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Preem and Carbon Capture: Investing in a Sustainable Future

Discover why an oil refiner like Preem is investing in Carbon Capture technology and infrastructure, and how it aligns with their vision for a sustainable society. Learn about Preem's commitment to renewable fuels, hydrogen production, energy efficiency, and their demonstration project for carbon capture.

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Preem and Carbon Capture: Investing in a Sustainable Future

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  1. How come an oil refiner invest in Carbon Capture technology and infrastructure? Preem and CCS

  2. Preem: In short ”One of Sweden’s most important energy suppliers 80% 50% 7/10 570 ofSweden’srefiningcapacity ofsupplied petroleum products in Sweden freight services in Sweden runs on Preem’s diesel service stations

  3. Preem’sClimateFootprint Emissions by Scope Indirect emissions that occur in value chain – mainly consumption Direct emissions from owned and controlled sources Indirect emissions from the generation of purchased energy Shateof emissions by Scope

  4. Preem’s vision The road map to a sustainable future… • 3 000 000 m3 renewablefuels by 2030 (1 500 000 m3 by 2024) • Renewable hydrogen production • Energy efficiency • CarbonCapture and Storage (CCS)

  5. Ideal Conditions for CCS LOCATION • Deep water access in both Lysekil and Gothenburg • Proximity enables a Skagerrak cluster and CO2 HUB for efficient logistics - from capture to storage Oslo INFRASTRUCTURE Lysekil • Preem has two large Hydrogen plants at each site where CO2 concentration is high • Excess heat, high potential for energy utilization with CO2 capturing Gothenburg

  6. Sweden’s largest demonstration project at Lysekil THE PROJECT SCOPE • Demonstration of carbon capture using Aker Solutions technology • Look into utilizing waste heat streams to reduce the primary energy requirements. • A policy and legislation review in also included in the project • Financing from both Norwegian GassNova and Swedish Energy Agency for a three year project • Demonstration of carbon capture at Lysekil’s Hydrogen Production unit, which will form the basis for a full scale carbon capture design TIMELINE COMING UP • The project started in the beginning of 2019. • The demonstration is planned for 2020, followed by project completion and reporting. • Take all learnings from this project into a pre-engineering study. This would start late 2021 / early 2022. • Final investment decision in 2022. • A CCS-plant could be ready in 2024. * Preem in collaboration with Chalmers University , SINTEF, Aker Solutions and Equinor

  7. Thankyou for the attention! “Preem’s vision is to lead the transition towards a sustainable society”

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