UKCCSRC Spring 2024 Conference – Closing Keynote (ECR Meeting Fund)

Briggs Ogunedo (Cranfield University) and Lucas Joel (University of Sheffield) share their takeaways from the Closing Keynote at the UKCCSRC Spring 2024 Conference.

The UKCCSRC Spring 2024 Conference concluded on a high note with an enlightening keynote address delivered by Guloren Turan from the Global CCS Institute (GCCSI). Guloren highlighted the remarkable growth trajectory witnessed in the CCS project pipeline over the past six years. Since 2017, there has been an impressive annual growth rate exceeding 35%, resulting in a substantial increase in CO2 capture capacity. Presently, there are 49 million tonnes per annum (MTPa) of CO2 capture capacity in operation, with 41 CCS facilities operational and 26 under construction. Moreover, an additional 325 facilities are in various stages of development, indicating a robust pipeline of CCS projects. These figures, derived from the 2022 Global Status of CCS report, underscore the unprecedented momentum achieved by CCS projects in recent years, showing a 102% year-on-year increase in the number of CCS facilities in the development pipeline.

In terms of CO2 transport and storage, Guloren emphasized the emergence of more complex logistics involving pipelines, ships, railways and combinations thereof. Notably, approximately 78% of CCS facilities under construction or in development are expected to utilize dedicated geological storage solutions. Across Europe, over 100 CCS facilities are currently in development, reflecting the region’s commitment to advancing CCS policies and projects. However, the United States leads the global landscape in both project implementation and policy development.

Japan has also made significant strides in CCS development, with seven candidate projects earmarked for feasibility studies within the country and abroad. Additionally, China achieved a significant milestone with the commencement of operations at its first 1 MTPa CCUS facility in 2022. Furthermore, countries like Malaysia, Indonesia and Australia have reported progress in CCS project initiatives, further bolstering the global momentum towards decarbonization.

In conclusion, the insights shared by Guloren shed light on the remarkable growth and progress witnessed in the field of carbon capture and storage. With increasing global awareness of the urgent need to mitigate climate change, CCS projects play a pivotal role in reducing greenhouse gas emissions and transitioning towards a sustainable future. To achieve capture targets in the order of gigatonnes, the widespread adoption of CCS technologies in developing economies, coupled with ongoing policy support from governments, and international collaboration, will be crucial in accelerating the transition to a low-carbon economy and achieving climate targets on a global scale.