Diversifying into Carbon Capture Technologies for New Fuel and Polymer Product Development

Our Client & Their Goals

Our Client, a major oil company, was looking into diversifying into carbon capture technologies to reduce CO₂ emissions generated during their refining operations. They were interested in doing more than simply capturing CO₂, and wanted to turn this waste gas into a valuable resource that could be used to produce fuels or polymers.

They had completed an initial survey of the state-of-the-art solutions in this technology area, but sought our guidance in investigating the next generation of CO₂ utilisation technologies still under development. They also wanted our expert advice regarding which new CO₂ utilisation solutions would best fit their specific goals.

CamIn's Solution

We started by working with the Client to understand their objectives for the use of CO₂ as a resource. Our initial work revealed that they were considering two distinct types of technological solutions: Those that could be developed into production-ready process within the next few years, or low-hanging fruit opportunities, and those that would be game-changers for their industry over the next five to ten years.

We then selected multiple leading experts on CO₂ utilisation technologies with backgrounds in technology and industry to join our team for the first stage of our Client’s project. This initial project team identified and benchmarked CO₂ utilisation technologies across the full range of technology readiness level (TRL) to select those that appeared most promising for our Client’s goals.

After identifying the best technologies for our Client, we organised them into specific sub-areas by application. We then selected an additional five experts with knowledge of each of these specific sub-areas to evaluate each CO₂ utilisation technology in greater detail. Our analysis determined each CO₂ utilisation solution’s technical requirements, evaluated its strengths and weaknesses in achieving the Client’s goals, and considered whether these technologies could be significantly improved in the near future. At the end, we identified multiple low-hanging fruit and long-term game-changing technologies that would enable our Client to achieve their goals.

Our evaluation of this technological landscape established that several CO₂ technologies would provide our Client with “quick-wins” and help them make progress towards their decarbonisation goal.

The Impact

​Our detailed analysis provided our Client with clear understanding of the current technological landscape of CO₂ utilisation solutions, from the state-of-the-art processes to technologies that were still under development. Our evaluation of this technological landscape established that several CO₂ technologies would provide our Client with “quick-wins” and help them make progress towards their decarbonisation goal. Furthermore, our team identified several other technologies that will become game-changers over the next ten years and will enable our Client to achieve their long-term goals. Our Client appreciated our straightforward evaluation of the merits different technologies, and that our actionable advice provided them with a clear direction for further progress on their CO₂ utilisation strategy.