As the energy transition quickens, global carbon capture, utilization, and storage (CCUS) projects are on track to pull more than 550 million tonnes of CO2 out of the atmosphere every year by 2030, Rystad Energy research shows. This capacity growth represents a more than tenfold increase over today’s 45 million tonnes per annum (tpa) of CO2 captured, as the drive to decarbonize gathers pace.
Project announcements surged in 2021, with the current pipeline containing more than 200 developments, three times more than are currently in operation…Carbon Capture Capacity Is Soaring But We Still Need More
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