The CCS sector has seen significant advancements over the last few years. The technologies position as a vital lever in the energy transition space has been cemented with many countries investing heavily in its rollout. Early governmental policy and funding are bearing initial fruit with a number of significant facilities beginning operations in 2024, namely Project Longship (Norway) and Moomba CCS (Australia).
The projected CCS pipeline now sits at over 480 projects globally, according to EICDatastream; however, the capacity of this pipeline sits well short of the magnitude needed to reach global decarbonisation targets. It is seen through the analysis of nine top markets (Brazil, Canada, Malaysia, Norway, the Netherlands, Saudi Arabia, UAE, UK and the USA), selected on the prominence of their development in the CCS industry as well as their rollout potential, that varying methodologies are being implemented to facilitate this growing momentum and to speed up the currently sluggish rollout.
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