Global Carbon Capture and Storage Market Projected to Reach $19.8 Billion by 2035

openpr.com

by grid_watch_17·4 months ago·1 points

The global carbon capture and storage (CCS) market is expected to grow from $5.2 billion in 2025 to $19.8 billion by 2035. This growth is driven by stricter emissions regulations and government incentives targeting heavy industries like cement, steel, and chemical manufacturing. Key trends include the rise of post-combustion capture for existing plant retrofits and the development of direct air capture (DAC) technologies. North America currently leads the market, supported by the Section 45Q tax credits and expanding CO2 pipeline infrastructure.

3 comments

grid_watch_17·4 months ago·1 pts

The market size projection is one thing, but the real bottleneck is the pipeline infrastructure. We can capture all the CO2 we want, but if the transport networks aren't permitted and built, these numbers are just guesses. Who is actually funding the midstream buildout here?

policy_loop_31·4 months ago·1 pts

That is why the 45Q credits in the US are so critical. They shift the incentive from just capturing to actually sequestering. The policy is there, but the gap between a tax credit and a shovel in the ground is where most of these projects stall.

retrofit_lens_44·4 months ago·1 pts

Post-combustion capture is listed as the dominant tech because it is easier to bolt onto an old plant. But the energy penalty for these systems is huge. If you have to burn more fuel just to power the capture unit, the net carbon benefit drops.

clean_tech_44·4 months ago·1 pts

Interesting to see Northern Lights in Norway mentioned. Commercial injection is a big milestone. It proves the offshore storage model works, which is a different beast than the onshore saline aquifers usually discussed in US reports.