Abstract
Driven by industry and government urgency to preserve coal as part of the
global power generation mix, carbon sequestration is poised for significant
growth over the next two decades. The pace of carbon sequestration project
development has escalated from a few sporadic demonstrations to a
geographically dispersed pipeline growing in scale. Over 110 sequestration
projects were in the development stages as of year-end 2008 but significant
economic and commercial challenges remain.
A new study from Emerging Energy Research, Global Carbon Sequestration Markets
& Strategies, 2009-2030, analyzes the role of carbon policies in driving
sequestration development, evaluates the strategies of oil and gas players,
power companies and entrepreneurial upstarts, and measures the sequestration
industry' s long-term growth outlook.
Key trends addressed in the study include:
- Globally, EER estimates that more than US$20 billion in funding has been
earmarked to commercialize CCS, concentrated in Europe, Australia, the US,
Canada and Japan. 2009 is a crucial year, with major technology investment and
carbon policy decisions hanging in the balance.
- Big oil and gas players are leading the carbon sequestration industry
forward. The six supermajors led by BP, Shell and ConocoPhillips hold the key
for long-term global scaling of the sequestration industry. Active in several
demonstration projects, this group has targeted sequestration to unlock
production of CO2 intensive energy sources and to tap downstream synergies for
hydrogen production.
- Regional, upstream leaders become early movers. Led by StatoilHydro and
followed by Japex and Gaz de France, these players are building up
sequestration know how, and positioning sequestration as a vehicle for
international expansion.
- Enhanced Oil Recovery (EOR) remains the most attractive commercial option
for sequestration. North American players including Kinder Morgan, Denbury
Resources and Occidental Petroleum are pro-actively seeking industrial CO2-EOR
as a competitive niche. Traditional midstream oil and gas companies are also
increasing their attention to EOR and sequestration for the enormous CO2
pipeline infrastructure and CO2 marketing opportunites.
STUDY HIGHLIGHTS
Strategy Profiles
- Global oil & gas players
- CO2 aggregators, marketers and pipeline developers
- Carbon sequestration service companies
- Technology promoters active in sequestration
- Coal companies
Sequestration Market Forecasts through 2030
- Existing and planned carbon sequestration pipeline
- Market activity by region
- Forecast of carbon sequestration by sink type
- Forecast of investment in carbon sequestration 2008-2030
Sequestration Development Opportunities and Trend Analysis
- Sequestration projects by application
- Developer positioning along the sequestration value chain
- Carbon sequestration project development trends
Market Drivers and Hurdles
- Global policy trends
- Carbon legislation
- Sequestration project incentives and regulations
- Technical challenges and risks
- Economic concerns
Key Global Sequestration Markets
- Europe
- United States
- Australia
- Western Canada
Sequestration Project Developer Rankings
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