Happy Monday! Welcome back to another week of ESC News Blog!
Did anyone
happen to read the Oil & Gas Journal’s Daily Update Newsletter on October
17, 2024, their article titled, “Wood-led JIP completes work on CO2 specifications
guidelines for CCUS projects”? The
article speaks on the subject of a joint industry partnership (JIP) have
finalized industry procedures for carbon capture, utilization, and storage
(CCUS) ventures to help the budding industry with finding a best practice to
meet safety, environmental, technical, and operational necessities. The CCUS procedures includes an emphasis on
the particulates and contaminates in carbon dioxide (CO2) streams which will affect
all involved in CCUS from suppliers, vendors, operations, producers, logistics,
and etc. The necessities include economic advice for
tabulating a minimum price for carbon capture to break even or a levelized cost
of CO2 abatement (LCOA) for the various technologies in use which either collect
CO2 emissions and to eliminate the particulates and other unwanted contaminates,
and to classify the different elements which may affect the cost of a CCUS
venture. In a nutshell, they address the
different technologies by addressing the good and bad of a particular practice or
technology, and the final result and its cost. The JIP are a group of industry leaders, innovators,
and research experts which includes but not limited to Wood PLC, Saudi Aramco,
Equinor ASA, Mitsubishi Heavy Industry Ltd., Net Zero Technology Centre, Shell PLC,
TotalEnergies SE, DNV, and Heriot-Watt University as well as others. The JIP believe these guidelines will help
direct the industry to help and protect people and the environment as well as make
those who implement it prosperous! If
you would like to read more of the Oil and Gas Journal’s article, please
click the link: Wood-led
JIP completes work on CO2 specification guidelines for CCUS projects | Oil
& Gas Journal.
If you would
like to learn more from a member of the Joint Industry Partnership about the
new guidelines, please click the link: Industry Guidelines for Setting the CO2 Specification in CCUS Chains | Wood.
If you would
like help in looking into how to transport your product efficiently, safely, and
with less of a carbon footprint, please check us out! Contact us via email in the Blog and check out
our ESC's website and ask how we can help you!
We hope you have a wonderful evening!
**Disclaimer: You may be charged a fee to read The Oil
and Gas Journal’s article. **