Transforming Business : DW : May 17, 2024 5:15am-5:31am CEST : Free Borrow & Streaming : Internet Archive (2024)

it's always dreamed of and gets married again. that's all for now the w business of next lots of what the germany can learn from norway in the us when it comes to capturing and storing c o 2. i'm on municipal stay with us. the music can be destroyed. you can try, but it's impossible to see perform for head lice in our smith the he was the nazis, the 2 musicians who lives in the savannah office. austin, film about the sounds of power and inspiring story about the volume. music under the swastika stuffs may 25th on d,

w. y, or norway, and the us ahead on carbon capture in storage. and what is it exactly? both countries benefit from the technical know how of their oil and gas industries . while the tech is found in germany, the usa in norway are investing heavily in this little region. government has just bought this old model to projects. was 80 percent funded in our regions are more technology optimist to keep the germans on this edition of transforming business will explore white and brad like norway heidelberg materials began re bouncing a cement factory last year. they're installing a c c s plant without disrupting daily operations. the german company wants to launch the world's 1st net 0 cement produced using carbon capture and storage.

here's how it works. an industrial facility like this one in brand vegas separates and captures the c o 2 from it. smoke stack emissions to c, o. 2 is liquefied and shipped to a storage location and then it's injected through a pipeline up to 3 kilometers under the c bed. it's a deep sandstone formation to c o. 2 can also be stored online and transported by truck rail or pipelines. the c o 2, some traffic will try by 300 nautical miles to our you garden. then it will be injected into a pipeline and stored off the norwegian coast of the storage facility is called northern lights. it belongs to shell. total energy use and ecuador will return to the role of oil and gas companies laser. so why is it so hard to produce demand with that carbon emissions is the main ingredient also

of estimate and in the killed process, there's a lot of students who are coming out of the live stones. this is yeah, and toilet and he's a 30 year veteran of the cement industry. we try it about to, to reduce the amount of blinker in. so that's, that's a decreasing factor. but there is an image because at the moment you will cement will not perform anymore. you will not have completed the list which has the forms that, that it needs. so there are technical limits. safety yes, technology is intended for use in cards to a bait sector is like steel chemicals and the cement industry. industries at toms completely eliminate carbon emissions. but why is the heidelberg materials coming all the way to norway for this? to find out more, we have to go to germany. c. c. s technology is bound here. economics minister who

about topic wants to change this. he also paid a visit to private. but 15 years ago, things looked a lot different in german states like states, the hardest time people took to the streets against c c s. including who about topic member of parliament. the laser environment administer in that space has come in on v and my number in this context is detroit style events. it's a s o 2. it's why upside one spice young does computer order item did not young. he's attached nick in deutschland, goodness strategies. all right, sounds fun. you've got to, you've just got to yet to order. so teams to proceed on smiles of my nose is trying to why i asked him statistic is i'm seems to invite to him to be controlled and it was my nose to survive. once this young norway introduced stacy as far back as 1996 in good part due to the countries mazda of oil and gas industry. the petroleum industry accounts for 36 percent of norway's tax revenue. it's what helps make of

the country rich. but norway was also a 4 runner in implementing environmental protection standards. what happened that really incentivized or kick started the history of, of c. c, as in norway was a c o 2 tax that was introduced by the labor government that was in charge in 1992. this is political scientist during this nor do she says some norwegian politicians realized early on the climate protection with key incentivize the oil and gas industry to to take measures. uh, and i think also they quite early uh, saw the potential for ccs in their production to take emissions down. right. because they didn't want to have to pay this tax, at least not more than necessary. norway is now investing some 1500000000 euros to

develop a complete c c s value chain. the long set project. think this would be if i'm to ship the page that they are interested in to make money off the stars. this is for like sewing it piece studies, european climate policy. so they are really asking for, you remember states do you want to export c o 2, we have the capacity here. we have the technology, northern lights is parts of this project. the new c o 2 storage facility belong to sell the total energy. an echo north, which we mentioned a moment ago, is due to go online. in 2024. the companies have partnered with a norwegian governments. they'll receive subsidies in the development phase. on the 1st 10 years of operation, the goal job creation as well as a lucrative business and c o 2 transport and storage,

industrial partner hydro back materials is also profiting from the new technology and the general subsidies that will help revamp this facility. no region, the government has since bought it. all part of the project was 80 percent funded. the only investment is a few $100000000.00 investments. the traffic is just one of about a 114 facilities operations by high those back materials. one of the world's largest concrete manufacturer, if they're planning to invest some 1500000000 bureaus by 2030, including in the u. s. that's also because the president jo biden's, inflation reduction us offers the financial incentives to companies that invest in carbon capture and storage. it's important to mention that they have a tax credit which makes them or increments and then incentive to, to deploy ccsp occasionally duction act the strength of these tax credits and extended them. so they really use it as one of the instruments to, to push all,

