Governments, businesses, and consumers around the world are navigating the complexities of the energy transition, surrounded by a flood of new products, technologies, and commodities—all promising to drive a sustainable, green economy. However, amid these numerous offerings and ambitious claims, the challenge remains: how can we ensure that these emerging solutions genuinely contribute to a transparent, reliable, and robust energy transition?
This white paper examines the critical role of Carbon Capture and Storage (CCS) and Carbon Capture and Utilisation (CCU) technologies in global decarbonization efforts, particularly for hard-to-abate industries with significant CO2 emissions. CCS focuses on permanently storing CO2 in geological formations, while CCU repurposes captured CO2 for industrial applications. Both technologies are essential to achieving emissions reductions across various sectors, including waste treatment and CO2 removal processes.
The paper addresses the full CCS/CCU value chain, exploring CO2 capture, transportation, and geological storage methods, along with the key challenges these technologies face, such as project financing, ensuring mechanical integrity, regulatory gaps, and the risks of greenwashing.
The Testing, Inspection, and Certification (TIC) industry plays a vital role in overcoming these challenges by providing independent assessments throughout the project lifecycle. TIC companies ensure compliance with evolving standards, validate the mechanical integrity of assets, and promote ethical and sustainable practices. By offering technical expertise and supporting the development of industry regulations, TIC companies help safeguard the transparency, safety, and long-term viability of CCS/CCU projects, fostering genuine contributions to global decarbonization efforts.
Read the full paper here.