The carbon management sector is growing
More CCUS projects reach FID as confidence grows
Policy incentives and rising carbon prices embolden developers as hub model gains traction, IEA says
Developers of CCUS and direct air capture projects have taken FID on about 15 projects since the start of 2022, up from eight in 2021, as confidence in the sector grows on the back of policy incentives, climate pledges and rising carbon prices, according to the IEA. More than 140 new projects were announced in 2022, increasing planned storage capacity by 80pc and capture capacity by 30pc, IEA data shows. CCUS projects were announced in seven additional countries in central and southern Europe, the Middle East and Southeast Asia, bringing the total number of countries with plans to develop CCUS to 45. “Governments and companies are increasingly recognising that deploying CCUS to meet decarbon
Also in this section
28 March 2025
The massive expansion of the Northern Lights project in Norway is the clearest sign yet that the European oil and gas companies mean business when it comes to CCS
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
14 March 2025
Ignoring questions of sustainability will not make the problems they focus on go away
