Installed carbon capture and storage (CCS) project capacity is on track to double to 100 million tonnes per annum (Mtpa) according to a Global CCS Institute report.
The Global Status of CCS 2024 report finds a significant uptick in CCS activity as governments and industry collaborate to reduce greenhouse gas emissions and reach Net Zero targets.
It found 628 projects are now in the pipeline, up 236 on 2023, and facilities currently in operation have a capacity to capture and store 51 Mtpa of carbon dioxide (CO2). However, only 50 commercial CCS projects are operating globally.
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