Potential Economic Opportunities of Developing a CCUS Industry in Guangdong
-
Abstract
Carbon Capture, Utilisation and Storage (CCUS) as one of the most promising low-carbon technologies to curb greenhouse gas emissions will bring in significant opportunities for energy, manufacturing, construction, engineering services, and financial service industries. This paper firstly analyzes the contribution to CO2 emission reduction, potential commercial opportunity from CCUS supply chain, equipment and technical requirements, the reasons of seabed sequestration with commercial CCS demonstration projects in the United Kingdom. Then the industrial opportunities for Guangdong province from CCUS technique are discussed. The results show that the global CCUS market has not yet achieved a stage of rapid growth and therefore seizing the opportunities for industry will require early preparation of enabling policy frameworks and the development of CCUS demonstration projects. We cannot wait for this to happen before developing the CCUS industry and indeed most of the technology and equipment required already has applications in non-CCUS related industries. Based on the cooperation of equipment manufacturing industry and energy service companies at home and abroad, the CCUS industrial development and cost reduction will have a good prospect.
-
-
DownLoad: