Exponent Inc.

10/31/2024 | Press release | Distributed by Public on 10/31/2024 23:20

Advancing Carbon Storage Infrastructure with Computer Modeling

How simulations and real-world data can help make carbon dioxide injection well tubing safe and functional for decades to come

Carbon capture and sequestration (CCS) projects are on the rise around the globe, thanks in part to government funding in Canada, Europe, the UK, and other parts of the world. In the U.S., the Bipartisan Infrastructure Law has earmarked more than $2.5 billion, with industries ranging from major steelmakers to technology companies pursuing CCS projects to offset emissions from industrial operations, whether from iron ore processing or energy use for data centers. Around the world, according to the Global Carbon Capture Institute, the number of CCS projects rose by approximately 57% between 2022 and 2023 (from 199 to 312), with more being added each month.