CCUS deployment is increasing
CCUS expansion gaining momentum – IDTechex
Capacity will reach 1.8gt/yr of CO₂ by 2043, according to modelling by research agency
Global CCUS capacity will reach 1.8gt/yr of CO₂ by 2043, according to modelling carried out for a new report by research agency IDTechex. The IDTechex model falls on the low side of expected development pathways published by other agencies. Thinktank the Energy Transitions Commission’s (ETC’s) base-case scenario sees CCUS capacity reach 6.9gt/yr by 2050, while the high deployment scenario sees 10.1gt/yr by the same date. Meanwhile, the IEA’s net-zero scenario sees 6.2 gt/yr of capacity by 2050. But while the ETC and IEA scenarios are based on the required capacity to achieve climate goals, the IDTechex scenario is based on a forward projection drawn from current policies and existing deploym
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
