The recently passed IRA includes an uplift to the existing 45Q tax credit for CCS
CCS poised for rapid growth in US
Inflation Reduction Act and other government initiatives seen as catalysts for carbon-capture expansion across multiple industrial sectors, according to speakers at Transition Economist roundtable
The US market for carbon capture and storage (CCS) has seen a surge of activity over the last 12 months and projects are set to accelerate on the back of increased state support set out by the Inflation Reduction Act (IRA), according to speakers at the recent Transition Economist roundtable, titled Carbon capture as a solution to decarbonize: US spotlight. “Almost 70pc of the largest CCS projects in the world are in the US—it really is a surge,” says Dominique Rouge, vice-president, sales & technology at Air Liquide Engineering & Construction. “All sectors are involved. I would say gas processing, power plants and bioethanol lead the pack, but we see more and more activity in hydroge
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