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
Updated 2 hours 40 minutes ago The Labour Court in Johannesburg has set aside the 2011-2014 metal sector wage agreement, the National Employers' Association of SA (Neasa) said on Thursday. The 2011-2014 wage deal was the result of an agreement between the Steel and Engineering Industries...
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
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.
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...