Carbon capture and storage - CO2DeepStore

CO2DeepStore is a leading developer of CO2 storage projects, delivering storage solutions for major CO2 emitters as part of the high growth carbon capture and storage (CCS) market. CCS is one of a number of low carbon technologies required to deliver a sustained reduction in CO2 emissions to mitigate climate change.

CO2DeepStore was acquired by Petrofac in April 2010 – click here to read the announcement

CO2DeepStore provides a CO2 storage service to major emitters, including power generators and oil refineries. The service involves the development and ownership of transport and storage infrastructure and holding CO2 storage permits.

We work with emitters, who are looking to develop CO2 capture projects, to create an optimal CO2 storage project development concept. Early integration of the transport and storage concept with the emissions capture plant can result in significant project optimisation and overall cost reductions. We will partner with emitters to develop applications for government funding as the storage provider.

CO2DeepStore will lead the front end engineering design and detailed design of our transport and storage project developments and create funding partnerships to enable project implementation. We will manage storage project construction and implementation in conjunction with our sub contract partners.

Involvement in CCS is part of Petrofac’s diversification into the low carbon energy sector. Development and operation of CO2 transport and storage facilities represent considerable synergy with Petrofac’s oil & gas facilities solutions business.

Introduction to carbon capture and storage (CCS)

Carbon capture and storage (CCS) involves the capture of CO2 from major emissions sources such as coal and gas fired power generation facilities, LNG plants and gas processing facilities. The resulting CO2 is transported and permanently stored deep underground. CO2 storage involves injecting the captured CO2 into deep underground formations; either depleted gas fields or rock formations containing saline water. The technologies involved are similar to those used for oil & gas. Selection and development of suitable storage reservoirs is critical to the success of CCS and yet much of the focus to date has been on the capture element.

The CCS sector is rapidly developing with significant government funding in many countries being provided to deliver commercial demonstration projects. Regulatory developments to meet CO2 emissions targets are such that CCS is likely to become obligatory in many countries in the near future. CCS is a key technology to enable low carbon power generation, in addition to investment in renewable power areas such as solar, wind and tidal energy.

To view an illustrative diagram on the CO2 storage process click here

For additional information please refer to the CO2DeepStore website at www.co2deepstore.com

Contact
Sam Gomersall
+44 1224 224472
sam.gomersall@co2deepstore.com