Governments and businesses worldwide are accelerating investments in carbon capture, utilization, and storage (CCUS) technologies to meet climate goals and reduce greenhouse gas emissions.
The United States leads CCUS development, with the world’s largest direct air capture facility, Stratos, expected to go online in Texas this year.
The European Union’s 2024 Net Zero Industry Act mandates a minimum of 50 million tonnes of CO2 storage capacity per year by 2030, highlighting global efforts to scale carbon capture initiatives.
A report by IDTechEx, Carbon Capture, Utilization, and Storage (CCUS) Markets 2025-2045, examines the evolving business case for CCUS. It details advancements in energy-efficient carbon capture technologies, including novel solutions using membranes and cryogenics.
“The growing emphasis on carbon capture reflects its critical role in reducing emissions and meeting net-zero targets,” the report states. “Innovations in CCUS technology are making it more feasible for widespread adoption.”
Beyond storage, carbon dioxide utilization is gaining traction. The U.S. is offering tax credits to incentivize CO2-based product development, including chemicals, fuels, and sustainable building materials like green concrete.
IDTechEx’s Carbon Dioxide Utilization 2025-2045 report highlights applications such as oil recovery, greenhouse crops, and methanol production as key growth areas.
As industries expand, sustainability remains a priority. Tech giants like Amazon, Microsoft, and Meta are investing in renewable energy and low-carbon technologies to power data centers.
