There are deals to be done in CCUS sector
CCUS sector set for flurry of M&A
More deals expected this year as developers seek capital and large firms look to build up portfolios, says Wood Mackenzie
M&A activity in CCUS will accelerate this year as the sector makes the transition from niche concept to mainstream investment theme. Developers with large shareholdings in projects will increasingly look to sell stakes to raise capital at they move to FID. At the same time, companies that have put CCUS at the heart of their strategies but have yet to build significant development portfolios will be potential buyers of stakes. "The scene is set for more deals with CCUS positions at their centre," says Scott Norlin, Canada upstream analyst at consultancy Wood Mackenzie. “Given the multitude of projects with 100pc equity, there is significant opportunity for farm-in partners or sales.” Norw
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