High-Level CCUS Hubs Screening Assessment for Algeria and Egypt
Project description
As of today, CCUS (Carbon-dioxide (CO2) capture, utilization, and storage) is recognized as one of the critical technologies for global climate change mitigation. Especially for fossil fuel-based economies such as the Middle East and North Africa (MENA) region, CCUS can be used to address supply chain emissions in fossil fuel production as well as emissions from industrial and power sector fossil fuel use. The development of CCUS as part of priority energy-industry-hydrogen hubs, with the use of shared CO2 transport and storage infrastructure, is widely seen as the most cost-effective approach to large-scale CCUS development. The hubs and clusters model creates economies of scale for CCUS development, and at the same time enables industries to exploit and leverage synergies between CCUS and other technologies.
The World Bank reached out to Carbon Limits to uncover more about the current status of hubs globally and to commission a high-level screening in order to identify potential CCUS hubs in Egypt and Algeria. Over a relatively short 3 months period , Carbon Limits reviewed the current situation of CCUS hubs globally, identified potential CCUS hubs in Algeria & Egypt, and assessed one potential case study hub per country. The case study analysis involved a high-level assessment of CO2 sources and sinks in order to identify the most promising CCUS hub(s) to be developed.