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Carbon Capture, Utilization & Storage Technologies

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    Report

  • 286 Pages
  • March 2022
  • Region: Global
  • BCC Research
  • ID: 5213902
Description Jump to:
This report provides an analysis of the global market for carbon capture, utilization and storage technologies and current market trends. It uses 2020 as a base year and provides estimates for 2021 and 2026, along with CAGR projections over this forecast period. The report includes a discussion of the technological factors, competitive factors and economic trends affecting the market. Furthermore, it explains the major drivers and regional dynamics of the global carbon, capture utilization and storage technology market and the current trends within the industry. The report covers carbon capture, utilization and storage technology segments in brief. The global market for carbon capture, utilization and storage technologies has been analyzed in terms of technologies, source, applications, service, country and region. The report concludes with detailed profiles of major vendors in the global carbon capture, utilization and storage technology market. The publisher examined key categories and regions of the carbon capture, utilization and storage technology market and forecasted market growth from 2021 to 2026. The global market size estimates are provided both value ($ million) and in volume (kiloton, KT). All tons in this report are metric tons or MTs (2,205 lbs.), not U.S. tons (2,000 lbs.), unless otherwise noted. The British spelling “tonne” is not used in this report.

Report Includes


  • 84 data tables and 67 additional tables
  • An updated overview of the global market for carbon capture, utilization, and storage (CCUS) technologies
  • Estimation of the market size, both in terms of volume and value, and analyses of the global market trends, with data from 2020 to 2021, estimates for 2022-2025, with projection of CAGR through 2026
  • Identification of key market dynamics, trends, opportunities and factors influencing the global carbon, capture utilization & storage technologies market and its subsegments
  • Highlights of the market potential for carbon, capture utilization & storage technologies market on the basis of technologies, source, applications, service and region
  • Description of CCUS value chain, climate policies and regulation of the industry such as Kyoto Protocol and Carbon Pricing
  • Discussion on importance of carbon capture technologies for achieving climate objectives, and widening the portfolio of low-carbon power sources, and information on Net-Zero and Negative Emissions
  • Insights into the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
  • Evaluation of the companies best positioned to meet the current and future demand of carbon, capture utilization and storage technologies owing to their proprietary technologies, strategic alliances, or other advantages
  • Company profiles of the market leading participants, including Air Liquide, BASF SE, General Electric, Linde AG and Schlumberger Ltd

Table of Contents

Chapter 1 Introduction
  • Study Goals and Objectives
  • Reasons for Doing the Study
  • What's New in this Update?
  • Scope of Report
  • Research Methodology
  • Intended Audience
  • Regional Breakdown
  • Analyst's Credentials
  • Publisher Custom Research
  • Related Bcc Research Reports

Chapter 2 Executive Summary
Chapter 3 Overview of the Carbon Industry
  • Overview
  • Climate Policies and Regulation
  • Kyoto Protocol
  • Carbon Pricing
  • Ccus Value Chain
  • Impact of Covid-19 on the Ccus Industry

Chapter 4 Market Dynamics
  • Importance of Carbon Capture Technologies
  • How Carbon Capture Technologies Support the Power Transition
  • Address Existing Plant Emissions
  • Stable Power Flexibility
  • Emissions Net Nil and Negative
  • Support for Co2 Infrastructure Will Be Essential Element of Policy Incentives for Ccus
  • Carbon Capture Technologies Are Important for Achieving Climate Objectives, Widening the Portfolio of Low-Carbon Power Sources
  • Tackling Emissions from Existing Plants
  • Retrofitting Carbon Capture Technologies Makes the Most Sense for Power Plants That Are Well Located, Young and Efficient
  • Net-Zero and Negative Emissions
  • Carbon Capture With Bioenergy Becomes Increasingly Cost-Competitive With Fossil Fuel-Based Ccus at Higher Carbon Prices
  • How Carbon Capture Affects Thermal Power Plant Flexibility
  • Challenges and Opportunities
  • Technological Advances Needed
  • Policy Incentives and Support
  • Bcc Research Select Insights from Industry Leaders

Chapter 5 Status of Ccus Projects
  • Overview

Chapter 6 Global Ccus Market Outlook
Chapter 7 Market Breakdown by Technology
  • Overview
  • Pre-Combustion Carbon Capture Technology
  • Post-Combustion Carbon Capture Technology
  • Oxy-Fuel Combustion
  • Inherent Separation
  • Co2 Separation Technologies
  • Markets

