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Market Insights | What is CCUS? | Wood Mackenzie

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data-text="CCUS">CCUS</a> </li> </ol> </div> <script type="application/ld+json"> { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Market insights", "item": "https://www.woodmac.com/market-insights/" } , { "@type": "ListItem", "position": 2, "name": "CCUS", "item": "https://www.woodmac.com/market-insights/topics/ccus/" } ] } </script> </div> <main id="content" class="landing"> <div><div> <div id="hero-block" class=> <div class="hero-multi-template__container template_style_medium template_position_center bg-secondary-color"> <div class="wrap relative hero-multi-template__section_flex_container"> <div class="hero-multi-template__flex_image_container justify-center"> <div class="hero-multi-template__summary col "> <h1 class="hero-multi-template__title">Everything you need to know about carbon capture, utilisation &amp; storage</h1> <p class="hero-multi-template__introduction"> As a means of removing the carbon dioxide created by fossil fuel use, carbon capture, utilisation and storage (CCUS) will be integral to a smooth energy transition. </p> </div> </div> <div class="hero-multi-template__image" style="background-image: url(https://www.woodmac.com/siteassets/frontify_media_download/photography/cities/_micro_city_tokyo-gettyimages-904453184.jpg?mode=crop&amp;center=0.5,0.5); background-position:50% 50%;"> <div class="hero-multi-template__shape"></div> </div> </div> </div> </div> </div><div> <div class="body-copy-image__section bg-light-100 no-margin-lower" id="bodycopyimage" data-io-animation-chain="true"> <div class="wrap"> <div class="body-copy-image__content-container flexbox align-start bg-light-100 reverse"> <div class="image-left body-copy-image__text-container small-12 large-6"> <h3 class="body-copy-image__section-title h300 ">CCUS isn’t new, so why the fuss now?</h3> <div class="" data-io-type="fade" data-io-direction="bottom-top"> <div class="editor body-copy-image__description"> <p>It&rsquo;s true that industrial scale carbon capture projects have been around for half a century &mdash; a major project to use waste carbon dioxide from natural gas processing plants in Val Verde Texas in enhanced oil recovery (EOR) was started in 1972. However, it&rsquo;s only recently that the urgent need to address climate change while ensuring a smooth transition away from fossil fuel use has really turned the spotlight on CCUS technology.</p></div> </div> <div class="body-copy-image__buttons-container"> </div> </div> <div class="body-copy-image__image-container small-12 large-6"> <picture> <source data-srcset="https://www.woodmac.com/siteassets/frontify_media_download/photography/nuclear/_macro/macro_nuclear_gettyimages-1297432545.jpg?w=1000&amp;mode=crop&amp;center=0.5,0.5" media="(min-width: 960px)"> <img class=" lazyload" data-src="https://www.woodmac.com/siteassets/frontify_media_download/photography/nuclear/_macro/macro_nuclear_gettyimages-1297432545.jpg?w=800&amp;mode=crop&amp;center=0.5,0.5" alt="Modern power-plant producing steam from the nuclear cooling towers. Smoke coming from refining chimney stack."> </picture> <p class="body-copy-image__image-caption"></p> </div> </div> </div> </div> </div><div> <div class="body-copy-image__section bg-light-100 " id="bodycopyimage" data-io-animation-chain="true"> <div class="wrap"> <div class="body-copy-image__content-container flexbox align-start bg-light-100 "> <div class="image-right body-copy-image__text-container small-12 large-6"> <h3 class="body-copy-image__section-title h300 ">How big is the potential use case for CCUS?</h3> <div class="" data-io-type="fade" data-io-direction="bottom-top"> <div class="editor body-copy-image__description"> <p>Current global CCUS capacity is around 63 million tonnes per year (Mtpa); under our base case this is expected to balloon to 1,700 Mtpa by 2050.&nbsp;On the face of it that&rsquo;s impressive growth, but it&rsquo;s a mere fraction of what would be needed for an orderly energy transition; to constrain global warming to 1.5 degrees above pre-industrial levels, capacity would need to reach a staggering 7,750 Mtpa.</p></div> </div> <div class="body-copy-image__buttons-container"> </div> </div> <div class="body-copy-image__image-container small-12 large-6"> <picture> <source data-srcset="https://www.woodmac.com/siteassets/frontify_media_download/photography/gas/macro-gas/macro_gas_gettyimages-684939134.jpg?w=1000&amp;mode=crop&amp;center=0.5,0.5" media="(min-width: 960px)"> <img class=" lazyload" data-src="https://www.woodmac.com/siteassets/frontify_media_download/photography/gas/macro-gas/macro_gas_gettyimages-684939134.jpg?w=800&amp;mode=crop&amp;center=0.5,0.5"> </picture> <p class="body-copy-image__image-caption"></p> </div> </div> </div> </div> </div><div> <div class="body-copy-image__section bg-light-100 no-margin-upper " id="bodycopyimage" data-io-animation-chain="true"> <div class="wrap"> <div class="body-copy-image__content-container flexbox align-start bg-light-100 reverse"> <div class="image-left body-copy-image__text-container small-12 large-6"> <h3 class="body-copy-image__section-title h300 ">What industries can CCUS help decarbonise?</h3> <div class="" data-io-type="fade" data-io-direction="bottom-top"> <div class="editor body-copy-image__description"> <p>To date, most CCUS projects have focused on emissions reduction in power generation or gas processing.&nbsp;But going forward, we expect CCUS to expand into other industries (this is a driving force behind the hub and cluster concept, whereby a central CCUS &lsquo;hub&rsquo; will process emissions from a range of industrial plants clustered nearby).&nbsp;Cement and steel production &mdash; which have limited commercial alternatives to fossil fuel use &mdash; will probably lead the way, while the CCS component in the production of blue hydrogen could also be important.</p></div> </div> <div class="body-copy-image__buttons-container"> </div> </div> <div class="body-copy-image__image-container small-12 large-6"> <picture> <source data-srcset="https://www.woodmac.com/siteassets/frontify_media_download/photography/power/macro_power/macro_power_gettyimages-1301196204.jpg?w=1000&amp;mode=crop&amp;center=0.5,0.5" media="(min-width: 960px)"> <img class=" lazyload" data-src="https://www.woodmac.com/siteassets/frontify_media_download/photography/power/macro_power/macro_power_gettyimages-1301196204.jpg?w=800&amp;mode=crop&amp;center=0.5,0.5" alt="A view of the interior of a high voltage tower against a blue sky."> </picture> <p class="body-copy-image__image-caption"></p> </div> </div> </div> </div> </div><div> <div class="module benefits soft-lens--ends bg-light-grey-1 primary-color " id="promosection"> <div class="wrap"> <div class="col small-12"> <div class="benefits__title-wrapper"> <h1 class="giga text-center--medium">CCUS in numbers</h1> <div> <p>Despite significant growth there's still an order-of-magnitude difference between planned capacity and 1.5-degree alignment</p></div> </div> </div> </div> <div class="wrap flex__equal-height flexbox justify-center"> <div class="col small-12 medium-6 large-3 flexbox direction-column justify-between"> <div class="benefits__item" id="promoicon"> <div class="icon--centered"> <img class="lazyload" data-src="https://www.woodmac.com/siteassets/frontify_media_download/icons/128-px-icons/icon-factory-building-128px.png?h=112&amp;mode=crop&amp;center=0.5,0.5" /> </div> <div class="text--centered"> <h2 class="beta">43 million tonnes per year </h2> <div class="body-copy"> <p>Current operational CCUS capacity</p></div> </div> </div> </div><div class="col small-12 medium-6 large-3 flexbox direction-column justify-between"> <div class="benefits__item" id="promoicon"> <div class="icon--centered"> <img