CCS poised for rapid growth in US
Inflation Reduction Act and other government initiatives seen as catalysts for carbon-capture expansion across multiple industrial sectors, according to speakers at Transition Economist roundtable
The US market for carbon capture and storage (CCS) has seen a surge of activity over the last 12 months and projects are set to accelerate on the back of increased state support set out by the Inflation Reduction Act (IRA), according to speakers at the recent Transition Economist roundtable, titled Carbon capture as a solution to decarbonize: US spotlight. “Almost 70pc of the largest CCS projects in the world are in the US—it really is a surge,” says Dominique Rouge, vice-president, sales & technology at Air Liquide Engineering & Construction. “All sectors are involved. I would say gas processing, power plants and bioethanol lead the pack, but we see more and more activity in hydroge
Also in this section
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity
15 March 2024
Oil major explores potential expansion of Canadian project as investment in CCS gathers pace