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Market Research Report
GLOBAL CARBON SEQUESTRATION MARKETS & STRATEGIES, 2009-2030
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GLOBAL CARBON SEQUESTRATION MARKETS & STRATEGIES, 2009-2030 published by Emerging Energy Research in February, 2009. This report price starts from US $ 3750.
Abstract
Driven by industry and government urgency to preserve coal as part of the
global power generation mix, carbon sequestration is poised for significant
growth over the next two decades. The pace of carbon sequestration project
development has escalated from a few sporadic demonstrations to a
geographically dispersed pipeline growing in scale. Over 110 sequestration
projects were in the development stages as of year-end 2008 but significant
economic and commercial challenges remain.
A new study from Emerging Energy Research, Global Carbon Sequestration Markets
& Strategies, 2009-2030, analyzes the role of carbon policies in driving
sequestration development, evaluates the strategies of oil and gas players,
power companies and entrepreneurial upstarts, and measures the sequestration
industry' s long-term growth outlook.
Key trends addressed in the study include:
- Globally, EER estimates that more than US$20 billion in funding has been
earmarked to commercialize CCS, concentrated in Europe, Australia, the US,
Canada and Japan. 2009 is a crucial year, with major technology investment and
carbon policy decisions hanging in the balance.
- Big oil and gas players are leading the carbon sequestration industry
forward. The six supermajors led by BP, Shell and ConocoPhillips hold the key
for long-term global scaling of the sequestration industry. Active in several
demonstration projects, this group has targeted sequestration to unlock
production of CO2 intensive energy sources and to tap downstream synergies for
hydrogen production.
- Regional, upstream leaders become early movers. Led by StatoilHydro and
followed by Japex and Gaz de France, these players are building up
sequestration know how, and positioning sequestration as a vehicle for
international expansion.
- Enhanced Oil Recovery (EOR) remains the most attractive commercial option
for sequestration. North American players including Kinder Morgan, Denbury
Resources and Occidental Petroleum are pro-actively seeking industrial CO2-EOR
as a competitive niche. Traditional midstream oil and gas companies are also
increasing their attention to EOR and sequestration for the enormous CO2
pipeline infrastructure and CO2 marketing opportunites.
STUDY HIGHLIGHTS
Strategy Profiles
- Global oil & gas players
- CO2 aggregators, marketers and pipeline developers
- Carbon sequestration service companies
- Technology promoters active in sequestration
- Coal companies
Sequestration Market Forecasts through 2030
- Existing and planned carbon sequestration pipeline
- Market activity by region
- Forecast of carbon sequestration by sink type
- Forecast of investment in carbon sequestration 2008-2030
Sequestration Development Opportunities and Trend Analysis
- Sequestration projects by application
- Developer positioning along the sequestration value chain
- Carbon sequestration project development trends
Market Drivers and Hurdles
- Global policy trends
- Carbon legislation
- Sequestration project incentives and regulations
- Technical challenges and risks
- Economic concerns
Key Global Sequestration Markets
- Europe
- United States
- Australia
- Western Canada
Sequestration Project Developer Rankings
Table of Contents
