Carbon Capture & Storage Factbook - Schlumberger Business ...
Carbon Capture & Storage Factbook - Schlumberger Business ...
Carbon Capture & Storage Factbook - Schlumberger Business ...
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PERSPECTIVES – PROJECTS OUTLOOK<br />
China and the Middle-East will be of prime importance for CCS, but not before<br />
the end of the decade<br />
CHINA: FOCUS ON CAPTURE, NOT ON PASSIVE<br />
CO 2 STORAGE<br />
• Enormous potential for CCS (coal power plants)<br />
• World leader in pilot-scale power CCS<br />
• R&D on capture-ready plants should drive down<br />
costs<br />
• Only interested in beneficial reuse of CO 2 (EOR,<br />
chemicals, algae biofuels…)<br />
• Could rapidly deploy CCS to reduce CO 2<br />
emissions after 2020, provided international<br />
emissions regulations are passed<br />
MIDDLE-EAST: LARGE CO 2 STORAGE AND EOR<br />
POTENTIAL<br />
• Region with the lowest abatement cost for CCS in<br />
the world (storage sites and gas-processing<br />
facilities)<br />
• Large EOR potential, with projects planned<br />
(Aramco, Masdar…)<br />
• Increasing governmental awareness of climate<br />
change in the region<br />
• Limit: energy and water penalty are still seen as<br />
burden for CCS development in the region<br />
(opportunity cost)<br />
© 2012 SBC Energy Institute. All Rights Reserved.<br />
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