Summary
ASEAN’s energy demand is projected to continue rising as the region moves towards becoming the world’s fifth-largest economy by 2050. Despite ambitious renewableenergy policies, fossil fuels are projected to account for 44–57% of the energy mix. Carbon capture, utilisation and/or storage (CCU/S) has therefore become an essential part of ASEAN’s decarbonisation pathway. Although ASEAN has substantial geological storage capacity and several early-stage CCU/S projects in the oil and gas sector, including Tangguh, Kasawari and Arthit, deployment remains largely confined to integrated upstream ventures. Expansion into industrial clusters, power generation and cross-border networks has been constrained by a lack of innovative business models, so new strategies are needed to make projects financially viable and bankable.
This report presents a practical three-layer framework for structuring commercially viable CCU/S business models:
- Layer 1: Core Business Models.
- Layer 2: Commercial and Delivery Models.
- Layer 3: Foundational Enablers.
The publication also outlines eight (8) recommended priority actions.