EnergyQuest is pleased to announce the release of its detailed, independent review of Australia’s carbon capture, utilisation and storage industry.
The report, Unlocking the Potential of Carbon Capture, examines why CCUS is necessary, the key factors for successful project execution, and the current status and outlook of CCUS (including CCS) projects for Australia.
Australia is falling behind and could lose a golden opportunity in carbon capture
Australia is already home to two world class carbon capture and storage (CCS) projects – one at the Chevron operated Gorgon project, WA, and the other operated by Santos at Moomba, SA.
The report highlights CCUS as a critically important part of achieving the 2050 net-zero greenhouse gas emissions target. However, at the current pace of development, carbon capture and storage will not meet global and Australian targets in time. The window for action is closing.
Report scope and approach
The rigorously referenced report starts with the need for CCUS, and the objectives to be met. Then it looks closely at the technical challenges from a project, and particularly a subsurface point of view.
The technical review highlights five critical factors necessary for a successful CCUS project.
The report examines each of the Australian CCUS projects, and compares them against the critical success factors and to international benchmarks.
It concludes with what needs to be done and where the industry risks lie.
The 105 page report is the leading energy consultancy’s analysis of the CCUS industry and is compiled by experienced energy professionals including geologists, petroleum engineers and commercial experts.
The media release for the Unlocking the Potential of Carbon Capture report can be found in the link below.
Contact EnergyQuest if you would like to speak to the author and discuss any aspects of the report.