Cost Structure of CCUS and the Legal Framework
Background and Objectives
At the 1st Asia CCUS Network Forum held in June 2021, it was concluded that CCUS and Carbon Recycling are crucial technologies for the East Asia Summit (EAS) region to achieve carbon neutrality in the future amidst the expected increase of fossil fuel consumption in the region. It was also discussed by the stakeholders that participated in the Forum, that to bring more CCUS projects to the commercialisation stage, issues, such as the lack of an adequate legal framework to address liability and a project pipeline through pilot projects need to be resolved. Moreover, it is expected that to accelerate the deployment of CCUS in the EAS region, there is a need to bridge the gap and to implement knowledge and experience sharing amongst the ASEAN and Asia region.
Building upon the outcome of previous discussions as described above, this workshop hosted by ERIA and METI aims to serve as an opportunity to share knowledge about the cost structure of CCUS projects through model case study and discuss policies and measures that may contribute to developing enabling environment of the business case of CCUS.
The goals of the workshop are as follows:
Promote the knowledge share on the cost structure and range of expected costs of CCUS.
Exchange ideas of policies and measures that may be beneficial to bring down costs.
Discuss possibilities of regional response for policy formulation.
Programme (As of 13 January 2022)
(Jakarta Standard Time UTC+7)
9:00 - 9:05 Welcome address
Mr Shigeru Kimura, Special Advisor to the President on Energy Affairs, ERIA
9:05 - 10:00 Outcome of model case study, cost analysis and policy proposal
Mr Ulysses Coulmas, Researcher, Mitsubishi Research Institute (MRI)
Ms Ayami Saimura, Researcher, Mitsubishi Research Institute (MRI)
10:00 - 10:50 Panel Discussion
Moderated by Kikuko Shinchi, Senior Researcher, MRI
Topics will include the following:
CAPEX/OPEX reduction potential
Policy/Legal requirement
Regional cooperation approach
Further project development needs towards commercialisation
Findings from model case exercise
Panelists:
(1) Mr Yoshihiro Sawada, Corporate Adviser, General Manager of International Affairs Department, Japan CCS Co., Ltd.
(2) Dr Mohammad Rachmat Sule, Lecturer, Faculty of Mining and Petroleum Engineering, Institut Teknologi Bandung (ITB)
(3) Mr Jinmiao Xu, Energy Specialist, Energy Sector Group, Sustainable Development and Climate Change Department, Asian Development Bank (ADB)
(4) Ms Yukimi Shimura, Director, Planning & Development Department, Sustainable Business Division, MUFG Bank, Ltd.
(5) Mr Ulysses Coulmas, Researcher, Mitsubishi Research Institute
10:50 - 11:00 Closing Remarks
Dr Han Phoumin, Senior Energy Economist, ERIA