Evolution of Carbon Capture from Concept to Reality in Decarbonization Dynamics

Evolution of Carbon Capture from Concept to Reality in Decarbonization Dynamics

The evolution of Carbon Capture, Utilization, and Storage (CCUS) stands as a testament to human ingenuity in the face of environmental challenges. As a pivotal component in the fight against climate change, CCUS has transitioned from a conceptual framework to a tangible solution with the potential to reshape our carbon footprint. Tracing its origins, pivotal milestones, and profound impacts on environmental stewardship offers a perspective into our fight against climate change and the evolution of technology in arms with having a cleaner and safer planet.

From its modest beginnings characterized by early experimentation and theoretical frameworks, CCUS has undergone a remarkable evolution propelled by groundbreaking technological advancements. It underscores a shared commitment among stakeholders across various sectors to prioritize sustainability and environmental stewardship. As CCUS continues to gain momentum and recognition as a critical tool in the fight against climate change, it symbolizes a collective endeavor to forge a path towards a more sustainable future, one that transcends boundaries and leaves a lasting impact for generations to come.

Adding to the fact that CO2 storage is generally safe, requiring stringent security measures. Geological storage involves depositing CO2 in natural formations with seal rocks, preventing leakage. Oceanic storage is less favorable due to environmental concerns. But overall, the technology to capture carbon for mitigating ill environmental impact has evolved over the years, in turn advancing the fight against climate change.

What is CCUS?

CCUS, or carbon capture, use, and storage, encompasses a range of technologies designed to capture, transport, store geologically, and utilize carbon dioxide emissions. These technologies play a crucial role in mitigating climate change by reducing the amount of CO2 released into the atmosphere, thereby supporting the global effort to achieve Sustainable Development Goal 13, which focuses on “Climate Action.”

CCUS technologies are instrumental in managing carbon emissions that are either unavoidable or technically challenging to mitigate through conventional means. By capturing CO2 from industrial processes and power generation, transporting it to suitable storage sites, and either storing it underground or utilizing it for various purposes such as enhanced oil recovery or the production of synthetic fuels, CCUS enables the reduction of greenhouse gas emissions.

CCUS also facilitates the concept of “negative emissions,” wherein more CO2 is removed from the atmosphere than is emitted, thereby helping to offset emissions from other sources and contributing to the overall goal of limiting global temperature rise.

The Origin

The origin of carbon capture, transport, storage, and use technologies dates back to the early 20th century when scientists began recognizing the impact of carbon dioxide emissions on the environment. However, the formal development and widespread adoption of these technologies gained traction in the late 20th and early 21st centuries as concerns about climate change intensified.

The concept of capturing carbon dioxide from industrial processes emerged as early as the 1930s, primarily for enhanced oil recovery purposes. Subsequent decades saw incremental advancements in carbon capture technologies, driven by research initiatives and increasing environmental awareness.

The transportation of captured carbon dioxide for storage or utilization purposes evolved alongside advancements in pipeline infrastructure and transportation logistics. In parallel, research into geological storage options, such as underground formations and depleted oil and gas reservoirs, expanded in the latter half of the 20th century.

The Current Scenario

The integration of carbon capture technologies with utilization pathways, such as enhanced oil recovery, industrial processes, and even direct air capture for carbon removal, further diversified the CCUS landscape in recent years. Today, these technologies represent a multifaceted approach to mitigating greenhouse gas emissions and addressing climate change challenges on a global scale.

As per the Global CCS Institute’s data, there are currently 65 operational CCUS facilities worldwide. Among these, 26 facilities are operational and have the capacity to capture and store approximately 40 million tonnes of CO2 annually. Consequently, this amounts to 40 million tonnes of CO2 emissions that are effectively prevented from being released into the atmosphere.

The Services

CCUS services are gaining traction globally as a pivotal solution in the fight against climate change. Providers in the carbon offset market, including EKI Energy Services Ltd., are actively engaged in tracking and promoting the development of CCUS technologies, particularly in regions like the Indian subcontinent.

These services play a crucial role in advising and facilitating investment for corporates and investors, especially those operating in industries with significant carbon emissions such as petroleum, natural gas, and metallurgy. The goal is to support these entities in achieving their NetZero and carbon neutrality commitments by leveraging high-quality removal credits generated through CCUS projects.

CCUS services encompass a range of activities including strategic advisory, project development, investment facilitation, and commercialization support to foster innovation and accelerate the adoption of CCUS solutions on a mass scale, contributing to global efforts to mitigate carbon emissions and combat climate change.

Providers like EKI and others in the carbon offset market are instrumental in driving awareness, facilitating partnerships, and advancing technological advancements to make CCUS more accessible and impactful in addressing the challenges of climate change.

The Future

The future of CCUS looks to have positioned itself among the irreplaceable pillars in mitigating climate change and fostering sustainable development. As the world transitions towards a low-carbon economy, CCUS technologies are poised to play a crucial role in reducing greenhouse gas emissions, particularly in hard-to-abate sectors like heavy industry and power generation.

Advancements in CCUS technologies are driving innovation in carbon capture methods, making them more efficient and cost-effective. Additionally, the utilization aspect of CCUS, where captured CO2 is converted into valuable products such as fuels, chemicals, and building materials, offers economic opportunities while reducing emissions.

Moreover, the integration of CCUS with renewable energy sources like wind and solar power can enhance energy storage capabilities and provide reliable, dispatchable power. This integration contributes to grid stability and facilitates the transition to a decarbonized energy system.

Looking ahead, continued research and investment in CCUS infrastructure, including pipelines for CO2 transport and secure storage sites, will be essential for scaling up deployment. Policy support and regulatory frameworks that incentivize CCUS deployment and carbon pricing mechanisms can further accelerate its adoption.

Share the Post:

Subscribe now

EKI Energy Services Limited (‘the Company’) is committed to providing effective and prompt service to its stakeholders. The Company has in place, a designated e-mail address i.e. cs@enkingint.org for assistance and/or grievance redressal and is closely monitored by the Company Secretary of the Company. The escalation matrix for complaints relating to the securities of the Company is as provided below:

Ms. Itisha Sahu

Company Secretary

Address: 903, B-1 9th Floor, NRK Business Park, Scheme No. 54, PU4, Indore 452010, Madhya Pradesh India

Mail: cs@enkingint.org

In case of non-redressal of the complaint to the investor’s satisfaction, within a reasonable time frame, the investor may approach-

Mr. Mohit Kumar Agarwal

Chief Financial Officer

Address: 903, B-1 9th Floor, NRK Business Park, Scheme No. 54, PU4, Indore 452010, Madhya Pradesh India

Email: cfo@enkingint.org

In case a complaint is still not redressed to the investor’s satisfaction, the investor may approach the Securities and Exchange Board of India and file their grievance through “SCORES”, the centralized online system for lodging and tracking complaints.

SCORES facility can be accessed through the weblink http://scores.gov.in

Filing complaints on SCORES – Easy & quick

  1.        Register on SCORES portal 
    b.        Mandatory details for filing complaints on SCORES: 
        i.        Name, PAN, Address, Mobile Number, E-mail ID 
    c.        Benefits: 
         i.        Effective communication 
         ii.        Speedy redressal of the grievances