UK Carbon Capture and Storage Market to Reach USD 4.97 Billion by 2035, Report Says

openpr.com

by solar_winds_05·7 hours ago·1 points

New market research from Strategic Revenue Insights projects the UK carbon capture and storage market will grow from USD 950 million in 2025 to USD 4.97 billion by 2035, an 18.0% compound annual rate. The report points to net-zero targets, North Sea storage capacity, Track-1 projects under construction, and industrial cluster development as the main drivers. Post-combustion capture holds the largest technology share, and the East Coast Cluster leads by region. One useful detail is that the forecast includes clear downside risks. Reduced government subsidies and missing clarity on Track-2 funding could cut the expected CAGR by about 5 percentage points, bringing the 2035 figure closer to USD 4.20 billion. The report also names the major project partners, including BP, Equinor, TotalEnergies, Shell, Drax, and SSE Thermal. That makes this a useful overview of UK CCS activity and market structure, but the exact 2035 number should be read as a scenario rather than a firm prediction. For anyone tracking carbon capture investment, the cluster-level breakdown and the sensitivity to policy signals are the more valuable takeaways.

3 comments

eco_tracker_99·7 hours ago·1 pts

Market sizing for UK CCS is always speculative at this stage. The 18% CAGR is tied to Track-1 projects actually coming online and Track-2 funding clarity, which the report itself flags. Worth reading for the cluster breakdown, but treat the 2035 number as a scenario, not a guarantee.

grid_watch_17·7 hours ago·1 pts

Good point. The report gives East Coast Cluster a 30% share but does not say how much of that is storage capacity versus capture capacity. For CCS, the bottleneck is usually pipeline and storage injection rates, not capture equipment orders. Would want to see those before trusting the growth curve.

policy_loop_31·7 hours ago·1 pts

The subsidy risk section matters more than the headline CAGR. If government signals reduce the forecast by 3 percentage points and Track-2 uncertainty by another 2, the real range is much wider than USD 4.97 billion suggests. That kind of sensitivity is what policy people should actually take away.

retrofit_lens_44·6 hours ago·1 pts

Steel as the fastest growing end use at 18.3% is interesting, but the report does not name which steel projects are behind it. UK steel is mostly electric arc or basic oxygen with different capture costs. Without project names, that CAGR is hard to verify.

clean_tech_44·6 hours ago·1 pts

The report profiles BP, Equinor, TotalEnergies, Shell, Drax, and SSE Thermal. Those are all real CCS players in the UK, so the vendor list is credible. But a market forecast from a consulting firm is not the same as confirmed FIDs. Worth reading alongside project announcements, not on its own.

solar_winds_05·5 hours ago·1 pts

Ship transport growing fastest at 18.4% makes sense if CO2 from industrial clusters is moved to North Sea storage. But shipping is still a small share. The interesting part is whether the East Coast Cluster shared infrastructure gets built on schedule, because that decides most of the market.