Lasse Sander Tobiasen
August 24, 2023
6 tips on de-risking carbon capture project development at your cement plant
While carbon capture presents a light of hope, its widespread adoption is challenged by significant costs as well as various technical and commercial risks that need to be aptly managed. Project developers must follow well-tested project delivery models and manage project risks to successfully deliver a carbon capture project.
- Identify technological limitations, potential operational challenges, and environmental impacts before they escalate into costly setbacks
- Take informed decisions
- Allocate resources efficiently
- Design strategies that ensure long-term viability
- Boost investor confidence
- Minimise energy waste
- Reduce environmental footprint
- Reduce operational costs
- Demonstrate commitment to sustainability and responsible business practices
- Enhance relationship with investors
- The capture technology and its integration with the existing assets as well as the associated investment and operational costs
- The proximity to storage (or utilisation) alternatives and the associated market drivers including transportation options and costs. Transport and storage costs are a very large part of overall OPEX costs for the whole capture project value chain and commercial arrangements with storage providers are needed before a final investment decision can be made
- Options for financing, often through a split between balance sheet equity, project finance and grant funding
- Guides you through all project stages from feasibility, outline design, basic design to financial close and commercial operation
- Ensures that key stakeholders are informed on development costs and risks to be able to make go/no go decisions
- Follows a solid time schedule
Want to know more?
Lasse Sander Tobiasen
Chief Consultant
M: +45 51 61 09 93