Dutch CO₂ Shipping

Motivation:

Goal7's client, an established E&P company, engaged the Goal7 team to assist in the review and screening of carbon dioxide shipping solutions to understand the full CCS value chain and the market as a whole

Our Approach:

Goal7 assessed the full CO₂ shipping market and the key players involved. Criteria was developed to assess the areas key to understanding the market, which included:

• Identifying companies that operate within each part of the value chain in similar industries - from capturing and conditioning through to storage to develop a catalogue of:
  • Companies with current involvement with CO₂
  • Companies that have involvement with fluids similar to CO₂ therefore have similar expertise
  • Companies developing CO₂ shipping concepts and where in the value chain they are located
• Review of CO₂ shipping conditions
  • Review of CO₂ transport conditions (typically termed low, medium and high pressure), including a technical understanding, market position, advantages and disadvantages, and associated risks
• Deep dive into companies with proposed CO₂ transport solutions
• Levelised cost of transportation modelled at various conditions, distances, quantities as well as other sensitivities to allow a comparison to be undertaken
• A review of the regulations and standards involved for CO₂ transportation across North-West Europe

Benefit and Impact:

Goal7 delivered an in-depth assessment of the CO₂ shipping market with the benefit of providing the client with a comprehensive understanding of the full shipping value chain and provided valuable insights into the key players involved in the process. It also provided the client with a deeper understanding of the different conditions involved with shipping CO₂ and the associated levelised costs. The output of this assessment provided the client with a better understanding of CO₂ shipping, allowing them to progress with developing into the CCS market.

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