class="lazyload" data-src="https://www.woodmac.com/siteassets/frontify_media_download/icons/128-px-icons/icon-performance-increase-128px.png?h=112&amp;mode=crop&amp;center=0.5,0.5" /> </div> <div class="text--centered"> <h2 class="beta">7x Increase</h2> <div class="body-copy"> <p>in planned CCUS capacity in 2021</p></div> </div> </div> </div><div class="col small-12 medium-6 large-3 flexbox direction-column justify-between"> <div class="benefits__item" id="promoicon"> <div class="icon--centered"> <img class="lazyload" data-src="https://www.woodmac.com/siteassets/frontify_media_download/icons/128-px-icons/icon-cloud-refresh-128px.png?h=112&amp;mode=crop&amp;center=0.5,0.5" /> </div> <div class="text--centered"> <h2 class="beta">562 million tonnes per year </h2> <div class="body-copy"> <p>Total planned CCUS capacity</p></div> </div> </div> </div><div class="col small-12 medium-6 large-3 flexbox direction-column justify-between"> <div class="benefits__item" id="promoicon"> <div class="icon--centered"> <img class="lazyload" data-src="https://www.woodmac.com/siteassets/frontify_media_download/icons/128-px-icons/icon-air-polution-co2-down-128px.png?h=112&amp;mode=crop&amp;center=0.5,0.5" /> </div> <div class="text--centered"> <h2 class="beta">5 billion tonnes per year</h2> <div class="body-copy"> <p>CCUS capacity required by 2050</p> <p>to align with 1.5 degrees</p></div> </div> </div> </div> </div> </div></div><div> <div class="c-accordion--block " id="accordion-block"> <div class="c-accordionblock__wrapper wrap relative"> <div class="col c-accordionblock__descrption"> <h2 class="text-left tera soft--bottom core-branding-rich-blue">Further considerations</h2> <div class="primary-color alpha editor push--bottom primary-font--regular"> <p>While good progress has been made, there are still some key issues that need to be looked at:</p></div> </div> <div class="c-accordionblock__acordion__section"> <div class="c-accordionblock__inner "> <div class="js-accordion c-accordionblock__bordertop__grey"> <div class="c-accordion__wrapper"> <h3 class="small-12"> <button aria-expanded="false" class="c-accordionblock__trigger js-accordion__trigger c-accordionblock__item__title" aria-controls="accordion-section-34f1f96e-1de6-4f31-954d-b570f0304ecf" id="accordion-button--34f1f96e-1de6-4f31-954d-b570f0304ecf"> <h2>If it&rsquo;s been around so long, why is uptake so limited?</h2> </button> </h3> <div class="c-accordion__panel" id="accordion-section--34f1f96e-1de6-4f31-954d-b570f0304ecf" role="region" aria-labelledby="accordion-button--34f1f96e-1de6-4f31-954d-b570f0304ecf"> <div class="c-accordionblock__item editor push--bottom"> <p>A key factor is that sequestering CO2 doesn&rsquo;t itself generate revenue. What&rsquo;s more, CCUS costs remain high when compared to the current global weighted average carbon price in the compliance market. Successful projects have found the right balance of cost and incentive, but the future of CCUS will depend on internationally coordinated carbon pricing and incentive structures to make the technology viable.</p></div> </div> </div> <div class="c-accordion__wrapper"> <h3 class="small-12"> <button aria-expanded="false" class="c-accordionblock__trigger js-accordion__trigger c-accordionblock__item__title" aria-controls="accordion-section-d6e8371a-38b1-442d-a2a5-ef6dd666ef53" id="accordion-button--d6e8371a-38b1-442d-a2a5-ef6dd666ef53"> <h3>What will be the other main barriers to uptake?</h3> </button> </h3> <div class="c-accordion__panel" id="accordion-section--d6e8371a-38b1-442d-a2a5-ef6dd666ef53" role="region" aria-labelledby="accordion-button--d6e8371a-38b1-442d-a2a5-ef6dd666ef53"> <div class="c-accordionblock__item editor push--bottom"> <p>Until now, CCUS has been dominated by amine-based processes. Capturing carbon dioxide from sources with lower levels of concentration, at scale and more cheaply, will require improved technology. Added to this, the corrosive nature of CO2 can make transportation costly and storage an issue; even when suitable locations can be found, rigorous measures are needed to ensure their integrity.