Carbon Capture

Carbon capture, utilization, and storage (CCUS) technologies strip carbon dioxide (CO2) from waste gases and directly from the atmosphere before either storing it underground or using it for a range of industrial applications. IDTechEx forecasts significant growth for CCUS.

Major CCUS (carbon capture, utilization, and storage) players converged in Houston, Texas, in the last week of June for the 2024 iteration of the Carbon Capture Technology Expo North America. Co-located with the Hydrogen Technology Expo, the event boasted over 8000 attendees and 400 exhibitors - including IDTechEx.

Thursday 1 August 2024 - How Emerging Business Models and Technologies Will Accelerate Point-Source CCUS Deployment. This webinar will explore the CCUS business model, including methods of profiting from CCUS even within the current regulatory landscape, and how carbon markets are set to shape the future of CCUS.

IDTechEx Explores Carbon Dioxide Removal Technologies - Carbon dioxide removal is required alongside reducing emissions to help reach net zero. Once removed from the atmosphere, CO2 can be stored in numerous ways, such as trees and ecosystems, ocean reservoirs, and underground geological storage.

Carbon capture, utilization, and storage (CCUS) technologies strip carbon dioxide (CO₂) from waste gases and directly from the atmosphere before either storing it underground or using it for a range of industrial applications.

Fuel cell electric vehicles, Li-ion battery-powered cars, and carbon dioxide removal strategies all work to reduce global CO2 emissions. IDTechEx has a multitude of sustainability reports that give outlooks on the shared efforts of various sectors to reduce CO2 emissions in the air, to promote a cleaner way forward.

Owing to their exceptional design flexibility, structural versatility, and high porosity, metal-organic frameworks (MOFs) are gathering interest for a wide range of applications, such as water harvesting for HVAC, direct lithium extraction, refrigerant reclamation, hydrogen storage, chemical purifications, and many more.

Industries have traditionally used fossil fuels to produce heat for their processes or to fuel power plants to generate electricity, including the use of natural gas, oil, and coal. Industrial heating processes are responsible for ~25% of global emissions, and therefore, great attention from governments and states is being seen to decarbonize this area of industry.

Heating and cooling accounts for approximately 50% of global energy consumption, with 30% of this consumption represented by heating demand from industry. Given that the great majority of industrial heating processes use fossil fuels to generate heat, this has caused industrial heating processes to be responsible for ~25% of global emissions.

According to IEA's 2023 update to its net zero roadmap, carbon capture technologies, more efficient space cooling equipment, and clean energy transitions are all cornerstones of achieving net zero by 2050 and limiting global warming to 1.5°C. Emerging technologies utilizing metal-organic framework (MOF) materials for carbon capture, refrigerant reclamation, direct lithium extraction, HVAC equipment, and various other chemical separations and purification processes can see the advent of disruptive next-generation technologies that are essential for industrial decarbonization.