CCS deployment is set for strong growth
CCS to gain momentum in 2023 – ING
US takes lead in emerging sector as enhanced policy support drives growth
Global deployment of carbon capture and storage (CCS) technology is expected to pick up speed in 2023, but growth will not accelerate significantly until 2025, when the completion of more projects is forecast to triple current capacity, according to analysis by Dutch bank ING. Of the CCS projects under development, only three—two in China and one in Australia—are expected to start up in 2023, increasing total operational capacity by 2.3mn t/yr, to 44.9mn t/yr. Operational capacity will rise to 150mn t/yr in 2025 and more than 250mn t/yr in 2030, according to ING’s forecasts, which are based on project announcements. 150bn t/yr – Projected CCS capacity in operation in 2025 Strengtheni
Also in this section
10 June 2025
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
3 June 2025
Africa faces challenges in adopting CCS but also has vast potential, with the technology being not just a climate tool but a catalyst for development
2 June 2025
Rather than a simple climate option, CCS is now being seen as a workable solution for Africa’s growth strategy
27 May 2025
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