Chapter 8 Markets
  • Overview
  • Co2 Use Vs. Co2 Storage
  • Co2 Merchant Market
  • Emerging Uses and Co2 Utilization
  • Co2 Storage
  • Market

Chapter 9 Market Breakdown by Source
  • Gas Processing (Sweetening)
  • Hydrogen Production Through Steam Reforming
  • Ammonia Production
  • Methanol Production
  • Ethanol Production
  • Coal-To-Liquid (Ctl)
  • Markets

Chapter 10 Market Breakdown by Application
  • Ccus Applications
  • Power Generation
  • Coal
  • Gas
  • Biomass
  • Other Industrial Processes
  • Gas Processing
  • Refining
  • Chemicals
  • Ammonia Production
  • Methanol Production
  • Biofuels
  • Iron and Steel
  • Cement
  • Pulp and Paper
  • Aluminum
  • Markets

Chapter 11 North American Ccus Market Outlook
  • Overview
  • U.S.
  • U.S. Regulation
  • Technology Development Support
  • Canada
  • Canadian Regulation of Carbon Emissions
  • Technology Development Support

Chapter 12 European Ccus Market Outlook
  • Overview
  • France
  • French Regulation of Carbon Emissions
  • Technology Development Support
  • Germany
  • German Regulation of Carbon Emissions
  • Technology Development Support
  • Italy
  • Italian Regulation of Carbon Emissions
  • Technology Development Support
  • the Netherlands
  • Netherlands Regulation of Carbon Emissions
  • Technology Development Support
  • Norway
  • Norwegian Regulation of Carbon Emission
  • Technology Development Support
  • U.K.
  • Technology Development Support

Chapter 13 Asia-Pacific Ccus Market Outlook
  • China
  • Chinese Regulation on Carbon Emission
  • Technology Development Support
  • Japan
  • Japanese Regulation of Carbon Emissions
  • Technology Development Support
  • South Korea
  • South Korean Regulation of Carbon Emissions
  • Technology Development Support
  • Australia
  • Australian Regulation of Carbon Emissions
  • Technology Development Support

Chapter 14 LAMEA Ccus Market Outlook
  • Brazil
  • United Arab Emirates
  • Saudi Arabia
  • South Africa

Chapter 15 Emerging Technologies
  • Overview
  • Researchers Are Identifying Numerous Technical Approaches to Achieving Carbon Neutrality at Ccus-Equipped Power Plants
  • Co2 Capture is Benefiting from Numerous Research Initiatives

Chapter 16 Company Profiles
  • Accelergy Corp.
  • Alcoa of Australia Ltd.
  • Air Liquide
  • Air Products and Chemicals Inc.
  • Aker Solutions
  • Bayer Materialscience AG
  • Bioprocess Algae LLC
  • Basf Se
  • Bp plc
  • Cambridge Carbon Capture (Ccc)
  • Carbon Cycle Ltd.
  • Carbon Recycling International
  • Carbon8 Systems
  • Carboncure Technologies Inc.
  • Changchun Institute of Applied Chemistry (Ciac)
  • Dioxide Materials Inc.
  • Dnv Research and Innovation (Dnv Gl Group As)
  • E3Tec Service LLC
  • Easel Biotechnologies LLC
  • Econic Technologies Ltd.
  • Empower Materials Inc.
  • Enn Group Co. Ltd.
  • Gas Technology Institute
  • General Electric
  • Henan Tianguan Enterprise Group Co. Ltd.
  • Jiangsu Zhongke Jinlong-Cas Chemical Co. Ltd.
  • Joule Unlimited Inc.
  • Lanzatech Inc.
  • Liquid Light Inc.
  • Linde AG
  • Mbd Energy Ltd.
  • Mitsui Chemicals Inc.
  • Mitsubishi Heavy Industries Ltd.
  • Norner As
  • Novomer Inc.
  • Oakbio Inc.
  • Pioneer Energy Inc.
  • Pond Biofuels Inc.
  • Quantiam Technologies Inc.
  • Royal Dutch Shell plc
  • Schlumberger Ltd.
  • Siemens AG
  • Sk Energy Co. Ltd.
  • Skyonic Corp.
  • Solidia Technologies Inc.
  • Twence B.V.

