The CCUS pipeline is set to grow strongly in the coming years, with current project announcements offering a potential growth of CAGR 49% between 2024 and 2030. Project announcements throughout 2024 have significantly boosted the 2030 capacity scenario, which now reaches over 730mtpa across 436 projects. This compares to a previous 2030 capacity scenario of 506mtpa across 285 projects in Q1 2024. Although the macroeconomic environment for developing large-scale CCUS projects remains challenging, it is promising that 66% of the 2030 capacity has passed the feasibility stage. This illustrates that, although some projects are encountering delays, a significant proportion of the total projects are migrating into later stages of development.
Project announcements throughout 2024 have significantly boosted the 2030 capacity scenario, which now reaches over 730mtpa across 436 projects.
This compares to a previous 2030 capacity scenario of 506mtpa across 285 projects in Q1 2024. Although the macroeconomic environment for developing large-scale CCUS projects remains challenging, it is promising that 66% of the 2030 capacity has passed the feasibility stage.
Project announcements throughout 2024 have significantly boosted the 2030 capacity scenario, which now reaches over 730mtpa across 436 projects.
This compares to a previous 2030 capacity scenario of 506mtpa across 285 projects in Q1 2024. Although the macroeconomic environment for developing large-scale CCUS projects remains challenging, it is promising that 66% of the 2030 capacity has passed the feasibility stage.
Key Highlights
- Project announcements throughout 2024 have significantly boosted the 2030 capacity scenario, which now reaches over 730mtpa across 436 projects. This compares to a previous 2030 capacity scenario of 506mtpa across 285 projects in Q1 2024.
- Although active CCUS projects target the use-cases of storage, industrial feedstock, and enhanced oil recovery relatively equally, a pivot towards long-term geological storage will take place by 2030.
- Pre-combustion capture currently represents the most prevalent technique, accounting for 65% of capture capacity by the end of 2024. However, a significant shift towards post-combustion capture in terms of both capacity and project volume is becoming evident within pipeline CCUS capacity.
- A number of strategies are emerging within the CCUS market, with integrated oil and gas companies (IOCs) set to play a major role in terms of scaling both capture and storage capacity.
Scope
- Snapshot of CCUS capacity growth over the past year
- CCUS capacity outlook, 2021 - 2030
- Regional breakdown of CCUS capacity
- Leading countries for CCUS capacity at the end of the decade.
- Largest upcoming carbon capture projects
- Largest upcoming carbon storage projects
- CCUS technology trends
- Carbon capture adoption across facility industries
- Leading owners of CCS capacity
- CCUS deal activity throughout 2024
- Recent CCUS related M&A activity
- Recent capital raisings related to CCUS
- National CCUs incentives and policies
Reasons to Buy
- Gain insight into the CCUS capacity outlook in the run up to 2030.
- Identify the market trends and key players in CCUS technology.
- Understand patterns of CCUS project development and adoption.
- Understand how and where the market is growing as it is rapidly scales to become a key technology for the global energy transition.
- Track CCUS-related deal activity over the course of the past year.
Table of Contents
- Overview
- Quarterly snapshot
- CCUS Capacity Outlook
- Active and upcoming capacity
- CCUS capacity outlook
- Leading regions and countries for CCUS
- Large-scale upcoming capture projects
- Leading CO2 storage projects
- Technology shift in the CCUS market
- Leading sectors for CCUS adoption
- Leading owners of CCUS capacity.
- Deal Activity
- CCUS deal activity throughout 2024
- Leading countries for CCUS deals
- M&A
- Capital raisings
- Policy Landscape
- CCUS policy map
- The biggest upcoming carbon capture projects
- Recent CCUS related M&A activity
- Recent capital raisings related to CCUS
- CCUS outlook based on active and upcoming projects, 2021 - 2030
- Regional breakdown of CCUS market by total capacity and post-feasibility capacity
- Leading countries for CCUS capacity in 2030, based on project announcements
- Distribution of carbon storage projects
- Breakdown of CCUS projects by type and start year, 2021 - 2030
- End-purpose of active CCUS projects in 2024 vs in 2030
- Breakdown of 2030 capture capacity by technology
- Breakdown of carbon capture project count by technology, 2024 vs 2030
- Carbon capture adoption across facility industries
- Leading CCS players in 2030 by sum of equity capacity
- CCUS deal announcements Q1 2024 - Q2 2024
- CCUS deal announcements Q1 2024 - Q2 2024
- CCUS deals by value, Q1 2024 - Q4 2024
- Leading countries for CCUS deal activity Q1 2024 - Q4 2024
- National CCUS Incentives and Policies
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Prairie State Energy Campus LLC
- Drax Group Plc
- Abu Dhabi National Oil Co
- Exxon Mobil Corp
- BW Group Ltd
- Clean Hydrogen Works
- Mitsui OSK Lines
- Progressive Energy Ltd
- Sumitomo Corp
- RWE AG
- Calpine Corp
- Synergia Energy Ltd
- Eni SpA
- Equinor ASA
- Occidental Petroleum Corp
- Enhance Energy Inc
- Summit Agricultural Group
- TotalEnergies SE
- Holcim Ltd
- Chevron Corp
- Shell plc
- Air Products and Chemicals Inc
- BP Plc
- SBM Offshore NV
- Prime Capital AG
- Bureau Veritas SA
- Granite Creek Copper Ltd
- Ingersoll Rand Inc
- JX Nippon Oil Exploration
- Ramboll Group AS
- Magnolia Sustainable Energy Partners
- Vitol SA
- Schlumberger Ltd
- Ocean-Power AS
- RES Group
- Versatec Energy BV
- Stillwater Critical Minerals Corp
- Blutek SRL
- 8 Rivers Capital LLC
- Strategic Biofuelss LLC
- Sara SpA
- Aker Carbon Capture AS
- Origen Power Ltd
- Hexagon Energy Materials Ltd
- Everest Carbon Inc
- Liquid Sun Oy
- Carbon Removal Co
- Rhinoflux Inc
- Autarkize GmbH
- LanzaTech Global Inc
- Sora Fuel Corp
- Cowboy Clean Fuels LLC.
