SHELL – The lessons of Quest
In May 2019, Shell announced that its Quest facility in Alberta, Canada, had captured and safely stored 4 million tonnes of carbon dioxide.
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The world will need to store many gigatonnes of carbon dioxide per year as part of a broad package of solutions to get to net zero emissions. OGCI is working with industry, governments and other investors to scale up carbon capture, use and storage. We are also exploring the role OGCI can play in enhancing natural climate solutions.
How CCUS enables a net zero future
Decarbonizing industries like steel, cement and
petrochemicals
Providing low carbon gas power as a backup to renewables
Kickstarting the hydrogen economy
Creating the infrastructure for negative emissions
What OGCI is doing
CCUS is one of OGCI’s top priorities. We aim to facilitate the emergence of a commercially viable CCUS industry that can safely, permanently and responsibly store carbon dioxide on a gigatonne scale.
Our KickStarter Initiative
OGCI launched CCUS KickStarter in 2019 to facilitate large-scale commercial investment in CCUS. It aims to enable multiple low-carbon industrial hubs. These hubs will capture carbon dioxide from several industrial sources within one region and bring economies of scale by sharing transport and storage infrastructure. Our aim is to create the market conditions for CCUS to play a significant role in decarbonizing industry.
Our efforts
- Help 5 emerging hubs to reach operations, building on the work of many others
- Identify new hubs in around 25 additional countries and help mature those that are viable
- Engage with national and local governments, industrial emitters and, other investors
- Invest in anchor projects to enable hubs
- Share learnings proactively to accelerate progress
Our objectives
- Help develop the necessary market conditions for CCUS
- Facilitate large-scale commercial investment in CCUS
- Bring economies of scale by sharing transport and storage infrastructure
- Play our part in the emergence of a commercially viable, safe and environmentally responsible CCUS industry
- Facilitate the decarbonization of multiple industrial sectors
- Enable multiple low-carbon industrial hubs
What OGCI member companies are doing to accelerate CCUS
OGCI Climate Investments invests in technologies and projects that capture store or use carbon dioxide in industrial processes and power generation.
OCCIDENTAL – Getting to carbon neutrality
When Occidental announced it aspired to carbon neutrality, it pointed to CCUS projects as critical to making this vision a reality.
SHELL – Demonstrating innovative carbon capture technology
Shell’s new separation technology simultaneously meets high CO2 recovery and purity standards, at lower costs and with low to no emissions.
REPSOL – Manufacturing net zero emissions fuels
Repsol is building one of the world’s largest plants to manufacture synthetic fuels.
BP – Decarbonizing the UK’s industrial north
The UK’s first zero-carbon industrial centre took another step closer to reality with the formation of a consortium to accelerate the Net Zero Teesside project.
Climate Investments – accelerating CCUS
We invest in solutions that reduce methane emissions during the production, delivery and usage of oil and gas.
Svante
Svante aims to halve the cost of carbon capture through its breakthrough scalable technology
Solidia Technologies
Solidia has developed patented systems for producing lower-emissions cement and concrete cured with carbon dioxide rather than water
Econic
Econic uses pioneering catalyst technology to incorporate carbon dioxide as a raw material into polyols
Net Zero Teesside
Net Zero Teesside is a CCUS project, located in the North East of England, which aims to deliver the UK’s first zero-carbon industrial cluster.
Wabash Valley Resources
Wabash Valley Resources are developing a project that will capture and sequester 1.5-1.75 million tons of CO2 annually from their co-located ammonia plant, to create the world’s first ammonia produced with near zero carbon footprint.
Elk Hills Carbon LLC
Elk Hills Carbon is a CCUS project led by California Resources Corporation (CRC), the largest oil and natural gas producer in California, which will capture CO2 from a natural gas power plant.
Starwood Energy Elysian Ventures Carbon Capture Project
This joint venture is one of the world’s first large-scale commercial projects to capture CO2 from a natural gas power plant and will qualify for carbon capture incentives.