More CCUS projects reach FID as confidence grows
Policy incentives and rising carbon prices embolden developers as hub model gains traction, IEA says
Developers of CCUS and direct air capture projects have taken FID on about 15 projects since the start of 2022, up from eight in 2021, as confidence in the sector grows on the back of policy incentives, climate pledges and rising carbon prices, according to the IEA. More than 140 new projects were announced in 2022, increasing planned storage capacity by 80pc and capture capacity by 30pc, IEA data shows. CCUS projects were announced in seven additional countries in central and southern Europe, the Middle East and Southeast Asia, bringing the total number of countries with plans to develop CCUS to 45. “Governments and companies are increasingly recognising that deploying CCUS to meet decarbon
![](/images/white-fade.png)
Also in this section
21 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries
18 July 2024
Platform developed at Scottish university uses advanced simulations and machine learning to find most cost-effective and sustainable combinations of materials for use in carbon capture
18 July 2024
Stockholm Exergi agrees to one of world’s largest deployments of CO₂ liquefication technology to enable transport of emissions captured from biomass power plant
11 July 2024
Watkins will leverage her financial acumen and strategic insight to lead Gulf’s commercial initiatives across media, events, and market intelligence