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GLOBAL CCS INSTITUTE
GCCSI Welcome AddressMeade Harris - Global CCS Institute
GLOBAL CCS INSTITUTE
INTERNATIONAL LAUNCH OF GLOBAL CCS INSTITUTE – TO ACCELERATE CCS DEPLOYMENT
9th July 2009The Global CCS Institute was formally launched at G8/Major Economies Forum (MEF) meeting in L`Aquila, Italy by the former Prime Minister of Australia, Kevin Rudd, US President Obama and Prime Ministerial support from Canada, Italy, Republic of Korea, Mexico and UK.
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GLOBAL CCS INSTITUTE
GLOBAL CCS INSTITUTE - THE BASIC RATIONALE
“We strongly support the recommendation that 20 large scale CCS demonstration projects need to
be launched globally by 2010, with a view to supporting technology development and cost
reduction for the beginning of broad deployment of CCS by 2020.”
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GLOBAL CCS INSTITUTE
CURRENT MEMBERSHIPCountry engagement
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Member (includes European Commission)
Other countries engaged
Participating organisations as of September 2010:263
GLOBAL CCS INSTITUTE
THE IMPORTANCE OF CCS
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~20% of required CO2reduction in lowest cost
scenario from CCS
A 2008 View
GLOBAL CCS INSTITUTE
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IT’S NOT ONLY A MATTER OF COAL POWER
”Key Message: CCS is not just about cleaner coal: a number of sectors will need to develop CCS to achieve the BLUE Map scenario’s emission targets”
GLOBAL CCS INSTITUTE
REQUIRED DEVELOPMENTS TO MAKE CCS A REALITY
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Notes: O&G industry mass flowrates: (0.25Tbpdwater*160*365) + 3928.8 Mto + (3065.6 bcm gas)*0.7kg/t = 20.6Gt/yr; Learning rate of 8%Source: BP; Strategic Analysis of the Global Status of CCS; GlobalData “Global Oil and Gas Capital Expenditure Outlook"; IEA; "Global Onshore and Offshore Water Production" (Dal Ferro)
... to deliver average 110 full-scale projects pa
... to handle 2050 flowrates equal to half of current oil
industry flowrates
... to cover the US$2-3trillion of additional capex
0
1,000
2,000
3,000
4,000
2020 2030 2040 2050
# Projects
100 in 2020
3,400 in 2050
0
50
100
150
US$billion invested pa
2020 2030 2040 2050
Gas
Oil
ProducedWater
2009 O&G Industry
CO2
2050 CCS
Flowrate (Gt/yr)
Capacity and knowledge
Infrastructure and technology
Funding and financing
GLOBAL CCS INSTITUTE
GLOBAL CCS INSTITUTE STRATEGIC FRAMEWORK
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PROJECTS STRATEGY
Strategic Analysis of Projects
Project Support Program
Thematic Focus Groups
ENABLING STRATEGIES
MEMBERSServices ModelMember Charter
OVERARCHING OBJECTIVE“To accelerate the broad deployment of commercial CCS”
Regional Profiles and Global Services
Policy/Regulatory
Financial/Commercial
Public Awareness
Capacity Building
Technical
Knowledge Sharing
GLOBAL CCS INSTITUTE
STRATEGIC ANALYSISA STRONG START WITH VITAL PROJECTS
• Strategic Analysis of the Global Status of CCS
• Portfolio of CCS Projects
• CCS Ready
• Global CCS Institute supported the report to the G8
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GLOBAL CCS INSTITUTE
REQUIRED DEVELOPMENTS TO MAKE CCS A REALITY – A JOB FOR LIFE!
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Notes: O&G industry mass flowrates: (0.25Tbpdwater*160*365) + 3928.8 Mto + (3065.6 bcm gas)*0.7kg/t = 20.6Gt/yr; Learning rate of 8%Source: BP; Strategic Analysis of the Global Status of CCS; GlobalData “Global Oil and Gas Capital Expenditure Outlook"; IEA; "Global Onshore and Offshore Water Production" (Dal Ferro)
... to deliver average 110 full-scale projects pa
... to handle 2050 flowrates equal to half of current oil
industry flowrates
... to cover the US$2-3trillion of additional capex
0
1,000
2,000
3,000
4,000
2020 2030 2040 2050
# Projects
100 in 2020
3,400 in 2050
0
50
100
150
US$billion invested pa
2020 2030 2040 2050
Gas
Oil
ProducedWater
2009 O&G Industry
CO2
2050 CCS
Flowrate (Gt/yr)
Capacity and knowledge
Infrastructure and technology
Funding and financing
GLOBAL CCS INSTITUTE
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www.globalccsinstitute.com
