Carbon capture often means transporting the carbon to sites either by pipe, ship or road, could a new bit of tech slash those costs across Europe?
Xodus has launched what it claims is a groundbreaking tool to help users navigate the complex economics of CO2 transport across the continent.
The interactive dashboard, developed in collaboration with the Carbon Capture Storage Association (CCSA), allows users to calculate the costs of moving carbon to any offshore storage site within the EU, EEA and UK.
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This new dashboard provides real-time economic modelling, helping emitters, storage operators and policymakers understand costs and demand while optimising infrastructure access.
It’s a vital tool in Europe’s effort to reduce CO2 storage costs and enhance the efficiency of carbon capture, utilisation and storage (CCUS) across borders.
“The future of CCUS in Europe, as well as effective climate action, hinges on deploying CCUS across Europe,” said Olivia Powis, CEO of CCSA.
She emphasised that breaking down policy barriers between the EU and UK could cut CO2 storage costs by 20%, saving billions annually.
James Monnington, Xodus’ Global Geospatial Director said: “It will help emitters, storage operators and policymakers determine the solutions that make the most sense economically.”
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Launched alongside the CCSA’s report on creating a Europe-wide CO2 storage market, this tool is set to drive innovation and enable smarter, more scalable carbon storage solutions.