Chapter 17 Appendix: List of Acronyms
List of Tables
Summary Table: Global Market for CCUS Technologies, by Region, Through 2026
Table 1: GHG Reduction Targets 2020, by Country/Region
Table 2: CO2 Emissions by Fossil Fuels, by Country/Region, 2020
Table 3: Carbon Taxes, by Country, 2021
Table 4: Participants of “The Climate Ambition Alliance”
Table 5: Pipeline of Commercial CCUS Facilities, By Capture Capacity, 2015-2021
Table 6: Largest Contributors by Capacity to CCUS Industry, 2020-2026
Table 7: Operational Commercial CCUS Facilities
Table 8: Commercial CCUS Facilities Under Construction
Table 9: CCUS Facilities at Early Development Stage
Table 10: Commercial CCUS Facilities at Advanced Development Stage
Table 11: Global Market for CCUS Technologies, by Region, Through 2026
Table 12: Global Market Volume of CCUS Technologies, by Region, Through 2026
Table 13: Global Market for CCUS Technologies, by Technology, Through 2026
Table 14: Global Market Volume of CCUS Technologies, by Technology, Through 2026
Table 15: Global Market for CCUS Technologies, by Service, Through 2026
Table 16: Global Market for CCUS Technologies, by Source, Through 2026
Table 17: Global Market Volume of CCUS Technologies, by Source, Through 2026
Table 18: Global Market for CCUS Technologies, by Application, Through 2026
Table 19: Global Market Volume of CCUS Technologies, by Application, Through 2026
Table 20: Overview of Pre-combustion Capture Technologies, by Suppliers/Developers
Table 21: Main Technology Providers of IGCC Component Technologies, Excluding Acid Gas Removal
Table 22: Overview of Post-combustion Capture Technologies, by Suppliers/Developers
Table 23: CCUS Plants and Projects Using Oxy-Fuel Technology
Table 24: Technology Providers by Major Oxy-Fuel Component Systems
Table 25: Comparison of Post-combustion, Pre-combustion and Oxy-Fueling Technologies
Table 26: Comparison of Carbon Capture Technologies
Table 27: Carbon Capture Options by Separation Technology
Table 28: Comparison of Different Materials for Large-Scale CO2 Capture
Table 29: Global Market for CCUS Technologies, by Technology Type, Through 2026
Table 30: Global Market Volume of CCUS Technologies, by Technology Type, Through 2026
Table 31: Global Market for Post-combustion Capture Technologies, by Region, Through 2026
Table 32: Global Market Volume of Post-combustion Capture Technologies, by Region, Through 2026
Table 33: Global Market for Pre-combustion Capture Technologies, by Region, Through 2026
Table 34: Global Market Volume of Pre-combustion Capture Technologies, by Region, Through 2026
Table 35: Global Market for Oxy Fuel Combustion Capture Technologies, by Region, Through 2026
Table 36: Global Market Volume of Oxy Fuel Combustion Capture Technologies, by Region, Through 2026
Table 37: Global Market for CCUS Technologies, by Service, Through 2026
Table 38: Global Market for Carbon Capture Services, by Region, Through 2026
Table 39: Global Market for Carbon Storage Services, by Region, Through 2026
Table 40: Global Market for Carbon Transport Services, by Region, Through 2026
Table 41: Global Market for Other Types of CCUS Services, by Region, Through 2026
Table 42: Selection of Common Commercial Solvents Used for the Removal of CO2 from Natural Gas
Table 43: Cost of Capturing CO2 at a Gas Processing Plant
Table 44: Large Gas Processing Plants and Projects with CCUS, 2020-2025
Table 45: Cost of Capturing CO2 at a Hydrogen Plant
Table 46: Large Hydrogen Plants and Projects with CCUS, 2020-2025
Table 47: Cost of Capturing CO2 at an Ammonia Plant
Table 48: Large Ammonia Plants and Projects with CCUS, (MTPA)
Table 49: Large Methanol Plants and Projects with CCUS, (MTPA)
Table 50: Large Ethanol Plants and Projects with CCUS
Table 51: Cost of Capturing CO2 at an Ethanol Plant
Table 52: Cost of Capturing CO2 at a CTL Plant
Table 53: Large CTL Plants and Projects with CCUS
Table 54: Global Market for CCUS Technologies, by Source, Through 2026
Table 55: Global Market for CCUS Technologies, by Source, Through 2026
