, a locator of subsurface resources, and US-based Cozairo, a specialist in carbon capture and storage , have joined forces with the goal of delivering end-to-end CCS solutions to non-oil and gas CO2 emitters seeking to reduce their carbon footprint.near the emission point source, greatly reducing infrastructure and capital requirements, commercial complexity and the number of parties impacted by the development of CCS projects.
The plan is that Getech uses its geoscience gravity and magnetic database, its proprietary Globe earth model and its geospatial analytics expertise to screen for attractive colocations ofand storage sites, to evaluate the suitability of the subsurface for carbon storage, and to prepare the geoscience component of licence applications and site monitoring plans.“Our companies possess complementary skills and capabilities in the area of CCS, with no overlaps,” Richard Bennett, CEO of Getech, said.
“The increase in emission costs is closing the gap with CCS implementation capital expenditure, making this solution much more commercially viable,” the executive said. According to Bennett, CCS activity has seen significant advancement in recent years, with 2022 alone seeing 61 new CCS projects globally. However, projections from the International Energy Agency show that these initiatives still fall short of the 1.2 gigatons of CO2 capture that must be in place by 2030 to support a sustainable development scenario.
The company said its patented process converts coal and coal-related mining waste into high-quality, affordable carbon nanosheets — also known as graphene.Poll – Copper to claw higher in 2024 despite headwinds