CCUS Industry Roadmap Development for Middle East NOC
Commercial Advisory - Environmental Products
The Engagement:
Commercial Advisory
The Client:
Middle East NOC
The Challenge:
Developing an industry roadmap for carbon capture and storage (CCUS) from scratch, based upon the emerging mineralisation CO2 storage process.
Duration:
Sep 2023-March 2024
How Energex helped:
- Advising on best practice for regulatory regimes across sub surface issues, verification & credit generation and HSSE.
- Provision of a detailed analysis of the CCUS value chain including the commercial drivers for each segment (capture, transport, storage) contractual issues and business models for CCUS projects.
- Detailed assessment of carbon markets and the different value pools for CCUS projects covering compliance, voluntary and Article 6, with a focus on price evolution and forecasts.
- Delivery of a detailed economic model for CCUS projects in the Emirate to enable to the client to assess economic returns from different business models and review proposals.
- Review and assessment of commercial Heads of Terms put forward by a potential project developer.
Tangible Impact:
- Energex was able to provide valuable support for the client during COP 28, participating in a roundtable event and a session within the Blue Zone that publicised the opportunity.
- The materials provided were key in educating the board and key stakeholders on CCUS and the potential opportunity from different participation options.
- Important support to the client’s team in its negotiation with a potential investor.