Multiple business models key to CCS by 2030–CeraWeek

The emergence of diverse sequestration technologies, supported by incentives such as the US 45Q tax credits, will be essential to widespread adoption

The widespread proliferation of carbon capture and storage (CCS) over the coming decade will depend on a combination of astute government policies and private sector market developments—crucially, reducing costs—a panel of industry experts agreed at CeraWeek yesterday. “Over the next five to ten years… our hope is to see a proliferation of projects with a variety of sources, whether fossil [emissions capture] or direct air capture, and a variety of uses including sequestration or enhanced oil recovery,” said JR Rickertsen, managing director, energy corporate banking, BofA Securities. He noted that the models developed in the US are “very much” based on 45Q tax credits, whereas Europe is taki