Using their many years of expertise within the oil and gasoline sector, three majors are transferring ahead with a challenge which can allow the transport of carbon dioxide captured from industrial websites in Norway and its storage in a reservoir under the seabed within the North Sea.
This landmark challenge is a part of a worldwide push for lowering carbon emissions, which is essential in an effort to struggle local weather change.
Burning fossil fuels by means of power manufacturing and trade emits carbon dioxide into the Earth’s ambiance which then traps the warmth and causes temperatures to rise, creating a series response of results that are jeopardizing the planet’s future.
We’ve created the issue and now we want an answer however the answer eludes us and it’s getting ever extra sophisticated as a result of variations in understanding, plain previous denial, divided liabilities, and above all as a result of prices.
Not solely have we already launched an excessive amount of CO2 into the ambiance however we preserve doing it as a result of our deeply rooted modus operandi. Should the emissions proceed at this degree, our hopes for a sustainable future is likely to be extinguished earlier than anticipated.
With tasks like this one in Norway, the change is imminent however there are nonetheless a number of years of labor forward earlier than they can create outcomes.
CCS precondition for reaching emission targets
One of the methods to sort out the worldwide local weather problem is to seize the carbon and retailer it safely underground.
The carbon seize and storage course of is taken into account a precondition for reaching local weather targets set out within the Paris Agreement.
This international settlement goals to considerably scale back international greenhouse gasoline emissions in an effort to restrict the worldwide temperature enhance on this century to 2 levels Celsius above pre-industrial ranges whereas pursuing means to restrict the rise to 1.5 levels.
The concept behind carbon storage is easy. Just like oil and gasoline are held beneath the bottom by the impermeable rock layers, the concept is for these formations to maintain the saved CO2 beneath the bottom as properly.
According to the International Energy Agency (IEA), we captured 35 million tons of CO2 from energy and industrial amenities in 2019.
However, this isn’t practically sufficient to achieve the targets of the Paris Agreement and IEA claims that CCUS in energy is properly off observe to achieve the 2030 Sustainable Development Scenario (SDS) degree of 350 MtCO2 per yr.
Using oil & gasoline data
In addition to being one of many pioneers and leaders within the oil and gasoline trade, Norway and its state-owned oil and gasoline firm Equinor have been utilizing its huge oil and gasoline data and assets and dealing for years to curb its carbon emissions by capturing and burying carbon again to the place it got here from, underground.
Norway’s Sleipner challenge, positioned within the North Sea, was the world’s first offshore carbon seize and storage plant, which has been injecting CO2 into an underground reservoir, beneath the floor since 1996.
According to Equinor, the operator of the challenge, annually about 1 million tonnes of CO2 from the pure gasoline is captured and saved at Sleipner.