The Global Carbon Capture and Storage Initiative (Global)
The Global Carbon Capture and Storage Initiative (Global) is an international effort to reduce the amount of carbon dioxide released into the atmosphere. It seeks to develop and promote the safe, secure, and cost-effective capture, transport, and storage of carbon dioxide from large-scale sources such as power
Carbon capture and storage (CCS) is a process by which carbon dioxide (CO2) from industrial installations or natural sources is separated before it is released into the atmosphere, then transported to a long-term storage location. The CO2 is captured from a large point source, such as a natural gas processing plant and is typically stored in a deep geological formation. Around 80% of the CO2 captured annually is used for enhanced oil recovery (EOR), a process by which CO2 is injected into partially depleted oil reservoirs in order to extract more oil and then is largely left underground. Since EOR utilizes the CO2 in addition to storing it, CCS is also known as carbon capture, utilization, and storage (CCUS).