So where does this carbon dioxide go? Most likely, carbon dioxide will be stored underground in places such as depleted oil and gas reservoirs, deep salt formations, and unmineable coal deposits.
Industrial facilities such as liquefied natural gas (LNG) terminals, hydrogen plants, steel mills, cement plants, power plants, and oil and gas refineries produce large amounts of carbon. Carbon capture technology can help reduce the environmental impact of these industries and others responsible for greenhouse gas emissions.
The main barriers to widespread adoption of carbon capture, utilization and storage are the costs of equipment and energy used to capture and compress carbon dioxide for transport and storage. Transporting carbon dioxide after it is captured also presents challenges. High-pressure, low-temperature pipelines that transport carbon dioxide are expensive to build.
Carbon capture can reduce CO2 emissions by:
Serving as an immediate stopgap as industries strive to decarbonize production processes, helping them meet their carbon reduction targets.
Provide a lower cost solution in industries and areas where carbon capture, use and storage is more economically efficient than other emission reduction methods, or where the captured carbon could be a useful input for a product.
In addition, our advanced solvent carbon capture technology, specifically designed for post-combustion flue gas applications, achieves greater than 95% CO2 capture.