I. EXECUTIVE SUMMARY
II. CARBON SEQUESTRATION MARKET DRIVERS
- 1. Sequestration Critical Step to Keep Coal a Viable Energy Resource
- Intensifying Carbon Concerns Accelerate Coal Plant Pushback
- Global Carbon Capture Power Project Development Picks Up
- 2. Carbon Policy Critical to Commercializing Sequestration
- 2009 Shaping up to Be a Critical Year
- Cap-and-Trade vs Carbon Tax
- Global Policy Looks Past Kyoto Protocol
- Attention Turns to Copenhagen in 2009
- CCS Hits Snag to Inclusion Under CDM at the End of 2008
- The EU Emission Trading Scheme (ETS) to Opt in CCS
- Phase III of ETS Lessens Policy Uncertainty
- U.S. Carbon Policy to Address Carbon Sequestration
- Treatment of CCS in Emerging US National Climate Bills
- US State Carbon Policy Initiatives
- Carbon Policies in the Rest of the World
- CCS a Key Priority of Australia' s Domestic
- Carbon Trading Scheme
- Regional Initiatives Lead the Way in
- Canada as Federal Policy Sputters
- Alberta Underpins Carbon Policy with CCS Ambitions
- Japan Tip-Toes Onward with Voluntary
- Cap-and-Trade Scheme
- New Zealand Emission Trading Scheme
- Unravels at the End of 2008
- Large Non-Annex 1 Nations Move Slowly
- Towards Carbon Goals
- Voluntary Carbon Markets Bolster CCS Economics
- 3. Carbon Sequestration Support Policies and Project Incentives
- US CCS Strategy Matures to Demonstration Scale
- US DOE Regional Carbon Sequestration
- Partnerships Key Funding Mechanism
- Federal Support for Clean Coal Drives CCS Demonstration
- Sequestration Tax Credits for Volume
- Based CO2 Storage to Have Limited Appeal
- US State Initiatives Support Sequestration
- European CCS Funding Focused on the Power Sector
- EU Passes Substantial CCS Demonstration
- Funding at the End of 2008
- National Support for CCS in Europe
- Alberta Leads Canada Sequestration
- Australia Clean Coal Policy Advances
- CCS Support Policies in the Rest of the World
III. PROJECT DEVELOPMENT HURDLES
- 1. Global Carbon Sequestration Activity, 1980-2008
- 2. Sequestration Applications: Technical Challenges and Risks
- Near-Term Opportunity: Depleted Oil and Gas Reservoirs Dominate
- EOR Crucial for Initial Scaling of Sequestration Strategies
- Enhanced Gas Recovery (EGR) Gains Limited Attention
- Saline Aquifers Hold Long-Term Potential, Face Upfront Risks
- Coal Bed Storage Has Big Upside, But Faces Technical Challenges
- Basalt Far From Commercial
- Exotic Storage Options Largely Impractical
- 3. Storage Capacity a Challenge for Select Markets
- 4. Regulation Hurdles Slow Sequestration Evolution
- Site Characterization and Monitoring
- Regional Analysis of Sequestration Policies
- Fluid US Regulatory Situation Evolving on Multiple Levels
- EU Negotiates Vote on Draft
- Sequestration Directive
- Australia Federal Government Takes Lead Offshore, States Onshore
- Alberta Sets up Council for Draft Regulations
- Economics of Carbon Sequestration
- Breakdown of Sequestration Costs Along Value Chain
- Race Heats up to Define Capture Costs for the Power Sector
- Upfront Costs Challenge Sequestration Site Developers
- Pipeline Costs Relatively Well Defined
- EOR Developers Seek out ‘Affordable' CO2
IV. CARBON SEQUESTRATION MARKET ANALYSIS & FORECASTS
- 1. Status of Global Carbon Sequestration Pipeline
- A Pivotal Time: Landmark Projects Starting Up in 2008 & 2009
- Financial Crisis Exacerbates Sequestration Challenges
- Carbon Sequestration Project Review by Region
- USA Leads Global Sequestration Activity
- Western Canada Places Bet on Sequestration
- Carbon Sequestration Project Development in Europe
