Introduction to ISO Technical Report on Lifecycle Risk Management for Integrated CCS Projects

Abstract

Carbon Capture and Storage (CCS) is a process that can mitigate the CO2 emissions from power plants and other industrial sources of CO2. Many of the individual processes (or phases) that are linked together to comprise a CCS chain have been proven for some time, albeit often in different contexts. Others are still being developed or adapted to this new application. Additionally, bringing them together in a CCS configuration represents a new application, with which there is limited global experience to date. As with most technologies, CCS has inherent risks which need to be analyzed and managed. Integrated projects, given their especially long-term and multi-component aspects, impose particular importance and challenge upon comprehensive risk identification.

Technical report (TR) 27918 is designed to be an information resource for the potential future development of a standard for overall risk management for CCS projects by Technical Committee ISO/TC 265, Carbon dioxide capture, transportation, and geological storage. The scope of the report is intended to address more broadly applicable lifecycle risk management issues for integrated CCS projects. Specifically, the focus of the report is on risks that affect the overarching CCS project or risks that cut across capture, transportation, and storage affecting multiple stages. The technical report contains information that may be valuable for writing a standard that provides guidance for processes that a CCS project operator shall, should, or may address.

Keywords: CCS, lifecycle, risk management