Development of a Business Model and Risk Management Framework for CCU : Waste to Energy Plant
Rampersad, Sharda (2025)
2025
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2025060520580
https://urn.fi/URN:NBN:fi:amk-2025060520580
Tiivistelmä
The main goal of the thesis is to explore and propose strategic methods, namely synergetic relationships between business models (BM) and project management (PM), which can be utilized in the carbon capture, utilization, and storage (CCUS) value chain. CO2 use can bring important climate benefits, such as global mandates of CO2 reduction.
A literature review was done on CCUS, PM and BMs and the integration of these three topics. Qualitative data was collected by conducting an interview of a waste to energy company to identify any distinct BMs and the economic value capture to harness CCU technologies in their project life cycle (PLC). Results were coded and analysed for insights using thematic analysis.
Key findings coincided with previous research of the drivers of CCU economic value and success however, variations in prioritization depend on the company’s value proposition. Interview analysis from the case company and existing theory demonstrated that the BM benefits from being synced with a risk management system for success which led to the development of a BM canvas and risk management framework.
Future research includes tailoring the BM model to suit other stages of the PLC as well as modifying the risk framework for different companies.
A literature review was done on CCUS, PM and BMs and the integration of these three topics. Qualitative data was collected by conducting an interview of a waste to energy company to identify any distinct BMs and the economic value capture to harness CCU technologies in their project life cycle (PLC). Results were coded and analysed for insights using thematic analysis.
Key findings coincided with previous research of the drivers of CCU economic value and success however, variations in prioritization depend on the company’s value proposition. Interview analysis from the case company and existing theory demonstrated that the BM benefits from being synced with a risk management system for success which led to the development of a BM canvas and risk management framework.
Future research includes tailoring the BM model to suit other stages of the PLC as well as modifying the risk framework for different companies.