11 selected proposals present to Climate Investment, investors and OGCI member companies to help jumpstart global CCUS industry
11 September 2018
Today in Chicago, OGCI Climate Investment is delighted to host its third investment event. The first CCUS Investments Day will provide a platform for promising technologies and projects in carbon capture, utilization and storage (CCUS) looking for support to scale their technologies and projects to commercial success.
OGCI Climate Investment is committed to invest in technologies and projects with the potential to significantly capture and utilize or sequester carbon emissions. From over 55 applications received, seven projects and four tech companies have been shortlisted from around the world. Today and tomorrow, they will pitch their ideas, technologies and projects to OGCI Climate Investment, member companies, selected financial firms, business partners and policy makers, with the view to investing and incentivizing projects to completion.
OGCI Climate Investment CEO, Pratima Rangarajan, will open the event by explaining how the investments on offer can accelerate the scalable projects and technologies needed to address the dual challenge of meeting rising energy needs while reducing greenhouse gas emissions.
The CEO of Occidental, Vicki Hollub, will use the keynote address to discuss why CCUS is an essential technology to help to assist the world to reach its climate goals; why the acceleration of CCUS technology is critical today; and what OGCI can do for the advancement of CCUS.
They will be joined by a high calibre of speakers across the critical issues of CCUS technology, policy and business models, throughout the two days. This morning, there will be a panel discussion entitled, Scaling to Action – Making CCUS Projects Happen, which will be hosted by Tip Meckel, University of Texas, and will feature Secretary Thomas Harris, Department of Natural Resources in Louisiana; Damian Beauchamp of 8 Rivers; Nathan McBride of the Louisiana Mid-continent Oil and Gas Association; Steve Whittaker, Illinois State Geological Survey; and Jonathan Briggs from the Clean Gas Project, Climate Investment’s UK-based CCUS project. Professor Franklin “Lynn” Orr from Stanford University will be interviewed by Damien Gerard, OGCI Climate Investment, on his technology perspective this afternoon and Dr S. Julio Friedmann, Senior Research Scholar at Columbia University and former Principal Deputy Assistant Secretary for the Office of Fossil Energy at the Department of Energy, will give the keynote at a formal dinner this evening.
Tomorrow, Alexander ‘’Lex’’ Mitchell of the California Air Resources Board will be interviewed by Damien Gerard, OGCI Climate Investment, on policy options for CCUS in California. There will also be a panel discussion focused on Policy & CCUS: Critical Companies to Build a Market, hosted by Doug Scott of the Great Plains Institute and featuringDavid Lowman of Hunton, Andrews, Kurth; Kurt Waltzer of the Clean Air Task Force; Steve Winberg, Assistant Secretary for Fossil Energy at the US Department for Energy; and Bob Perciasepe of the Center for Climate and Energy Solutions.
With an at capacity audience of over 170 representatives from the OGCI member companies, finance, industry, and policy makers, this event is set to have a significant impact on perception and investment in CCUS.
OGCI aims to work with governments and across industry to facilitate the necessary market conditions for investment in hubs and projects by our member companies, governments, OGCI Climate Investment and other independent investors.
The 11 projects and companies presenting at CCUS Investments Day are:
- Compact Carbon Capture
- California Resources Corporation
- DTE California Carbon Capture Program
- Lake Charles Methanol
- Mosaic Materials
- Pacific Ethanol
- Solid Carbon Products
- Sustainable Energy Solutions
- Wabash Valley Resources