</p></div> </div> </div> <div class="c-accordion__wrapper"> <h3 class="small-12"> <button aria-expanded="false" class="c-accordionblock__trigger js-accordion__trigger c-accordionblock__item__title" aria-controls="accordion-section-375e9d33-5cf2-4ede-b30f-1636b99cf152" id="accordion-button--375e9d33-5cf2-4ede-b30f-1636b99cf152"> <h3>Can these issues be overcome?</h3> </button> </h3> <div class="c-accordion__panel" id="accordion-section--375e9d33-5cf2-4ede-b30f-1636b99cf152" role="region" aria-labelledby="accordion-button--375e9d33-5cf2-4ede-b30f-1636b99cf152"> <div class="c-accordionblock__item editor push--bottom"> <p>Strengthened net zero targets have built momentum behind CCUS. Hub projects are in the pipeline all over the world, enabling more industries to employ carbon capture and bringing down costs. But above all, rolling out CCUS at scale will require effective policy support and well-structured carbon pricing schemes. Only then will the goal of reaching 7,750Mtpa by 2050 become possible.</p></div> </div> </div> </div> </div> </div> </div> </div></div><div> <section id="hero-block" class="c-hero c-hero--standard bg-dark-grey-3 clip z3 bg-gradient bg-gradient--mid relative flexbox--medium direction-column--medium justify-center--medium " data-io-animation-chain="true"> <picture> <source srcset="https://www.woodmac.com/siteassets/frontify_media_download/photography/nuclear/_micro/micro_nuclear_gettyimages-91082914.jpg?w=1800&amp;h=680&amp;mode=crop&amp;center=0.5,0.5" media="(min-width: 1200px)"> <source srcset="https://www.woodmac.com/siteassets/frontify_media_download/photography/nuclear/_micro/micro_nuclear_gettyimages-91082914.jpg?w=1000&amp;h=680&amp;mode=crop&amp;center=0.5,0.5" media="(min-width: 768px)"> <img class="image-cover-medium-up" src="https://www.woodmac.com/siteassets/frontify_media_download/photography/nuclear/_micro/micro_nuclear_gettyimages-91082914.jpg?w=800&amp;h=400&amp;mode=crop&amp;center=0.5,0.5" alt="Two operational nuclear cooling towers, wind turbines in the distance, in the countryside."> </picture> <div class="c-hero__panel soft-double--ends wrap flexbox--medium align-center--medium"> <div class="relative z10 full-width flexbox--medium align-center--medium"> <div class="col small-12 medium-7 push-1--medium large-6 push-2--large xlarge-5 push-4--xlarge " data-io-type="fade" data-io-direction="top-bottom"> <p class="white beta font-semibold push-quarter--bottom fade-in-up fade-in-up--2">Join us on 9-10 October 2024 at the </p> <h1 class="push-half--bottom white peta font-semibold fade-in-up fade-in-up--2">Carbon Capture, Utilization and Storage (CCUS) Conference, Houston, TX, USA</h1> </div> <div class="col small-12 medium-4 large-4 xlarge-3 align-self-start push-top--small " data-io-type="fade" data-io-direction="top-bottom"> <a class="btn btn--primary btn--external" target=&quot;_blank&quot; rel=&quot;noopener&quot; href="/events/carbon-capture-utilization-storage-conference/"> Register now </a> </div> </div> </div> </section></div><div><div id="latest-thinking"> <div class="module module--bg"> <div class="wrap"> <div class="col small-12 text-center push--bottom"> <h2 class="text-center mega bold push-half--bottom"> Read more about CCUS </h2> <div class="filter__inner"> <div class="filter hide visuallyhidden"> <button class="js-toggle__group btn btn--filter" data-target="#filter-commodity"> <span data-display-name="ButtonText">Commodity</span> <svg tabindex="-1" role="img" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" width="11.2px" height="6.7px" viewBox="0 0 11.2 6.7" enable-background="new 0 0 11.2 6.7" xml:space="preserve"> <polygon fill="#565656" points="5.6,4.5 1.1,0 0,1.1 5.6,6.7 11.2,1.1 10.2,0 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class="filter__panel"> <ul class="checkbox soft-half js-filter" data-hidden=&quot;true&quot;> <li class="checkbox__item"> <input