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tv   Transforming Business  Deutsche Welle  May 16, 2024 9:15pm-9:31pm CEST

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under the swastika 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 a whole lot of the projects was 80 percent of our regions are more technology domestic than uh, germans. on this edition of transforming business, we'll explore why the in, in graphic, norway, heidelberg materials, began re bouncing a cement factory last year. they're installing a c c s plant without disrupting daily operations. determined company wants to
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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 are 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 i'd carbon emissions is the main ingredients also an
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estimate. and then in the killed process there is a lot of students who are coming out of the lives, thoughts. 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 incidence. that's a decreasing factor, but there is a limit because that was not the moment use amendment loss of the form anymore. you will not have to read the list which has the form is that that it needs so that there are technical limits. safety as technology is intended for use in cards to a base 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,
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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 talk to the streets against c c s, including little bit high back member of parliament, the laser environment administer in that space has come in on v and my number one is done from scratch. detroit style events, it's a s o 2. it's why upside a bunch by showing does computer order item didn't rely on? he's attached nick in deutschland, goodness strategies. all right, so on. so i knew you got to, you've just got to yet to order. so i team shoot for seo, tons of oss of my nose this time. so why i ask since detection, nick, is i'm fused to invite under control of my notice to see if i can see shop norway introduced stacy as far back as 1996 in good part due to the countries mazda of oil
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and gas industry. the petroleum industry extends for 36 percent of norway's tax revenue. it's what helps make 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 and 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 it 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,
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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 projects. i think this would be if i'm to ship the page that they are interested in to make money off the stars. this is felix showing it piece studies, european climate policy. so they are really asking for, you remember states did you want to export to c o 2, we have the capacity here. we have the technology in northern lights is parts of this project. the new c o 2 storage facility belong to sell. total energy is and echo north, which we mentioned a moment ago, is due to go online. in 2024, the companies have partnered with an o region, governments. they'll receive subsidies and the development phase on the 1st 10 years of operation. the goal job creation as well as
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a lucrative business in 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 just bought it. all part of the project was 80 percent funding. the only investment is a few $100000000.00 investment. the graphic is just one of about a 140 facilities authorized by hire those back materials, one of the world's largest concrete manufacturer, and they're planning to invest some 1500000000 bureaus by 2030, including in the u. s. that's also because president jo biden's in place and reduction us offers 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 some incentive to to deploy
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ccsp. i'm facing reduction 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 kinds of management. in 2023, the largest number of c, c, s facilities were under construction in the u. s followed by kind of the you k, china and norway on this map to pick the commercial ventures that are ready 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, and you'd ask, you could also capture fossil c o 2 and storage underground to find out more. let's take a look at what's called enhanced oil recovery, a 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
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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 the systems working extra to several technologies. this is caused by model the geo scientist as a well known experts on c c. s technology in there for next year, and so they are tools, a trouble staunch information, but the norwegians, i think they'll currently be on the wall. so we're really going for the most red 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 seats. yes. that top by denmark, the u. k. and followed by the netherlands and finally germany origins are more
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technology optimistic, then adjustments. and we also think that that's something to do with the support for the specific technology after during the nor to helps conduct the survey which also came to a 2nd conclusion. when we introduced these elements of cross border cooperation or trade and support drops, we did a similar survey. uh 5 years ago them that dropped was considerable in our way. it moved from as a 2 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 on demonstrators had one big
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objection. thing. most of the criticisms some 10 years ago, austin drum need. it came from the 2nd depth cca, as was originally planned for photos on the street. so it was so cold, paul plans and then the trips. it says it was okay if we to cps for co paul pens, we've never got the 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 captioning and storing the emissions. it's pretty much the only option that we have to avoid the solutions. this is jessica cash place lab, the physicist, studies t. c. s and other carpet management strategies. the boss majority of scenario that
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she filled with mean temperature. well, we don't typically see need sees, yes. but what are the risks? scientists say some, a 150000000000 tons of c o 2 could be stored onto the north sea, a region that includes a number of marine protection zones. by way of comparison, the mid side cement plant and breath attempt to capture 400000 tons of c o 2 annually. what's bought if there's a leak? because it's possible. and the biggest problem, probably the old waltz. so what if we look at the mall c as an example? half there, something like 17000 welts that have to be drilled in the past. both lost the traits, posted field for oil and gas. and it's washed monk. see what these old wells, the, some of them was uh, maybe a pathway, so seem to be in touch,
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but 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 up there, oil and gas industry. germany still has to legalize the c s. and 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 the support from my perspective is should launch these risk 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 an impact. 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
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provide the spec to 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 no, and the common, the the, to the point, strong opinions, clear positions, international perspective. every showing of russians, military leadership suggest brewton is in digging in for a long range and plenty to harness for the russian economy to do so. what does this mean for ukraine under, on board mentioned losing ground in the northeast. join us this week on to the point to the point eastern next on d w. so it was some hot tips for your package. this
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romantic calling to check on some great cultural memorials to boot w travel regarding the experts have been expecting a fresh russian offensive for a while now. but certainly not expecting to be shake up in russia's military leadership that we solve this week. students defense minister for the last 12 years and the survey showing goes in and out of the job and has been replaced by a civilian economist. what does that tell us about pretends that strategy and what really means for ukraine under compartment and losing ground in the region at northeast of harkey? is we going through? the point of we're looking at is for economy and discussing whether new military leadership will mobilize russia for a long or flight.