there will be more frequent requirements for long-distance and cross-border business dealings to connect players across the chain from carbon capture, transportation and storage. The success of these ventures depends on meticulous attention to local regulatory frameworks, adherence to international laws and innovation in business models, highlighting the imperative for collaborative efforts among stakeholders and governments to adeptly navigate the associated challenges. What sort of policies, financing, stakeholder engagement and economic solutions are required to realize the potential of CCUS in these situations?
Repurposing of energy assets to enable low-carbon energy projects is an increasingly common strategy across the energy sector. In upstream examples include re-use of aging facilities for hydrogen or CO2 processing and transport, or for CO2 storage in reservoirs. Downstream examples include converting refineries to produce hydrogen or biofuels / Sustainable Aviation Fuel (SAF), while in the power sector, utilizing coal or other thermal sites for renewables and desalination projects offers opportunities in some regions. Which drivers enable industry players to take advantage of their existing assets in this way? What regulatory support is most helpful? Which regions offer the most potential?