CARBON CAPTURE TECHNOLOGY

Oxy, Total Partner On Carbon Capture Project In Colorado

Plant manager Jeff Smith, center, gives a tour of the Capitol SkyMine plant in San Antonio, which will capture 15 percent of the carbon dioxide emissions from the adjacent Capitol Aggregates cement plant.

Occidental Petroleum and the French energy major Total said they are partnering on a major carbon-capture project at an industrial cement plant in the United States.

The project would target capturing 725,000 metric tons of carbon per year at the Holcim Portland cement plant in Colorado so that Houston-based Oxy could buy the carbon dioxide and use it for enhanced oil recovery at its wells in Colorado or even in West Texas. Oxy is a leader in the practice of injecting captured carbon into more mature wells for additional oil extraction.

Total will help lead a joint study of the project as a key investor as Total aims to enhance its global carbon capture portfolio and technological capabilities.

Svante Inc., a Vancouver-based startup that recently changed its name from Inventys, is providing the carbon-capture technological expertise. Switzerland-based LafargeHolcim is letting its cement plants be the staging grounds.

Total and LafargeHolcim last year partnered on a similar project called CO2MENT for a cement plant in British Columbia.

"Participating in this study aligns with our goals of finding an economical pathway toward large-scale application of carbon-capture technologies to reduce emissions," said Richard Jackson, president of Oxy Low Carbon Ventures.

RELATED: Oxy moves forward on Permian 'direct air capture' plant

Oxy is working on several other carbon-capture projects, including recent plans to build a large "direct air capture" plant in the Permian Basin to suck carbon out of the sky.

Carbon Capture And Storage Market Trends, Opportunities & Growth Forecast During - 2020-2026

Jan 06, 2020

The report presents an in-depth assessment of the Global Carbon Capture And Storage including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Carbon Capture And Storage investments from 2019 till 2024.

The global carbon capture and storage market is expected to record a CAGR of 9.22% during the forecast period of 2019-2024. The major factor driving the market studied are emerging demand for CO2 injection technique for enhanced oil recovery (EOR), and strict government norms towards GHG emissions.

Oil and Gas Segment to Dominate the Market

-Carbon Capture and Storage (CCS), is aiding the oil and gas industry to mitigate greenhouse gases out of the atmosphere. Carbon dioxide stored in deep, onshore, or offshore geological formations uses CCS technologies for enhanced oil recovery that have been developed in the oil and gas industry. These technologies are proven to be economically feasible under specific conditions for oil and gas fields and saline formations.Carbon dioxide is extensively used in the oil industry for enhanced oil recovery (EOR) from mature oilfields. When carbon dioxide is inserted into an oilfield, it can mix with the crude oil triggering it to swell and thereby dropping its viscosity, helping to maintain or raise the pressure in the reservoir. The combination of these processes permits more of the crude oil to flow to the production wells.

- In other circumstances, the carbon dioxide is not soluble in the oil. Here, injection of carbon dioxide raises the pressure in the reservoir, helping to sweep the oil toward the production well. In Texas (US), for more than three decades carbon dioxide has been used in enhanced oil recovery projects, EOR constitutes over 20% of total oil production, and some fields achieve recoveries of nearly 70%.

North America to Dominate the Market

- The North America region dominated the global market share in 2018. With the growing demand for clean technology, accompanied by the growing use of CO2 in EOR practices, is likely to drive the CCS market in the countries like United States, Canada.- The United States uses 75% of the global carbon capture capacity in EOR operations, which accounts for nearly 30 Metric ton per annum.- The country introduced the FUTURE Act (Furthering Capital Carbon Capture, Utilization, Technology, Underground storage, and Reduced Emissions) under 45Q section, to provide incentives for capturing carbon dioxide produced from industrial and power sources to be used in EOR.- In February 2018, the United States passed significant financial incentives for carbon capture, utilization, and storage (CCUS) that will make capture from the lowest-capture-cost sources economically viable. With approximately 50% government financing for pipelines, over 19 million metric ton of carbon dioxide per year could be captured and transported profitably.

-Manufacture Analysis -- Generation of this Global Carbon Capture And Storages Industry is tested about applications, types, and regions with price analysis of players that are covered.

-Sales & Revenue Assessment -- Revenue, sales are planned for this Carbon Capture And Storages market, including with various essentials along yet another facet is assessed in this section for foremost regions.

-Supply and Effectiveness -- In continuation using earnings, this section studies consumption, and global Carbon Capture And Storages market. This area also sheds light on the variance between ingestion and distribution. Export and Carbon Capture And Storages significance data are provided in this part.

-Competitors -- In this section, key players have been studied depending on product portfolio, their Carbon Capture And Storages market company profile, volume, price, price, and earnings.

-Investigations and Analysis -- Carbon Capture And Storages market analysis aside from business, the information, and supply, contact information from manufacturers, consumers and providers can also be presented. Additionally, a feasibility study to asset and SWOT analysis for endeavors have been contained.

