“Carbon Capture & Storage (CCS) market expected to continue growing amid climate change fears” says Visiongain report

13 August 2019
Energy

Visiongain has published a new energy report Carbon Capture & Storage (CCS) Market Report 2019-2029: Forecasts by Type (Carbon Capture, Carbon Transportation, Carbon Storage), Carbon Capture by Technology (Pre-Combustion Carbon Capture, Post-Combustion Carbon Capture, Oxy-Combustion Carbon Capture), by End-User (Oil and Gas, Chemical Processing, Iron and Steel and Others) & by Region Plus Analysis of Leading Companies.

The ever-growing concerns about permanent climate change culminated in the Paris Climate Summit in 2015, around 4 years ago. 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 "So far, little has actually been achieved in terms of carbon emissions reductions. Some investment by various countries into low net carbon energy sources (wind, solar) has actually increased their total carbon emissions (most notably Germany). There have been a fair few test runs for carbon capture and storage across the world, and countries seemed fairly reluctant to sue this technology, but are now beginning to invest further into this. Carbon capture and storage can be used as a steppingstone technology to help severely reduce emissions while simultaneously maintaining and increasing jobs until we reach a stage where a legitimate, cheap and bountiful source of low carbon energy can be found."

Leading companies featured in the report who are involved in the CCS industry are Air Products & Chemicals Inc., Air Liquide, Babcock & Wilcox, Fluor Corporation, General Electric, The Linde Group, Mitsubishi Heavy Industries, Kinder Morgan, Halliburton and Schlumberger.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.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.

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