CCUS Market Outlook and Trends

CCUS Market Outlook and Trends

Summary

The CCUS pipeline is set to grow strongly in the coming years, with current project announcements offering a potential growth of CAGR 49% between 2024 and 2030. Project announcements throughout 2024 have significantly boosted the 2030 capacity scenario, which now reaches over 730mtpa across 436 projects. This compares to a previous 2030 capacity scenario of 506mtpa across 285 projects in Q1 2024. Although the macroeconomic environment for developing large-scale CCUS projects remains challenging, it is promising that 66% of the 2030 capacity has passed the feasibility stage. This illustrates that, although some projects are encountering delays, a significant proportion of the total projects are migrating into later stages of development.

Project announcements throughout 2024 have significantly boosted the 2030 capacity scenario, which now reaches over 730mtpa across 436 projects.

This compares to a previous 2030 capacity scenario of 506mtpa across 285 projects in Q1 2024. Although the macroeconomic environment for developing large-scale CCUS projects remains challenging, it is promising that 66% of the 2030 capacity has passed the feasibility stage.

Key Highlights

• Project announcements throughout 2024 have significantly boosted the 2030 capacity scenario, which now reaches over 730mtpa across 436 projects. This compares to a previous 2030 capacity scenario of 506mtpa across 285 projects in Q1 2024.
• Although active CCUS projects target the use-cases of storage, industrial feedstock, and enhanced oil recovery relatively equally, a pivot towards long-term geological storage will take place by 2030.
• Pre-combustion capture currently represents the most prevalent technique, accounting for 65% of capture capacity by the end of 2024. However, a significant shift towards post-combustion capture in terms of both capacity and project volume is becoming evident within pipeline CCUS capacity.
• A number of strategies are emerging within the CCUS market, with integrated oil and gas companies (IOCs) set to play a major role in terms of scaling both capture and storage capacity.

• Snapshot of CCUS capacity growth over the past year
• CCUS capacity outlook, 2021 - 2030
• Regional breakdown of CCUS capacity
• Leading countries for CCUS capacity at the end of the decade.
• Largest upcoming carbon capture projects
• Largest upcoming carbon storage projects
• CCUS technology trends
• Carbon capture adoption across facility industries
• Leading owners of CCS capacity
• CCUS deal activity throughout 2024
• Recent CCUS related M&A activity
• Recent capital raisings related to CCUS
• National CCUs incentives and policies

• Gain insight into the CCUS capacity outlook in the run up to 2030.
• Identify the market trends and key players in CCUS technology.
• Understand patterns of CCUS project development and adoption.
• Understand how and where the market is growing as it is rapidly scales to become a key technology for the global energy transition.
• Track CCUS-related deal activity over the course of the past year.