NEWSLETTER | November 2019

INSTITUTE OPENS THE MARKET AT THE LONDON STOCK EXCHANGE

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To mark the Institute's 10th Anniversary and its conference on CCS financing, the Institute hosted a Market Open Ceremony at the London Stock Exchange with Members and guests. This unique event was an opportunity to highlight the important role of the financial sector in accelerating the deployment of the CCS technologies and projects.


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 INSTITUTE EVENT GATHERS FINANCIAL SECTOR TO TALK CCS FINANCING

At the event, speakers from the UK and US Government, European Commission, HSBC Centre of Sustainable Finance, London Stock Exchange, energy companies and technology innovators explored how to mobilise finance for CCS projects and technologies. This event highlighted the important role of the broad finance sector in unlocking and facilitating capital flows towards CCS, through providing sustainable finance and investments.

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NEW WAVE OF CCS PROJECTS

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Ten new large-scale CCS facilities were added to the Institute's global database. Eight of the ten new facilities are located in the US, where policy, government support and the 45Q tax credit have resulted in increased CCS project activity. With this announcement, there are now 51 CCS facilities globally – 19 in operation, four under construction, and 28 in various stages of development.

     

INSTITUTE PREPARES FOR COP25

The Institute is getting ready for COP25 in Madrid. There, our team will be launching the 2019 edition of our flagship publication the Global Status of CCS. The Institute is also hosting and participating in a series of events.
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JAPAN'S TOMAKOMAI PROJECT REACHES NEW MILESTONE

The project reached its target of 300,000 tonnes of CO2 injected and stored safely underground in the harbor of the Tomakomai Port area. The facility captures CO2 from gas emitted by a hydrogen production unit at a refinery. 
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UPCOMING EVENTS

UN Climate Change Conference 
COP25
2-13 December | Madrid, Spain

Innovation in Industrial Carbon Capture Conference  
21 January | Geleen, Netherlands
   
   

INSTITUTE'S UPDATES

The Institute hosted an event on carbon capture liability in Washington DC. This was an opportunity for Members and other key stakeholders to hear from our Senior Consultant - Legal & Regulatory, Ian Havercroft, on the key analysis and findings of the Institute's latest Thought Leadership Report that makes the case for a more commercially-minded view of liability. 


Don't miss our Global Status of CCS Report coming out on 9 December. The report will be launched in Madrid at COP25.

MEMBERS NEWS

The Zero Carbon Humber partnership, which is spearheaded by Institute Member Drax Group and other leading energy companies and organisations, released a report putting forward a roadmap on how to make the region of Humber the word's first net-zero industrial cluster by 2040. This would include the deployment of CCS and the production of low-carbon hydrogen.  


The Scottish Government, a Member of the Institute, signed an agreement on carbon capture and storage with an industry-led coalition, known as NECCUS.  The agreement was signed by Scotland's Energy Minister Paul Wheelhouse MSP and it will be instrumental in driving forward the deployment of CCS in Scotland.  The first phase of this project aims to see the Acorn CCUS facility operational in 2024.

CCS NEWS