type="checkbox" id="filter-item-c2668" name="cf" value="c2668" class="checkbox__input" /> <label for="filter-item-c2668" class="checkbox__label">Chemicals</label> </li> <li class="checkbox__item"> <input type="checkbox" id="filter-item-c2680" name="cf" value="c2680" class="checkbox__input" /> <label for="filter-item-c2680" class="checkbox__label">Metals costs</label> </li> <li class="checkbox__item"> <input type="checkbox" id="filter-item-c2696" name="cf" value="c2696" class="checkbox__input" /> <label for="filter-item-c2696" class="checkbox__label">Metals markets</label> </li> <li class="checkbox__item"> <input type="checkbox" id="filter-item-c2706" name="cf" value="c2706" class="checkbox__input" /> <label for="filter-item-c2706" class="checkbox__label">Metals concentrates and intermediates</label> </li> <li class="checkbox__item"> <input type="checkbox" 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</ul> </div> </div> <div role="button" class="filter__close js-filter__close"> </div> </div> <div class="js-filter-pills"> </div> </div> <div class="clearfix"></div> <div class="masonry"> <div class="wrap"> <div class="col small-12 js-filter-list" data-filter-endpoint="/api/v1/search/latest-thinking/5281506f-2ed4-43db-bc17-bc14780a0c90" data-pinned-endpoint="" data-filter-batchsize="6"> <div class="text-center soft--ends status status--searching js-filter__default"><p class="font-regular">Loading...</p></div> </div> </div> </div> <div class="js-filter__more"></div> </div> </div> </div> </div><div><div class="wrap product-carousel-container product-carousel-section-height" id="SectionProductListCarousel"> <div class="col small-12 medium-5 large-4 xlarge-4 product-carousel-section-height product-carousel-section-intro"> <h3 class="peta soft--right--large push--top primary-color" >Featured Product: Lens Carbon</h3> <div class="editor product-carousel-body-text push--top"> <p>A unique, end-to-end solution to screen, analyse and value carbon management projects</p></div> </div> <div class="col small-12 medium-7 large-8 xlarge-8 product-carousel-section-height" id="productimagecarousel"> <div class="product-carousel swiper-container product-carousel-section-height"> <div class="swiper-wrapper"> <div class="product-carousel__slide swiper-slide"> <!--Start of slides--> <div class="product-carousel__slide--content"> <h5 class="text-left giga product-carousel-content-push-double-top primary-color">Lens Carbon</h5> <div class="product-carousel-content-flex"> <div style="flex: 50%"> <div class="editor primary-color product-carousel-content-push-double-top"> <p>Evaluation of the carbon management value chain</p></div> </div> <div class="product-carousel-content-push-double-top product-carousel-content-image"> <img class="lazyload" data-src="https://www.woodmac.com/siteassets/frontify_media_download/photography/nuclear/_micro/micro_nuclear_gettyimages-1425059173.jpg?w=1920&amp;h=1080&amp;mode=crop&amp;center=0.5,0.5" alt="Nuclear power plant after sunset. Dusk landscape with big chimneys." /> </div> </div> <div class="product-carousel-content-push-double-top"> <a class="btn--secondary" href="/lens/carbon/">Find out more</a> </div> </div> </div> <!--End of slides--> </div> <div class="product-carousel-swiper-action-container push--top"> <div class="swiper-button-next"></div> <div class="swiper-button-prev"></div> </div> </div> </div> <div> </div> </div></div><div> <div class="module" id="relatedproducts"> <div class="wrap"> <h2 class="col small-12 giga title-underline soft--bottom push--bottom" >View our related reports</h2> <div class="clearfix"></div> <div class="js-wall-row js-wall-row--is-ready"> <div class="wrap-flex"> <div class="related related--flexi related--report js-wall-row-item "> <div role="button" tabindex="1" data-wall-target="quickview-542996" class="related__link bg-insight-report store-realted-bg block mono-link js-wall-row-trigger js-related-product" aria-expanded="false" aria-controls="quickview-542996-wrap"> <div