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SME Contributions to CCS Deployment in the EU: An Innovative Perspective

Explore the crucial role of SMEs in Carbon Capture and Storage deployment in the EU. Learn how SMEs bring innovation, drive growth, and fill gaps in the emerging CCS sector.

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SME Contributions to CCS Deployment in the EU: An Innovative Perspective

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  1. CO2DeepStore “Putting something back…….” CCS deployment in the EU: An SME perspective Sam Gomersall

  2. Carbon Intensity CO2 emission figure (g/kWh) Renewables <100 A Coal/Gas with CCS 100 - 250 B Gas powergen 250 - 500 C 500 - 750 D Coal powergen 750 - 1000 E 1000 - 1250 F Conventional oil 1250+ G

  3. SMEs in other related areas Oil & Gas • Developed previously uneconomic fields • Extended field lives of mature assets • Developed and applied innovative technology Renewables • Created most of the new technology (wind, marine, solar) • Taken the lead in project developments (Solar, Biomass, marine) SMEs have provided an important contribution in other related areas

  4. SME perspective on CCS SMEs bring; • Innovation and a fresh approach • A focus on CCS • Drive to do something early • ‘Fill the gaps’ • Create the CCS sector (growth, job creation) But may lack.. • Financial strength • Balance sheet • ‘Legislative fit’

  5. CCS players SMEs have a role to play

  6. Industry viewpointsCCS ‘interest’ Critical to our future Important but ... More study required Let’s wait & see I’m a bit busy What is CCS? NGOs Power Banks Govmt Oil & Gas

  7. CCS: Organisational philosophies • SMEs • Early phased projects • Seek out the most attractive projects • Focus only on CCS • Innovative and creative • Challenge the existing approaches Majors • Mega projects • Fit with corporate portfolio • CCS competes with other activities • Tendency to stay with what is comfortable • Reputation protection Both types of organisation are required to get CCS projects moving

  8. SME perspective • Groupthink is a blocker to CCS • CO2 storage is not just a hole in the ground • The location of new power generation facilities is not adequately considering CCS • CO2 enhanced oil recovery in the North Sea will not make CCS happen • Market conditions today should not prevent early CCS investment

  9. Closing comments • SMEs have an important contribution to make to get CCS underway • There are currently gaps in the emerging CCS marketplace which SMEs can address • Legislation and funding should support the contribution SMEs can make

  10. CO2DeepStore “Putting something back…….” CCS deployment in the EU: An SME perspective Sam Gomersall

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