Reasons why the future of carbon capture looks promising

Carbon capture, utilization and storage (CCUS) is one of those critical technologies. Often called carbon capture, it is the process of capturing carbon dioxide emissions from industrial facilities and reusing or storing them, instead of releasing them into the atmosphere.

For heavy-emitting industries like power, steel, cement, oil and gas, and chemicals, carbon capture has the potential to radically reduce environmental footprints, capturing more than 90% of carbon dioxide emissions.

As Sinopec China indicated recently: “Turning CO2 into treasure". Maybe considering that - besides gas, oil and coal - carbon also relates to diamonds … and organic matter … and life ;-) By the way, recall here some interesting carbon-related findings of the rover Curiosity … on Mars.

Here are the three reasons highlighted for a brighter future of carbon capture:

1. Heavy industries are embracing carbon capture’s potential. See here the cases of Petronas, Saudi Aramco and Port of Rotterdam.

2. Governments across the globe are supporting carbon capture. See here US, Japan and Brazil, for example.

3. Industry collaboration is creating innovative, more economic solutions. As anticipated by Global CCS Institute on October 17 that there are over 190 CCS facilities in various stages of development, detailed in its flagship report and also providing detailed analyses of the global project pipeline, international policy, carbon markets, carbon removals, and the evolution of storage.

Click on the image below to read article by the World Economic Forum.