I think the changes to allow for enhanced oil recovery will be a positive net impact on the sector as it moves forward, certainly for the CCUS sector. The āUā is the utilization. Having a revenue stream really will support these projects, because one of the challenges that we've seen has been that you need that carbon credit value to be up to that significant level, probably over $100 or over $130. If you can achieve some additional revenue stream from the utilization and if that could be put towards the overall project economics, that's a good thing.
The hydrogen projects that are under construction currently in our region are using CO2 hubs. Those are not EOR hubs. Those are for straight CO2 storage, so I can't comment on whether any of these recent developments will change the strategies of those hydrogen companies to work with those hubs for the long-term storage. Again, I think with EOR demonstrating that CO2.... Some of it does get recycled, but ultimately, if we can store that in that geological formation during and after the EOR project, then it will have a very positive outcome.