- UK Taps CCS Demonstration as Energy Crunch Looms
- Norway Evaluates Opportunities to Benefit from Early Leadership
- Netherlands Eyes Potential for Emissions Hub
- Germans Weigh CCS Alongside
- Renewables and an Uncertain Nuclear Future
- National Energy Giants Team Up in Italy
- Poland Weighs CCS Cost Against Russian Natural Gas Dependence
- Other EU Nations Evaluate Limited Potential
- Carbon Sequestration Activity in Australia
- Carbon Sequestration Activity in Asia
- China Turns Industrial Weight Towards CCS Attracting Foreign Players
- Government Backed Japanese Industry Leads CCS Forward Domestically and
Abroad
- Southeast Asia Awaits CDM Opportunities
- Carbon Sequestration Activity in the Rest of the World
- Middle East Ponders Mega-Scale Sequestration
- 3. Global Carbon Sequestration Market Forecast, 2009-2030
- Global Sequestration Forecast Building Blocks
- EOR as a Critical Intermediate Driver for Sequestration
- Government Funding Critical Foundation for Industry Development
- Aggressive Carbon Policies Needed to Provide Long-Term Stable Price Incentive
- Cost Competiveness of CCS in a Carbon Constrained World
- Global Sequestration Forecast Scenarios, 2009-2030
- Base Case Driven by EOR until 2020
- High Growth Forecast Shows Substantial Upside
- Forecast of Investment in Carbon Sequestration 2008-2030
V. CARBON SEQUESTRATION DEVELOPER STRATEGIES
- 1. Sequestration Value Chain in Formative Stages
- Market Share of Companies Involved in Existing CO2 Injection
- Carbon Sequestration Development Rankings
- Sequestration a Natural Fit for Oil & Gas Players
- 2. Oil & Gas Industry Getting Ready to Lead
- Shell and BP Lead Supermajors in CCS Activity
- Regional Leaders Tap Sequestration for Geographic Expansion
- In North America, Independents Bid for Competitive Niche with CO2-EOR
- Midstream Energy Companies Explore CO2 Marketing, Pipeline strategies
- Upstarts Seek to Catalyze Early Activity, Look to Get Out in Front
- Oil and Gas Services Companies Explore Potential
- 3. Europeans Tap Power-Gas Strategies for Sequestration
- 4. Coal Industry Strategies Tied to Sequestration
- 5. Early Stage MMV strategies
VI. CARBON SEQUESTRATION COMPANY PROFILES
- 1. Global Oil and Gas Supermajors
- BP / Hydrogen Energy
- Sequestration Activity and Strategy
- Chevron
- Sequestration Activity and Strategy
- ConocoPhillips
- Sequestration Activity and Strategy
- ExxonMobil
- Sequestration Activity and Strategy
- Royal Dutch Shell
- Sequestration Activity and Strategy
- Total S.A.
- Sequestration Activity and Strategy
- 2. Regional and Independent Oil and Gas Producers
- Anadarko
- Sequestration Activity and Strategy
- Centrica
- Sequestration Activity and Strategy
- Core Energy, LLC
- Sequestration Activity and Strategy
- Denbury Resources
- Encana
- GDF Suez
- Sequestration Activity and Strategy
- Japan Petroleum Exploration Co. (JAPEX)
- Sequestration Activity and Strategy
- Occidental Petroleum
- Sequestration Activity and Strategy
- OMV
- Sequestration Activity and Strategy
- Pengrowth Energy Trust
- Sequestration Activity and Strategy
- Penn West Energy Trust
- Sequestration Activity and Strategy
- Santos
- Sequestration Activity and Strategy
- Star Energy
- Sequestration Activity and Strategy
- StatoilHydro
- Sequestration Activity and Strategy
- Suncor
- Sequestration Activity and Strategy
- Strike Oil Limited
- Sequestration Activity and Strategy
- Tullow Oil
- Sequestration Activity and Strategy
- CO2 Aggregators, Marketers and Pipeline Developers
- Blue Source
- Sequestration Activity and Strategy
