VALUE CHAINS AND MARKET DEVELOPMENT

For CCS technologies to be realized globally, it is the near-term actions that count. Industry, governments and many other stakeholders need to work together to lower the cost of CCS while increasing the cost of unabated emissions, to a point where CCS becomes financially viable. Cross-industry initiatives and integration can help to scale CCS markets, such as through building CO₂ transport hubs and connecting industrial clusters.

Challenges:

• Many different technologies, companies and regulators are involved across the value chain
• Different parts of the value chain will be driven by companies and sectors that may not have worked together before
• Companies will need to balance risk and reward as they pioneer a new industry
• Social license needs to be built, and community trust in CCS nurtured.

DNV is supporting CCS projects across the entire value chain

With technical, financial, knowledge management and risk management experts, DNV is well positioned to advise at the systems level and across the CCS value chain.

Key services include:

• Value chain assessment and integration services
• HSE risk assessment and management
• Project risk assessment
• Compliance/regulatory services
• Value chain analysis for CO₂ utilization concepts
• Independent project review / due diligence
• Business cases and market assessments
• Cost benchmarking.

DNV is innovating together with industry pioneers to develop CSS markets and achieve commercial scale

DNV believes that innovation is essential to the deployment and adoption of CCS at scale, and that innovation needs to happen as part of a shared journey to deliver on environmental goals for industrial decarbonization – within the time-constrained reality. 

DNV inspires, facilitates and supports the realization of innovative and breakthrough technology in CCS, and can build the foundations for the safe and effective deployment of CCS in a way that builds verifiable trust. 

Key services include:

• HSE risk assessment and engagement strategies to build trust
• Prototype and pilot technology testing for early-stage technologies
• Provision of information products to support strategy and decision- making
• Market assessments
• CCS competency development and training modules
• Knowledge sharing
• Social license and community trust building strategy support.