The Arctic as a resource base
What’s wrong with Russia’s official documents on the Arctic.
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Publish date: July 8, 2010
Written by: Ilias Vazaios
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The Global CCS Institute report, refers to a total of 328 CCS projects, of which 238 are active or in the planning stage. 80 of these projects are identified as LSIPs, thus projects with a scale of 1 million metric tonnes per annum or greater of CO2 captured and stored, as identified by the 2009 CCS project survey. The vast majority of LSIPs are advancing in developed countries, especially North America and Europe. A few projects though are starting to surface in emerging markets such as China.
All of the eleven under construction or operating CCS projects are linked to the oil and gas sector, although 44 projects are currently planned for the power generation sector and a limited number for other sectors such as iron, steel and cement. For the 44 planned LSIPs in the power generation sector there is a fairly even split between the use of pre-combustion capture and post-combustion capture. Transport is dominated by pipeline development, while CO2 storage is split evenly between enhanced oil recovery and storage in other geological formations.
The described expansion of CCS development is driven also by a strong government pledge for the full scale implementation of projects. The report stresses that governments globally have committed to ensure up to 43 CCS projects are built by 2020, requiring funding ranging between 20.5 to 28.5 billion Euros.
Despite these positive signs added effort is needed to ensure that CCS reaches its true potential. There is still strong need for further representation of projects in developing countries and underrepresented sectors such as iron and steel and heightened effort is required around storage exploration and site characterisation, according to the report.
To access the full Global CCS Institute report click here.
What’s wrong with Russia’s official documents on the Arctic.
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