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Carbon Capture And Storage: 5 Ways it Benefits the Industry

The carbon capture and storage (CCS) trend in oil and gas is on the rise. For business owners, CCS is a way to move towards a low-carbon model by “greening” energy production and operations. If we’re talking science, you can use carbon capture and storage systems to remove CO2 emissions from stationary sources or processes, store them in underground reservoirs, and reuse them in other industries. But, how does that work?

The 3 Steps of CCS

CCS is a three-stage process that includes: 

  1. Capturing CO2 from various industrial sites and compressing it with the proper methods. 
  2. Transporting trapped CO2 to a storage location via road transport, pipelines, or tankers. 
  3. Long-term storing of captured carbon in geological formations away from the atmosphere. 

5 Ways to Benefit from CCS 

Whether you plan to build your own carbon capture and storage solution or invest in an existing one, you should understand what you’re dealing with. So, here is how you can reap the benefits of the CCS model. 

  1. Select the right approach – There are three main types of CO2 capture to navigate: pre-combustion carbon capture, post-combustion, and oxyfuel. In pre-combustion carbon capture, you remove carbon before the actual combustion process by converting fuel into a mix of hydrogen and CO2 with heat. Then, you isolate and burn hydrogen to produce energy and transport the compressed CO2 to a storage facility. During post-combustion you bind and separate CO2 from other greenhouse gasses using a liquid solvent and gas separator. This is the most widely applied carbon capture and storage technology because it allows reusing CO2 at a storage facility and can be added to existing sites. The oxyfuel approach is applicable only in specific cases when you process fuel in pure oxygen-rich environments. After you cool and liquefy CO2 and water vapor in a boiler or gas turbine, you can dehydrate and compress carbon for further transportation.
  1. Create a business plan – Are you buying a big share of carbon capture stocks, or would you migrate your plant to a carbon capture and storage business model? Whatever you choose, there are costs to consider beforehand. Studies show it’s much easier to migrate a plant through technology refinement, retrofitting, and continuous efficiency improvements. Yes, you’ll invest heavily, but a potential ROI is worth it.
  1. Opt for tech advancements – The latest Industry 4.0 achievements are what you need when it comes to carbon capture and storage systems. For instance, check inventions in the direct air or compact carbon capture fields. Companies like Baker Hughes, Carbon Clean, and Mitsubishi Heavy Industries develop groundbreaking bite-sized capture tech with modular designs that promote more widespread use for small and mid-size businesses. 
  1. Leverage the benefits of CCS – You might not be a leading climate change activist, but your investors and customers most likely are. So, a low-carbon business model is what will help you secure their loyalty. As society shifts toward renewable energy and net-zero initiatives, you can use CCS advantages to accelerate changes while maintaining your O&G business continuity. 
  1. Invest strategically -The carbon capture stock market offers plenty of options to benefit your portfolio. So, you’ll not only fund energy transition initiatives but also profit from a billion-dollar industry while the competition is still relatively low. 

Summing up, you have a great chance to capitalize on the new climate legislation and CCS solutions by cutting your emissions and earning money in the process. If you need a new piece of equipment to help you do that, fill out the Tiger General Truck Inquiry Form today!