Julia Attwood, BloombergNEF’s Industrial Decarbonization Specialist, joins Dana to discuss expanding opportunities to use captured CO2 and growth in storage capacity for this gas. They also talk about momentum in large-scale chemical recycling of plastics and potential decarbonization of the steel and cement sectors.
The expanding opportunities for captured CO2 usage and the growth in storage capacity for this gas in the industrial decarbonization space.
The potential bottlenecks and challenges in permitting and technical aspects of CO2 storage for carbon capture and direct air capture, including community resistance and developments in Asia, Europe, and the US.
Deep dives
Materials in 2024: Bottlenecks and Progress in Decarbonization
Julia Atwood, an industrial decarbonization specialist at B&EF, highlights potential bottlenecks for carbon capture, storage, and direct air capture. She discusses the future of CO2 storage, including progress in capacity additions and announcements. The focus also shifts to chemical recycling, with insights on plant commissions and supply chain challenges. Additionally, the podcast explores green steel and the use of hydrogen in the decarbonization of steel manufacturing. Lastly, the discussion covers the growing demand for green cement and the transition finance as a crucial tool for industrial decarbonization.
Breaking Down the Challenges of CO2 Storage
Julia Atwood explains the permitting issues and technical challenges related to CO2 storage for carbon capture and direct air capture. She highlights the progress made in allowing states to handle the permitting process, potentially speeding up applications and reducing waiting times. However, pipeline permits continue to face community resistance, creating further obstacles. The discussion also touches on CO2 storage developments in Asia, Europe, and the US.
Transitioning to Green Steel and Promoting Circular Economy
The podcast explores the potential of green steel production in Canada, Brazil, and the Middle East, driven by access to high-quality iron ore and affordable hydrogen. The conversation addresses the complexities and cost challenges involved in the manufacturing of green cement. The importance of securing off-take agreements and ensuring a just transition is highlighted, emphasizing the need for green job creation and domestic industry support.
On today’s bonus episode of the podcast, Dana is joined by BloombergNEF’s Industrial Decarbonization Specialist, Julia Attwood, to discuss what to watch in this space in 2024.
Together they talk about the expanding opportunities to use captured CO2 and the growth in storage capacity for this gas, the momentum in large-scale chemical recycling of plastics, and the potential decarbonization of the steel and cement sectors.
Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal, on bnef.com or on the BNEF mobile app.