Amid the accelerating climate crisis, the urgency to reach net-zero emissions by 2050 has become a global imperative, with some required technologies still in need of rapid development.
Despite the rising dominance of renewable energy, which diminishes the appeal of new CCUS installations in power generation, these technologies remain crucial for retrofitting existing installations. Despite their potential to significantly mitigate global warming, current global CCS and CCU deployment is a fraction of the gigaton-scale needed by the 2030s and 2040s. Currently, the deployment stands at about 50 million tons per year, starkly insufficient against the looming deadlines. Globally, we would need about 20 times more per year by 2030.The CCUS journey has been fraught with challenges.