Off Grid Energy Independence
Aug 27, 2024
CO2 Utilization Market to Grow To US$240 Billion by 2045
Carbon capture technologies capable of removing CO2 from industrial emissions have been around for over 50 years, but widescale deployment of CCUS (carbon capture, utilization, and storage) has been too slow for global net-zero ambitions. While governments are beginning to implement carbon pricing mechanisms or tax credits to motivate permanent storage of CO2 deep underground, a profitable business model exists beyond CO2 sequestration via emerging CO2 utilization applications.