all calm management in 2023. the largest number of c, c, s facilities were under construction in the u. s. followed by kind of the u. k. china and norway on this map to pick the commercial ventures that are already in operation. but why is to us so advanced in this area is also important that they don't really have this discussion about how to evade emissions. at least not the way we have it in germany, so you'd ask, you could also capture fossil, see you to a story underground to find out more. let's take a look at what's called enhanced oil recovery uh technology that's being employed mainly in north america for more than 50 years. high pressure a, c o 2 is injected into an oil field, raising the pressure under grants. the crude oil becomes more viscous. i'm can be come to the surface more easily. so it's

a way to pop up even more oil doesn't really make sense to collaborate with big oil when it comes to climate protection. so they know all these systems, workings that we have to be expertise, simple technology, this is carlos bottom on the, to you a scientist as a well known experts on c, c s technology there for next year. and so they are tools kimball staunch operation . but the norwegian, so i think they'll call you need to be on the wall. so we're really going for a new investor at scale. a survey has shown that the norwegian population supports cc yet, as mentioned, they've been using the technology since 1996. and they have a carbon tax 67 percent of norwegian support cc. yes. that top by denmark and the u. k. ad followed by the netherlands. and finally germany, origins are more technology optimistic,

then adjustments. and we also think that that's a something to do with the support for the specific technology after that during this, nor though, helps conduct the survey which also came to a 2nd conclusion. when we introduced these elements of cross border cooperation or trade, the support drops. we did a similar survey uh 5 years ago. then the draw was considerable in norway. it moved from as 80 percent support when you introduce them to a domestic situation where you store your own c o 2 to 40 percent 20. to introduce them to a project where you would import c o 2 from other countries. um, it's likely that's what germany would have to do. export c o 2 to norway. remember a c, c s was previously taken off the table after protests and demonstrators had one big objection. thing,

most of the criticisms some 10 years ago and also in germany came from the shack that cps was originally planned for photos on the street. so it was so cold paul plans and then the trips it says was ok if we to successful cobalt pens, we've never got to transition to germany has no proposed legal changes that would permit safety yet. but only in the northeast, northeast on lines and subsidies will focus on sectors of like steel and cements, where some 10 percent of emissions are classified as hard to a base search here, c c s. so caption starting, the emissions is pretty much the only option, but we have to avoid the solutions. this is jessica cash play flop the physicist, studies ccs and other carpet management strategies. the boss majority of scenarios

that she dealt with mean temperature. well, we don't really see need to cease yes. but what are the risks? fine to say, so i'm a 150000000000 tons of c o 2 could be stored under the north sea, a region that includes a number of marine protections owned by way of comparison. the mid sized cement plant in red attempt to capture 400000 tons of c o 2 annually. what's bought if there's a leak? because possible. and the biggest problem, probably the old waltz, the work if we go back to mall c as an example, half something like 17000 welts that have to be drilled in the past both and lost the traits posted to look for oil and gas. and it's also want to see what, what these old wells be. some of them was about maybe a pathway for seem to be in touch, but it's something that needs to be considerable. let's recap. countries like

norway have been on board with dfcs for quite a while. they have a big technological edge under subsidizing c, c s on the ground scale. that's also true in the us under, by norway under us also benefit from the know how of their oil and gas industry. germany still has to legalize t c. s mice, export c o 2 to norway. one thing is for sure the technology is expensive and it's not with that risk. but at this point, do we really have a choice? what this important from my perspective, this should launch these risks and mitigate them as good as we can. and then also compare those risks of using c. c. s to the risk of love to use exist yet because also what we're not doing has impacts. in this case, if we don't use c, c s, that means we accept more emissions which needs to work time of change. so we provide perspective the risk of not using c, c s,

exceeds the risk of appeasing. and do you think c, c s technology is the wave of the future that is know, and the common the rug, the environment, trends, technologies come is digitalization, stall, tops, new market, new media. the world is accelerating. sees the opportunity to try new things, take flights would be that we use business magazine made in germany next on d w. we've got some hot tips for your package. the romantic code is both affinities,

check on some great cultural memorials to boot dw, travel regarding the have you ever taken a ride and a driverless car? is your computer ever written a text on its own? or have you ever used facial recognition to unlock your cell phone? so you've used artificial intelligence on seen an unheard like a ghost in the machine. the military is using it more and more often. but will things do the same strategically except carried out by intelligent robots? not quite. i is revolutionizing everything. the also coming up in the show. pilots in training the long journey to the co*ckpit. luxury watch as a safe investment.

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What did Norway and the USA better than Germany?

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TOPIC FREQUENCY

Us 3, Germany 3, Usa 1, Ecuador 1, Norway 1, North America 1, Jo Biden 1, Carlos 1, U. K. 1, Jessica 1, U. K. China 1, Dfcs 1

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