Global CCS Institute launches 2021 Report on carbon capture progress
The Global CCS Institute has launched its 2021 annual report, highlighting the criticality of the CCS contribution needed for the climate change challenge. There are now 27 operational facilities with a capacity of 40 million tonnes per annum with 106 new facilities are in the pipeline. However, total capacity of 5,600 mtpa, over 100 times current, will be needed by 2050, requiring an estimated US$1 billion investment.
The Middle East now has 3 facilities at Ras Laffan (gas liquefaction in Qatar), Al Reyadah (steel production/EOR in UAE) and Hawiyah (NGLs production/EOR in Saudi Arabia) with a capacity of 3.7 mtpa, almost 10% of global capacity.
According to the report, “the GCC is poised for significant take-off over in CCS activity over the next 10 years.” CO2 emissions are currently estimated at 488 mtpa across the GCC: CCS capacity is therefore at less than 1% of emissions, marking the challenge and the scale of the opportunity.
Hugh Fraser International has been pleased to support the establishment of Global CCS Institute at MASDAR City Free Zone in Abu Dhabi and wishes Jarad Daniels, the new CEO, every success in his new role.