Standards Manage Your Business
We Manage Your Standards
Standards Manage Your Business
We Manage Your Standards
Lifecycle risk management for integrated CCS projects
A list of acronyms is included in Annex A.
Clause 5 includes an analysis of how a CCS standard could address aspects of risk analysis that apply to all elements of the CCS chain, such as:
- risk identification (identifying the source of risk, event, and target of impact)[1];
- risk evaluation and rating;
- risk treatment;
- risk management strategy and reporting.
Clause 6 comprises an inventory of the overarching and crosscutting risks. These include issues such as:
- environmental impact assessment;
- risk communication and public engagement;
- integration risks between capture, storage, and transportation operators, such as risk of non-conformance of CO2 stream to required specifications;
- integration risks associated with shared infrastructure (hubs of sources, common pipelines, hubs of storage sites);
- risks resulting from interruption or intermittency of CO2 supply and/or CO2 in-take;
- risks associated with policy uncertainty;
- incidental risks from activities related to the capture, transportation or storage processes without being specifically covered in the respective StandardDetails (e.g. management or disposal of water produced as a by-product of CO2 storage).
Clause 7 describes implications and considerations for a potential standard on lifecycle risks for integrated CCS projects.
[1]As defined in ISO 31000.
Currently Viewing
Expand Your Knowledge and Unlock Your Learning Potential - Your One-Stop Source for Information!
© Copyright 2024 BSB Edge Private Limited.
