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The Global CCS Institute said on Thursday that its new office in Abu Dhabi’s Masdar City Free Zone will support and promote Carbon Capture and Storage (CCS) projects in the Gulf Cooperation Council (GCC) region.
The GCC states, which produce 25 percent of annual global oil output, have highlighted CCS as integral to their low-carbon plans, the Institute said in a press statement.
The statement, quoting CEO Brad Page, said the GCC region could be central to short-to medium-term growth in global deployment of carbon capture and storage.
Some projections estimate CCS projects in the region could grow 50-fold, from two to over 100 million tonnes of CO2 captured per annum by 2040, the statement said.
Emirates Steel in Abu Dhabi plant hosts the world’s first commercial-scale steel CCS project.
The statement also underlined the region’s vast, accessible underground storage of up to 30 Gt to support climate plans and its competitive advantage in terms of leveraging as significantly lower cost of producing hydrogen with CCS
Page said: “The coming decade may feasibly see CCS take off in the region, as the GCC states look to diversify their economies, further establish leading-edge industry and protect their roles as leading energy exporters. As the world’s foremost CCS think tank, we are enthusiastic about playing a role in accelerating CCS deployment across the GCC as climate action and energy security becomes increasingly critical”
He said the Institute would support the development of the CCS community in the region as well as using its expertise to serve organisations looking to deploy CCS projects
(Writing by Anoop Menon; Editing by Bhaskar Raj)
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