CCS market to cross $6bn by 2026


The global carbon capture and storage (CCS) market is set to cross $6bn by 2026.

That’s according to a recent study by Global Market Insights, a market and strategy consulting firm who says the demand for CCS projects is “flourishing”.

Global Market Insights has said that stringent government regulations towards curtailing greenhouse gas emissions, along with rising demand for CCS technologies to minimise carbon footprints, will propel the industry.

The report released earlier this week predicts that Europe’s CCS market will grow over 10% by 2026, primarily driven by government efforts to deploy emission control technology such as CCS.

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