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CO 2 DeepStore

CO 2 DeepStore. “Putting something back…….”. CCS deployment in the EU: An SME perspective Sam Gomersall. Carbon Intensity. CO 2 emission figure (g/kWh). Renewables. <100. A. Coal/Gas with CCS. 100 - 250. B. Gas powergen. 250 - 500. C. 500 - 750. D. Coal powergen. 750 - 1000.

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CO 2 DeepStore

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  1. CO2DeepStore “Putting something back…….” CCS deployment in the EU: An SME perspective Sam Gomersall

  2. Carbon Intensity CO2 emission figure (g/kWh) Renewables <100 A Coal/Gas with CCS 100 - 250 B Gas powergen 250 - 500 C 500 - 750 D Coal powergen 750 - 1000 E 1000 - 1250 F Conventional oil 1250+ G

  3. SMEs in other related areas Oil & Gas • Developed previously uneconomic fields • Extended field lives of mature assets • Developed and applied innovative technology Renewables • Created most of the new technology (wind, marine, solar) • Taken the lead in project developments (Solar, Biomass, marine) SMEs have provided an important contribution in other related areas

  4. SME perspective on CCS SMEs bring; • Innovation and a fresh approach • A focus on CCS • Drive to do something early • ‘Fill the gaps’ • Create the CCS sector (growth, job creation) But may lack.. • Financial strength • Balance sheet • ‘Legislative fit’

  5. CCS players SMEs have a role to play

  6. Industry viewpointsCCS ‘interest’ Critical to our future Important but ... More study required Let’s wait & see I’m a bit busy What is CCS? NGOs Power Banks Govmt Oil & Gas

  7. CCS: Organisational philosophies • SMEs • Early phased projects • Seek out the most attractive projects • Focus only on CCS • Innovative and creative • Challenge the existing approaches Majors • Mega projects • Fit with corporate portfolio • CCS competes with other activities • Tendency to stay with what is comfortable • Reputation protection Both types of organisation are required to get CCS projects moving

  8. SME perspective • Groupthink is a blocker to CCS • CO2 storage is not just a hole in the ground • The location of new power generation facilities is not adequately considering CCS • CO2 enhanced oil recovery in the North Sea will not make CCS happen • Market conditions today should not prevent early CCS investment

  9. Closing comments • SMEs have an important contribution to make to get CCS underway • There are currently gaps in the emerging CCS marketplace which SMEs can address • Legislation and funding should support the contribution SMEs can make

  10. CO2DeepStore “Putting something back…….” CCS deployment in the EU: An SME perspective Sam Gomersall

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