Report

Carbon Capture and Storage Market: Developments, Opportunities and Market Trends [2016-2026]

Technological advancements in recent years have created remarkable new opportunities to control the emission of carbon dioxide, the major greenhouse gas causing drastic environmental changes. The industrial sector is responsible for nearly one quarter of the world’s annual greenhouse gas emissions. This has been the major concern throughout the globe as CO2 can lead to global warming, ocean acidification, and many worse things. The need to control the large quantities of CO2 emission as soon as possible, has forced the industry to come up with a technology termed as Carbon Capture and Storage (CCS). CCS is the only technology thriving in the market that can achieve deep reductions in CO2 emissions from high emitting industries such as steel, cement, fertilizer, etc. CCS is the process of capturing waste CO2 from large industrial sources, transporting it to a storage site and thereby depositing it such that it does not enter the atmosphere in any way. CCS can reduce the CO2 emissions by approximately 80-90% from an industrial plant. It is estimated that a single CCS project capturing and storing one million tonnes per annum (Mtpa) of CO2 is removing emissions equivalent to taking 200,000 cars off the road.

The global carbon capture storage market was estimated to be 61,150 kilo tons in 2015 and is estimated to grow at a CAGR of XX% through the forecast period of 2016-2026. Over 23 CCS projects are in operation currently throughout the globe and are increasing substantially with increasing concerns towards the environment.

The CCS technology primarily involves three steps:

  1. Capture: The separation of CO2 from other emitted industrial gases like nitrogen, Sulphur Dioxide, etc. during industrial operations is termed as CO2 Capture. Waste gas emitted from combustion of coal in oxygen has CO2 concentration of about 10-15% while the natural gas power plant waste gas contains about 5-10% CO2. Broadly, three capture techniques are thriving in the CCS market:
    • Post Combustion Capture: This technology is well understood and is the most in use with several research operations being performed. This technology involves removal of CO2 after combustion of fossil fuel. It is used majorly in fossil fuel burning power plants.
    • Pre Combustion Capture: This technology involves the removal of CO2 before combustion of the fossil fuel taking place. The fossil fuel is partially oxidized and then from the resulting syngas (CO2+H2), CO2 is captured. It is majorly applied in fertilizers, chemical, gaseous fuel and power production industries.
    • Oxy-fuel Combustion: This technology involves combustion of fossil fuel in oxygen rather than air. From the resulting flue gas consisting of water vapour and CO2, water vapour is removed by condensation. This technology is promising and several developments are being carried out.
  2. CO2 can be separated out of the waste gas either by absorption, adsorption, membrane gas separation, etc. All these techniques with various limitations and advantages have been discussed in our report.

  3. Transport: Once separated, the CO2 is compressed and is transported through pipelines to suitable storage sites. Ships could also be used for transportation in areas where pipeline is not feasible.
  4. Storage: CO2 is generally injected into deep underground geological formations, preferably about 2 km from the earth’s surface or it can be stored as a solid storage by reaction of CO2 with metal oxides to form stable carbonates. The former technique simply is a model of deep underground reserves of CO2 that has been preserved for millions of years just like crude oil and natural gas. The transported CO2 can directly be used for enhanced oil recovery purposes, and other oil & gas techniques discussed in detail in our report.

With strict environmental policies towards controlling environmental hazards, the industrial companies across the globe have been prompted to use environmental friendly technologies such as the CCS. The ever growing use of fossil fuels and industrialization is the major driving factors of the CCS market. Being a new technology with R&D operations still going on, the private companies are hesitating to invest in CCS market restraining the overall market growth. The opportunities in the CCS market lies in the wide application of transported, pure CO2 in various fields like Enhanced Oil Recovery, production of fertilizers, synthetic gas, etc.

The profiles and the comprehensive operational study of various key players in the CCS market like The Linde Group, Vattenfall, Engie (formally GDF SUEZ S.A.), Royal Dutch Shell plc., BHGE, etc. have been well analysed and included in the report.

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By Technology

  • Post-Combustion Capture
  • Pre-Combustion Capture
  • Oxy-fuel Combustion Capture
  • Industrial Separation of CO2
  • Ocean Storage
  • Mineral Storage

By Application

  • Enhanced Oil Recovery
  • Industrial
  • Agriculture

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (ROW)
  • Market overview and forecasting covering Optimistic, Realistic and Pessimistic scenarios (2016-2026)
  • Analysis and study of various services provided by major players active in the Carbon Capture and Storage market
  • Market segmentation based on Technology, Application and Geography
  • Detailed coverage of technology and services involved
  • Technical comparative studies and case analysis
  • Competitive landscape with in depth analysis of the market players’ strategy
  • Infraline’s Techno Managerial edge covering SWOT, TOWS, Porter’s five forces and PESTLE analysis

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