Carbon Capture

Wednesday 20 November 2024 - Reflections on 2024: Carbon Capture, Utilization, and Storage (CCUS) and Carbon Dioxide Removal (CDR); Commercial, technological, and infrastructural factors set to grow CCUS deployment; Trends in both compliance and voluntary carbon markets; Discussion of upcoming CCUS projects expected to reach key milestones such as Northern Lights/Longship and Occidental's Stratos; Analysis of emerging technologies in carbon dioxide removal (including direct air capture and direct ocean capture) and carbon dioxide utilization (i.e. CO2-derived e-fuels)

While most of the voluntary market saw a downturn in 2023, corners of the market selling durable, carbon removal credits are flourishing and playing a vital role in supporting emerging technologies such as direct air capture and CO2 utilization in concrete.

The chemicals industry depends heavily on finite fossil fuel feedstocks and is responsible for 2% of global anthropogenic CO2 emissions. IDTechEx explores how captured CO2 could be utilized as a feedstock for hundreds of different chemicals instead, providing an economic and environmental incentive to capture carbon dioxide and create a circular economy.

IDTechEx are delighted to be offering the opportunity to connect with our energy and decarbonization experts in person at the free-to-attend 'IDTechEx Hydrogen and Carbon Capture Technology Briefing' in Hamburg, Germany on 22nd October 2024.

Tuesday 1 October 2024 - How Profitable, Emerging CO2 Utilization Applications Can Accelerate CCUS Deployment. ; Overview of CO2 utilization pathways and products; Discussion of scale, TRL (technology readiness level), and profitability for promising CO2 technologies; Analysis of additional revenue streams from CO2 utilization applications - including waste disposal fees, carbon credits, and 45Q tax credits; Key considerations for CO2 utilization market growth

According to IDTechEx forecasts, dedicated geological storage of carbon dioxide will outpace EOR as the leading end fate of capture CO2 by the end of the decade. By 2045, IDTechEx forecasts the world will be sequestering 1.6 gigatonnes per annum of CO2 underground.

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.

Carbon Capture, Utilization, and Storage (CCUS) enables CO2 emissions to be captured from their source, or directly from the atmosphere. Technologies can then be used to recycle carbon dioxide into useful carbon-containing products, or the CO2 can be moved to underground storage facilities.

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.