Utilization of Captured CO2 to Reach 800 Mt by 2044, Finds IDTechEx
BOSTON, Jan. 23, 2024 /PRNewswire/ -- IDTechEx predicts that by 2044, utilization of waste CO2 will reach 800 Mt to create over 3,000 Mt of useful products.
- BOSTON, Jan. 23, 2024 /PRNewswire/ -- IDTechEx predicts that by 2044, utilization of waste CO2 will reach 800 Mt to create over 3,000 Mt of useful products.
- Carbon dioxide utilization products provide climate benefits by displacing fossil-fuel-based incumbents; some are net-zero or even net-negative.
- Carbon dioxide utilization in crop greenhouse enrichment is another mature application set to grow once CO2 pipeline transport infrastructure expands.
- IDTechEx finds that after a slow but steady progress during this decade, the CO2U market will likely grow rapidly from the 2030s onwards to reach 800 Mt by 2044.