Carbon dioxide (CO2) capture capacity of all carbon capture and storage (CCS) facilities under development has grown from 73 million tonnes per annum (Mtpa) to 111 Mtpa in the last year, representing a 48% increase.
That’s according to a new report published today (12th Oct) by the Global CCS Institute, which highlights that in 2021, the total capacity of the CCS project pipeline increased for the fourth year in the row, by almost one third over the previous year.
North America continued to be the global front running in CCS deployment, with over 40 new CCS project announced in 2021. The report states this can largely be attributed to CCS tax credits, stronger climate commitments.
Outside of the US, in 2021, several new countries now have commercial CCS facilities under development, including Belgium, Denmark, Hungary, Indonesia, Italy, Malaysia, and Sweden.
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