Capturing the value of CO₂
By Mitsubishi Heavy Industries
Download your copy to discover how the environmental and business cases of developing a CCUS value chain align, and why this is critical to help accelerate the energy transition.
As the energy transition gains momentum, carbon dioxide capture utilization and storage (CCUS) technologies represent a crucial part of global efforts to reach net zero emissions by 2050. To realize the full potential of CCUS, two key challenges must be overcome.
Firstly, global CO₂ capture capacity needs to increase almost 200-fold within the coming two decades, according to the IEA’s Net Zero by 2050 roadmap report. While this represents a significant challenge, momentum is growing to scale up projects and scale down costs.
Secondly, to realize such rapid growth, policymakers and other stakeholders need to create a framework that stimulates investment along the entire CCUS value chain. This will enable the use of captured carbon dioxide in industrial, agricultural and other applications, in effect, transforming CO₂ from a liability into an asset.
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