class="related__content"> <span class="store_badge">Insight</span> <div class="related__summary store-related-push--top"> <h3 class="alpha store_primary">The Majors: positioning in low-carbon energy</h3> </div> <span class="btn-baseline">Quick view</span> </div> </div> <div class="js-wall-row-child" aria-hidden="true" id="quickview-542996-wrap" tabindex="-1"> <div class="soft-double--ends"> <div class="wrap"> <div class="col small-12 small-medium-7 large-7" id="quickview-542996"> <div class="row"> <div class="col small-12 large-6 push--bottom"> <h3 class="alpha white push--bottom">Summary</h3> <div class="white"> <p class="beta push--bottom"> <div> The Majors have stepped up new energy growth over the last year. In renewable power alone, capacity has jumped by 95% or 40 GW. More investment is flowing into the sector. Growth strategies are diversifying. Find out how each company benchmarks in the latest report in our Corporate New Energy Series, including: • The main strategic moves and relative importance of each technology • The materiality of wind and solar for the leading players • The impact on moves into CCS and clean hydrogen on corporate rankings</div> </p> </div> </div> <div class="col small-12 large-6 push--bottom"> <h3 class="alpha push-half--bottom white">What's included</h3> <p class="push-half--bottom white">This report contains:</p> <ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#ffffff"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg> <p class="white gamma push-quarter--bottom font-regular" >The Majors Positioning In Low Carbon Energy.pdf</p> <p class="white uppercase delta"> <span>PDF</span> <span>1.07 MB</span> </p> </li></ul> </div> </div> </div> <div class="col small-12 small-medium-5 pull-1--large large-4 bg-primary-color-shade--20 soft"> <p class="col small-12 alpha white font-regular push-half--bottom">This report is currently unavailable</p> <a class="btn btn--secondary push-half--bottom" href="/products/research/subscriptions/">Enquire about subscriptions</a> <p class="white"> Already have a subscription? <a class="font-semibold" href="https://identity.woodmac.com/sign-in?goto=https%3A%2F%2Fwww.woodmac.com%2Fmarket-insights%2Ftopics%2Fccus%2F"> Sign In </a> </p> </div> </div> </div> </div> </div> <div class="related related--flexi related--report js-wall-row-item "> <div role="button" tabindex="2" data-wall-target="quickview-446167" class="related__link bg-primary-color-shade--20 store-realted-bg block mono-link js-wall-row-trigger js-related-product" aria-expanded="false" aria-controls="quickview-446167-wrap"> <div class="related__content"> <span class="store_badge">Inform</span> <div class="related__summary store-related-push--top"> <h3 class="alpha store_primary">CCUS northern powerhouse gets another boost as BP announce new infrastructure partnership</h3> </div> <span class="btn-baseline">Quick view</span> </div> </div> <div class="js-wall-row-child" aria-hidden="true" id="quickview-446167-wrap" tabindex="-1"> <div class="soft-double--ends"> <div class="wrap"> <div class="col small-12 small-medium-7 large-7" id="quickview-446167"> <div class="row"> <div class="col small-12 large-6 push--bottom"> <h3 class="alpha white push--bottom">Summary</h3> <div class="white"> <p class="beta push--bottom"> <div> On 26th October, BP announced the formation of the Northern Endurance Partnership (NEP), a partnership aimed at developing CO2 transport and storage infrastructure in the North Sea. The partnership is made up of BP, Eni, Equinor, Shell, Total and National Grid, all of whom have existing interests in CCUS projects in Teesside and/or the Humber. The offshore CO2 infrastructure developed by the partnership will be utilised by the Net Zero Teeside and Zero Carbon Humber projects. This latest partnership shows the northeast of England is fast becoming the UK’s powerhouse for CCUS projects. The focus on transport and storage completes the CCUS value chain and complements the so far capture focused projects in the area. The partners involved certainly have the skills and knowledge to develop offshore infrastructure and will hopefully be able to drive forward the development of the CO2 network the UK needs to achieve its net zero ambitions.