Carbon capture utilization is the process of capturing carbon dioxide from fuel combustion or industrial processes, the transport of this CO2 via ship or pipeline, and either its use as a resource to create valuable products or services or its permanent storage deep underground in geological formations. CCUS technologies also provide the foundation for carbon removal or “negative emissions” when the CO2 comes from bio-based processes or directly from the atmosphere. The global demand for carbon capture, utilization, and storage market is primarily driven by growing focus on reducing CO2 emissions, supporting government initiatives and increasing demand for CO2-EOR techniques. Rapid industrialization across the globe has led to surge in emission of carbon dioxide.
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Key Players
- Halliburton
- Aker Solutions
- Royal Dutch Shell Plc
- Linde Plc
- Exxon Mobil Corporation
- Mitsubishi Heavy Industries Limited
- Fluor Corporation
- Honeywell International Inc.
- Schlumberger Limited