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Climate change

Carbon capture, use, and storage (CCUS)

CCUS technology, at the center of CO2 emissions reduction

Carbon capture, use, and storage (CCUS) will play an important role in meeting the objective of limiting the average temperature increase of the planet to 2ºC in 2050. This technology is capable of substantially reducing greenhouse gas (GHG) emissions from fossil fuels, particularly in the electricity sector and industry.

A new energy mix

Fossil fuels will continue to be an important part of the future energy mix and CCUS will make it possible to reduce emissions in the electricity sector or other energy-intensive industries. We help develop these technologies as a member of the OGCI, through the investments made by OGCI Climate Investments fund.

A new energy mix
  • Solidia: a cement and concrete manufacturing company that has patented technology to cure concrete using CO2 instead of water.
  • Econic: a pioneering company in the development of catalytic systems that has managed to incorporate almost 50% CO2 by weight as a raw material in the production of polyols, the base of all polyurethanes.
  • Inventys: company that has developed a post-combustion CO2 capturing process, which uses a patented architecture with solid absorbent structures to avoid the high costs associated with other conventional processes.
  • Membership in global initiatives >

The challenges posed by CCUS technology

There are currently a number of pioneering projects in operation, but we must overcome a series of challenges so that CCUS technologies can be implemented quickly and extensively:

  • Establishing a suitable regulatory framework that allows these technologies to be developed.
  • Increasing our knowledge of the real underground carbon storage capacity, especially in regions like China and India.
  • Making further advances in cutting the costs of investment and operations.

The value of CCUS

Once developed at the industrial level and made ready to compete on the market with other technologies, its value contribution will be enormous:

  • The combination of natural gas and CCUS is an ally of renewable energy in the electrical system, acting in the role as a reserve backup to cover the intermittence of renewables with minimum emissions.
  • The deployment of CCUS technology necessary to fulfill the ambitions set out in the Paris Agreement in pursuit of the goal of zero net emissions in the second half of this century or even negative net emissions in mitigation scenarios below 2°C.
  • CCUS is also vital in reducing emissions in industrial sectors such as steel, cement, aluminum, chemicals, etc. — all sectors in which no alternatives for decarbonization currently exist.
  • The CO2 captured can be used in a wide array of opportunities, ranging from the formulation of polymers to obtaining fuels, as well as its use as a construction material, and manufacturing of cement.