Katherine Roman on carbon capture and storage
From Dr Katherine Romanak : Pros & Cons of CCS SD 480p · · rogeringersoll
“CO2 storage is waste disposal; there's nothing economic about it. It's something you have to pay for, so for the early stages, enhanced oil recovery (EOR) has made it profitable to start demonstration projects.”
On , Katherine Roman, Vice President, Corporate Controller & Interim Principal Accounting Officer at CERENCE INC, spoke about carbon capture and storage during Dr Katherine Romanak : Pros & Cons of CCS SD 480p on rogeringersoll.
About Katherine Roman
In a September 2023 presentation, Dr. Katherine Romanak discussed the pros and cons of carbon capture and storage (CCS). She described CCS as "waste disposal" that is currently "very expensive" and not economic without incentives, noting that enhanced oil recovery has made early demonstration projects profitable. Romanak stated that "achieving zero goals is virtually impossible without CCS" and that it is necessary to stop emissions from fossil fuels during the transition away from them. She also said that the pace of CCS development has increased due to tax incentives like the 45Q credit, and that Texas moving toward primacy for permitting CCS projects is "a great idea" to speed up deployment. Romanak highlighted several challenges, including the need for 80,000 new kilometers of CO2 pipelines and a "large energy penalty" from CCS that can increase other pollution, though she noted costs are coming down with each deployment. She advocated for a price on carbon and a "carbon take back obligation" for industries, and emphasized that involving fossil fuel companies in the conversation is essential because they are funding CCS development.