Hydrocarbon resources, also known as fossil fuels, continue to serve most of the world's primary energy supply. The chemical industry is highly dependent on fossils fuels as a feedstock and energy source. As the chemical industry strives to become more sustainable and greener, alternative raw material sources that could partially substitute hydrocarbons are becoming more viable due to diminishing conventional energy sources, increasingly strict climate regulations and the accompanied raise of prices.
In the long term, CO2 ,CO and other carbon containing gases can become an important feedstock, however, as hydrocarbons are still the cheapest and easiest accessible source of carbon, other "unconventional" sources of carbon are still unattractive from an economical point of view. With the means of political frameworks and instruments, a shift of costs can make the difference for some CCU technologies pathways.
CarbonNext will examine existing policy frameworks to identify benefits and barriers for CCU, and, which adjustments can be seen as so-called ‘game changers’ for CCU processes. The project will ascertain barriers and obstacles, which will effect further development of the new feedstock routes. An assessment on existing and new regulation will be undertaken to characterize the effect they could have on the increased uptake of CO2 and CO as source for carbon in different production routes and geographical locations. This framework analysis is crucial for the output of CarbonNext as it will provide a clarity and understanding of policy influence on CCU and hopefully accelerate market introductions of CO2-products.
The following policy instruments will be in the focus of the analysis: