CCS needs clusters to reach scale – Wood Mac

Focus must switch away from individual parts of the value chain towards large projects to accelerate progress

Carbon capture and storage (CCS) clusters are vital in harnessing economies of scale and ensuring the technology meets the deployment levels needed to help the world meet the goals of the Paris Agreement, according to a study by consultancy Wood Mackenzie. In the IEA Sustainable Development Scenario, which is consistent with meeting the goals of the Paris Agreement, global CO₂ storage reaches 2.8gt/yr by 2050. But current CCS projects in operation are capturing only 40mn t/yr CO₂.  40mn t/yr – Amount of CO2 currently capture by CCS To accelerate progress the focus must switch away from individual parts of the CCS value chain towards large basin-wide projects, according to the repor