Table 56: Global Market for CCUS Technologies for Natural Gas Processing, by Region, Through 2026
Table 57: Global Market Volume of CCUS Technologies for Natural Gas Processing, by Region, Through 2026
Table 58: Global Market for CCUS Technologies for Hydrogen Production, by Region, Through 2026
Table 59: Global Market Volume of CCUS Technologies for Hydrogen Production, by Region, Through 2026
Table 60: Global Market for CCUS Technologies for Fertilizer Production, by Region, Through 2026
Table 61: Global Market Volume of CCUS Technologies for Fertilizer Production, by Region, Through 2026
Table 62: Global Market for CCUS Technologies for Ethanol Production, by Region, Through 2026
Table 63: Global Market Volume of CCUS Technologies for Ethanol Production, by Region, Through 2026
Table 64: Global Market for CCUS Technologies for Other Industries, by Region, Through 2026
Table 65: Global Market Volume of CCUS Technologies for Other Industries, by Region, Through 2026
Table 66: New Carbon Capacities Coming on Stream, by Sector
Table 67: Levelized Cost of Electricity (LCOE) for New Generation Resources, 2018
Table 68: Coal Reserves vs. Natural Gas Reserves, 2013
Table 69: Top Ten Natural Gas Producing Countries, 2020
Table 70: Number of Refineries, by Region, 2019
Table 71: World Urea Statistics and Projected CO2 Consumption, 2016-2020
Table 72: Cost of Capturing CO2 at Both COG+BFS and COG PPS Iron and Steel Plants
Table 73: Cost of Capturing CO2 at a Cement Plant
Table 74: Global Market for CCUS Technologies, by Application, Through 2026
Table 75: Global Market Volume of CCUS Technologies, by Application, Through 2026
Table 76: Global Market for CCUS Technologies in Oil and Gas, by Region, Through 2026
Table 77: Global Market Volume of CCUS Technologies in Oil and Gas, by Region, Through 2026
Table 78: Global Market for CCUS Technologies in Power Generation, by Region, Through 2026
Table 79: Global Market Volume of CCUS Technologies in Power Generation, by Region, Through 2026
Table 80: Global Market for CCUS Technologies in Feedstock for Chemicals and Polymers, by Region, Through 2026
Table 81: Global Market Volume of CCUS Technologies in Feedstock for Chemicals and Polymers, by Region, Through 2026
Table 82: Global Market for CCUS Technologies in Agriculture, by Region, Through 2026
Table 83: Global Market Volume of CCUS Technologies in Agriculture, by Region, Through 2026
Table 84: Global Market for CCUS Technologies in Other Applications, by Region, Through 2026
Table 85: Global Market Volume of CCUS Technologies in Other Applications, by Region, Through 2026
Table 86: North American Market for CCUS Technologies, by Country, Through 2026
Table 87: North American Market Volume of CCUS Technologies, by Country, Through 2026
Table 88: North American Market for CCUS Technologies, by Technology Type, Through 2026
Table 89: North American Market Volume of CCUS Technologies, by Technology Type, Through 2026
Table 90: North American Market for CCUS Technologies, by Service, Through 2026
Table 91: North American Market for CCUS Technologies, by Source, Through 2026
Table 92: North American Market Volume of CCUS Technologies, by Source, Through 2026
Table 93: North American Market for CCUS Technologies, by Application, Through 2026
Table 94: North American Market Volume of CCUS Technologies, by Application, Through 2026
Table 95: Commercial CCUS Facilities in North America
Table 96: European Market for CCUS Technologies, by Country, Through 2026
Table 97: European Market Volume for CCUS Technologies, by Country, Through 2026
Table 98: European Market for CCUS Technologies, by Technology Type, Through 2026
Table 99: European Market Volume of CCUS Technologies, by Technology Type, Through 2026
Table 100: European Market for CCUS Technologies, by Service, Through 2026
Table 101: European Market for CCUS Technologies, by Source, Through 2026
Table 102: European Market Volume of CCUS Technologies, by Source, Through 2026
