The Global CCS Institute has opened a new office in the Masdar City Free Zone in Abu Dhabi.
Announcing the opening today (8th April), the Institute said the region could be central to short- to medium-term growth in global CCS deployment.
The news comes amidst the rapid expansion of CCS around the world as the focus on reaching net zero commitments intensifies. The Gulf Cooperation Council states, which produce 25% of annual global oil output, has said CCS is integral to its low-carbon plans.
Commenting on the opening, Global CCS Institute CEO, Brad Page, said, “The coming decade may feasibly see CCS take off in the region, as the GCC states look to diversify their economies, further establish leading-edge industry and protect their roles as leading energy exporters.”
“As the world’s foremost CCS think tank, we are enthusiastic about playing a role in accelerating CCS deployment across the Gulf Cooperation Council as climate action and energy security becomes increasingly critical.”
Some projections estimate CCS projects in the region could grow fifty-fold, from two to over 100 million tonnes of CO2 captured per annum by 2040.
“This exciting development means the Institute will be able to support the development of the CCS community in the region as well as using our expertise to serve the world-class organisations looking to deploy CCS projects,” Page concluded.