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Building a Profitable CCS Project: How to Integrate Technical Data into Strategic Business Decisions

๐—•๐˜‚๐—ถ๐—น๐—ฑ๐—ถ๐—ป๐—ด ๐—ฎ ๐—ฃ๐—ฟ๐—ผ๐—ณ๐—ถ๐˜๐—ฎ๐—ฏ๐—น๐—ฒ ๐—–๐—–๐—ฆ ๐—ฃ๐—ฟ๐—ผ๐—ท๐—ฒ๐—ฐ๐˜: ๐—›๐—ผ๐˜„ ๐˜๐—ผ ๐—œ๐—ป๐˜๐—ฒ๐—ด๐—ฟ๐—ฎ๐˜๐—ฒ ๐—ง๐—ฒ๐—ฐ๐—ต๐—ป๐—ถ๐—ฐ๐—ฎ๐—น ๐——๐—ฎ๐˜๐—ฎ ๐—ถ๐—ป๐˜๐—ผ ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐—ถ๐—ฐ ๐—•๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€ ๐——๐—ฒ๐—ฐ๐—ถ๐˜€๐—ถ๐—ผ๐—ป๐˜€
Carbon Capture and Storage (CCS) projects face significant risks, particularly in subsurface conditions, which can impact storage integrity and lead to leakage concerns. The integrated approach is key for a successful and financially viable CCS project.

๐—˜๐—ป๐˜€๐˜‚๐—ฟ๐—ถ๐—ป๐—ด ๐—ฉ๐—ฒ๐—ป๐˜๐˜‚๐—ฟ๐—ฒ ๐—ฆ๐˜‚๐—ฐ๐—ฐ๐—ฒ๐˜€๐˜€
1-๐—œ๐—ป๐˜๐—ฒ๐—ด๐—ฟ๐—ฎ๐˜๐—ฒ๐—ฑ ๐—”๐—ฝ๐—ฝ๐—ฟ๐—ผ๐—ฎ๐—ฐ๐—ต: Combining reservoir characterization, subsurface modeling, and testing early in development reduces uncertainties and aligns with business strategies.

2-๐— ๐—ฒ๐—ฒ๐˜๐—ถ๐—ป๐—ด ๐—ฅ๐—ฒ๐—ด๐˜‚๐—น๐—ฎ๐˜๐—ผ๐—ฟ๐˜† ๐—ฅ๐—ฒ๐—พ๐˜‚๐—ถ๐—ฟ๐—ฒ๐—บ๐—ฒ๐—ป๐˜๐˜€: Meeting EPA Class VI requirements (e.g., Area of Review & Corrective Action Plans, Testing & Monitoring) is critical for project success.

3-๐—•๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€ ๐—œ๐—ป๐˜๐—ฒ๐—ด๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป: Aligning technical insights with broader business goals enhances feasibility, profitability, and stakeholder confidence in CCS ventures.

WAY FORWARD: INTEGRATION KEY FOR CCS SUCCESS

For a CCS project to succeed, technical insights from subsurface testing and modeling must be seamlessly integrated into broader business strategies. This integration enables data-driven decision-making, providing a clearer understanding of project feasibility, cost implications, and potential risks. By aligning technical rigor with business objectives, CCS developers can gain stakeholder confidence, enhance project efficiency, and ultimately achieve a financially viable, sustainable CCS venture