Insights
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Whitepaper
CCUS Market Update
The global carbon capture, utilization, and storage (CCUS) market is facing a further slowdown – with only 75 million tonnes per annum (Mtpa) of project capacity announced in 2024. This represents 12% of the total CCUS capacity announcements, nearly half of the growth in 2023. As mentioned in Rystad Energy’s previous report, the market’s focus will be on executing the announced projects in the years ahead. Project delays have intensified, with the percentage of delayed projects rising from 32% in 2022 to 42% in 2024. This increase reflects growing challenges in navigating project complexity and regulatory hurdles. Access the whitepaper to get the CCUS market update and map out the next decade’s CCUS market.
CCUS Market Update
The global carbon capture, utilization, and storage (CCUS) market is facing a further slowdown – with only 75 million tonnes per annum (Mtpa) of project capacity announced in 2024. This represents 12% of the total CCUS capacity announcements, nearly half of the growth in 2023. As mentioned in Rystad Energy’s previous report, the market’s focus will be on executing the announced projects in the years ahead. Project delays have intensified, with the percentage of delayed projects rising from 32% in 2022 to 42% in 2024. This increase reflects growing challenges in navigating project complexity and regulatory hurdles. Access the whitepaper to get the CCUS market update and map out the next decade’s CCUS market.