‘Global Co2 Eor Market Worth $3.8 Billion In 2016’ Says Visiongain Report

03 September 2016
Energy

Visiongain’s new report Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market 2016-2026: Production (bpd) & CAPEX ($m) Forecasts for CO2 Injection (featuring Miscible & Immiscible and Onshore & Offshore CO2 EOR Production); CAPEX ($m) Forecasts for CO2 Transmission Infrastructure (CO2 Pipeline Networks) and Naturally Occurring CO2 Sources; and Capacity (MMtpa) & CAPEX ($m) Forecasts for Anthropogenic Carbon Capture & Storage (CCS) for CO2 EOR indicates that the global CO2 EOR market will see $3.78bn in spending in 2016.

The lead analyst of the report said: “Despite headwinds such as low oil prices, stiff competition from unconventional oil and the limited availability of cheap CO2 sources, CO2 EOR market fundamentals remain strong in the long run. The implementation of carbon taxes and cap-and-trade mechanisms around the globe is reshaping the economics of CCS projects. By enabling them to rely on a second stream of revenue, such policies will convince many large emitters, such as power plants and energy-intensive industries, to become CO2 providers for local EOR projects. As a result, CO2 EOR projects developers will benefit from a greater access to cheaper CO2, reducing their spending on this key input. This development, combined with an anticipated gradual oil price recovery, should strengthen significantly the profitability of the CO2 EOR industry and spur spending on this technology. Strong growth is predicted in North American and Chinese markets over the next decade, while there are longer-term opportunities in a number of other regions.”

The 207 page report contains 167 tables, charts and graphs that add visual analysis in order to explain developing trends within the CO2 EOR market. Visiongain provides oil production (bpd), anthropogenic CO2 capture capacity (MMtpa) and capital expenditure (CAPEX) forecasts for the period 2016-2026 for CO2 EOR oil producers and anthropogenic CO2 providers, as well as forecasts and analysis for three major CO2 EOR cost components: CO2 sources, pipelines and injection. The report also includes market forecasts and analysis for six leading national markets, five US regional submarkets, and individualised outlooks for seven additional smaller national markets.

In addition, the report contains a dedicated leading companies’ chapter including extensive profiles, rankings and market share data for the ten leading US CO2 EOR companies and profiles of the major international companies, as well as the transcript of an original interview with CO2 SOLUTIONS.

Carbon Dioxide (CO2) Enhanced Oil Recovery (EOR) Market 2016-2026: Production (bpd) & CAPEX ($m) Forecasts for CO2 Injection (featuring Miscible & Immiscible and Onshore & Offshore CO2 EOR Production); CAPEX ($m) Forecasts for CO2 Transmission Infrastructure (CO2 Pipeline Networks) and Naturally Occurring CO2 Sources; and Capacity (MMtpa) & CAPEX ($m) Forecasts for Anthropogenic Carbon Capture & Storage (CCS) for CO2 EOR will be of value to anyone who wants to better understand the CO2 EOR market and its dynamics. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the CO2 EOR industry.

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 conferences, newsletters, management reports and e-zines focusing on the energy, telecoms, pharmaceutical, defence and materials sectors.

Visiongain publishes reports produced by its in-house 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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