CCS in Europe and globally John Scowcroft, General Manager Europe & MENA CCS in the Baltic Sea region BASTOR 2

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1 CCS in Europe and globally John Scowcroft, General Manager Europe & MENA CCS in the Baltic Sea region BASTOR 2 Stockholm, 19 September

2 Introduction Global CCS Institute 1

3 INSTITUTE FOCUS The Global CCS Institute connects parties around the world to solve problems, address issues and learn from each other to accelerate the deployment of CCS projects through: ASSISTING PROJECTS bridging knowledge gaps between demonstration efforts; and developing project-specific solutions particularly amongst early movers. SHARING KNOWLEDGE collecting information to create a central repository for CCS information; and creating and sharing information to fill knowledge gaps and build capacity. FACT-BASED ADVOCACY to inform and influence domestic and international low carbon policies; to advance understanding of appropriate risk regimes, funding and financing solutions; and raising awareness of the benefits of CCS and its role within a portfolio of low carbon technologies. 2

4 Institute website: Live updates on the status of CCS Comprehensive analysis Global Status of CCS reports 3

5 Global Status of CCS 4

6 STATUS OF CCS 5

7 LSIPS BY REGION AND YEAR 6

8 LARGE SCALE INTEGRATED PROJECTS (LSIPS) IN OPERATE AND EXECUTE PHASE NAME COUNTRY CAPTURE TYPE Operate stage Val Verde Gas Plants United States Pre-combustion (gas processing) Shute Creek Gas Processing Facility United States Pre-combustion (gas processing) Sleipner CO 2 Injection Norway Pre-combustion (gas processing) Great Plains Synfuel Plant and Weyburn-Midale Project Enid Fertilizer CO 2 -EOR Project United States / Canada United States Industrial separation (synfuels) Industrial separation (fertiliser) In Salah CO 2 Injection Algeria Pre-combustion (gas processing) Snøhvit CO 2 Injection Norway Pre-combustion (gas processing) Century Plant United States Pre-combustion (gas processing) Execute stage Air Products Steam Methane Reformer EOR Project United States Pre-combustion (hydrogen production) VOLUME CO 2 (MTPA) STORAGE TYPE 1.3 Mtpa EOR Mtpa EOR Mtpa (+0.2 Mtpa in construction) Deep saline formation DATE OF OPERATION Mtpa EOR Mtpa EOR Mtpa 0.7Mtpa 5Mtpa (+ 3.5Mtpa in construction) Deep saline formation Deep saline formation EOR Mtpa EOR 2012 Lost Cabin Gas Plant United States Pre-combustion (gas processing) Illinois Industrial CCS Project United States Industrial separation (ethanol) ACTL with Agrium CO 2 Stream Boundary Dam Integrated CCS Demonstration Project Canada Canada Industrial separation (fertiliser) Post-combustion (power generation) 1Mtpa EOR Mtpa (and 0.6Mtpa in planning) Deep saline formation Mtpa EOR Mtpa EOR 2014 Kemper County IGCC Project United States Pre-combustion (power generation) Gorgon Carbon Dioxide Injection Project Australia Pre-combustion (gas processing) 3.5Mtpa EOR Mtpa Deep saline formation

9 CONCENTRATION ON POWER GENERATION 8

10 POWER PROJECTS UNDER CONSTRUCTION Boundary Dam Retrofit postcombustion capture EOR Kemper County IGCC with capture (pre-combustion) EOR 9

11 NUMBER OF LSIPS BY CAPTURE TECHNOLOGY AND STAGE 10

12 STATUS OF CURRENT AND PLANNED STORAGE PROJECTS 11

13 VALUE OF CURRENT GOVERNMENT POLICIES IN SUPPORTING A POSITIVE BUSINESS CASE 12

14 FUNDING STILL TO BE ALLOCATED 13

15 LEVELISED COST OF ELECTRICITY OF LOW- CARBON TECHNOLOGIES 14

16 PROJECT PREFERENCE OF ENABLING POLICY INSTRUMENTS 15

17 GLOBAL SITUATION 80% of the total CO 2 emitted over the period to 2035 is already locked-in by existing capital stock, leaving little room for adjustment. If internationally coordinated action is not implemented by 2017, any new investment must be zero-carbon. Delaying action is false economy. For every $1 of investment avoided before 2020, an additional $4.3 would need to be spent after 2020 to compensate for the increased emissions 16

18 BY 2050 WITHIN EUROPE, CCS PROVIDES ~24 PER CENT OF THE SOLUTION, AND NOT JUST IN THE POWER SECTOR CCS power generation 12% CCS industry and transformation 12% Source: IEA 17

19 KEY MESSAGES CCS is a critical tool for combating climate change, and the costs will be higher if it is not used. Political support and appropriate incentives are vital for project progression. A number of power projects are on the verge of FID but making the business case is difficult. Two power projects under construction - with government funding. Greater collaboration and transparency between government and industry is needed. 18

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