With just 19 industrial-scale CCUS projects deployed in the world, the technology needs to transform in scale to significantly assist climate change mandates. The US National Petroleum Council’s report “Meeting the Dual Challenge: A Roadmap to At-Scale Development of CCUS,” identified several areas of improvement, from policy reforms and financial incentives, infrastructure development, and technology R&D to cost-reduction for capture, compression and transport, use, storage, and EOR, as well as education and confidence in the technology. Scaling up and reducing costs of CCUS globally will be a challenge. What is the outlook for technological innovation to change the game on CCUS? Where should policy makers’ efforts be directed first to accelerate scaling it up? Who are the other key players needed to ensure progress? What role should the oil and gas industry play?
Carbon Capture, Use, and Storage (CCUS) offers the hope of earning revenue to offset at least some of the cost of carbon capture. If countries start pricing carbon emissions, this could create major commercial opportunities for innovative technologies for carbon use. Which technologies can use carbon at the huge scale required, and are they economic?
Simultaneously meeting growing demand for air transportation while drastically reducing GHG emissions has created a significant challenge for the aviation industry, with no obvious solutions. To what extent will societal change, technological advancement, and increased operational efficiency offset air transportation’s growth? Will regulation become technology-forcing? Which fuels will be the most cost and carbon competitive?