What is the meaning of “Energy Transition”? Is it an engineered reduction in global demand for oil & gas / fossil fuel energy resources? Is not a transition inevitable & necessary because it does not make sense for 8 billion humans in an advanced industrial civilization to depend on a finite and depleting resource for long term survival? Large scale capture of CO2 via huge amine plants, followed by compression of this gas to supercrital conditions and transport in large diameter corrosion-resistant steel pipelines for injection into suitable underground storage formations, will never happen. This is a prophecy. The required capital-intensive plant & equipment represents $multi-billion sunk cost with no return for the investor & no practical benefit for humanity. Further, with no impact on the climate one way or another. The Egyptians under their religious leadership could mobilize the nation to build massive pyramids that had no practical use as far as survival goes. And so it is for the construction of huge CO2 capture & storage facilities. They will be monuments to appease the gods of climate change but will serve no practical purpose apart from stimulating the steel manufacturing and construction industries
Join Nick Fulford, GaffneyCline’s senior director for Energy Transition, at the AIEN webinar on April 4 to learn about how risk allocation and commercial frameworks are now emerging to facilitate large scale investment in CCUS. To register, visit https://lnkd.in/gnmRF5nJ. #ccus #ccs #carboncapture