Table 103: European Market for CCUS Technologies, by Application, Through 2026
Table 104: European Market Volume for CCUS Technologies, by Application, Through 2026
Table 105: Commercial CCUS Facilities in Europe
Table 106: Asia-Pacific Market for CCUS Technologies, by Country, Through 2026
Table 107: Asia-Pacific Market Volume of CCUS Technologies, by Country, Through 2026
Table 108: Asia-Pacific Market for CCUS Technologies, by Technology Type, Through 2026
Table 109: Asia-Pacific Market Volume of CCUS Technologies, by Technology Type, Through 2026
Table 110: Asia-Pacific Market for CCUS Technologies, by Service, Through 2026
Table 111: Asia-Pacific Market for CCUS Technologies, by Source, Through 2026
Table 112: Asia-Pacific Market Volume of CCUS Technologies, by Source, Through 2026
Table 113: Asia-Pacific Market for CCUS Technologies, by Application, Through 2026
Table 114: Asia-Pacific Market Volume of CCUS Technologies, by Application, Through 2026
Table 115: Operational Commercial CCUS Facilities in Asia-Pacific
Table 116: LAMEA Market for CCUS Technologies, by Country, Through 2026
Table 117: LAMEA Market Volume for CCUS Technologies, by Country, Through 2026
Table 118: LAMEA Market for CCUS Technologies, by Technology Type, Through 2026
Table 119: LAMEA Market Volume of CCUS Technologies, by Technology Type, Through 2026
Table 120: LAMEA Market for CCUS Technologies, by Service, Through 2026
Table 121: LAMEA Market for CCUS Technologies, by Source, Through 2026
Table 122: LAMEA Market Volume of CCUS Technologies, by Source, Through 2026
Table 123: LAMEA Market for CCUS Technologies, by Application, Through 2026
Table 124: LAMEA Market Volume of CCUS Technologies, by Application, Through 2026
Table 125: Operational Commercial CCUS Facilities in LATAM
Table 126: Technology Developers and Suppliers, by Capture Technology
Table 127: Technology Developers and Suppliers, by Capture Technology
Table 128: Technology Developers and Suppliers Involved in CO2 Capture
Table 129: Air Liquide: Key Financial Highlights
Table 130: Air Liquide: Recent Developments
Table 131: Air Products and Chemicals Inc.: Key Financial Highlights
Table 132: Air Products and Chemicals Inc.: Recent Developments
Table 133: Aker Solutions: Key Financial Highlights
Table 134: Aker Solutions: Recent Developments
Table 135: BASF SE: Key Financial Highlights
Table 136: BASF SE: Recent Developments
Table 137: BP PLC: Key Financial Highlights
Table 138: BP PLC: Recent Developments
Table 139: General Electric: Key Financial Highlights
Table 140: General Electric: Business Segment Overview
Table 141: General Electric: Recent Developments
Table 142: Linde AG: Key Financial Highlights
Table 143: Linde AG: Recent Developments
Table 144: Mitsubishi Heavy Industries Ltd.: Key Financial Highlights
Table 145: Mitsubishi Heavy Industries Ltd.: Recent Developments
Table 146: Royal Dutch Shell PLC: Key Financial Highlights
Table 147: Royal Dutch Shell PLC: Recent Developments
Table 148: Schlumberger Ltd.: Key Financial Highlights
Table 149: Schlumberger Ltd.: Recent Developments
Table 150: Acronyms Used in the CCUS Technologies Market
List of Figures
Summary Figure: Global Market for CCUS Technologies, by Region, 2020-2026
Figure 1: CCUS Schematic Diagram
Figure 2: Annual CO2 Emissions by Fossil Fuels, 2015-2021
Figure 3: CO2 Emissions, by Industry, 2020
Figure 4: Carbon Taxes, by Country, 2021
Figure 5: CCUS Value Chain
Figure 6: Pipeline of Commercial CCUS Facilities, by Capture Capacity, 2015-2021E
Figure 7: Commercial CCUS Facilities, by Capture Capacity, 2021
Figure 8: Global Market for CCUS Technologies, by Region, 2020-2026
Figure 9: Global Market Volume of CCUS Technologies, by Region, 2020-2026
Figure 10: Global Market for CCUS Technologies, by Technology, 2020-2026
Figure 11: Global Market Volume of CCUS Technologies, by Technology, 2020-2026
Figure 12: Global Market for CCUS Technologies, by Service, 2020-2026
Figure 13: Global Market for CCUS Technologies, by Source, 2020-2026
Figure 14: Global Market Volume of CCUS Technologies, by Source, 2020-2026
Figure 15: Global Market for CCUS Technologies, by Application, 2020-2026
Figure 16: Global Market Volume of CCUS Technologies, by Application, 2020-2026
Figure 17: Schematic Overview of CO2 Capture Approaches
Figure 18: CO2 Separation Technologies
Figure 19: Global Market for CCUS Technologies, by Technology Type, 2020-2026
Figure 20: Global Market Volume of CCUS Technologies, by Technology Type, 2020-2026
Figure 21: Global Market for Post-combustion Capture Technologies, by Region, 2020-2026
Figure 22: Global Market Volume of Post-combustion Capture Technologies, by Region, 2020-2026
Figure 23: Global Market for Pre-combustion Capture Technologies, by Region, 2020-2026
Figure 24: Global Market Volume of Pre-combustion Capture Technologies, by Region, 2020-2026
Figure 25: Global Market for Oxy Fuel Combustion Capture Technologies, by Region, 2020-2026
Figure 26: Global Market Volume of Oxy Fuel Combustion Capture Technologies, by Region, 2020-2026
Figure 27: Global Market for CCUS Technologies, by Service, 2020-2026
Figure 28: Global Market for Carbon Capture Services, by Region, 2020-2026
Figure 29: Global Market for Carbon Storage Services, by Region, 2020-2026
Figure 30: Global Market for Carbon Transport Services, by Region, 2020-2026
Figure 31: Global Market for Other Types of CCUS Services, by Region, 2020-2026
Figure 32: Global Market for CCUS Technologies, by Source, 2020-2026
Figure 33: Global Market Volume of CCUS Technologies, by Source, 2020-2026
Figure 34: Global Market for CCUS Technologies for Natural Gas Processing, by Region, 2020-2026
Figure 35: Global Market Volume of CCUS Technologies for Natural Gas Processing, by Region, 2020-2026
Figure 36: Global Market for CCUS Technologies for Hydrogen Production, by Region, 2020-2026
Figure 37: Global Market Volume of CCUS Technologies for Hydrogen Production, by Region, 2020-2026
Figure 38: Global Market for CCUS Technologies for Fertilizer Production, by Region, 2020-2026
Figure 39: Global Market Volume of CCUS Technologies for Fertilizer Production, by Region, 2020-2026
Figure 40: Global Market for CCUS Technologies for Ethanol Production, by Region, 2020-2026
Figure 41: Global Market Volume of CCUS Technologies for Ethanol Production, by Region, 2020-2026
Figure 42: Global Market for CCUS Technologies for Other Industries, by Region, 2020-2026
Figure 43: Global Market Volume of CCUS Technologies for Other Industries, by Region, 2020-2026
Figure 44: Global Market for CCUS Technologies, by Application, 2020-2026
Figure 45: Global Market Volume of CCUS Technologies, by Application, 2020-2026
Figure 46: Global Market for CCUS Technologies in Oil and Gas, by Region, 2020-2026
Figure 47: Global Market Volume of CCUS Technologies in Oil and Gas, by Region, 2020-2026
Figure 48: Global Market for CCUS Technologies in Power Generation, by Region, 2020-2026
Figure 49: Global Market Volume of CCUS Technologies in Power Generation, by Region, 2020-2026
Figure 50: Global Market for CCUS Technologies in Feedstock for Chemicals and Polymers, by Region, 2020-2026
Figure 51: Global Market Volume of CCUS Technologies in Feedstock for Chemicals and Polymers, by Region, 2020-2026
Figure 52: Global Market for CCUS Technologies in Agriculture, by Region, 2020-2026
Figure 53: Global Market Volume of CCUS Technologies in Agriculture by Region, 2020-2026
Figure 54: Global Market for CCUS Technologies in Other Applications, by Region, 2020-2026
Figure 55: Global Market Volume of CCUS Technologies in Other Applications by Region, 2020-2026
Figure 56: North American Market for CCUS Technologies, by Country, 2020-2026
Figure 57: North American Market Volume of CCUS Technologies, by Country, 2020-2026
Figure 58: North American Market for CCUS Technologies, by Technology Type, 2020-2026
Figure 59: North American Market Volume of CCUS Technologies, by Technology Type, 2020-2026
Figure 60: North American Market for CCUS Technologies, by Service, 2020-2026
Figure 61: North American Market for CCUS Technologies, by Source, 2020-2026
Figure 62: North American Market Volume of CCUS Technologies, by Source, 2020-2026
Figure 63: North American Market for CCUS Technologies, by Application, 2020-2026
Figure 64: North American Market Volume of CCUS Technologies, by Application, 2020-2026
Figure 65: Commercial CCUS Facilities in North America
Figure 66: European Market for CCUS Technologies, by Country, 2020-2026
Figure 67: European Market Volume of CCUS Technologies, by Country, 2020-2026
Figure 68: European Market for CCUS Technologies, by Technology Type, 2020-2026
Figure 69: European Market Volume for CCUS Technologies, by Technology Type, 2020-2026
Figure 70: European Market for CCUS Technologies, by Service, 2020-2026
Figure 71: European Market for CCUS Technologies, by Source, 2020-2026
Figure 72: European Market Volume of CCUS Technologies, by Source, 2020-2026
Figure 73: European Market for CCUS Technologies, by Application, 2020-2026
Figure 74: European Market Volume for CCUS Technologies, by Application, 2020-2026
Figure 75: Europe Commercial CCUS Facilities
Figure 76: Asia-Pacific Market for CCUS Technologies, by Country, 2020-2026
Figure 77: Asia-Pacific Market Volume of CCUS Technologies, by Country, 2020-2026
Figure 78: Asia-Pacific Market for CCUS Technologies, by Technology Type, 2020-2026
Figure 79: Asia-Pacific Market Volume of CCUS Technologies, by Technology Type, 2020-2026
Figure 80: Asia-Pacific Market for CCUS Technologies, by Service, 2020-2026
Figure 81: Asia-Pacific Market for CCUS Technologies, by Source, 2020-2026
Figure 82: Asia-Pacific Market Volume of CCUS Technologies, by Source, 2020-2026
Figure 83: Asia-Pacific Market for CCUS Technologies, by Application, 2020-2026
Figure 84: Asia-Pacific Market Volume of CCUS Technologies, by Application, 2020-2026
Figure 85: Asia-Pacific Operational CCUS Facilities
Figure 86: LAMEA Market for CCUS Technologies, by Country, 2020-2026
Figure 87: LAMEA Market for CCUS Technologies, by Country, 2020-2026
Figure 88: LAMEA Market for CCUS Technologies, by Technology Type, 2020-2026
Figure 89: LAMEA Market Volume of CCUS Technologies, by Technology Type, 2020-2026
Figure 90: LAMEA Market for CCUS Technologies, by Service, 2020-2026
Figure 91: LAMEA Market for CCUS Technologies, by Source, 2020-2026
Figure 92: LAMEA Market Volume of CCUS Technologies, by Source, 2020-2026
Figure 93: LAMEA Market for CCUS Technologies, by Application, 2020-2026
Figure 94: LAMEA Market Volume of CCUS Technologies, by Application, 2020-2026
Figure 95: LAMEA Operational CCUS Facilities
Figure 96: Air Liquide: Operating Segment Share, 2020
Figure 97: Air Liquide, Gas and Services: Activity Segment Share, 2020
Figure 98: Air Liquide: Market Share, by Region, 2020
Figure 99: Air Products and Chemicals Inc.: Market Share, by Operation Segment, 2021
Figure 100: Air Products and Chemicals Inc.: Market Share, by Region, 2021
Figure 101: Aker Solutions: Market Share, by Operating Segment, 2020
Figure 102: Aker Solutions: Market Share, by Region, 2020
Figure 103: BASF SE: Market Share, by Operating Segment, 2020
Figure 104: BASF SE: Market Share, by Operating Sub-Segment, 2020
Figure 105: BASF SE: Market Share, by Region, 2020
Figure 106: BP PLC: Market Share, by Operating Segment, 2020
Figure 107: BP PLC: Market Share, by Region, 2020
Figure 108: General Electric: Market Share, by Business Segment, 2020
Figure 109: General Electric: Market Share, by Region, 2019
Figure 110: Company annual report and website
Figure 111: Linde AG: Market Share, by Geographic Segment, 2020
Figure 112: Mitsubishi Heavy Industries Ltd.: Market Share, by Business Segment, 2020
Figure 113: Royal Dutch Shell PLC: Market Share, by Operating Segment Share, 2020
Figure 114: Royal Dutch Shell PLC: Market Share, by Region, 2020
Figure 115: Schlumberger Ltd.: Market Share, by Operating Segment, 2020
Figure 116: Schlumberger Ltd.: Market Share, by Region, 2020

