Carbon Capture, Utilization, and Storage (CCUS) Market: Essential Tech for Net-Zero

0
29

The CCUS Market has gained significant traction as industries and governments recognize that eliminating emissions from hard-to-abate sectors requires more than just renewable energy. CCUS captures CO₂ from power plants and industrial facilities, either storing it underground or using it in value-added applications.

Market Overview

CCUS is used in various industries, including cement, steel, refining, and power generation. It is considered essential by the IEA and IPCC to meet global climate goals, especially for countries reliant on fossil fuels.

Market Drivers

Net-Zero Commitments:
Countries aiming for net-zero by 2032 include CCUS in their roadmaps to decarbonize heavy industry and power.

Hydrogen Production (Blue Hydrogen):
Capturing CO₂ from steam methane reforming supports the transition to clean hydrogen.

Government Support and Incentives:
Tax credits like the U.S. 45Q, EU funding programs, and national subsidies support large-scale CCUS deployment.

Oil & Gas Sector Engagement:
Energy majors are investing in CCUS hubs to offset operational emissions and monetize captured carbon.

Utilization and Storage

Utilization: CO₂ can be reused in enhanced oil recovery, construction materials, and synthetic fuels.

Storage: Injected into saline aquifers, depleted oil fields, or basalt formations.

Challenges

High Costs and Infrastructure Needs: CCUS facilities and pipelines require massive capital investment.

Public Perception: Safety and environmental concerns around long-term storage.

Limited Commercial Projects: Most current CCUS initiatives are pilot or demonstration-scale.

Outlook

The CCUS market is projected to grow at a CAGR over the next decade. Clustering of capture sources and shared infrastructure will be key to scalability and cost reduction.

Cerca
Categorie
Leggi di più
Giochi
Maximize Your Gameplay: How to Buy EA FC 25 Coins and Boost Your FUT 25 Experience
Maximize Your Gameplay: How to Buy EA FC 25 Coins and Boost Your FUT 25 Experience Are you ready...
Di Casey 2025-03-04 18:08:07 0 1K
Networking
Canada Residential Water Softening Systems Market Developments and Forecast for 2032
Canada Residential Water Softening Systems Market Overview The residential water softening...
Di mrfrmarket 2024-11-28 09:46:04 0 2K
Giochi
Sandy in Fighting Games: Top Gadgets & Strategies
Sandy has emerged as a standout character in the fighting game genre, consistently ranking...
Di xtameem 2024-10-05 03:12:06 0 2K
Altre informazioni
Why Defoaming Separators Are Critical for Clean and Safe Oil & Gas Production
 #CleanEnergy #OilfieldSafety #SeparatorSystems #EcoFriendlyTech #OilGasInsights...
Di sdsd 2025-06-17 04:02:04 0 165
Giochi
Como Comprar FIFA Coins e Moedas FC 25 para Potencializar Seu Jogo no EA FC 25
Como Comprar FIFA Coins e Moedas FC 25 para Potencializar Seu Jogo no EA FC 25 Se você...
Di Casey 2025-01-08 21:15:40 0 1K