SPE Online Education
Overview of ISO 27916 Standard as an alternative to EPA GHGRT Subpart RR
Recorded On: 08/20/2019
With the recent expansion of the U.S. Internal Revenue Code (IRC) Section 45Q tax credit for CO2 storage, project developers are seeking this incentive to make the project financing viable. Guidance from the Internal Revenue Service (IRS) recommends that the Environmental Protection Association (EPA) CO2 reporting rules, particularly Subpart RR of the Greenhouse Gas Reporting Program (GHGRP), be used to quantify CO2 incidentally stored during CO2-EOR, as well as for the injection of CO2 for storage in depleted hydrocarbon and saline reservoirs. There has been much debate over the use and application of GHGRP Subpart RR to CO2-EOR as the means of establishing incidental storage quantification mechanisms that may serve as an alternative to the GHGRP requirements. More than five years ago, the International Organization for Standardization (ISO) formed technical committee 265 (TC-265) dealing with carbon dioxide capture, transport and geological storage. TC-265 was subdivided into six working groups, and international standards have been generated for post-combustion capture, pipeline transportation, geological storage (without storage quantification), and CO2-EOR (with incidental storage quantification, ISO 29716). This webinar will present context of the development of the ISO Standard 27916 and how it compares to and may be used as an alternative to GHGRP Subpart RR.
Dr. Steven M. Carpenter
Subject Matter Expert
Dr. Carpenter is a seasoned executive with 30+ years of experience in the energy, mining, international, and federal contracting industry. He is an internationally recognized Subject Matter Expert on Enhanced Oil Recovery (EOR), climate change, carbon, and risk management issues. Dr. Carpenter currently is the Head of Delegation and Chair of the United States Technical Advisory Group (TAG) & National Mirror Committee (NMC) for ISO Technical Committee TC-265: Carbon dioxide capture, transportation, and geological storage; and the International Convener for ISO Technical Committee TC-265 Carbon dioxide capture, transportation, and geological storage, Working Group 2: Carbon Dioxide Transportation.
Dr. Carpenter is the Chair of the CSA Groups Strategic Steering Committee on Natural Resources; a Trustee with the Energy Mineral Law Foundation; a Trustee with the International Pittsburgh Coal Conference at Swanson School of Engineering, University of Pittsburgh; received a lifetime appointment to the Executive Order of the Ohio Commodore; and is an active member of both the Society for Mining, Metallurgy & Exploration Inc. (SME) and the Society of Petroleum Engineers (SPE).
Dr. Carpenter holds a Bachelor’s degree in Physics from Earlham College, a Master’s degree in Environmental Public Policy from Antioch University, and a Ph.D. in Transdisciplinary Approaches to CO2-EOR from the California Institute of Integral Studies.
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