WorldWide Drilling Resource

38 MAY 2021 257 Caroline Street Punxsutawney, PA 15767 800-927-0560 • 814-427-2555 Fax: 814-427-5164 SERVINGTHECONSTRUCTION INDUSTRY Serving the Drilling Industry Essential Carbon C Adapted from Information Over the last year alone, the total capacity of carbon capture and storage (CCS) facilities operating and under development has annually by 26 currently-operating commercial CCS facilities. Efforts to decarbonize industry continue full speed ahead, with one of th yet realizing this is unattainable without CO 2 reductions from energy-intensive sectors. Projects around the globe are developing transport and storage networks. The Norwegian government and project proponents, mitted to the Langskip Project, which with the transport and storage facility, will be integral to the decarbonization of regional industry. wider CO 2 capture. Equinor, Drax, and National Grid Ventures have joined to develop the UK’s Zero Carbon Humber cluster. Northern structure. Scotland’s Acorn project is set to grow, using nearby gas and oil infrastructure for CO 2 storage. Athos, a development in A Sea Canal industrial area. In Italy, plans are to build one of the world’s largest CO 2 capture and storage centers. The United States, already home to the most operational CCS facilities, continues to lead globally by hosting 12 of the 17 new policies for CCS of any country in the world. Although multiple approaches are necessary to cut emissions, the only feasible option for mitigation in many cases is to remove C for two billion tons of CO 2 by 2060, just in the cement, iron and steel, and chemical sectors, to achieve positive climate outcomes. CC companies, is predicted to result in a boom for the use of CCS in the coming years. This move will reduce both cost and risks to gov by 2050. ENV