Overview & Benefits
The Group currently has 10GW of floating offshore wind projects in its development pipeline, through its projects in Ireland, UK, Europe, and America and is actively working on how to use these assets for CO2 sequestration often in tandem with the utilisation of CO2 in our energy parks.
Direct Air Capture Potential
Science tells us that to stay within the 1.5°C of the post-industrial revolution temperature target, the world must not only remove CO2 generation from our economy, but we must also remove it from the atmosphere. Reduction will require the decarbonisation of industrial processes, such as the transportation industry, while removal will take the shape of permanent removal from the atmosphere through permanent underground storage. This can be the removal of CO2 emitted from hard to abate sectors such as airlines or farming sector, or of historical emissions to support the achievement of the 1.5°C target.
Carbon Dioxide Removal is seen globally and scientifically as part of fight, in conjunction with traditional carbon reducing technologies, to reduce the amount of CO2 in the atmosphere to stay below the 1.5°C target. The world needs to release only another ~500GT CO2 or less between 2020 and 2050. Conventional carbon reducing and decarbonising methods will achieve drop CO2 levels to between ~570-725GT. Carbon Dioxide Removal (CDR) technologies are therefore required to remove the remaining ~70-225GT CO2 to meet the 2050 target.
The aim is for Direct Air Capture (DAC) process to be powered using renewable energy from floating offshore wind projects.
Simply Blue Group see this colocation of these processes (floating offshore wind & CCUS) as another important step in the fight against climate change.