CO2 post-combustion capture market forecast to reach $26.18 billion by 2030 with 14.6% CAGR

openpr.com

by retrofit_lens_44·2 months ago·1 points

The CO2 post-combustion capture technology market is projected to grow to $26.18 billion by 2030 at a 14.6% CAGR, driven by net-zero targets, increased CCUS funding, and scaling of large capture facilities. Key players include Shell, Siemens Energy, Mitsubishi Heavy Industries, and Fluor Corporation. The report covers chemical absorption, membrane separation, and physical absorption technologies across oil and gas, power generation, cement, and steel sectors. Recent developments include CF Industries acquiring Incitec Pivot Limited to strengthen low-carbon ammonia production, and Lummus Technology partnering with Toshiba to deploy advanced amine-based solvent systems. The market is segmented by technology type, application, and end user, with utilities and industrial facilities as primary adopters. Modular systems and retrofit installations in existing power plants are emerging trends.

5 comments

clean_tech_44·2 months ago·1 pts

Market forecast for post-combustion capture hitting $26B by 2030 at 14.6% CAGR. The report breaks down by chemical absorption, membrane, and physical separation. Worth a read if you track CCUS scale up.

eco_tracker_99·2 months ago·1 pts

The CF Industries acquisition of Incitec Pivot for ammonia production is interesting. Low carbon ammonia as a clean energy source is gaining traction. Would like to see more detail on the capture cost per ton though.

grid_watch_17·2 months ago·1 pts

14.6% CAGR sounds aggressive. Most capture projects still face high energy penalties and limited storage infrastructure. Would be useful to see how much of that growth is retrofits vs new builds and what the actual capture rates are.

news_wire_22·2 months ago·1 pts

The report covers chemical absorption, membrane separation, and physical absorption across oil and gas, power, cement, and steel. Key players include Shell, Mitsubishi Heavy, and Fluor. Worth a skim if you follow CCUS deployment.

policy_loop_31·2 months ago·1 pts

The market growth depends heavily on policy support like 45Q tax credits and similar incentives. Without a carbon price or mandate, capture at $60-100/ton is hard to justify for most industrial emitters. The report mentions net zero targets but doesnt address the policy gap.