Oil-rich Norway and Saudi Arabia could group into a mini “carbon OPEC”, or a lobby group to get the mass scrubbing and storage of carbon dioxide approved by the United Nations as a clean development mechanism project.
Saudi Arabian Oil Minister Ali al-Naimi called Norway’s proposal to work together for the mass storage of carbon “very interesting”, Norwegian newspaper Dagens Næringsliv has reported. Norway boasts an active program to foster innovation in carbon capture and storage, or CCS, while the desert kingdoms of the Middle East have revealed plans for carbon-neutral cities.
Al-Naimi, whose country will produce 8,600,000 barrels of per day this month, could reap enormous added value for the carbon in Saudi Arabia's oil, while preserving oil’s acceptance as a fuel.
In Norway, mass storage is offered in the giant salt-water aquifer called Utsira below the Sleipner field in the North Sea, and only the development of a reliably large source of industrial carbon, expected by 2014, slows Norwegian CCS. With control of mass storage, Norway could disproportianately influence the price of carbon should CCS become part of a worldwide trade in carbon credits.
Saudi Arabian Oil Minister Ali al-Naimi called Norway’s proposal to work together for the mass storage of carbon “very interesting”, Norwegian newspaper Dagens Næringsliv has reported. Norway boasts an active program to foster innovation in carbon capture and storage, or CCS, while the desert kingdoms of the Middle East have revealed plans for carbon-neutral cities.
Al-Naimi, whose country will produce 8,600,000 barrels of per day this month, could reap enormous added value for the carbon in Saudi Arabia's oil, while preserving oil’s acceptance as a fuel.
In Norway, mass storage is offered in the giant salt-water aquifer called Utsira below the Sleipner field in the North Sea, and only the development of a reliably large source of industrial carbon, expected by 2014, slows Norwegian CCS. With control of mass storage, Norway could disproportianately influence the price of carbon should CCS become part of a worldwide trade in carbon credits.
Source: Scandoil
No comments:
Post a Comment