Over the past year, it has become increasingly clear that decarbonizing production and energy procurement is currently still very expensive and complex. The expansion of the electricity grids is slow and increasingly expensive as the scale increases. And green hydrogen is currently only available in small quantities and is very expensive. An alternative and very effective solution could be the development of CO2 infrastructures including CO2 storage. Together with our shareholder OGE, we at evety have been able to gain significant experience in this area over the last two years and want to make this available to our customers with immediate effect.
The capture of CO2 and the corresponding transportation, storage and use are of interest to producers and/or users of large quantities of CO2 as well as potential infrastructure operators.
1. CO2 producers
Companies that emit very large quantities of CO2, such as steelworks, cement works and power plants, need solutions to achieve their internal and external targets. Cement plants in particular can be highlighted here, as the emission of CO2 is part of the production process and cannot be reduced even with the purchase of renewable energies.
For these companies, CO2 capture can be an attractive and cost-effective solution for achieving external and internal decarbonization targets. Provided that infrastructure for transportation and storage is within reach. Accordingly, we recommend examining in a timely manner whether there is a solution for capture, transportation and storage and at what cost it can be developed. And to place this in the context of alternative paths to decarbonization. Such as the use of green hydrogen, for example.
2. CO2 infrastructure operators
The development of CO2 infrastructure and CO2 storage is a future market that can exist as an alternative to, but also in parallel with, the expansion of electricity and hydrogen networks. And it has the potential to be a profitable market at an early stage. This is what makes CO2 and the necessary infrastructure in particular so attractive. Infrastructure operators and infrastructure investors should evaluate this future market promptly in order to be able to benefit from it in the future.
3. CO2 consumers
Due to the current regulatory situation, it is still difficult to identify clear customers for captured CO2. However, we believe that, as with blue hydrogen, the requirements for CO2 as a raw material in sustainable products will be relaxed in the future. This will enable the production of renewable fuels from captured CO2, for example. And thus significantly increase the number of CO2 consumers.
We provide support in the analysis of CO2 infrastructure
Through our cooperation with OGE, we have gained extensive experience in the development of CO2 infrastructure. And now we want to support you in analyzing this new market and making the right decisions at an early stage. We support both producers of CO2 in analyzing the costs and access to the necessary CO2 infrastructure. As well as potential CO2 infrastructure operators in analyzing the technical challenges and the business case of this new business area. Our approach of accompanying our partners from strategy to implementation also helps here.
