Special Sessions

Keynote Presentation: The Global Outlook for CCS Continues to be Both Bullish and Ambiguous

University of Houston, Cullen Performance Hall

Thursday, 27 April 2023, 8:15 a.m.–9:00 a.m.  |  Houston, Texas

Why would one build a project that does not produce anything? The vast majority of CO₂ earmarked for capture in the coming decades is indeed projected to be sequestered (not used for EOR or otherwise). Carbon Capture and Sequestration (CCS) is effectively then a waste management function, predicated on economic incentives to ‘manage’ the CO₂ ‘waste’. This talk will examine how CCS economic feasibility is evolving in North America and globally, across a wide range of emission sources: from dilute Direct Air Capture to concentrated Ethanol production. Understanding both macroeconomic trends including compliance and voluntary carbon markets and project level economics of individual CCS proponents is imperative for investors, project developers and policy makers alike. Further, the nodal nature of the CCUS value chain continues to incite novel and often complex business models with ill-defined commercial frameworks. Grappling with complexity across the CCUS value chain; in technology choices; in storage regulation, quantification and licensing; in competing abatement options; and in CCUS and carbon policy, we project near- and long-term global outlooks for CCUS across our three Wood Mackenzie Energy Transition Scenarios.

Bio

A Principal Analyst in the Energy Transition Practice, Peter joined Wood Mackenzie in 2021 to help grow the firm’s understanding of CCUS economics and to develop specific expertise on North American projects. Peter has extensive experience with major energy infrastructure project conception and development, including major North American CCUS and hydrogen project development and transactions.

Starting his career as a fluid dynamics engineer at Pratt & Whitney, Peter then joined at strategy and management consulting firm A.T. Kearney, working for six years primarily with supermajors, NOCs, large corporates and major investment funds in the oil, gas, and power sectors. He then led the Financial Modelling and Decisions practice at PwC in Western Canada including a one-year secondment in London, UK, before working as a Vice-President at EY Parthenon and as a Partner with Criterium Group, where he conducted commercial due diligence engagements for energy transactions and projects.

Peter has been affiliated since 2015 with the Oxford Institute Energy Studies, focusing on Canadian oil and gas, a subject on which he has authored several peer-reviewed papers and spoken at the OPEC meetings and other international conferences.

Peter is a mechanical engineering graduate of the University of Alberta and later earned an MSc. degree in Computational Fluid Dynamics of Turbine Engines from McGill University and an MBA degree in Finance from ESSEC, Warwick and Mannheim Business Schools in Europe.

Peter speaks fluent French, is a registered Professional Engineer in the province of Alberta, and is a member of the Society of Decision Professionals.

Pricing

• Fee: Included with registration

Venue

Cullen Performance Hall

4300 University Dr.

Houston, Texas 77004

United States

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