Svante, LafargeHolcim, Oxy Low Carbon Ventures And Total Launch Study For Commercial-Scale Carbon Capture And End-Use At U.S. Plant

Study targets feasibility of capturing CO2from LafargeHolcim cement plant for storage by Occidental

Regulatory News:

Svante Inc., LafargeHolcim, Oxy Low Carbon Ventures, LLC (OLCV), a wholly-owned subsidiary of Occidental, and Total (Paris:FP) (LSE:TTA) (NYSE:TOT) today announced a joint study to assess the viability and design of a commercial-scale carbon-capture facility at the Holcim Portland Cement Plant in Florence, Colorado, U.S.

The study will evaluate the cost of the facility designed to capture up to 725,000 tonnes of carbon dioxide per year directly from the LafargeHolcim cement plant, which would be sequestered underground permanently by Occidental.

"OLCV is dedicated to advancing low-carbon solutions that will enhance Occidental's business while reducing emissions," OLCV President Richard Jackson said. "Participating in this study aligns with our goals of finding an economical pathway toward large-scale application of carbon-capture technologies to reduce emissions."

The carbon-capture facility under review will employ Svante’s technology to capture carbon directly from industrial sources at half the capital cost of existing solutions. Occidental, the industry leader in CO2 management and storage, would sequester the captured CO2. Pairing carbon capture from a cement plant with CO2 sequestration is a significant step forward for the cement industry in reducing its carbon footprint.

"Being at the forefront of the low-carbon transition requires continuous innovation and partnerships," LafargeHolcim CEO Jan Jenisch said. "LafargeHolcim has significantly invested in the development of low-carbon solutions. Collaborating with Svante, OLCV and Total, we expect to realize a successful U.S. Carbon-capture project in the near future."

"Svante’s capital cost advantage, combined with progressive tax credit policies such as the 45Q tax credit in the U.S., can make carbon capture profitable across a range of large-scale industrial applications like cement," said Claude Letourneau, president and CEO of Svante Inc.

"Total has slated 10% of its annual R&D budget to make significant advances in Carbon Capture, Utilization and Storage (CCUS) technology, a key technology to curb worldwide CO2 emissions. Our investment in this joint study is directly aligned with our strategy. The learnings from this study will help us pursue our commitment to the commercial development of CCUS," said Marie-Noëlle Semeria, Senior Vice President, Group CTO at Total.

This joint initiative follows the recently-launched Project CO2MENT between Svante, LafargeHolcim and Total in Canada at the Lafarge Richmond cement plant, where progress has been made towards re-injecting captured CO2 into concrete.

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About TotalTotal is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major. www.Total.Com

About Oxy Low Carbon VenturesOxy Low Carbon Ventures, LLC (OLCV) is a subsidiary of Occidental, an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America. OLCV is focused on advancing leading-edge, low-carbon technologies and business solutions that economically grow our business while reducing emissions. OLCV also invests in the development of low-carbon fuels and products, as well as sequestration services to support carbon capture projects globally.

Cautionary Statement Regarding Forward-Looking StatementsAny statements in this release relating to expectations, beliefs, plans or forecasts, including any statements relating to the success, capability or scalability of the project, that are not historical facts are forward-looking statements. These statements are typically identified by words such as "potential," "will," "would," "should," "may," "plan," "believe," "expect," "designed to," or similar expressions that convey the prospective nature of events or outcomes. Actual results, including those related to project plans and timing and the impact and results of new technologies, including emission reductions, could vary from anticipated results. Factors that could cause actual results to differ include, but are not limited to: global commodity pricing fluctuations; supply and demand considerations for carbon capture and sequestration technologies; the competitiveness of alternative energy sources or product substitutes; higher-than-expected costs; the regulatory environment; availability of funding, personnel and materials; litigation; actions by third parties; failures in risk management; and changes in laws, regulations or tax rates. Material risks that may affect the results of Occidental and its subsidiaries appear in Part I, Item 1A "Risk Factors" of Occidental’s Annual Report on Form 10-K for the year ended December 31, 2018, and in Occidental’s other filings with the SEC.

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About LafargeHolcimLafargeHolcim is the global leader in building materials and solutions. We are active in four business segments: cement, aggregates, ready-mix concrete and solutions & products. With leading positions in all regions of the world and a balanced portfolio between developing and mature markets, LafargeHolcim offers a broad range of high-quality building materials and solutions. LafargeHolcim experts solve the challenges that customers face around the world, whether they are building individual homes or major infrastructure projects. Demand for LafargeHolcim materials and solutions is driven by global population growth, urbanization, improved living standards and sustainable construction. Around 75,000 people work for the company in around 80 countries.

About SvanteSvante offers companies in emissions-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be recycled for further industrial use in a closed loop. With the ability to capture CO2 directly from industrial sources at less than half the capital cost of existing solutions, Svante makes industrial-scale carbon capture a reality. Svante’s Board of Directors includes Nobel Laureate and former Secretary of Energy, Steven Chu; former Airbus Group’s Chief Technical Officer Jean Botti; and Steven Berkenfeld, former Head of Industrial & Cleantech Practice at Barclays Capital. To learn more about Svante’s technology, click here or visit Svante’s website. You can also connect with us on LinkedIn or Twitter @svantesolutions.

Cautionary NoteThis press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. Directly or indirectly owns investments are separate legal entities. TOTAL S.A. Has no liability for their acts or omissions. In this document, the terms "Total", "Total Group" and Group are sometimes used for convenience. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them.This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. Nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.