Wood Mackenzie projects $211 billion of global investment in CO2 transport infrastructure by 2060, enough to move 3 gigatons of CO2 per year. Asia Pacific accounts for nearly 60% of that spending, driven by long distances between industrial emitters and storage sites in Australia, Indonesia, and Malaysia. Japan, South Korea, Singapore, and Taiwan are expected to need cross-border CO2 transport of 164 million metric tons per year by 2060. Pipelines make up more than 80% of the projected investment, but low-pressure liquefied CO2 shipping is gaining attention because it can cut long-distance transport costs by up to 34% compared with medium-pressure vessels. The report also notes that repurposing existing natural gas pipelines could reduce capex by over 60%, though technical validation is still required. Policy remains a major constraint. Permitting delays, unclear liability rules, and missing bilateral agreements could slow cross-border networks. The Carbon Herald article summarizes the key market numbers and regional dynamics, making it a useful read for anyone tracking CCS infrastructure.
