Global Opportunities for TriGen Driven Value Chains
- Demand for electrical power expected to grow 50 – 80% until 2040.
- Global gas reserves with more than 35% CO2: >100 Tcf, approximately 35 fields.
- Current global potential for incremental oil production through EOR: >50 Bln bbls.
- High CO2 gas fields and EOR targets may be found in the same region.
10 year market estimate for TriGen projects:
(in ‘units’ averaging 150 MW of capacity)
- South-East Asia 10-15
- United States 10-15
- Mexico 5-10
- Middle East 20-25
- Europe 5-10
These 50 – 75 units represent 7.5 – 11.3 GW of zero-emission power, avoiding 40 – 60 mln tons of CO2 emissions and recovering an incremental 110-160 MMbbls of oil or condensates.
Scouting economics suggest a total investment in the order of 20-30 $ bln, yielding a project IRR of between 13-18%. The economics of projects vary and depend on local power-, oil- and gas price assumptions and tax regime.
More detailed market information available on request.
- Creation of 15 investible projects under current conditions & technology
- Increase the TriGen Plant efficiency to > 45%
Estimated Number of Projects/Units
- The produced commodities are sold in 5 different markets.
- with current plant efficiencies projects are only viable if the local conditions are favourable.
- projects require an adequate price level for the commodities produced/consumed and a reasonable proximity of fuel sources and EOR/EGR sinks, to be viable.
Example project configuration
- Until now, TriGen was sold as a technology; the Energy sector however requires integrated solutions rather than technology.
- An integrator and ‘orchestrator’ is required to bring and keep players together and coordinate the technical and commercialisation design.
- Developing these value chains requires bringing together players and capabilities that are not commonly connected and have different business models.
- Early benefit maximisation by individual players tends to block, the overall value creation/project development process.
- TriGen technology is novel and potentially disruptive: the core technology is proven but has yet to be applied ‘at scale’ in Oil & Gas or Power applications.