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Executive Summary

CO2 sequestration can be defined as the segregation of CO2, either chemically, as in chemical utilization, or physically, as in geologic storage. The integrated process from capture to sequestration is defined as carbon capture, utilization and storage (CCUS). For both the power sector and industry, carbon capture is the only large-scale option available to reduce emissions at relatively low cost while preserving the value of fossil fuel reserves and existing infrastructures. For CCUS to contribute significantly to the mitigation of CO2 emissions, it would be necessary to implement thousands of large-scale CCUS projects worldwide over the coming decades, which would require a joint and dedicated effort from industry and policymakers.

National demonstration programs are an essential driver of the development of new technologies. In terms of the number of large demonstration projects, the leading countries are the U.S., U.K. and China, where numerous projects have been reported. In other countries, such as Australia, and European countries, a number of ambitious projects have been developed in the past years but have been since cancelled or face serious delays.

According to IEA, in the past ten years, around $15 billion capital has been invested in the 15 large-scale CCUS projects that have been commissioned as well as the Kemper County CCUS facility, which was abandoned in 2017. This capital investment was supported by approximately $2.8 billion in public grant funding. Moreover, in 2020, governments of different countries along with related industries have announced to invest more than $25 billion in CCUS projects and programs.

Based on the large CCUS plants and projects that we have identified worldwide, we expect the combined CO2 capture capacity based on post-combustion, pre-combustion and oxy-fuel combustion to dominate in 2020 in terms of volume captured. We differentiate between the three main capture systems that can be integrated in both power plants and industrial plants and the inherent capture of CO2 that occurs in industrial processes such as in the gas processing or biofuel sector.

While considerable R&D efforts are being made to develop new pathways for converting CO2 to useful products, these emerging applications are still mostly being tested at the laboratory or pilot scale. However, Chinese companies have already started to commercialize CO2-based polymers, thus overtaking Western companies that have been doing extensive research in this field for years.

Despite the many developments being made, CCUS technology has not reached its optimum level. While its importance in terms of helping organizations and governments reach climate goals was recognized long ago, its deployment has been very slow.

Companies Mentioned

  • Accelergy Corp.
  • Air Liquide
  • Air Products and Chemicals Inc.
  • Aker Solutions
  • Alcoa of Australia Ltd.
  • Basf Se
  • Bayer Materialscience AG
  • Bioprocess Algae LLC
  • Bp plc
  • Cambridge Carbon Capture (Ccc)
  • Carbon Cycle Ltd.
  • Carbon Recycling International
  • Carbon8 Systems
  • Carboncure Technologies Inc.
  • Changchun Institute of Applied Chemistry (Ciac)
  • Dioxide Materials Inc.
  • Dnv Research and Innovation (Dnv Gl Group As)
  • E3Tec Service LLC
  • Easel Biotechnologies LLC
  • Econic Technologies Ltd.
  • Empower Materials Inc.
  • Enn Group Co. Ltd.
  • Gas Technology Institute
  • General Electric
  • Henan Tianguan Enterprise Group Co. Ltd.
  • Jiangsu Zhongke Jinlong-Cas Chemical Co. Ltd.
  • Joule Unlimited Inc.
  • Lanzatech Inc.
  • Linde AG
  • Liquid Light Inc.
  • Mbd Energy Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Mitsui Chemicals Inc.
  • Norner As
  • Novomer Inc.
  • Oakbio Inc.
  • Pioneer Energy Inc.
  • Pond Biofuels Inc.
  • Quantiam Technologies Inc.
  • Royal Dutch Shell plc
  • Schlumberger Ltd.
  • Siemens AG
  • Sk Energy Co. Ltd.
  • Skyonic Corp.
  • Solidia Technologies Inc.
  • Twence B.V.

Table Information

Report AttributeDetails
No. of Pages286
PublishedMarch 2022
Forecast Period2021 - 2026
Estimated Market Value ( USD ) in 2021 $ 2.6 Billion
Forecasted Market Value ( USD ) by 2026 $ 5.2 Billion
Compound Annual Growth Rate15.0%
Regions CoveredGlobal
No. of Companies Mentioned46

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