Following Dr. Welch's recent Hydrogen reports, Hydrogenated and Is Hydrogen's Launch Just Around the Corner?, the next series in our Technical reports is focusing on Carbon Sequestration.
In this report, Dr. Welch has highlighted many of the factors needed to be addressed during carbon sequestration project development to reduce risk. The potential scale of carbon dioxide (CO2) sequestration is poised to match or surpass that of the current oil and gas industry, given the volumes needed in certain net-zero emissions scenarios by 2050. Fortunately, the United States has many potential reservoirs capable of containing such a massive amount of CO2. Depleted oil and gas reservoirs, in particular, are an attractive option due to their proven storage longevity, given the millions of years needed for hydrocarbon formation and accumulation. Nonetheless, several other factors must also be considered in determining the viability of a sequestration site. As the first sequestration projects receive public scrutiny and prove their effectiveness, broader acceptance and increased investment are expected to follow, propelling this new tool for reducing carbon emissions forward in the energy sector.
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