Posts by Phatchaya Piriyathanasak
Welligence CCUS | OBBBA and CO2-EOR economics: helpful, but oil price is king
OBBBA raises the 45Q tax credit for enhanced oil recovery (EOR) from US$60/t to US$85/t, aligning it with the credit for permanent storage. In this…
Read MoreUS CO2 Storage – Class VI Momentum and OBBBA Effects
Class VI wells are designed specifically for the permanent geologic sequestration of CO₂ in deep subsurface formations. These wells are regulated under the U.S. Environmental…
Read MoreCCUS growing pains – progress and what to expect next
Carbon Capture, Utilization, and Storage (CCUS) projects continue to garner significant global interest, despite the overall pace of activity remaining slow. This note reviews the…
Read MoreUntangling UK CCUS Track-1 Incentives: A Summary of Cost Support Mechanisms
As part of its broader decarbonization strategy, the UK aims to establish a self-sustaining Carbon Capture, Utilization, and Storage (CCUS) market. Achieving this goal requires…
Read MoreCCUS | Power Generation from Bioenergy with Carbon Capture and Storage (BECCS): Can it be profitable?
Bioenergy with Carbon Capture and Storage (BECCS) is emerging as a key solution for CO₂ removal, offering the unique advantage of negative emissions while generating…
Read MoreWelligence CCUS | EPA Approves First Permit for Onshore Carbon Capture and Storage in California
California Resources Corporation (CRC) secured the first-ever Class VI permit from the Environmental Protection Agency (EPA) for the underground injection and storage CO₂. This permit…
Read MoreWelligence CCUS | Green lights for North Sea CCS: pioneer projects get the go-ahead in the UK and Denmark
On 10 December 2024, the UK and Denmark announced Final Investment Decisions (FIDs) for key carbon capture, and storage (CCS) projects. These approvals mark essential…
Read MoreWelligence CCUS | Can CCS secure a long-term future for coal?
In April 2024, The Environmental Protection Agency (EPA), under Section 111 of the Clean Air Act, defined new standards to achieve a 90% reduction in…
Read MoreWelligence CCUS | Storage Outpaces Capture: Trends and Implications for E&Ps
Since 2020, global CO2 capture capacity has surged by 267%, while CO2 storage capacity has outpaced this, growing by 482%. As of the end of…
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