Carbon Capture and Storage in Hydrogen Production: World Experience and Growth of Export Opportunities of the Russian Hydrogen Sector

Abstract

The purpose of this paper is a review of the commercialization and demonstration of CCS projects and an analysis of the commercial prospects for CCS industrial application in the production of low-carbon hydrogen in Russia and globally. The research was carried out using the methods of literature review, detailed analysis of regulatory documents, descriptive statistics, meta-analysis, and case studies. The results of the study clearly show that the widespread introduction of carbon capture and storage technologies can significantly affect the future development of the global energy market and the share of the Russian Federation in it. Despite the growing share of renewable energy in the global energy balance and the production of innovative energy products, the prospects for completely ousting hydrocarbon fuels from the market currently seem unattainable. Therefore, decarbonization of the global economy is impossible without the development of CCS in the coming decades.

Keywords

• Decarbonization, Carbon Capture and Storage, Hydrogen Production, CAPEX, OPEX, LCOH