Come join Anees Azzouni, Energy Consultant at Azzouni and Associates Inc as he discusses Carbon Capture and Storage (CCS). CCS is a set of technologies that capture and separate CO2 at major sources of emission, transports the product to aquifers or for use in enhanced oil recovery, compress and inject the product, and monitor and ensure aquifer storage operations. CCS is one of five key technologies that are deemed necessary to meet global cumulative CO2 emissions reduction to 2070 in meeting net-zero emissions: 1) energy efficiency and renewables, 2) electrification, 3) CCS, 4) bioenergy, and 5) hydrogen with the last four technologies targeting sectors’ emissions that are hard to reduce or avoid. CCS, in particular, targets the emissions of: heavy industry specifically energy intensive industries, power generation, and low carbon hydrogen facilities (blue hydrogen). Twenty CCS facilities are in operation worldwide. The estimated cost of CCS ranges from $17 to $60 per ton. Several hundred facilities have been identified as candidates for CCS. Legislation both federal and state is being enacted to incentivize CCS.  The bipartisan budget act of 2018 amends section 45Q of the tax code increasing the value of the credit to $35/ton for EOR and $50/ton for saline storage.

This presentation will discuss the role of CCS in meeting net zero targets, its infrastructure requirements, economics, and implications to policy. No need to register; just show up by clicking on this Zoom link. 

PASSWORD TO ENTER THE ROOM IS: “Energy2020”