Recognised as one of the key technologies essential to achieving Net Zero targets set by more than 70 countries, carbon capture, utilisation and storage (CCUS) development has not been entirely straightforward, and deployment is still far slower than expected.
That is the view of market research specialist IDTechEx, which has published a report entitled Carbon Capture, Utilisation, and Storage 2021-2040, which provides a technology and industry perspective on CCUS and its future.
Although having grown near fourfold in the past 20 years, CCUS deployment is still limited with 2020 capacity growth (41Mtpa) falling 86% short of the target set by the International Energy Agency (IEA) a decade prior. According to IDTechEx, the current global CO2 capture capacity is equivalent to 0.1% of overall emissions.
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