“Carbon Capture & Storage (Ccs) Market Set To Reach $6 Bn In 2018”

02 August 2018
Energy

Visiongain has published a new energy report Carbon Capture & Storage (CCS) Market Report : Capacity (MMtpa), CAPEX ($m) & OPEX ($m) Forecasts for CO2 Capture (Pre-Combustion, Post-Combustion, Oxy-Fuel Combustion), CO2 Transportation & Transmission (Pipelines (Onshore & Offshore), Ships / Chemical Tankers (Offshore), Chemical Carrier Vehicles (Onshore), CO2 Storage (Depleted Oil & Gas Reservoirs, Un-Minable Coal Seams, Deep Saline Aquifers, Salt Caverns, Carbon Dioxide Enhanced Oil Recovery (CO2 EOR) Onshore Reinjection, Subsea Reinjection) Plus Market Share Analysis of Leading Carbon Capture & Sequestration Companies

The ever-growing concerns about permanent climate change culminated in the Paris Climate Summit in 2015. 187 countries were present and certain measures were put in place to combat climate change. In practice, the way to go about this is to curb the carbon dioxide and greenhouse gas (GHG) emissions but the world is still heavily reliant on fossil fuels for energy. This is why CCS has been put forward as a viable option to help combat climate change. This is because the technology does not require investment in completely alternative energy sources as CO2 emissions can be captured at the source with a high level of efficiency. The other major driver for CCS is its use for CO2 EOR. The market however, is still immature globally but with pressure to meet emissions targets manifesting as tighter regulations and policies, the CCS market will grow worldwide.

The Visiongain report analyst commented “CCS technology looks promising both as a tool to help combat climate change and meet the ambitious targets set and its use for CO2 EOR. It is the cheaper and faster alternative to changing the way energy is sourced globally. The investment in CCS technology will grow much quicker if some work is done to help change the public perception of the technology. There are a couple of mature markets at present and a few advanced emerging markets and with the current problems the market is facing high costs and technical difficulties. It is very plausible to think that once governments around the world put in place clear and tight regulatory frameworks and offer support in the form of subsidies or more robust research budgets, the CCS market is bound to grow rapidly.”

Leading companies featured in the report who are developing CCS technologies are Air Products & Chemicals Inc., Air Liquide, Babcock& Wilcox, E.ON SE, Enel S.p.a., Saskatchewan Power Cooperation, Baker Hughes, Halliburton, General Electric, Linde AG, Southern Company.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Well Intervention Market Report 2022-2031

Rapid increase in the shale production that requires hydraulic fracturing is the key driving factor for the growth of horizontal segment of the global well intervention market.

25 January 2022

Read

Visiongain Publishes Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market Report 2022-2032

The demand for energy-efficient systems that can transport crude oil and gas to processing plants, as well as increased investments in subsea projects, will drive the global market for subsea umbilicals, risers, and flowlines to grow.

14 January 2022

Read

Visiongain Publishes Geothermal Power Market Report 2022-2032

The growth of the geothermal energy market is being driven by rising electrical security concerns as a result of clean and environmentally beneficial supplies.

07 January 2022

Read

Visiongain Publishes Proppants Market Report 2022-2032

The combination of the Coronavirus (COVID-19) and the oil price shock is particularly damaging to oil-exporting developing countries at a time when the fossil fuel industry is experiencing structural collapse.

06 January 2022

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever