Global Carbon Capture and Storage (CCS) Market Analysis, Growth, Trends & Forecasts 2018-2023 - ResearchAndMarkets.com
The "Global
Carbon Capture and Storage (CCS) Market - Segmented by Technology,
End-user Industry and Geography - Growth, Trends and Forecasts (2018 -
2023)" report has been added to ResearchAndMarkets.com's
offering.
The global carbon capture and storage market is estimated to witness a
healthy CAGR of 10% during the forecast period.
EOR method is widely being adopted by oil & gas participants to extract
oil and gas from mature fields. CO2 is considered to be an excellent
displacing agent for EOR techniques because a large portion of injected
CO2 remains in place in depleted reservoirs. Therefore, this method
could provide a good option for CO2 sequestration to mitigate global
warming. CO2 injection also presents potential benefits by alternatively
injecting gas and water as slugs in the water-alternating-gas (WAG)
method to control CO2 mobility and flood conformance.
The United States accounts for the largest share of the market in North
America. The growing demand for clean technology, accompanied by the
growing use of CO2 in EOR practices, is likely to drive the CCS market
in the United States. The country uses 75% of the global carbon capture
capacity in EOR operations, which accounts for nearly 30 Mtpa. The
country introduced a FUTURE Act under 45Q section to provide incentives
for capturing carbon dioxide produced from industrial and power sources
to be used in EOR. In Jan 2017, the Petra Nova carbon capture facility
on a coal-fired power plant commenced its operation, with a storage
capacity of 1.4 million metric ton of CO2 per year. It is expected to
utilize post-combustion capture technology.
Companies Mentioned
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Aker Solutions
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Exxon Mobil
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Fluor Corporation
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Halliburton
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Shell
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Dakota Gasification Company
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The Linde Group
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Siemens AG
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Sulzer Ltd
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Mitsubishi Heavy Industries LTD
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Japan CCS Company
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General Electric
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Schlumberger
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NRG Energy
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Honeywell International Inc.
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
9. Future of the Market
10. Disclaimer
For more information about this report visit https://www.researchandmarkets.com/research/pc2ggk/global_carbon?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180525005205/en/
Copyright Business Wire 2018
Source: Business Wire
(May 25, 2018 - 5:48 AM EDT)
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