CO2 Capture Project
Eight global energy companies have joined forces to research and develop sophisticated technology for separating carbon dioxide (CO2) and subsequently storing it in geological formations. This may result in an environmentally friendly supply of energy to the world’s population at competitive prices.
Phase 1 of the project was carried out in the years 2000 – 2004. Technologically sophisticated development work revealed a cost-cutting potential of more than 50% per tonne of CO2. Participants in Phase 1 were BP, Chevron Texaco, EnCana, Eni, Hydro, Shell, Statoil and Suncor.
In view of the promising results from Phase 1, it was decided that the project should continue through Phase 2 in the period 2005-2007. The goal is to further develop the best technologies from Phase 1, so that the building of a pilot facility can start in 2008.
A Hydro-developed technology, based on hydrogen-conducting membranes, offered the best cost-cutting potential, but there are a number of challenges and commercialization is a long way off. Hydro will continue its active contribution through CCP’s technical working groups.
CO2 Capture Project