- Dakota Gasification / Basin Electric Power
- Sequestration Activity and Strategy
- Enbridge
- Sequestration Activity and Strategy
- Enhance Energy
- Sequestration Activity and Strategy
- Kinder Morgan
- Sequestration Activity and Strategy
- M&M Energy
- Sequestration Activity and Strategy
- N.V. Nederlandse Gasunie
- Sequestration Activity and Strategy
- TransCanada
- Sequestration Activity and Strategy
- Trinity CO2 LLC
- Sequestration Activity and Strategy
- 4. Carbon Sequestration Services Companies and Technology Promoters
- HTC Purenergy
- Sequestration Activity and Strategy
- Schlumberger
- Sequestration Activity and Strategy
- Technip
- Sequestration Activity and Strategy
- Geogreen
- Sequestration Activity and Strategy
- 5. Coal Companies Involved in Sequestration
- Anglo American
- Sequestration Activity and Strategy
- Arch Coal
- Sequestration Activity and Strategy
- Peabody Energy
- Sequestration Activity and Strategy
- Rio Tinto
- Sequestration Activity and Strategy
- Solid Energy
- Sequestration Activity and Strategy
- Xstrata
- Sequestration Activity and Strategy
LIST OF EXHIBITS
I. EXECUTIVE SUMMARY
II. CARBON SEQUESTRATION MARKET DRIVERS
- 1. CO2 Sequestration Market Drivers
- 2. Coal Resource Availability, Use in Power Sector and Price Comparison
- 3. Policies Impacting Coal' s Long Term Viability without CCS
- 4. Status of Carbon Capture Power Projects Under Development
- 5. State of Global Carbon Policy Momentum
- 6. Proposed CDM Projects and Methodologies with a Sequestration Component
- 7. ETS Evolving as a Critical Driver for CCS Rollout in the EU
- 8. Carbon Reduction of Proposed Climate Change Bills in the U.S. Congress,
2008
- 9. Status of US State Carbon Policies and Regional Partnerships
- 10. Provincial Carbon Policy in Canada and Alberta
- 11. Overview of Global CCS Funding and Key Regions with Sequestration
Regulations
- 12. Overview of Sequestration Related Federal Funding in the US
- 13. RCSP Combined Project Value and Planned Sequestration by Phase
- 14. Key US State Funding Initiatives Related to Carbon Sequestration
- 15. CCS Development in Europe
- 16. National Initiatives Supporting CCS in Europe
- 17. Canadian CCS Funding and Allocation Schedule
- 18. Funding Initiatives in Australia
III.PROJECT DEVELOPMENT HURDLES
- 1. Challenges Facing Developers of CCS Projects
- 2. Sequestration Scale-up Ahead
- 3. Summary of Sequestration Sinks
- 4. Previous and Existing CO2 Injection Activity in Depleted Oil and Gas
Reservoirs
- 5. EOR Activity by Country and Largest Operating EOR Projects Using CO2
- 6. Saline Aquifer Storage Projects
- 7. Carbon Sequestration Projects in Coal Beds
- 8. Project Activity Targeting Storage in Basalt
- 9. Key Sedimentary Basins Considered for Sequestration Globally
- 10. Regulatory Hurdles Facing Carbon Sequestration
- 11. Global Matrix of Carbon Sequestration Regulation Development
- 12. US States Progressing Specific Sequestration Legislation
- 13. Status of Carbon Sequestration Regulations in Australia
- 14. Cost Breakdown of the Carbon Capture and Sequestration Value Chain
- 15. Activity Targeting Capture Cost Reduction
- 16. Investment Requirements for Key Elements of a Large Sequestration
Project
- 17. Project Cost Breakdown for CO2-EOR
IV. SEQUESTRATION MARKET ANALYSIS & FORECASTS
- 1. Select Carbon Sequestration Projects by Scale and Sink Type
- 2. Sequestration Project Activity 2007-2009
- 3. Recently Cancelled Carbon Sequestration Projects
- 4. Carbon Sequestration Project Market Share by Region, 150 Million Tons /
Year
