Neil Golding, Head of Market Intelligence at the Energy Industries Council (EIC), the world leading energy trade association, was in Brussels on 8 February 2023 to speak at the Belgo-British CCUS Seminar, organised by the British Embassy Brussels.
Here are key takeaways from his talk titled, “Supply Chain Readiness to Deliver Carbon Capture”:
- While the carbon capture industry remains in its infancy globally, it’s an area where many oil and gas contractors can and are already transferring their skills and knowledge into. As such, much of CCUS capabilities already exist in countries like the UK, which has an advanced oil and gas supply chain. However, there are concerns as to the scale of current manufacturing capacity.
- As carbon capture projects develop, we will get more of an idea of the types of companies that will move into this field. Going forward, we will also require a clearer line of scope what equipment will be needed on future projects, from the types of steel to the types of capture units.
- Gap analysis needs to be undertaken on a sector wide basis to understand where further capabilities and capacities need to be developed. Presently, there is concern as to the scale of manufacturing capacity that exists.
- For EU, UK and Norway, one possible approach to boost carbon capture efforts is to develop regional supply chain expertise rather than focusing on creating high levels of local content in each specific country.
- Many EIC member companies are already active in the sector. EIC members with engineering expertise in the sector include Bechtel, Fluor, Mott MacDonald, Worley, Wood and Petrofac. Examples of carbon capture technology providers include C-Capture, Johnson Matthey and Doosan Babcock.
Neil Golding
Director of Market Intelligence at the Energy Industries Council (EIC)