{"id":3503510,"date":"2023-03-30T08:40:20","date_gmt":"2023-03-30T07:40:20","guid":{"rendered":"https:\/\/www.globalfactor.com\/?p=3503510"},"modified":"2023-03-30T08:45:22","modified_gmt":"2023-03-30T07:45:22","slug":"demand-for-co2-capture-and-storage-soars-in-2023","status":"publish","type":"post","link":"https:\/\/www.globalfactor.com\/en\/demand-for-co2-capture-and-storage-soars-in-2023\/","title":{"rendered":"Demand for CO2 capture and storage soars in 2023"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1372.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p style=\"text-align: justify; \">The carbon capture, utilisation and storage (CCUS) market had a big 2022, with close to 100 % growth in project announcements. North America took the lead thanks to its favourable policies, while APAC countries started to catch up.<\/p>\n<p style=\"text-align: justify; \">This year, the focus is on the mature markets of Europe and North America, as an avalanche of projects is expected to move to the next phase. However, a third of the projects in the pipeline are expected to be delayed, although project announcements will keep pace in 2023.<\/p>\n<p style=\"text-align: justify; \">There is currently a lack of available CO2 infrastructure. Onshore pipelines continue to emerge as the CO2 transport mode of choice, with some ambitious large-scale developments in the US Midwest.<\/p>\n<p style=\"text-align: justify; \"><b>North Sea<\/b><\/p>\n<p style=\"text-align: justify; \">Dozens of CO2 transport terminals and vessels will be needed in the emerging CO2 shipping market, which is currently centred on the North Sea, with Norway, Denmark and the Netherlands positioned as attractive CO2 importing countries for storage.<\/p>\n<p style=\"text-align: justify; \">In most parts of the world, the EOR method of CO2 storage is on the verge of losing its dominance, although in Asia it is gaining ground thanks to improving economics and companies&#8217; decarbonisation ambitions.<\/p>\n<p style=\"text-align: justify; \">Storage in saline and volcanic aquifers is on the rise due to large storage capacity and potentially cheaper and more efficient CO2 storage.<\/p>\n<p style=\"text-align: justify; \"><b>Source: <\/b>El peri\u00f3dico de la energ\u00eda<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Climate Change news<\/p>\n","protected":false},"author":1,"featured_media":3503358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[89,88],"tags":[],"class_list":["post-3503510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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