By 2034, the world will have developed carbon capture capacity of 440 millions tonnes per annum (Mtpa) while storage capacity will reach 664 Mtpa, requiring $196 billion in total investment, global energy data and analytics provider Wood Mackenzie has predicted. In a report titled “CCUS: 10-year market forecast”, WoodMac projects that nearly half of CCUS (Carbon Capture, Utilization & Storage) investment globally over the next decade will go into CO2 capture, with the remaining $53 billion going…
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