Demonstration and development of carbon capture and storage technology will need to be rapidly ramped up for the strategy to have a meaningful impact on carbon emission reduction targets, Shell’s CCS leader has said.
Speaking at an ONS 2014 conference session on Wednesday, Shell head of CCS Tim Bertels called for a substantial price on carbon emissions to encourage long-term capture and storage developments and a an injection of public funds to foster shorter term demonstration projects.
“Worldwide, there are 12 projects in operation, preventing some 25 million tonnes of CO2 per annum from reaching the atmosphere,” Bertels said. “This, by the way, is the equivalent of taking some 5 million cars off the road every year – a significant effort, perhaps, but in reality, it is insufficient.”
Shell is involved in a handful of CCS projects, including the Quest project in Alberta, Canada, and the proposed CCS demonstration project at the Peterhead gas power station in Scotland, which is in the front end engineering and design phase.
Despite a 2007 pledge by the European Commission to support the development of 12 large-scale CCS demonstration projects, the continent has fallen “far short” in the technology race, he said.
“In Europe, CCS is at a crossroads, and has made very limited progress,” Bertels said.
“More projects will be needed. And if the case for CCS is so strong, but global demonstration is lagging, then we should be asking the question, what is the right way forward to achieve more CCS demonstration?”
A “robust CO2 price” will be a sufficient market solution to drive CCS development over the long term, he said, while collaboration between governments, industry, and academia will be needed to accelerate deployment of the technology.