Geologic Storage
The process of injecting CO2 captured from industrial processes into the sub-surface of the earth.
The 45Q tax incentive and The California Low Carbon Fuel Standard and Canadian Clean Fuel Standard drive economics
Our carbon capture and storage (CCS) strategy seeks to rapidly reduce global emissions, by targeting investment opportunities in companies in the United States and Canada that capture, utilize, and store CO2.
Carbon Capture & Storage investments
CCS refers to a process where CO2 emissions are captured using demonstrated technologies, transported to storage sites and injected into the subsurface to be permanently stored.
Partnering with leading project developers and management teams, we are focused on carbon capture and storage enabled assets and business models that can be utilised to generate zero-emission transportation fuels (e.g. Clean Firm Hydrogen), as well as nearly zero-emission power projects which can mitigate the intermittency of typical renewable energy (e.g. Clean Firm Power). Our team targets attractive risk adjusted returns at today’s carbon prices, and we expect our investments to be enhanced with higher carbon prices in the future.
Investing in project companies that focus on capturing, transporting and permanently storing CO2 emissions, can yield additional benefits.
When these companies have operations that generate Negative or Avoided Emissions, owners and investors may report their respective Negative or Avoided Emissions as part of their greenhouse gas accounting and reporting.
Negative Emissions
Negative Emissions occur when CO2 is removed from the atmosphere on a life cycle basis. This means that more CO2 is removed from the atmosphere compared to the “cradle-to-grave” emissions produced by the project over its entire duration.
Avoided emissions
Avoided emissions occur as a result of an action or project that prevents emissions that would have been emitted in the absence of the action or project. Projects using CCS may generate Negative Emissions when paired with Direct Air Capture, or Avoided Emissions when storing an emitter’s CO2.
The CCS Process
ONE
CO2 is captured from emissions using demonstrated technology.
Two
CO2 is transported to a storage site via a pipelines.
Three
CO2 is permanently stored in deep subsurface reservoirs or stored as part of an enhanced oil recovery (EOR).
Investment types
Investing in subsurface assets:
Geologic Storage
The process of injecting CO2 captured from industrial processes into the sub-surface of the earth.
The 45Q tax incentive and The California Low Carbon Fuel Standard and Canadian Clean Fuel Standard drive economics
EOR CO2 Storage
Acquiring certified pore space for CO2 storage and carrying out enhanced oil recovery
The 45Q tax incentive and The California Low Carbon Fuel Standard and Canadian Clean Fuel Standard drive economics.
Investing in business models that can be utilised to generate nearly zero-emission electricity, transportation fuels and voluntary carbon offsets.
Clean Firm Power
Capturing carbon from natural gas power generation and storing CO2 in a nearby geologic storage site.
Clean Firm Hydrogen
Combining geologic storage sites with hydrogen production.
Direct Air Capture
A process of capturing CO2 directly from the air to generate verified carbon-offsets.
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