CCUS projects face many challenges and uncertainties, where understanding the business case and feasibility of implementing a CCUS project is one of them. In the dynamic landscape of maturing a CCUS project, the critical factor that distinguishes success from stagnation is the ability to navigate the challenges effectively. CCX-IQ is a business case assessment tool embedded in an Aker Carbon Capture offering, a strategic framework that enables you to better understand your CCUS project feasibility early in the decision process and use this as essential input for strategic decision-making and as a roadmap to how you can focus your efforts on the right aspects in your specific CCUS case and mature the project.
CCUS project bankability and understanding the feasibility of a project is a critical hurdle in the successful maturation and implementation of a project.
CCX-IQ is a business case assessment tool integrated in an offering, aiming to address the inherent complexity within CCUS projects, by identifying key success factors and pain points, translated into project feasibility.
The general output of a CCX-IQ assessment is an enhanced understanding of the financial feasibility and CCUS project business case, through levelized cost, financial projections and qualitative evaluation.
Why may CCX-IQ be relevant to my project?
The levelized cost of a CCUS project is an essential input in the decision-making process on whether pursuing a CCUS project is feasible. CCX-IQ collects and synthesizes essential information on your project from economic considerations, technical feasibility, regulatory and policy scenarios, market dynamics, financing, and input from your specific project for instance from feasibility studies. It then delivers the output required for deciding on whether to pursue a CCX-IQ project and how to make it successful, such as levelized cost, financial projections, risk assessments, sensitivity analysis, optimization recommendations and relevant next steps.
When is it relevant?
CCX-IQ is designed to be user-friendly, flexible and customizable and can be applied to different types of CCUS projects at different stages of project development. The more mature the project, the higher confidence there is in the cost estimation and business case assessment. Early in the project exploration phase the CCX-IQ can be used as an initial assessment tool, providing insights into the levelized cost of the project and key business case drivers. In the development and maturation phase the CCX-IQ can be conducted in a feasibility study or FEED, providing more detailed information at a higher accuracy. CCX-IQ can be delivered in the form of a workshop, a high-level report or in a study/Pre-FEED.
Contact Aker Carbon Capture for an exploration call to hear more
If you are interested in CCX-IQ and how it can help you with your CCUS project, please contact us for more information.