Analyst Insight: Megatrends Impacting Carbon Capture

This is the first Guidehouse Insights report dedicated to carbon capture, utilization, and storage (CCUS). Guidehouse Insights published its first CCUS Market Forecast report in 2Q22, based on announcements and data on market activity collected in its Global CCUS Project Tracker. Now, CCUS is increasingly considered a serious and necessary decarbonization technology for hard-to-abate sectors. The days of a handful of lone, vertically integrated utilization projects dedicated to enhanced oil recovery and concentrated in the US are yielding to a global industry that emphasizes the permanent storage of captured carbon. Enabled and emboldened by complex ecosystems of supportive policies, regulations, and incentives, global CCUS markets are expanding, evolving, and becoming increasingly more competitive.

This Analyst Insight report identifies and explores a series of megatrends for the CCUS market, including Inflation Reduction Act (IRA)/45Q-related industry incentives in the US; cross-border pipeline developments in Europe; groundbreaking developments in CO₂ shipping; and trends in direct air capture (DAC) and the carbon removal credit markets. Data collected for the Guidehouse Insights Global CCUS Project Tracker and novel mapping capabilities are the basis for this report.