- 5. Analysis of Carbon Sequestration Maturity by Region
- 6. US Carbon Capture and Sequestration Activity
- 7. Emerging Pockets of CCS Activity in Western Canada
- 8. Overview of European Carbon Sequestration Activity
- 9. CCS Project Activity in the UK
- 10. CCS Activity in Norway
- 11. Planned Carbon Capture and Sequestration Activity in Netherlands
- 12. Proposed CCS Activity in Germany
- 13. CCS Activity in Italy
- 14. CCS Activity in Australia
- 15. Key CCS Activity Across Northern Asia
- 16. Base Case Carbon Sequestration Forecast for EOR
- 17. Forecasted CCS Projects Leveraging Government Funding, 2009-2016
- 18. Coal Plant Demand Potential in Key Regions by 2030
- 19. EER' s Base Case Sequestration Market Forecast by Region, 2009-2030
- 20. Carbon Sequestration Market Forecast, Base Case 2008-2030
- 21. Carbon Sequestration Market Forecast, High Growth 2008-2030
- 22. Forecast of Annual Capital Outlay for CCS, 2009-2030
V. CARBON SEQUESTRATION DEVELOPER STRATEGIES
- 1. Positioning Along the CO2 Project Development Value Chain
- 2. Company Involvement in Existing CO2 Storage Projects
- 3. Developer Rankings of Carbon Sequestration Projects Announced in the
Pipeline
- 4. Crossover Between Sequestration and Traditional Oil & Gas Value Chains
- 5. Energy Companies and the Carbon Sequestration Development Continuum
- 6. Supermajors Strategic Alliance with CCS
- 7. CCS and International Growth Strategies
- 8. Company Market Share in Existing Projects Across the CO2-EOR Value Chain
- 9. Examples of Significant Ongoing CO2 Pipeline Development Activity
- 10. New Entrants Positioning along the CO2 Value Chain
- 11. Vertically Integrated EU Power-Gas Utilities
VI. CARBON SEQUESTRATION COMPANY PROFILES
- 1. BP Sequestration Activity
- 2. Chevron Sequestration Activity
- 3. ConocoPhillips Sequestration Activity
- 4. ExxonMobil Sequestration Activity
- 5. Royal Dutch Shell Sequestration Activity
- 6. Total S.A. Sequestration Activity
- 7. Anadarko Sequestration Activity
- 8. Centrica Sequestration Activity
- 9. Core Energy Sequestration Activity
- 10. Denbury Resources Sequestration Activity
- 11. Encana Sequestration Activity
- 12. GDF Suez Sequestration Activity
- 13. Japan Petroleum Exploration Co. (JAPEX) Sequestration Activity
- 14. Occidental Petroleum Sequestration Activity
- 15. OMV Sequestration Activity
- 16. Pengrowth Energy Trust Sequestration Activity
- 17. Penn West Sequestration Activity
- 18. Santos Sequestration Activity
- 19. Star Energy Sequestration Activity
- 20. StatoilHydro Sequestration Activity
- 21. Suncor Sequestration Activity
- 22. Strike Oil Limited Sequestration Activity
- 23. Tullow Oil Sequestration Activity
- 24. Blue Source Sequestration Activity
- 25. Dakota Gasification / Basin Electric Power Sequestration Activity
- 26. Enbridge Sequestration Activity
- 27. Enhance Energy Sequestration Activity
- 28. Kinder Morgan Sequestration Activity
- 29. M&M Energy Sequestration Activity
- 30. N.V. Nederlandse Gasunie Sequestration Activity
- 31. TransCanada Sequestration Activity
- 32. Trinity CO2 LLC Sequestration Activity
- 33. HTC Purenergy Sequestration Activity
- 34. Schlumberger Sequestration Activity
- 35. Technip Sequestration Activity
- 36. Geogreen Sequestration Activity
- 37. Anglo American Sequestration Activity
- 38. Arch Coal Sequestration Activity
- 39. Peabody Energy Sequestration Activity
- 40. Rio Tinto Sequestration Activity
- 41. Solid Energy Sequestration Activity
- 42. Xstrata Sequestration Activity
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