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Carbon Capture and Storage

Allen & Overy is at the forefront of this developing climate change technology, advising on carbon capture and storage matters. Our global projects team work with a mix of clients across corporates, financial institutions, multi-laterals, NGOs and governments. 

We are intricately familiar with the technology, the issues from both a sponsor’s and a lender’s perspective and, importantly, the solutions that will ensure that a bankable financing is delivered.

As global energy markets shifts focus towards reducing greenhouse gas emissions and creating renewable energy sources, power developers and energy suppliers are turning their attention towards clean energy transition. Use of Carbon Capture and Storage (CCS) projects to accelerate towards net-zero emission targets demonstrates the critical role this technology plays on the global stage.

Our experience

Summit Carbon Solutions

Summit Carbon Solutions

Summit Carbon Solutions in connection with the structuring and financing of a USD4.5 billion operation consisting of a portfolio of emitters (and associated CCS technologies), pipelines and sequestration facilities.

Two major U.S. financial institutions

Two major U.S. financial institutions

Two major U.S. financial institutions in connection with developing a program for lending to CCS ethanol and hydrogen projects on the sponsor and sequestration side; discussing “direct pay” implications in the event of a legislative change.

A leading publicly-traded oilfield services provider

A leading publicly-traded oilfield services provider

A leading publicly-traded oilfield services provider in negotiating the purchase and implementation of a pioneering carbon capture and electricity production project in California.
A Middle East company

A Middle East company

A Middle East company on developing a CO2 capture and transportation project in the Emirate of Abu Dhabi, the first CO2 grid in the Emirate of Abu Dhabi.

An international synthetic fuels company

An international synthetic fuels company

An international synthetic fuels company on the Carbon Capture and Storage Regulatory Environment Review including reviewing the legislative and regulatory environment for carbon capture and storage in each of the EU, UK, France and Germany.

SK E&S

SK E&S

SK E&S on the development and operation of the Caldita-Barossa LNG Project and Darwin LNG back-fill and tie-in project, including in relation to the proposed development and operation of an associated CCS project utilising the (depleted) Bayu-Udan gas field and associated qualification for, and utilisation of, carbon credits.

News and insights

Pollution prevention; pollution control; emissions; COP26; European Green Deal

Blog Post: 07 December 2022

Podcast- a global perspective on accelerating decarbonisation through infrastructure and carbon markets

David Lee, partner and head of the global infrastructure group, senior associate Victoria White, and Phil Beattie, head of strategic relationships at SparkChange, join Brenna Speiser, senior manager…

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Tall trees in forest

Blog Post: 23 November 2022

Global carbon markets - slow progress made at COP27

COP27 made little progress on rules for a global carbon market, leaving proposals from the US and Africa to further shape the existing voluntary carbon markets. 

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Countryside with trees, fields and in the foreground is a chimney emitting steam

Publications: 03 November 2022

Is Asia ready to embrace carbon capture and storage?

Interest in CCUS is rising in Asia. Governments keen to build their supply chains can look to other countries for policy inspiration – but must adapt any measures to their unique circumstances.

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Large orange chimney emitting smoke

Publications: 03 November 2022

Controlling liability risks is vital for uptake of carbon capture

Complex regulatory, operational and financial challenges must be addressed before CCUS can be developed at scale – not least how to help investors manage long-term storage liability risks.

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