Collaboration is required to make CCUS a reality. The technology has been in use for more than 20 years, but needs governmental support – through a carbon price and other policy measures – to accelerate its deployment. Through the Oil and Gas Climate Initiative, we are working to identify the policy mechanisms that may best enable the roll out and scale-up of CCUS on a regional basis.
BP has worked on the development of CCUS for many years with a project in Algeria, as well as through the CO₂ Capture Project, which is piloting technology and demonstrating secure geological containment.
At BP, we are exploring near term opportunities to deploy CCUS in our own operations, projects and products. For example, as part of a joint venture in the United Arab Emirates, we are using CO₂ from industrial processes to enhance oil recovery.
Carbon is captured and stored, typically in underground geological formations. The captured carbon can be injected into oil fields to stimulate production or be used to create building and other materials.