More than 190 countries have adopted the Paris Agreement, a legally binding international treaty on climate change reached at COP21 in 2015. The Agreement targets to keep rise in global temperatures to below 2°C from pre-industrial levels. A growing number of countries have now made Net Zero policy commitment pledges, as seen from COP26 in 2021. Transitioning to a Net Zero world is said to be one of the greatest challenges humankind has faced, many industries’ and companies’ plans for reducing greenhouse gas emissions to Net Zero rely heavily on technologies to capture carbon and permanently store in underground geological formations. It may be claimed that Net Zero is reliant on large-scale carbon capture and storage (CCS), amongst a mix of innovative and climate friendly technologies, for success.
Aaesha Khalfan Al Keebali
Specialist, Reservoir Engineering
Enhanced Oil Recovery Division
“The SPE Symposium will serve as a global platform on CCS to exchange insights, discuss latest technologies, explore emerging opportunities, and hone-in on solutions to address climate change. It will discuss key elements of CCS that will enable towards achieving Net Zero sustainability goals.
The symposium will bring together stakeholders and experts from around the world representing government authorities, project development companies, technical consultancies, service providers, academic institutions, and think tanks.”
CCS technologies are well established, and many ongoing projects have proven to be safe and reliable. This bodes well for energy transition. For example, demand for hydrogen is forecast to increase rapidly in Europe in the next decade, and CCS is critical to enable blue hydrogen while broaden the basis of hydrogen generation. CCS is the only currently available technology capable of deeply decarbonising hydrocarbon use in industries. Large-scale deployment of CCS technologies will help to unlock significant opportunities for hydrocarbon and renewable energy technologies to work together to decarbonise the energy mix. Nonetheless, it is likely that energy transition towards a low-carbon economy is far-reaching and complex, requiring government policy changes and difficult choices for consumers. Significant acceleration of CCS deployment at scale is needed to achieve ambitious decarbonisation targets.
Symposium Committee Member
Head of CCUS Portfolio, Gas and
Low Carbon Energy
“CCUS can play a critical role in decarbonising society. We are entering a time where the development of CCUS is not only needed but financially viable. CCUS Hubs, enabled through partnerships, provide economies of scale and can incentivise investment in carbon capture across industry. All of this starts with access to robust geological storage and this symposium brings industry experts together to think about some of the key issues to address that will help accelerate CCUS deployment.”
WELCOME TO THE SYMPOSIUM
The SPE Symposium will bring diverse participants from different stakeholders. It will be a great platform for exploring and sharing ideas, experience and findings in diverse areas from CO2 storage geological formation candidate selection, storage containment assurance, MMV and carbon capturing technology advances. Furthermore, the Symposium will explore regulatory framework and carbon credit mechanisms: policy, business and commercial drivers which are critical for the success of CCS projects.