Shell – Driving down the cost of carbon capture
Shell is working with partners to modularize and standardize the integration of carbon capture into industrial facilities
Ahead of schedule and at a lower cost than expected, it is the largest onshore capture facility in the world with dedicated geological storage. That marks a significant step forward in demonstrating the value of carbon capture and storage as part of a global climate solution.
It is, however, the lessons that Shell has learned from getting Quest off the ground – and shared with others – that are likely to be its major legacy. Two stand out. First, costs would be around 30% less, if Quest were to be built again, providing a basis for new carbon and capture projects to be more cost-effective. Secondly, close engagement with policymakers, other industrial emitters and regional organizations is key. This ensures that oversized transport and storage infrastructure is fully used, as other emitters are incentivized and encouraged to capture and supply carbon dioxide.
That lesson is at the heart of OGCI’s KickStarter initiative designed to shift from one-off facilities to low-carbon industrial hubs – and to the emergence of an industry that can store carbon dioxide on the scale needed to meet Paris climate goals.
OGCI Climate Investments invests in technologies and projects that capture store or use carbon dioxide in industrial processes and power generation.
Shell is working with partners to modularize and standardize the integration of carbon capture into industrial facilities
Eni is leveraging existing infrastructure to scale up large-scale carbon transport and storage
Moving direct air capture technology from pilots to commercial, large-scale implementation.
Over 14 million tonnes of carbon dioxide reinjected into reservoirs, 2km below the ocean’s surface, in one of the world’s largest CCUS projects
In May 2019, Shell announced that its Quest facility in Alberta, Canada, had captured and safely stored 4 million tonnes of carbon dioxide.
When Occidental announced it aspired to carbon neutrality, it pointed to CCUS projects as critical to making this vision a reality.
Shell’s new separation technology simultaneously meets high CO2 recovery and purity standards, at lower costs and with low to no emissions.
Repsol is building one of the world’s largest plants to manufacture synthetic fuels.