IV. PROJECT CLASS D: Carbon capture, utilisation, and storage (CCUS) projects
Definition:
Construction and operation of facilities that are dedicated to either:
- Capturing CO2 from emissions sources that would otherwise be released into the atmosphere, or capturing CO2 from the ambient air;
- Preparing the captured CO2for transportation (via pipeline, rail, road, or ship), which includes preparation of captured CO2 to transportation specification (e.g., compression);
- Transporting the captured CO2 to the end use point; or,
- Permanently storing captured CO2.
Standards:
At a minimum, ambient air capture facilities must capture the CO2 equivalent of their own operational emissions.Dedicated geological storage complies with ISO 27914:2017. Eligible utilisation of the captured and/or transported CO2 is covered under Clean Liquid and Gaseous Fuels (PROJECT CLASS J) and Low-Emission Manufacturing (PROJECT CLASS G). Utilization of CO2 for fossil fuel related activities such as enhanced oil recovery is not eligible. Appropriate leak detection systems and monitoring plans are in place for transportation and storage of CO2, with regular reports verified by the national authorities or an independent third party.
Maximum Repayment Term:
22 years