Project
January 2023
Opportunities and Risks of CCS Deployment
Project Phases
- Identify
- Evaluate
Technology Areas
- CCUS
Service Areas
- Strategic Advisory
- Concept & Project Development
Project Location
- UK
On behalf of Goal7's client who aimed to expand their Carbon Capture and Storage operations (CCS), Goal7 prepared a key knowledge document to present opportunities and risks associated with CCS developments. The purpose of this document was to align the client company on the key considerations that would support informed business decision making on both current and future CCS projects
Motivation:
On behalf of Goal7's client who aimed to expand their Carbon Capture and Storage operations (CCS), Goal7 prepared a key knowledge document to present opportunities and risks associated with CCS developments. The purpose of this document was to align the client company on the key considerations that would support informed business decision making on both current and future CCS projects
Our Approach:
Goal7 captured knowledge, applied it in a commercial context, and created a 'whitepaper' to be shared with the company's leadership. The output of this exercise involved:
- Screening frameworks for Carbon Capture and Storage sites
- Evaluating risks associated with storage sites
- Evaluating work programmes required to support licencing rounds
- Business model comparison
- Aligning projects within existing stage gate and risk management processes
Benefit and Impact: Goal7 proposed and outlined several organisational areas that should be strengthened to assist the successful implementation of CCS projects. Since the 'whitepaper', Goal7 has continued to work with the client in maturing prospects in their Carbon Capture and Storage operations.
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