A report published by the UK’s largest carbon capture, utilisation and storage (CCUS) start-up, Carbon Clean, has revealed that a majority of executives in hard-to-abate sectors plan to use CCUS as a tool in their net zero emission armoury.
The ‘first of its kind’ report also indicated that 60% of executives plant to roll out a CCUS solution in the next decade, with a ‘majority’ stating that space is a barrier to adoption. 34% planned to launch CCUS initiatives within the next six years.
Based on an anonymised survey of senior executives, ‘Scaling up CCUS – market insights’ also showed that funding is an issue for a large percentage of respondents, with 59% of executives preferring a mix of funded and owned CCUS equipment.
Onward transportation and disposal of captured carbon, in addition to markets for carbon use was the most frequently mentioned concern around CCUS adoption.
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