The carbon capture and permanent sequestration (CCS) market is experiencing significant growth, driven by increasing regulatory pressures, climate goals, and the need for industries to reduce carbon footprints. Governments and private sectors are investing heavily in CCS technology. Global investments in CCS technologies are rising, with notable financial commitments from governments, international organizations, and private enterprises. Many countries have incorporated CCS into their climate strategies, offering subsidies, tax credits, and funding for research and development. Industry leaders across the globe are taking steps to care for stakeholders by reducing their carbon footprints.
Cozairo serves these companies by providing uniquely advantaged solutions for carbon capture and permanent sequestration as well as clean fuel switching. Cozairo’s experts reduce cost, complexity, and uncertainty by drawing on decades of experience in carbon capture and subsurface risk management, delivering efficient, tailored, and optimized solutions.
The Inception story
“I spent the first 20+ years of my career with an Energy supermajor, during which time I had the opportunity to work with extraordinarily capable people from every conceivable field of expertise on global-scale, billion-dollar mega-project but the experience that launched me on my current path was the technical leadership of a small (by Energy sector standards) waste injection project in Wyoming. At the time, I was the only project lead in my entire department who did not have a revenue-generating project, and I frankly felt like my employer at the time wouldn’t trust me with anything important! But my “little waste disposal project” turned out to be the first, and still the largest, CCS project in North America, and that formative experience gifted me with the critical building block that Cozairo has been built upon. It serves as a regular reminder that I haven’t always been able to discern how or why what I’m doing at any time is important, so I best give what I’m doing my full effort,” says Tim Matthews, CEO, Cozairo.
Beating the odds
“Leadership is a multi-faceted activity, but in my view the most important and differentiating element is relational i.e. how do we take care of our people? One formative experience for me was in leading a transformational initiative for a global team, we had a clear business case for transforming how we did resource management and production optimization across multiple teams. I was very conscious of the change management task, and spent many hours building understanding and buy-in within the team as a whole. But I didn’t spend sufficient time ensuring the leaders of the teams themselves were aligned and equipped to support the change themselves and as a result, I lost the heart and mind of one of those leaders permanently, which in turn forced me to change out the person in that role. If I’d been more thoughtful, we wouldn’t have lost 6+ months fighting internally within the leadership team,” adds Tim.
Meeting the global ethical standards
“We’re a technology deployer, rather than a technology developer. We work with several tremendous technology developers, and our job is to marry great tech with the right application to deliver the highest value CCS solution for our clients. Sustainability is a key concept for those working in the Energy Transition, because the term encompasses each of the key tenets of a successful transition strategy it must deliver material benefit to the environment (in our case, via avoidance of GHG emissions), it must be permanent, and it must be financially viable (lest the endeavour to preserve the environment bankrupt the economies that are supporting the people we are trying to help in the first place).
Notable Projects
“I’ve had the great opportunity to serve leadership roles in global-scale Upstream Oil & Gas projects from business case development through operations phases, as well as involvement in multiple CO2 injection projects in the US, Middle East and Asia-Pacific. In addition to the WY CCS project previously mentioned, I had the opportunity to lead preliminary design the first CO2 sequestration project in Australia, as well as involvement in multiple CO2 injection projects associated with enhanced oil recovery (EOR).”
The future roadmap“ Cozairo was founded to serve the urgent decarbonization needs of heavy industry in scale, it is a challenge unlike any we’ve faced as a society in peace time. By providing access to our team’s unique capabilities and expertise in the deployment of carbon capture & storage solutions, we are helping our industrial partners successfully design, finance, build and operate complex projects unlike anything they have done before. We are truly excited by the opportunities we’re seeing to partner with industrials to move the needle on emissions reductions. But these projects take years and billions of dollars to mature from concept all the way to operations. So we have near-term and intermediate goals that keep us on track. But our five-year vision is to see a number of the many CCS opportunities that we are currently working on built, operating and successfully avoiding millions of metric tons of CO2 emissions every year. And significantly, we can see a clear path to realizing that vision,” concludes Tim.
- Visit Tim Matthews – LinkedIn Profile
- Visit Cozairo – Company Website
