“Who’s going to bury the CO2 if it doesn’t make business sense?”
In a second edition of our Techint Energy Transition podcast, Hernán Milberg and Josefina d'Hiriart review current industry options for carbon capture, use and storage (CCUS) as a way of reducing emissions, and finish off with an analysis of Argentina’s prospects in this context.
If we want to maintain our current lifestyle we have to control carbon dioxide (CO2) emissions, and one way of doing this is carbon capture, utilization and storage (Carbon Capture, Utilization and Storage). This was the general thrust of the latest episode of Techint’s Energy Transition podcast, produced by Tecpetrol and hosted by Hernán Milberg, Energy Transition Manager at Techint Engineering & Construction, and Josefina d'Hiriart, Tecpetrol Expert Reservoir Geologist.
In the conversation, both experts drew a clear picture of the current scenario. Since the Paris Climate Agreement was signed in 2015, the world has sat up and taken note, and countries are now taking measures to prevent the accumulation of greenhouse gases that are responsible for global warming. One way of meeting the goals set is to measure and reduce CO2 emissions, a commitment that the signatories to the agreement assumed by regulating their industries.
Experts Hernán Milberg and Josefina d'Hiriart.Ready to record the latest episode on carbon capture at the studio.
But building a plant to capture carbon and store it deep underground is a very costly process demanding considerable incentives. "The pandemic raised everybody’s awareness of sustainability and many countries put a price on carbon, meaning that they have to pay for every ton of carbon they emit into the atmosphere," Milberg said. D'Hiriart reflected that, "The challenge facing humanity is truly titanic."
The opportunities offered by Latin America in renewable energy generation take on new value in a context where sustainability has come to play such important reputational role for companies, to the extent that a firm’s performance in this area can enhance its attractiveness for young talent as well as endow it with authority in public conversations on this issue.
Listen to this latest episode on our Spotify channel Techint Energy Transition. Don’t forget to follow and activate the bell to be notified when the next episode is released.