- Update includes policy incentives and latest trends and the Playbook is now translated into 10 new languages
- CCUS Hub Playbook aids regulators, emitters and CO2 transport and storage operators seeking to decarbonize industry at scale
- OGCI works with industry, governments and other investors to scale up CCUS through hubs
JUNE 7th 2023 —The Oil and Gas Climate Initiative (OGCI) has updated the CCUS Hub Playbook, a step-by-step guide for regulators, emitters, and carbon transport and storage operators who want to build on the experience of carbon capture, utilization and storage (CCUS) hubs already in advanced development.
CCUS hubs support the infrastructure needed to transport and store multiple sources of carbon dioxide at scale. This creates significant potential to decarbonize industries and entire regions at scale and speed while protecting and creating jobs and opportunities in new low-carbon technologies.
Developing CCUS hubs is a major priority for OGCI – a CEO-led initiative of 12 of the world’s leading oil and gas companies – and the group is working with industry, government and other investors to scale up such hubs. OGCI members are involved in the development of almost 40 CCUS hubs that have the potential to capture and store around 300 million tonnes of carbon dioxide per year by 2030.
Iain McDonald, OGCI’s CCUS workstream lead said:
“The CCUS Playbook is designed to provide hands-on, non-technical information to the policymakers and executives who see CCUS hubs as a way to accelerate decarbonization, and to the carbon transport and storage solution providers emerging to support them.
“This latest update provides that knowledge, expertise and best practice to an even bigger audience – potentially resulting in greater deployment of this vital technology that will help decarbonize many harder-to-abate sectors such as steel, cement and petrochemicals. Our next update will include a section for technical experts.”
The 2023 CCUS Hub Playbook update introduces new material, including sections on policy incentives by country, an overview of how different hard-to-abate sectors are using CCUS to decarbonize and latest CCUS hub trends in the US, Europe and Asia-Pacific.
The Playbook is available to read online and download. Since its launch in March 2022, it has been used by thousands of people from around the world. To expand access, users can now access translations in 10 languages: Arabic, Chinese, French, Hindi, Indonesian, Italian, Japanese, Portuguese, Russian and Spanish.
The Playbook is part of The CCUS Hub knowledge-sharing platform that was created by OGCI and draws on the knowledge and support of many partners.
Oil and Gas Climate Initiative
The Oil and Gas Climate Initiative is a CEO-led organization bringing together 12 of the largest companies worldwide to lead the oil and gas industry’s response to climate change. It aims to accelerate action towards a net zero emissions future consistent with the Paris Agreement.
Together, OGCI member companies represent almost 30% of global oil and gas production.
OGCI members set up OGCI Climate Investments to create a US$1 billion-plus fund that invests in companies, technologies and projects that accelerate decarbonization within energy, industry, built environments and transportation. Combined, OGCI members have invested more than US$35 billion in low carbon solutions over the past five years.
OGCI members are Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and TotalEnergies.