Xodus Launches Dashboard to Assess CO2 Transport Costs for Carbon Capture Across Europe

Xodus, a global energy consultancy, has unveiled an innovative digital dashboard aimed at illuminating the financial aspects of carbon dioxide (CO2) transport across Europe as reported by Carbon Herald. This new, web-based platform is designed to help users evaluate the costs associated with moving captured CO2 to various destinations throughout the continent.

A Collaborative Effort to Support Carbon Capture and Storage

The CCSA collaborated to develop the dashboard, which stands as a leading resource for companies evaluating the commercial viability of their CCUS-related strategies. The tool provides economic models for CO2 transport and also storage in the European Union (EU), European Economic Area (EEA), and the UK.

Empowering Stakeholders Across the CCUS Ecosystem

The platform by Xodus allows emissions producers to calculate the CO2 transport costs when moving it to offshore storage sites across Europe. Additionally, storage providers can use the tool to analyze the geographic demand for their services, and policymakers can access valuable data to shape regulatory frameworks that optimize access to CO2 infrastructure.

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Key Insights from CCSA CEO

Olivia Powis, CEO of the CCSA, “A Europe-wide CO2 market is within reach and it is essential that industry and policymakers have economic modelling, as it can provide important insights into feasibility, risk management, and financial planning for projects and clusters."

She added, “As our report into accelerating a Europe-wide CO2 storage market found, there is an exciting opportunity to cut CO2 storage costs by 20% across Europe and save billions annually if the EU and UK break down policy barriers and make cross-border CO2 storage happen."

Furthermore, this comprehensive dashboard is the result of an 18-month effort involving a team of advisory specialists, energy development experts, and geospatial analysts. The team plans to update the tool regularly to keep it relevant and accurate as the CCUS sector evolves.