Product Summary

Regional Business Model Assessment: Part II

This report is a follow-up to the Peck and others (2022) report entitled "CCUS Business Models in the PCOR Partnership Region". That previous report discussed several business model frameworks that address the varied contractual relationships between the capture, transport, and storage components of the CCUS value chain. The existing and developing projects in the PCOR Partnership region fit within one or more of these described business models. For an industry to move forward with a CCUS project, a business model catalyzed with one or more viable drivers (e.g., CO₂ enhanced oil recovery [EOR], tax credits) must be adopted to avoid negatively impacting a company's bottom line. To incentivize CCUS where a market does not exist, the U.S. government established a tax credit program for storing CO₂. The value of these tax credits drives a business case forward to enable the realization of CCUS projects. This report focuses on select emerging (and reemerging) business strategies to make CCS more approachable/affordable for industries facing pressure to reduce their CO₂ emissions.