« SCOT » is a first European initiative in terms of recycling and CO2 valorisation .
The project aims to identify the tools to enable the transformation of CO2 into high value added products.
A consortium of 10 European operators from five different regions, each with a strong industrial profile (Rhône-Alpes (Fr), Rotterdam (NL), Yorkshire (UK), Germany and Wallonia (BE)), are involved in this project.
To date, the CO2 issue is above all and as a matter of priority approached from the standpoint of reducing emissions: renewable forms of energy, improvements in processes and methods. While these actions are useful, they are not however sufficient.
The capturing and storage of CO2 in geological formations (CCS - Carbon Capture & Storage) are today technically possible and installations that demonstrate this are in fact already operational. But this avenue does not create wealth and requires consequential investments and operational costs, which limit its development.
The « SCOT » European project will allow for the transformation of CO2 in three different ways :
The sale value of these products could compensate for the investments and operational costs, ensuring a bright future for these technologies.
The SCOT project, which started in October 2013 for a three year period, is coordinated by the GreenWin cluster.
It received financing from the European Union’s 7th Framework Programme for research, technological development and demonstration.