A New Dawn for CCUS After Five Decades of Ups and Downs
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Wednesday, November 23, 2022
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However, despite the critical importance of the technology and substantial development to date, CCUS deployment has been slower than anticipated.
Key Points:
- However, despite the critical importance of the technology and substantial development to date, CCUS deployment has been slower than anticipated.
- For further information on the CCUS market and its technologies, please refer to IDTechEx's report " Carbon Capture, Utilization, and Storage 2021-2040 ".
- CCUS capacity growth has been around 2.3Mtpa of added capacity since 2010, with annual capture capacity reaching 41Mtpa of CO in 2020.
- The first industrial large-scale CCUS project commenced operation about 50 years ago at the Val Verde natural gas processing plant in Texas, US.