Industrial CO2

Enhanced oil recovery (EOR) offers the potential for releasing huge volumes of crude now stranded underground, but the pace of EOR is dependent largely on how much carbon dioxide can be captured and piped to mature oil fields where EOR would work best. Many of the best natural sources of CO2 near these fields have already been tapped, and while they will continue to provide most of the CO2 used in EOR, they need to be supplemented by expansions and by new, industrial sources of CO2 if EOR is to fulfill its promise. In today’s blog, we continue our look at CO2-producing projects on the horizon, and assess the resulting outlook for CO2-based EOR.