Carbon Capture Usage & Storage

Lir Resources has developed a platform design to permit a gas-fired powerplant, fitted with carbon capture and storage facilities, and located offshore adjacent to depleted oil or gas reservoirs. This design is based on a patented, low-cost foundation structure and will provide the following benefits:

Reproduced courtesy of the BGS
  • The captured CO2 can be sequestered directly into a depleted gas reservoir, or can be used to enhance oil or gas production.
  • In most case it is expected that there will be no requirement for new compression and pipeline infrastructure.
  • Low carbon electricity can be delivered at a cost which is significantly below the current strike prices for new UK nuclear plants.
  • The ‘low carbon electricity’ can be exported via the existing offshore wind cables, which are sporadic and under-utilised.
  • There is sufficient carbon storage capacity on the UKCS to accommodate the CO₂ generated by: the new power plants required to supplant the coal & nuclear plants scheduled for closure by 2025; and the transition from petrol/diesel vehicles to electric vehicles.

In summary, the result is a continuous and uniform supply of low carbon electricity which provides a low-cost alternative to new nuclear power plants. This technology can be implemented successfully for other industrial processes, including hydrogen production.