A company providing data-driven technology solutions to the upstream energy industry is diversifying its services to meet the decarbonised demands of the future, with the launch of a new module that can help its customers assess the potential of carbon storage sites using data.
Belltree Ltd’s new bMark CCS module aims to deliver a data-driven carbon storage project benchmarking solution to assist in site selection for carbon storage projects.
Applying data derived insights, the bMark CCS module informs decision makers as to the risks, costs, and suitability of a subsurface reservoir for carbon storage. In doing so, it allows operators to identify low risk, high potential sites that can be proposed for development.
There are currently around 35 commercial facilities actively applying carbon capture to industrial processes, fuel transformation and power generation, with a further 300 projects in various stages of progress. bMark CCS will prove vital in the development of future CCS projects.
Over the last decade, CO2 in the Earth’s atmosphere has risen from 393 parts per million (ppm) to 414 ppm. Carbon Capture and Storage (CCS), which removes CO2 from the atmosphere and stores it underground, is gaining momentum as a means to reduce emissions and meet global climate goals.
By pairing a proven data-driven approach which has informed and empowered oil and gas industry leaders for the last eight years with brand new global data sets, Belltree hopes that it will be able to provide a solution that can help companies make a step toward achieving global net-zero targets.
“Belltree is committed to supporting sustainable development in the energy sector and is leading the way in CCS project benchmarking to meet the demands of the climate challenge,” Rod Clark, MD and founder of Belltree, commented.
“Utilising advanced subsurface evaluation, Belltree’s new bMark CCS module accurately identifies the suitablility of potential carbon storage sites, calculates resources and estimates risk within the global context of lessons learned from the energy industry. In doing so, we seek to empower decision makers in the implementation of carbon storage projects and to help them to achieve their net-zero targets.”