GEI analyst Seth Haskell speaks at the CCS Strategy Europe event
Higher carbon prices give boost to industrial CCS
Improved financial incentives are spurring investment in CCS in industry, although challenges remain in sectors such as steel and cement
The CCS project landscape remains dominated by natural gas processing applications, but greater policy support and rising carbon prices mean there is a pipeline of projects in the ‘hard to abate’ sectors, such as cement and steel, according to Gulf Energy Information. “Most CCS projects and the overwhelming majority of the capture capacity associated with those projects is related to natural gas processing—projects such as Melkoya in Norway and Gorgon CCS in Australia, for example,” GEI analyst Seth Haskell said at Carbon Economist’s CCS Strategy Europe event in June. The CO₂ captured by natural gas processing projects is most often used for enhanced oil recovery (EOR), rather than being s
Also in this section
1 April 2026
Emerging industry must work with policymakers to convince a broader pool of investors to buy into its long-term potential
12 March 2026
Role of world’s largest carbon cap-and-trade market under scrutiny as war in Iran threatens to drive EU energy costs to unsustainable levels
10 March 2026
Europe urgently needs to bring more projects to FID, as CCS investors warn they might divert capital to faster-growing regions
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
