The carbon capture project that couldn’t: Chevron misses targets for its huge Australia facility. If one of the richest companies on earth can’t get CCS to work as promised, what does that say about the embattled technology? CCS faces a number of formidable hurdles: The technology is not yet cost-effective at scale, and critics contend that it isn’t reliable. This summer, it was revealed that one of the world’s top CCS projects is lagging far behind on its targets. Project owner Chevron admitted breaching the terms set by regulators for the approval of its $54 billion Gorgon liquefied natural gas processing hub in Australia after the CCS plant attached to the project failed to meet the guidelines set for carbon storage. The CCS plant, Australia’s largest, was supposed to lock away 80 percent of Gorgon’s gas field emissions over its first five years, a period that ended in July 2021. But at that point, the CCS facility, which only began operating two years ago, had captured just 5 million metric tons of CO2. By one analyst’s calculations, it should have captured approximately another 4.6 million metric tons to meet its commitments, meaning it had a shortfall of around 48 percent.
Canary Media 1st Oct 2021 read more »