Worldwide Industry for Carbon Capture, Utilization & Storage Technologies to 2025 - Profiling BASF, Carbon8 & Empower Materials Among Others

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Dublin, Dec. 15, 2020 (GLOBE NEWSWIRE) -- The "Carbon Capture, Utilization & Storage Technologies" report has been added to ResearchAndMarkets.com's offering.

This report provides an analysis of the global market for carbon, capture utilization and storage technologies and current market trends. It uses 2019 as a base year and provides estimates for 2020 and 2025 with a projection of CAGR in the forecast duration. The report includes a discussion of technological factors, competitive factors, and economic trends affecting the market. Furthermore, it explains the major drivers and regional dynamics of the global carbon, capture utilization, and storage technology market and current trends within the industry.

The report covers carbon, capture utilization, and storage technology segments in brief. The global market for carbon, capture utilization, and storage technologies has been analyzed in terms of technologies, source, applications, service, country, and region. The report concludes with detailed profiles of major vendors in the global carbon, capture utilization, and storage technology market. The publisher examined key categories and regions of the carbon, capture utilization, and storage technology market and forecasted market growth from 2020 to 2025. The global market size estimates are provided both values ($ million) and in volume (million metric ton). All tons in this report are metric tons or MTs (2,205 lbs.), not U.S. tons (2,000 lbs.) unless otherwise noted. The British spelling "tonne" is not used in this report.

The Report Includes:

  • 129 data tables and 22 additional tables
  • An updated overview of the global market for carbon capture, utilization, and storage (CCUS) technologies
  • Analyses of the global market trends, with data from 2019, estimates from 2020 to 2024, and projections of compound annual growth rates (CAGRs) through 2025
  • Identification of key market dynamics, trends, opportunities, and factors influencing the global carbon, capture utilization & storage technologies market and its sub-segments
  • Estimation of the actual market size and revenue forecasts for overall carbon, capture utilization & storage technologies market in global and deep dive into the data on the basis of technologies, source, applications, service, and country
  • Insight into the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
  • Evaluation of the companies best positioned to meet the current and future demand of carbon, capture utilization, and storage technologies owing to their proprietary technologies, strategic alliances, or other advantages
  • Company profiles of the market-leading participants, including BASF SE, Carbon8, Empower Materials, Liquid Light Inc., Oakbio, Pioneer Energy, and Solidia Technologies.

CO2 sequestration can be defined as the segregation of CO2, either chemically, such as in chemical utilization, or physically, such as in geologic storage. The integrated concept from capture to sequestration is defined as carbon capture, utilization, and storage (CCUS). For both the power sector and industry, carbon capture is the only large-scale option to reduce emissions at a relatively low cost while preserving the value of fossil fuel reserves and existing infrastructures. For CCUS to contribute significantly to the mitigation of CO2 emissions, it would be necessary to implement thousands of largescale CCUS projects worldwide over the coming decades, which would require a joint and dedicated effort from industry and policymakers.

National demonstration programs are an essential driver of the development of new technologies. In terms of the number of large demonstration projects, the leading countries are the U.S. and China, where numerous projects have been reported. In other countries, such as Australia and European countries, a number of ambitious projects have been developed in the past years but have been since canceled or face serious delays.

According to the International Energy Agency (IEA) (2013), spending on CCUS demonstration projects in the past five years exceeded $10 billion, of which one-quarter was funded by governments, mostly in the U.S. and Canada. According to our research, China should also play a leading role in the development of carbon capture, with a high number of projects expected to come on-stream in the next five years.

Based on the large CCUS plants and projects that we have identified worldwide, we expect the combined CO2 capture capacity based on post-combustion, pre-combustion, and oxyfuel combustion to dominate in 2020 in terms of volume captured. We differentiate between the three main capture systems that can be integrated into both power plants and industrial plants and the inherent capture of CO2 that occurs in industrial processes such as in the gas processing or biofuel sector.

As of 2020, CO2 captured through inherent separation accounts for the largest volume by far and is used for a wide range of applications, from food and beverage to enhanced oil recovery (EOR).

While considerable R&D efforts are being made to develop new pathways for converting CO2 to useful products, these emerging applications are still mostly being tested at the laboratory or pilot scale. However, Chinese companies have already started to commercialize CO2-based polymers, thus overtaking Western companies that have been researching extensively in this field for years.

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Executive Summary

Chapter 3 Overview of the Carbon Industry

  • Climate Policies and Regulation
  • Kyoto Agreement
  • Carbon Pricing
  • CO2 Use vs. CO2 Storage
  • CO2 Merchant Market
  • Emerging Uses and CO2 Utilization
  • CO2 Storage
  • Carbon Capture Technologies
  • Post-combustion Capture Systems
  • Pre-Combustion Capture Systems
  • Oxy-Fuel Combustion Systems
  • Inherent Separation
  • CO2 Capture Technologies
  • Challenges and Opportunities

Chapter 4 Global CCUS Market Dynamics

  • Importance of Carbon Capture Technologies
  • How COVID-19 Has Impacted the CCUS Market
  • How Carbon Capture Technologies Support the Power Transition
  • Address Existing Plant Emissions
  • Stable Power Flexibility
  • Emissions Net Nil and Negative
  • Support for CO2 Infrastructure Will be an Essential Element of Policy Incentives for CCUS
  • Carbon Capture Technologies are Important for Achieving Climate Objectives, Widening the Portfolio of Low-Carbon Power Sources
  • Tackling Emissions from Existing Plants
  • Retrofitting Carbon Capture Technologies Makes the Most Sense for Power Plants That are Well Located, Young and Efficient
  • Net-Zero and Negative Emissions
  • Carbon Capture with Bioenergy Becomes Increasingly Cost-Competitive with Fossil Fuel-Based CCUS at Higher Carbon Prices
  • How Carbon Capture Affects Thermal Power Plant Flexibility
  • Select Insights from Industry Leaders

