The carbon capture superpower

The United States will dominate global CCUS capacity

Photo by Documerica on Unsplash

Global carbon capture capacity is projected to rise more than six-fold by the end of the decade.

The United States is likely to dominate this nascent but growing industry, supported by generous government support and a bounty of natural geological and industrial tailwinds.

Recall that carbon capture, use and storage (CCUS) involves catching concentrated industrial emissions at their source, preventing them from entering the atmosphere (see Everything carbon investors really need to know about CCUS).

Despite the concern by environmentalists that carbon capture represents a license for oil and gas firms to maintain the status quo, their share of the market is likely to shrink. In their place, power generators, ammonia & hydrogen industries, and hard to decarbonise industrial sectors are set to capture and store more of their carbon emissions.

Lets dive in.