Economic Potential of DACCS and Global CCS Progress

[52] The order of magnitude difference between sub- commercial resources and commercial resources suggests a significant opportunity exists to explore, develop, and appraise storage resources globally (Appendix figure 5). The CO2 Storage Resource Catalogue can only use data in the public domain, so classifications in Appendix figure 5 likely underestimate resource commerciality because companies tend to keep their CCS project information private. In February 2022, Santos became the first company to officially claim ownership of (or "book") CO2 storage resources using the SRMS system (4). It has booked 100 Mt of storage resources in the Cooper Basin of Australia ahead of its Moomba CCS Project, which has reached its final investment decision (FID). Santos booked nine Mt of 2P (proved plus probable) resource and 91 Mt of contingent (2C) resource. CO2 STORAGE RESOURCE (Mt) 10,000,000 1,000,000 100,000 10,000 1,000 100 10 1 USA CANADA MEXICO BRAZIL CHINA AMERICAS APAC STORED KAZAKHSTAN AUSTRALIA SOUTH KOREA JAPAN MALYSIA CAPACITY INDIA PAKISTAN VIETNAM BANGLADESH INDONESIA THAILAND BRUNEI SRI LANKA NORWAY SUB-COMMERCIAL APPENDIX FIGURE 5: CO₂ STORAGE RESOURCES (WHICH ARE ASSOCIATED WITH STORAGE PROJECTS) BY COUNTRY AND SRMS MATURITY CLASS. SOURCE: OGCI ET AL. (2022) UK DENMARK EUROPE MENA UNDISCOVERED GLOBAL CCS INSTITUTE GERMANY UAE SAUDI ARABIA KUWAIT QATAR SOUTH AFRICA MOZAMBIQUE

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