Economic Potential of DACCS and Global CCS Progress slide image

Economic Potential of DACCS and Global CCS Progress

AFRY and Gaffney Cline have revealed the significant subsurface potential for storage in the GCC countries, both in depleted gas reservoirs and saline aquifers, with the greatest opportunity found in the Rub'al Khali Basin and in the sequences beneath Kuwait. Based on this study, the current estimated storage capacity for the GCC countries is 170 Gt of CO2 - see the figure above, which shows potential locations for CO2 geological storage in the Gulf Cooperation Council region. Moreover, the AFRY and GaffneyCline study revealed that the Gulf Cooperation Council region has the potential to develop active CCUS hubs due to the availability of natural sinks and concentrated sources of CO2 emissions. Clusters of high-purity, low-cost capture industries coupled with nearby geological storage make it possible to develop hubs that could benefit from economies of scale. This study has identified 10 promising hub locations with the most favourable being in Jubail (Saudi Arabia), northern Qatar, and Abu Dhabi (see figure below). In addition to the Gulf Cooperation Council, other countries in the MENA region and wider Africa could form a potential location for CCUS hubs. The region in the north of Egypt with its current natural gas facilities and gas reservoirs has great potential. The potential for CCS in Egypt, Nigeria, South Africa, and other countries in the region is being evaluated. The World Bank Group has been aiding its partner countries on carbon capture capacity-building and the evaluation of CO2 geological storage potential. The most recent study on the potential for CCS in Nigeria was announced in 2022 (14). 3 41.6 Mt SAUDI ARABIA 4 21.3 Mt KUWAIT 2 20.8 Mt 126.8 Mt 17.7 Mt 5 6 68.8 Mt QATAR 7 26.8 Mt 9 26.4 Mt 42.5 Mt 8 10 25.9 Mt UAE OMAN oooooooooo 10 ALUMINIUM ETHYLENE ■NG PROCESSING OIL ■FERTILISERS POWER & WATER ■GTL ■LNG PROPYLENE METHANOL STEEL FIGURE 17: POTENTIAL HUBS ACROSS THE GCC COUNTRIES (SOURCE: ENERGY REVIEW MENA) (10) [31] GLOBAL CCS INSTITUTE
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