Chapter 5 Global CCUS Market Outlook

Chapter 6 Market Breakdown by Technology

  • CO2 Capture Technologies
  • Post-Combustion Capture
  • Pre-Combustion Capture
  • Oxy-Fuel Combustion
  • Inherent Separation
  • Gas Processing (Sweetening)
  • Ammonia Production
  • Ethanol Fermentation

Chapter 7 Market Breakdown by Service

  • CCUS Services
  • Carbon Capture Services
  • Carbon Storage Services
  • Carbon Transport Services
  • Other Types of Services

Chapter 8 Market Breakdown by Source

  • CCUS Sources
  • Industrial Process Sources
  • Power Generation Sources
  • Other Sources

Chapter 9 Market Breakdown by Application

  • CCUS Applications
  • Power Generation
  • Agriculture
  • Energy
  • EOR
  • Feedstock for Chemicals and Polymer Applications
  • Other Applications

Chapter 10 Opportunities in the Global Market

  • Power Generation
  • Coal
  • Gas
  • Biomass
  • Industrial Processes
  • Gas Processing
  • Refining
  • Chemicals
  • Petrochemical Building Blocks
  • Ammonia Production
  • Methanol Production
  • Biofuels
  • Iron and Steel
  • Cement
  • Pulp and Paper
  • Aluminum

Chapter 11 North American CCUS Market Outlook

  • United States
  • U.S. Regulation
  • Technology Development Support
  • CCUS Plants and Projects
  • Canada
  • Canadian Regulation of Carbon Emissions
  • Technology Development Support
  • CCUS Plants and Projects

Chapter 12 European CCUS Market Outlook

  • Overview
  • France
  • French Regulation of Carbon Emissions
  • Technology Development Support
  • CCUS Plants and Projects
  • Germany
  • German Regulation of Carbon Emissions
  • Technology Development Support
  • CCUS Plants and Projects
  • Italy
  • Italian Regulation of Carbon Emissions
  • Technology Development Support
  • CCUS Plants and Projects
  • Netherlands
  • Netherlands Regulation of Carbon Emissions
  • Technology Development Support
  • CCUS Plants and Projects
  • Norway
  • Norwegian Regulation of Carbon Emission
  • Technology Development Support
  • CCUS Plants and Projects
  • United Kingdom
  • Technology Development Support
  • CCUS Plants and Projects

Chapter 13 Asia-Pacific CCUS Market Outlook

  • China
  • China Regulation on Carbon Emission
  • Technology Development Support
  • CCUS Plants and Projects
  • Japan
  • Japanese Regulation of Carbon Emissions
  • Technology Development Support
  • CCUS Plants and Projects
  • South Korea
  • South Korean Regulation of Carbon Emissions
  • Technology Development Support
  • CCUS Plants and Projects
  • Australia
  • Australian Regulation of Carbon Emissions
  • Technology Development Support
  • CCUS Plants and Projects

Chapter 14 LAMEA CCUS Market Outlook

  • Brazil
  • United Arab Emirates
  • Saudi Arabia
  • South Africa

Chapter 15 Emerging Technologies

  • Overview
  • Researchers are Identifying Numerous Technical Approaches to Achieving Carbon Neutrality at CCUS-Equipped Power Plants
  • CO2 Capture is Benefiting from Numerous Research Initiatives
  • Current Status of the Global Market

Chapter 16 Profiles of Leading Companies

  • Accelergy Corp.
  • Alcoa Of Australia Ltd.
  • Basf Se
  • Bayer Materialscience Ag
  • Bioprocess Algae Llc
  • Cambridge Carbon Capture (Ccc)
  • Carbon Cycle Ltd.
  • Carbon Recycling International
  • Carbon8 Systems
  • Carboncure Technologies Inc.
  • Cardia Bioplastics Ltd.
  • Changchun Institute Of Applied Chemistry (Ciac)
  • Dioxide Materials Inc.
  • DNV Research And Innovation (Dnv Gl Group As)
  • E3Tec Service Llc
  • Easel Biotechnologies Llc
  • Econic Technologies Ltd.
  • Empower Materials Inc.
  • ENN Group Co., Ltd.
  • Gas Technology Institute
  • Henan Tianguan Enterprise Group Co., Ltd.
  • Jiangsu Zhongke Jinlong-Cas Chemical Co., Ltd.
  • Joule Unlimited Inc.
  • Lanzatech Inc.
  • Liquid Light Inc.
  • Mbd Energy Ltd.
  • Mitsui Chemicals Inc.
  • Norner As
  • Novomer Inc.
  • Oakbio Inc.
  • Pioneer Energy Inc.
  • Pond Biofuels Inc.
  • Quantiam Technologies Inc.
  • Siemens Ag
  • Sk Energy Co., Ltd.
  • Skyonic Corp.
  • Solidia Technologies Inc.
  • Twence B.V.

For more information about this report visit https://www.researchandmarkets.com/r/r68z30

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