2024 MEA CCS Forum at Oman Sustainability Week

30 April 2024 | 10 AM – 4.30 PM Junior Ballroom - OCEC, Muscat

 

Building on the success of the 2023 Middle East and Africa (MEA) CCS Forum, the Global CCS Institute looks forward to leveraging Oman Sustainability Week to build on that momentum and develop a program for a forthcoming 2024 MEA CCS Forum. The Forum aims to drive CCS conversations forward, ensuring policy, industry and academic stakeholders in Oman – along with the general public – have the opportunity to participate in relevant CCS discussions.

As such, the Institute proposes to develop four focused sessions on Carbon Capture and Storage (CCS) during Oman Sustainability Week. These sessions aim to provide a comprehensive overview of CCS in Oman, share insights from international and regional projects, and delve into the crucial aspects of business models, incentives, and policies. The three topics to be assessed at the event include the following:

  • Session 1: CCS in Oman – Present and Future
  • Session 2: International and Regional CCS Projects – Lessons Learned
  • Session 3: Business Models, Incentives, and Policies for Successful CCS Implementation
  • Session 4: Project Development & CCS Finance

Along with CCS panel discussions, the program will include keynote remarks, stand-alone presentations on the Global Status of CCS, presentations from project developers and a fireside chat with financial institutions

Agenda: Sessions and Program Details

 

10:00 AM - 10:30 AM

Coffee and Networking Session

10:30 AM - 10:40 AM

Introduction and Housekeeping

Speaker:
Global CCS Institute

10:40 AM - 11:10 AM

Keynote Presentation

Oman Government Representative

11:10 AM - 11:30 AM

Overview of the Global Status of Carbon Capture and Storage

Speaker:
Global CCS Institute
Dr. Mohammad Abu Zahra, Head of MENA Region

11:30 AM - 12:30 PM

Session 1: CCS in Oman – Present and Future

CCS plays a pivotal role in Oman's journey towards achieving its 2050 net-zero target by effectively capturing and storing carbon emissions. In its updated second NDC, Oman is relying on large scale CCUS to further reduce emissions post-2030. These ambitious CCS plans will be carried out by the Oman CCS Task Force led by key stakeholders including the Ministry of Energy and Minerals, PDO, OQGN, Oxy, Shell and others. Oman’s CCS ambition will be supported by a comprehensive CCS regulatory framework in partnership with the Global CCS Institute, marking the MENA region’s first CCS-dedicated regulatory development.

This session will showcase Oman's commitment to CCS, explore the current status of CCS projects in Oman, present ongoing initiatives, and provide a platform for regional and international stakeholders Building on the success of the 2023 MEA CCS Forum, the Global CCS Institute looks forward to leveraging Oman Sustainability Week to build on that momentum and develop a program for a forthcoming 2024 Regional CCS Forum. The Forum aims to drive CCS conversations forward, ensuring policy, industry and academic stakeholders in Oman – along with the general public – have the opportunity to participate in relevant CCS discussions. to discuss the nation's path towards sustainable practices.

12:30 PM - 1:30 PM

Lunch Break

01:30 PM - 02:30 PM

Session 2: International and Regional CCS Projects – Lessons Learned

The 50+ years of CCS projects regionally and globally provide valuable lessons for Oman’s CCS plans, which could inform the successful implementation of the Sultanate’s CCS ambitions, through comprehensive assessment of the challenges and best practices drawn from key CCS projects.

This session will provide valuable insights for Oman by drawing on the experiences of similar projects worldwide and foster collaboration on an international and regional scale.

02:30 PM - 03:30 PM

Session 3: Business Models, Incentives, and Policies for Successful CCS Implementation

CCS business models and financial supports and incentives will drive the development of investable carbon capture and storage projects, both in Oman and beyond. With CCS being applied across a range of industries globally, this session will look at what makes a business model viable and the foundational policy mechanisms needed to support CCS efforts.

  • Overview: Discuss the essential elements of successful CCS implementation, including effective business models, incentives, and policies.
  • Objectives: Highlight the economic and policy frameworks necessary for CCS projects, encouraging discussions on tailored approaches for Oman's unique context.

03:30 PM - 04:30 PM

Session 4: Project Development and CCS Finance

The recent global increase in finance for CCS projects is encouraging and demonstrates how policy can incentivise material private sector investment. However, this development must further accelerate and be replicated in developing economies, which currently account for the highest rate of growth in greenhouse gas emissions. Learning from existing project developers and financial institutions, this session will provide a platform to exchange knowledge from existing experience, opportunities, risks and challenges across the different phases of CCS project development.With financing being a critical component to CCS deployment, the session will also bring in the lens of the banking sector to address key questions related to bankability, risk and ESG.

Contacts

Do get in touch with the contacts below for any immediate questions or comments.

 

Roni Barua

OSW Event Director

roni.barua@connectthroughus.com

Ruth Gebremedhin

Senior Lead, Events and Communications (EMEA)

ruth.gebremedhin@globalccsinstitute.com