Outlook 2024: CCS projects outlook in 2024
An ambitious pipeline of CCS projects through 2030 shows optimism for the sector
CCS is one of the most promising technologies for mitigating climate change, as it has the potential to reduce CO₂ emissions from a wide range of sources. The Global Energy Infrastructure (GEI) global CCS database shows a vast number of projects being proposed and planned for 2024 and beyond. In 2024 an estimated 160mt of new CO₂ capture capacity is expected to be developed, with similar levels year to year through to 2027. The GEI data shows a slowdown from 2028, but by 2030 accumulated CO₂ capture capacity will exceed 680mt—that’s an increase of 1,319% from 2023 levels (assuming that all projects become operational by 2030). Emerging technologies in the CCS sector in 2024 We can see severa
Also in this section
9 September 2024
Addition of CCS was a factor in court’s decision to overturn FERC’s authorisation for NextDecade’s Rio Grande LNG project
2 September 2024
Recently finalised investment tax credits have brought much-needed clarity for Canadian CCS developers, but carbon price uncertainty remains a concern
29 August 2024
Use of captured carbon to make synthetic fuels merits more attention from investors and policymakers
22 August 2024
C-Questra applies for onshore storage permit for site in Grandpuits as part of project to establish highly efficient DACS value chain on French soil
