Industry Perspective: Carbon Capture Utilization and Storage
The U.S. Offers CCUS the Best Market Opportunities, but Not Without Challenges
Net Zero requires significant capital investment across numerous sectors and industries.
The CO2 market must shift from EOR to storage as future EOR opportunities are limited and subject to the global market price of oil. Access to Class 6 storage wells and granting primacy rights to states remains a significant challenge. EPA permitting issues and public acceptance of storage wells can take up to 7-10 years in some states. CO2 transport infrastructure is estimated at over $10 billion to build 10,000+ miles of pipelines. Permitting interstate pipelines has historically taken many years. Investment, storage, and transportation infrastructure must be completed simultaneously. Do you agree?
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We will have a separate view on Europe stay tuned
K&A has had the opportunity to work with CCUS stakeholders from around the world in the area of:-
Market Analysis
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