A new outlook from DNV highlights the critical role of Carbon Capture and Storage (CCS) for industries like cement and steel, where electrification alone cannot eliminate emissions. While global capacity is growing, the report warns that current deployment speeds remain far below what is needed to hit net zero by 2050. The analysis emphasizes that the primary bottlenecks are not geological storage availability, but rather the timing of infrastructure development and the high costs of capture. The report also explores the potential for offshore storage, ship-based transport, and the integration of CCS with blue hydrogen production.
