The State Oil Company of Azerbaijan, SOCAR, is researching potential locations for carbon capture and storage (CCS) and carbon capture, utilization, and storage (CCUS). This initiative is part of the company's broader strategy to reach net zero emissions. While there are currently no active CCS projects, SOCAR is monitoring technology costs and analyzing geological sites to ensure they can deploy these systems once they become economically viable.
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SOCAR is looking for storage sites but admits they have no active projects yet. It is a start, but the timeline is vague. They are basically waiting for the tech to get cheaper.
The mention of economic feasibility is the key here. Without a clear carbon price or a strong subsidy framework in Azerbaijan, these storage sites are just theoretical maps.
I wonder about the actual capacity of these potential sites. Finding a spot is one thing, but the infrastructure to transport the CO2 from the emission source to the storage site is where the real cost is.
