Waste CO2 Recovery & Deep Injection: CO2 from an industrial source is normally vented into the atmosphere. Vented CO2 can be captured and used to enhance an oil recovery operation. The CO2 is sequestered in underlying bedrock that formerly held the oil.
GHG Reduction & Project Quantification: CO2 is an industrial by-product that is normally vented into the atmosphere. Instead, waste CO2 is captured and transported by pipeline to a producing oil field. The CO2 is injected into oil wells to enhance oil recovery, ultimately being sequestered in the bedrock, as it displaces oil. The waste CO2 that would normally be vented displaces CO2 that would have been created in or extracted from wells in the oil field specifically for this purpose. The reduction can be quantified on a 1-for-1 basis i.e., 1 tonne CO2 captured and injected results in 1 tonne of reduced CO2.
Additionality: CO2 is not a regulated emission so any CO2 captured/sequestered is voluntary. This process also displaces CO2 that would normally be manufactured or extracted for enhanced oil recovery. Any CO2 capture and injection is in addition to existing regulations.
Verification: CO2 production records, meter records, pipeline records, and/or CO2 sales receipts can be used for verification and auditing purposes.