Industry Panel 1: CCUS/CCTUS: Breakthroughs in Technologies and Innovative Business Solutions
The development of carbon solutioning strategies and decarbonisation roadmaps worldwide is crucial for the energy industry to support the reduction of GHG and carbon emissions and achieve a net zero carbon future. In our collective efforts to advance low-carbon solutions, CCUS stands out as one of the most viable and important strategies that can effectively reduce global greenhouse gas emissions and reverse legacy emissions while ensuring energy security and affordability. Additionally, CCUS can provide solutions and support for other energy-intensive industries transitioning to a low-carbon energy future.
However, accelerating the adoption and realisation of CCUS/CCTUS technologies and solutions presents several multidimensional challenges. These include techno-commercial collaboration and business models, economic viability, technical complexities, policy frameworks, regulatory frameworks, carbon tax/credit structures, and public perception. Nevertheless, amidst these challenges lie opportunities for sustainable growth through novel collaborations and innovations.
This session will provide an engaging and robust platform to discuss key aspects of CCUS/CCTUS and involve various stakeholders, including hydrocarbon resource owners, carbon emitters, technology providers, investors, buyers, policymakers, and supporters. The session will focus on several key areas, including:
- Balancing the provision of affordable energy while generating revenue for sustainable growth
- Discussing regulatory platforms, policy frameworks, cross-border CO2 transport solutions, business models, financial mechanisms, tax regimes, and government support that facilitate CCUS/CCTUS deployment
- Examining the integrated value chain of CCUS, including emissions from other industries, upstream and downstream sectors, and the challenges in developing CCS/CCUS/CCTUS capturing sites, transportation/pipelines, hubs, and networks
- Exploring Measurement, Monitoring, and Verification (MMV) techniques and certification processes
- Addressing technological challenges, particularly in MMV, subsurface and wells’ aspects