OnLocation, and our parent company KeyLogic, have decades of experience studying and modeling carbon capture, utilization, and storage (CCUS) technology and policy. This work is highlighted in a newly published Power Magazine article, CCUS: Big Opportunity and Hard Questions.
CCUS has been portrayed by some advocates as a panacea for fossil-fired power and pilloried by critics as a dangerous diversion from serious decarbonization. The reality is more complicated than saying the truth lies somewhere in the middle. Our analysis identifies the policy issues that must be addressed for a successful CCUS rollout, and also what “success” might mean – that is, where are the likely markets for American CCUS technology.
As discussed in the article, there appears to be a consensus that CCUS is an essential part of the net-zero carbon solution. According to the IEA, CCUS is a necessary tool for use in keeping the increase in global temperatures below 2C and reaching net-zero by 2050. The Biden Administration agrees: the Council on Environmental Quality recently reported that to reach the President’s decarbonization goals the nation will “likely have to capture, transport, and permanently sequester significant quantities of carbon dioxide.”