Collect CO2 gas for oil extraction

The amount of CO2 collected from the air will be used to extract oil from mines deep underground.

American oil producer Occidental Petroleum is partnering with Canada-based Carbon Engineering, to build a direct CO2 gas-gathering plant from the Permian region , America's largest shale oil field. in West Texas and Southeast New Mexico.

Speaking on the sidelines of the US state's CO2NNECT 2019 conference on May 21, Steve Oldham Carbon Engineering CEO Steve Oldham said that the amount of carbon dioxide collected from the air would be used to extract oil from deep mines. ground. In addition, the amount of carbon dioxide is also used for indoor heating or vehicle operation.

The Permian region, where Occidental Petroleum chooses to build a factory, collects CO2 directly from the air.

According to the plan, the construction project of the factory starts in 2021 and takes 2 years to complete. According to Oldham, the plant will be 100 times larger than any other direct gas collection plant in the world and run on a mixture of natural and energy gas. In the framework of cooperation, Carbon Engineering Company will provide the CO2 generated by Occidental Petroleum, a Canadian-based investor with a lower cost than organic CO2 currently in use today. .

Carbon Engineering Company has been collecting CO2 by a pilot factory since 2015. The company is currently leading the CO2 market, along with Swiss Climeworks and the US company Global Thermostat.

New method to capture CO2.

CO ₂ is thought to be the "culprit" that contributes to the rise of the Earth's temperature. The International Energy Agency (IEA) stressed the need to collect carbon, in order to limit global warming to 2060 below 2 degrees Celsius.

In the fourth annual report on world energy investment published on May 14, IEA called on the world to double investment in renewable energy, while cutting down on investment in oil and coal. stone, before 2030, is expected to achieve the objectives set out in the Paris Agreement on climate change 2015.

Global CO ₂ emissions still increase, even when coal consumption decreases and renewable energy explodes

Renewable energy capacity has reached record levels and global coal consumption may have peaked. But the world's CO ₂ emissions from fossil fuels still increased in 2018, which could make global warming goals difficult.

Global carbon budget: Emissions 2018.

According to a new estimate from the Global Carbon Project , an initiative led by Stanford University's Rob Jackson, global fossil fuel emissions are still on the rise for the second year in a row, mainly due to energy use is increasing.

Mr. Jackson, professor of Ground System Science at Stanford University's School of Earth Sciences, Energy & Environment, said: 'We thought, perhaps it was hoped, that emissions peaked a few. last year. However, after two years the number increased again, thinking it was just a dream. '

The team estimates that global CO2 emissions from fossil fuels (currently fighting about 90% of total human emissions) reach a record high of more than 37 billion tons in the year. 2018, an increase of 2.7% compared to 2017. This increase is also higher than the 1.6% increase in 2017.

'Global energy demand is far exceeding the strong growth of renewable energy and energy efficiency,' Mr. Jackson said. 'Time is passing very fast, while we struggle to curb the rise in global temperature by no more than 2 degrees Celsius'.

1. Operate CO2 capture and storage plant
2. Video: Swiss factory specializing in exhaust fumes for resale