Sustainability, Energy Transition, ESG | Weekly Thematic

Carbon Capture – Increasingly the Key To Energy Transition
March 15, 2023
Companies Mentioned:
Oxy, 1PointFive, Technip Energies, Shell Catalysts & Technologies, Zachry Group, Calpine, Air Products, Climeworks, Aker Carbon Capture, Denbury, Citi, Nova Chemicals, ExxonMobil, LyondellBasell, bp, Shell, TotalEnergies, Chevron, Aramco, Sasol, Sinopec, Eni, OMV, CNOOC
Commodities Mentioned:
Subjects Covered:
Recycling, Renewables, Carbon Capture, Emissions, New Energy, The Hydrogen Economy, ESG Investing, Climate Litigation, Clean Fuels

C-MACC Weekly “CRETER” (Climate etc.)

Carbon Capture – Increasingly the Key To Energy Transition

  • Decarbonizing hydrocarbon use is in the spotlight as countries reel from a year when energy security has been higher on the agenda than energy transition.
  • Our expectation that more oil and gas, especially gas, will be needed, than in original plans is turning out to be correct but large-scale CCS was part of our view.
  • The need to align safe sequestration locations with economics and permitting is the challenge from here – Malaysia for example has ample space but no price.
  • The UK has unveiled a bold but expensive plan to support CCS and coastal European countries will likely need to do the same or lose investment to the UK.
  • Otherwise, the questions of the critical material get louder, although prices move lower, recycling targets look challenged and renewable inflation continues.

See PDF below for all charts, tables and diagrams

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