Case study summary

Carbon capture, utilisation, and storage (CCUS) plants are crucial for mitigating climate change and supporting the transition to a low-carbon economy. CCUS technology captures carbon dioxide emissions from power plants and industrial processes before they reach the atmosphere, reducing greenhouse gas concentrations and helping to meet international climate targets. The technology scores highly for its ability to retrofit the existing infrastructure and allow continued use of facilities that might be too early to be retired. CCUS is also valuable for decarbonising hard-to-abate sectors like cement, steel and chemicals. But the biggest challenge so far has been economic viability and scalability.

The world’s first utility-scale natural gas-fired power plant with nearzero atmospheric emissions by NET Power could usher in a change. The project fully integrates power production with transportation and underground sequestration of carbon dioxide. The new plant will be built near Occidental’s Permian Basin operations and is expected to be online by late 2027 or mid-2028.

Organisations involved: 8 Rivers Capital, Baker Hughes, NET Power, Occidental Petroleum

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