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CCS projects: the path forward
Global investments in CCS technology, including new CO2 shipping ventures, highlight industry efforts to reduce emissions and meet climate goals
Carbon capture and storage (CCS) technology is emerging as a critical component in reducing carbon dioxide emissions, especially in the oil and gas industry. Several key projects worldwide are setting the stage for CCS to become an integral part of energy strategies, helping industries meet global climate goals.
The Northern Lights project in Norway exemplifies the collaborative effort needed to establish a CO2 transport and storage network. Set to begin operations in 2024, this project aims to capture and store up to 1.5M tonnes of CO2 annually. Similarly, the Alberta Carbon Trunk Line in Canada is operational, boasting a significant capacity of 14.6M tonnes of CO2 per year. This project underscores the potential for CCS to support enhanced oil recovery while reducing emissions.
“This project underscores the potential for CCS to support enhanced oil recovery while reducing emissions”
In Australia, the Gorgon CO2 Injection Project is one of the largest CCS projects globally, integral to the broader Gorgon gas development. The project, which has been operational for several years, captures approximately 4M tonnes of CO2 annually.
Quest CCS, operated by Shell in Canada, captures CO2 from oil sands operations, emphasising the role of CCS in cleaner extraction processes. Similarly, the Acorn CCS project in the UK plans to repurpose existing oil and gas infrastructure for CO2 storage, aiming for a capacity of 5M tonnes annually by 2027.
| Selection of Carbon Capture and Storage (CCS) projects | |||
| Project Name | Location | CCS Capacity (MtCO2/year) | Projected Start Date |
| Northern Lights | Norway | 1.5 | 2024 |
| Alberta Carbon Trunk Line | Canada (Alberta) | 14.6 | Operational |
| Gorgon CO2 Injection Project | Australia (Western) | 4 | Operational |
| Quest CCS | Canada (Alberta) | 1.2 | Operational |
| Petra Nova | USA (Texas) | 1.4 | Operational (Suspended) |
| Acorn CCS | UK (Scotland) | 5 | 2027 |
| Porthos | Netherlands (Rotterdam) | 2.5 | 2026 |
| BlueStreak CO2 Project | USA (Gulf of Mexico) | 3 | 2025 |
| Source: Riviera 2024 | |||
In Southeast Asia, a surge of over US$100Bn in final investment decisions (FIDs) is expected to drive offshore gas production by 2028, with CCS playing a pivotal role. Projects in Malaysia and Indonesia aim to use depleted reservoirs for CO2 storage, aligning with new gas developments. This integration of CCS is seen as crucial for balancing economic growth with environmental responsibilities.
Some of these CCS projects, like Northern Lights, have integral shipping logistics. The latest CO2 shipping project to be announced is the joint venture between Navigator Gas and Bumi Armada. This venture aims to establish a fleet for transporting liquefied CO2, partnering with Uniper to support decarbonisation efforts through maritime logistics.
The collaboration seeks to establish a comprehensive CO2 value chain, from capture to storage, supporting broader greenhouse gas reduction goals. Uniper’s Grain facility, aiming for carbon neutrality by 2040, views this as a key step in transforming its operations.
“This collaboration will play an important role in helping to identify a shipped solution to safely transfer the captured CO2 from Grain for permanent offshore storage. Flexible CO2 transport solutions are needed to decarbonise essential industrial processes, which are not close to pipeline and subsea storage locations and will be critical to get first-of-a-kind non-pipeline projects like Grain Carbon Capture into operation,” Uniper’s UK country chairman, Mike Lockett, said.
Speaking at Riviera’s CO2 Shipping & Terminals Conference 2024, Navigator Gas business development lead for CO2 shipping, Nina Lynn, said the Bluestreak CO2 joint venture was in talks with Uniper and the company will be able to offer shipping along with floating buffer storage at both the capture site and at the final storage site, as well as injection to depleted reservoirs.
"The Bluestreak assets will be re-deployable to other locations if needed, reducing the risk of stranded assets and enabling that flexibility," Ms Lynn said, discussing the company’s envisioned assets, including vessels.
Riviera’s CO2 Shipping, Terminals & CCS Conference, Americas will be held in Houston, Texas 16 September 2024. Click here to register your interest in this industry-leading event.
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