The capture capacity of Carbon Capture and Storage (CCS) projects in the project pipeline has increased to 244 Mtpa – up from 169 Mtpa in 2021, according to the Global CCS Institute.
Currently there are 30 commercially operating CCS facilities, 11 facilities in construction and 153 in various stages of development, the Institute reports.
The Global CCS Institute’s CEO, Jarad Daniels, said the rate of growth for CCS can be expected to increase further as countries and companies work to achieve their climate commitments on a shrinking carbon budget.
He said the latest, most credible scientific analysis from organisations including the Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA), highlights that reaching our climate goals “is practically impossible without CCS”.
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