Dec 16, 2011
Norway to commission $1bn carbon capture and storage project in 2012Back
Construction|DURBAN|A/S Norske Shell|CoAL|Gassnova A/S|Petrochemicals|PROJECT|Projects|Sasol|Shell|Statoil|Norway|USD|Oil And Gas|Petrochemicals|Petrochemicals Giant|Technology Development|Bjørn-Erik Haugan|Erik Haugan|Power
© Reuse this
The $1-billion TCM project is currently under construction and will test, verify and demonstrate technology suitable for the deployment of large-scale carbon dioxide (CO2) capture facilities and further develop carbon capture and storage (CCS) technologies. Test facilities would capture 100 000 t/y of CO2.
Haugan said the project was 85% complete to date.
Sasol acquired a 2.44% share of the capital and operating costs of the project, and its partners in the project are Gassnova, A/S Norske Shell and Statoil. Through the TCM project, Sasol would have full participation in technology development and demonstration, proving capture for diluted CO2 streams was possible.
Speaking at a CCS seminar in Durban, Haugan said governments must stand by industry to pioneer CCS projects.
He referred to some large, high-profile projects in the past five to six years that had been launched but had fallen by the wayside.
Haugan believed guidelines and incentives had to be developed for industry to enable a unified, competitive playing field in the CCS market.
“The world is calling for a standard price for carbon, but it is not happening at the level that is required. Hence, industry must be incentivised and governments need to realise they cannot do without industry.”
Reducing the costs associated with CCS, broad-based research and development and creating awareness and acceptance for CCS through a public communication exercise were needed to remove the barriers preventing the development of CCS globally.
“There is a need to overcome all challenges preventing the legal, financial and technical framework needed for the success of CCS,” Haugan said.
He also said it was necessary for CCS not to be associated just with power plants, but also with process industries.
“CCS is not a quick-fix to climate change, but it is necessary for governments to keep pressing the issue and moving forward with this clean coal technology,” he said.
Edited by: Martin Zhuwakinyu© Reuse this Comment Guidelines (150 word limit)
Other News This Week News
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
This Week's Magazine
JSE-listed real estate investment trust (REIT) Rebosis Property Fund achieved a distribution growth of 8.1% to 99.45c per linked unit in the financial year ended August 31, despite volatile market conditions.
A low-cost, inflatable incubator won this year’s international James Dyson design award, which aims to encourage and inspire the next generation of design engineers.
The World Bank released its ‘Doing Business 2015: Going Beyond Efficiency’ report last month and ranked South Africa 43 out of 189 global economies for its ease of doing business, with Singapore topping the rankings.
Air Products South Africa officially launched its R300-million Eastern Cape air- separation unit (ASU), at its new manufacturing facility in the Coega Industrial Development Zone (IDZ), earlier this month. It is the second facility that Air Products launched in South...
BMW South Africa (SA) has signed a power purchasing agreement with energy company Bio2Watt. The offtake partnership will bring renewable energy to the carmaker’s Rosslyn plant, north of Pretoria.