Dec 16, 2011
Norway to commission $1bn carbon capture and storage project in 2012Back
Construction|CoAL|Gas|Oil-and-gas|Petrochemicals|PROJECT|Projects|Shell|Storage|Technology|Oil And Gas|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
Creamer Media Senior Deputy Editor
To subscribe email email@example.com or click here
To advertise email firstname.lastname@example.org or click here
Other News This Week News
Recent Research Reports
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
Energy Roundup – February 2016 (PDF Report)
The February 2016 roundup covers activities across South Africa for December 2015 and January 2016 and includes details of a Government Gazette notice that confirms Cabinet’s decision to move ahead with the 9 600 MW nuclear procurement programme; State-owned power...
Energy Roundup - December 2015 (PDF Report)
The December 2015 roundup includes details of State-owned utility Eskom’s application to claw back R22.8-billion; South Africa’s ranking as an investment destination for renewable energy; and a nuclear expert’s thoughts on reactor designs for South Africa’s nuclear...
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
This Week's Magazine
Power and automation company ABB is in the launch phase of its highest payload, multipurpose industrial robot, the IRB 8700. The robot has a reach of 3.5 m and can handle a payload of up to 800 kg. “When designing the IRB 8700, we emphasised reach and payload, as...
Identity and Access Management (IAM) is a critical facet of a connected security ecosystem, as controlling the confidentiality, integrity and authorisation of data access and use is key to securing new digital business channels. However, companies face several...
Data underpins digital business models, the digital economy, the Internet of Things and the fundamental changes in the ways people interact and protecting data is crucial to securing new ways of doing business, says T-Systems South Africa information and...
The City of Cape Town will issue a tender for the procurement of electric buses for its MyCiTi service, in line with the council’s commitment to lower its carbon footprint, says executive mayor Patricia de Lille. The tender, to be advertised early in February, will...
The iSimangaliso Wetland Park Authority signed a R10-million contract last month with local tailings storage facility specialists Cyclone Engineering Projects to remove about 100 000 m3 of dredge spoil obstructing the natural course of the uMfolozi river, in...