Carbon Capture and Storage (CCS) - Thematic Intelligence
Summary
Carbon capture and storage (CCS) is an emission mitigation technology that will play a critical role in limiting global warming. It will be instrumental in decarbonizing hard-to-replace industries, such as gas-fired power plants. Thus, CCS will supplement renewable energy, hydrogen, and nuclear power in curbing global carbon emissions.
The world is increasingly reeling under the impacts of climate change. Extreme temperatures and draught are wreaking havoc in regions, such as Europe and North America. This has intensified the need to work collectively towards restricting temperature increases to under 2° Celsius from pre-industrial levels. In its Sixth Assessment Report released in March 2022, the Intergovernmental Panel on Climate Change (IPCC) suggested several pathways to achieve this goal. The majority of these involved CCS.
Scope
- This report assesses the worldwide potential for CCS deployment across the energy sector.
- It highlights the various industry, technology and regulatory trends influencing the CCS theme.
- It evaluates the global active and upcoming CCS projects in the energy sector.
- It analyses the CCS value chain and identifies major players across different elements of the value chain.
- The report also provides an overview of the competitive positions held by leading oil and gas players in the CCS theme.
- Know about CCS and its potential role in decarbonizing the energy sector
- Identify the key trends supporting the global adoption of CCS technologies.
- Review the adotion of CCS across different segments within the energy sector.
- Understand the CCS value chain and identify the oil and gas leaders with this space.
- Identify and benchmark key oil and gas players in the CCS theme.
- Executive Summary
- Players
- Technology Briefing
- GlobalData’s energy transition framework
- Need for carbon sequestration
- The CCS process – removing carbon emissions from industrial facilities
- Major CO2 emission sources across the energy sector
- Types of carbon capture technologies
- The utilization of captured CO2 makes the CCS process more viable
- Trends
- Oil & gas sector trends
- Technology trends
- Regulatory trends
- Industry Analysis
- Global CCS capacity in the energy sector
- Regional analysis of CCS capacity
- Permanent storage is emerging as the preferred endpoint for captured CO2
- CCS Capacity by sector
- Natural gas – the transition fuel backed by CCS
- Enabling the hydrogen economy with CCS
- Decarbonizing power generation
- Biorefineries aiming to produce negative emission fuels
- Direct air capture
- Competitive landscape
- M&A activities
- Value Chain
- CO2 emission source
- CO2 capture and separation
- CO2 transportation
- CO2 end product
- Oilfield services
- Companies
- Oil & gas companies
- Service companies
- Glossary
- Further Reading
- GlobalData reports
- Our thematic research methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Oil & gas sector trends
- Table 2: Technology trends
- Table 3: Regulatory trends
- Table 4: M&A activities
- Table 5: Oil & gas companies
- Table 6: Service companies
- Table 7: Glossary
- Table 8: GlobalData reports
- List of Figures
- Figure 1:A select list of leading energy players in CCS and where they sit in the value chain
- Figure 2:Where does CCS fit in GlobalData’s energy transition framework?
- Figure 3:How does CCS work?
- Figure 4:The different technologies for capturing CO2
- Figure 5:Direct air capture project by Carbon Engineering
- Figure 6:The global energy sector will witness a significant rise in the carbon capture capacity this decade
- Figure 7:North America will account for nearly half of the global CCS capacity by 2030
- Figure 8:The US will lead in global CCS capacity additions by 2030
- Figure 9:The majority of the CCS operators plan to bury their captured CO2 in underground formations
- Figure 10:Power plants and hydrogen production will see greater deployment for CCS in the energy sector
- Figure 11:Hydrogen production with carbon capture
- Figure 12:The US and the UK will drive CCS deployment in hydrogen production units
- Figure 13:CCS will facilitate the decarbonization of coal and gas-fired power plants
- Figure 14:ExxonMobil to lead in CO2 capture capacity by 2030
- Figure 15:The CCS value chain
- Figure 16:The CCS value chain: CO2 emission source
- Figure 17:The CCS value chain: CO2 capture and separation
- Figure 18:The CCS value chain: CO2 transportation
- Figure 19:The CCS value chain: CO2 end product
- Figure 20:The CCS value chain: Oilfield services
- Figure 21: Our five-step approach for generating a sector scorecard
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