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- Lorenzo Simonelli
Carbon capture, utilization, and sequestration (CCUS) will be a key enabler of the energy transition, being crucial to reduce emissions in hard-to-abate industries and the power generation sector. The CCS and CCUS large-scale projects pipeline has grown by 40% y-o-y in 2020 with the highest project activity in the United States. Large-scale hubs such as those in the North Sea and in Texas could provide a model for capturing and sequestering large volumes of CO2 by leveraging economies of scale and proximity to offshore storage in depleted fields. What are advantages and disadvantages of these hubs? What policy and commercial support is necessary from the Government of India to jump start CCUS? What are some of the likely locations in India to start CCUS deployment? Where are the biggest cost-reduction opportunities across CCUS value chain?