Carbon Capture, Utilization, and Storage Tracker 3Q24

Now with 884 carbon capture, utilization, and storage (CCUS) projects—categorized by project type, project status, capture plant type, maximum annual capture capacity, stakeholders, technology provider, and many other criteria—this latest edition of the Guidehouse Insights Carbon Capture, Utilization, and Storage Tracker provides the most up-to-date, comprehensive, detailed view of the global CCUS industry. The Tracker is an invaluable resource for following developments in this burgeoning market and is used to inform other leading publications from Guidehouse Insights. This edition of the Tracker adds to its coverage of major capture technology providers and uncovers more utilization projects around the world that largely go unnoticed.

Carbon capture is not a new technology, but rallied by climate change imperatives, bolstered by the Intergovernmental Panel on Climate Change’s scientific validation of carbon capture solutions, and supported by technological developments and a series of government incentives, business models, and industrial cluster agreements, CCUS is growing. In its net-zero scenario, the International Energy Agency has suggested that up to 8 gigatons of carbon must be captured and stored annually by 2050—signaling that work must be done.

Based on publicly available project announcements, more than 1,700 Mtpa’s worth of project capacity is currently under development, including over 500 Mtpa of CO₂ destined for permanent storage. As the market develops and matures, innovative business models and synergies are developing across industries, including cross-border CO₂ transport, offshore CO₂ sequestration, the marine transport of liquified CO₂, and the development of direct air capture technologies linked to carbon credit markets.