A global report launched today in Abu Dhabi (UAE) finds that the only low-carbon technology option for industrial and many power applications, carbon capture and storage (CCS), is now on the cusp of widespread deployment.
The Global CCS Institute’s annual Global Status of CCS: 2014 report finds there are now 22 projects in construction or operation worldwide – a 50% increase since 2011.
The report details progress on CCS over the past year, providing a raft of recommendations for decision makers.
It found the industry is poised to move through its most active construction period to date, extending across a diverse range of sectors such as iron and steel, natural gas and power. The report also details nine CCS projects under construction, with investments totalling billions of dollars, eight of which are expected to become operational by 2016.
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