The project is conceived to set up a state-of-the-art processing facility to recover CO2 from industrial sources and transform the same into pure CO2 with applications across various segments. The project is envisaged to achieve economies of scale given its optimal plant configuration and scale, the availability of raw gas at economical rates, the relatively untapped market in the region for applications requiring CO2 and the significant environmental benefits.
With the introduction of CO2 recovery facility by Green Carbon, Kuwait will be driven into emission control of a major greenhouse gas thereby contributing to the efforts of the Kyoto Protocol and the Intergovernmental Panel on Climate Control. EOR based schemes, which are predominantly the major users of CO2 worldwide, are currently underway in Kuwait, UAE (Abu Dhabi), Oman, and are expected to be introduced shortly in other GCC countries. Businesses in the region are awaiting the emergence of a robust and economical supply of CO2, in order for them to introduce CO2 based applications.
Greencarbon will build a large Recovery Plant in addition to the existing one, and along with its partners will produce, deliver and inject the gas to help Kuwait Oil Company produce additional oil from depleted wells. The aim of the Partnership is to provide turnkey with the best added value services and knowhow for EOR concept.
Carbon Dioxide generated from power plants and other sources can be captured,transported and then stored underground in depleted oil and gas fields, saline aquifers, or unminable coal seams. Thus, it is not released to the atmosphere as a greenhouse gas. This process is known as carbon capture and storage (CCS). Greencarnon is working closely with the Ministry of Power and EPA to implement make this technology a reality in Kuwait.