</div> </p> </div> </div> <div class="col small-12 large-6 push--bottom"> <h3 class="alpha push-half--bottom white">What's included</h3> <p class="push-half--bottom white">This report contains:</p> <ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#ffffff"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg> <p class="white gamma push-quarter--bottom font-regular" >CCUS northern powerhouse gets another boost as BP announce new infrastructure partnership</p> <p class="white uppercase delta"> <span>PDF</span> <span>929.20 KB</span> </p> </li></ul> </div> </div> </div> <div class="col small-12 small-medium-5 pull-1--large large-4 bg-primary-color-shade--20 soft"> <p class="col small-12 alpha white font-regular push-half--bottom">This report is currently unavailable</p> <a class="btn btn--secondary push-half--bottom" href="/products/research/subscriptions/">Enquire about subscriptions</a> <p class="white"> Already have a subscription? <a class="font-semibold" href="https://identity.woodmac.com/sign-in?goto=https%3A%2F%2Fwww.woodmac.com%2Fmarket-insights%2Ftopics%2Fccus%2F"> Sign In </a> </p> </div> </div> </div> </div> </div> <div class="related related--flexi related--report js-wall-row-item "> <div role="button" tabindex="3" data-wall-target="quickview-504389" class="related__link bg-insight-report store-realted-bg block mono-link js-wall-row-trigger js-related-product" aria-expanded="false" aria-controls="quickview-504389-wrap"> <div class="related__content"> <span class="store_badge">Insight</span> <div class="related__summary store-related-push--top"> <h3 class="alpha store_primary">Canadian carbon capture credentials</h3> </div> <span class="btn-baseline">Quick view</span> </div> </div> <div class="js-wall-row-child" aria-hidden="true" id="quickview-504389-wrap" tabindex="-1"> <div class="soft-double--ends"> <div class="wrap"> <div class="col small-12 small-medium-7 large-7" id="quickview-504389"> <div class="row"> <div class="col small-12 large-6 push--bottom"> <h3 class="alpha white push--bottom">Summary</h3> <div class="white"> <p class="beta push--bottom"> <div> Canada is a leading region in CCSU. Although Canada accounts for only 1.9% of the global CO2e emissions, the country currently holds 14% of the global operating CCUS capacity, and a long pipeline of publicly announced future projects that would see capacity increase significantly by the end of this decade. The learnings from these early stage, innovative, made-in-Canada projects have been adopted globally as industry looks to accelerate CCUS projects worldwide.</div> </p> </div> </div> <div class="col small-12 large-6 push--bottom"> <h3 class="alpha push-half--bottom white">What's included</h3> <p class="push-half--bottom white">This report contains:</p> <ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#ffffff"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg> <p class="white gamma push-quarter--bottom font-regular" >Canadian Carbon Credentials.pdf</p> <p class="white uppercase delta"> <span>PDF</span> <span>1.91 MB</span> </p> </li></ul> </div> </div> </div> <div class="col small-12 small-medium-5 pull-1--large large-4 bg-primary-color-shade--20 soft"> <h3 class="peta white font-light pdp-price-value">$1,050</h3> <p class="white">You can pay by card or invoice</p> <a href="/reports/energy-markets-canadian-carbon-capture-credentials-504389/" class="store-btn store-btn--primary btn--block push-half--bottom" data-tracking-click="eyJldmVudCI6ImRldGFpbCIsImVjb21tZXJjZSI6eyJkZXRhaWwiOnsicHJvZHVjdHMiOlt7Im5hbWUiOiJDYW5hZGlhbiBjYXJib24gY2FwdHVyZSBjcmVkZW50aWFscyIsImlkIjoiMTM3MjAxIiwicHJpY2UiOiIxMDUwLjAwIiwicXVhbnRpdHkiOjF9XX19fQ==" 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