Accelerated uptake of carbon capture unlocking shipping opportunity


CAPTURE


To the uninitiated, the concept of carbon capture and storage (CCS) can be hard to understand, complex, and remote even though it has been used effectively in the US energy business since the 1970s and in Norway since 1996 at the Sleipner field.


According to the Global CCS Institute, there are 41 CCS facilities in operation globally today at sites including gas power plants and chemical refineries manufacturing products such as ethanol and ammonia. And there are more than 350 new CCS facilities under development across the world, many of which are due to come online over the next few years.


And uptake is set to grow because “it’s an obvious thing to do,” John Pearson, Chief Operating Officer of Energy Transition Projects at Petrofac says. “Many sectors need CCS, but to different degrees and at a different pace, depending on what is economically viable. But if you can capture carbon at source, particularly for those hard- to-abate sectors such as cement manufacturing and waste to energy facilities, it’s a very positive process.”


Middle East oil producers


The US may have been a pioneer in CCS half a century ago, but the technology is being adopted across the world, notably by oil producing nations in the Middle East presently operating 3 facilities in the region. Last October, for example, Petrofac won a contract worth more than $600 million from Abu Dhabi National Oil Company (ADNOC) to deploy CCS infrastructure at the Habshan gas processing plant.


It is the latest in a series of CCS projects in which Petrofac is involved and will triple ADNOC’s carbon capture capacity to 2.3 million tonnes a year. The energy major has committed $15 billion to decarbonisation projects as it aims for net zero by 2045. Petrofac is also engaged in various other CCS projects globally, at different stages of engineering, such as for a cement facility in the UK, a waste to energy plant in Finland and a gas plant in Oman.


THE REPORT | DEC 2024 | ISSUE 110 | 81


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