An energy and Net Zero expert has said the next five years will be crucial as a proving ground for carbon capture and sequestration as well as other Net Zero technologies – and regulation and trust will be fundamental to the pace of development.
Worley analyst and Group Senior Vice-President Jim Lenton was interviewed for the forthcoming gasworld US issue on clean fuels. He said that progress so far in many areas of the Net Zero drive had been slower than hoped, with a lack of trust being part of the picture.
“For example, carbon capture is in development, and a key question for those involved is how well they can monetise the capturing and storing of carbon dioxide (CO2),” said Lenton, noting that there are technical, regulatory, and tax-incentive dimensions to that question.
Some developers are interested, he said, in whether they can create carbon sequestration as a service. Bayou Bend, a CCS joint venture founded by Chevron, TotalEnergies and Equinor in Southeast Texas, is an example of this.
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