Working with the Full-scale CCS project in Norway we have identified four categories of valuable outcomes from the project:
- The demonstration effect: The demonstration of an industrial full-scale carbon capture and storage project is possible and safe. This can be achieved through innovative cooperation between actors in the private and public sectors.
- The cost reduction effect: The contribution to reduction of barriers and cost for future projects.
- The business development effect: The project will contribute to enable low carbon business development, by creating a “platform” for further technical, commercial and regulatory innovations related to CCS implementation. The creation of a flexible open access infrastructure with over capacity we be a in important contribution to this.
- The CO2 emissions reduction effect: Reducing up to 800.000 tonnes CO2 emissions per year.
CCS possible and safe
Through the Full-scale CCS project in Norway the aim is to demonstrate that CCS is feasible as a climate mitigation tool in terms of technology, regulations and private/public cooperation.
There are a number of CCS projects around the world that demonstrate the feasibility and safe operation of various CO2 capture, transport and injection technologies. But what is required now is the potential to scale-up, cut costs, remove commercial barriers and connect multiple sources of CO2 to a single geological storage site.
These are key elements of the Full-scale CCS project in Norway that also aims to contribute to the following effects:
- Countries and industries that have written off CCS as a climate initiative may once again add CCS into their climate action plans
- Authorities will be able to set stricter climate requirements through procurement and regulation because CCS makes possible the production of emissions-free products.
- Companies looking to position themselves in anticipation of stricter climate regulations will be able to count on CCS as a tool.
Cost reductions for upcoming projects
The Full-scale CCS project in Norway will offer lessons and experience that new CCS projects can take advantage of, lowering risk and subsequently bringing down costs.
Real world experiences also provide more targeted research which in turn can provide better and more affordable technical solutions. Such lessons will be actively shared and disseminated.
Parts of the Full-scale CCS project’s infrastructure is “open access” and will have surplus capacity, which means that the storage site can hold more CO2 than the amount generated by the first project. Sharing this infrastructure can help to ensure that future projects are more affordable. The Northern Lights consortium is responsible for the storage infrastructure and is already in dialogue with potential new users.
An available CO2 infrastructure can give emissions intensive industry new life under a stricter regulatory regime. Proximity to such infrastructure could become a competitive advantage leading to economic growth and new jobs. Waste-to-energy, cement, steel and chemical manufacturing and the production of hydrogen from natural gas, are all examples of industries that would benefit from CO2 infrastructure as regulation of their emissions increases.