The robust pipeline of Carbon, Capture, Utilization and Storage (CCUS) projects globally points to strong growth in the coming years. The technology is being deployed across a range of industrial applications, including hard-to-abate sectors, industrial hubs and power plants. At the same time, companies are testing different business models, including CCUS-as-a-service, sharing of CO2 infrastructure in industrial hubs and cross-border collaboration to connect emitters with CO2 transportation and storage facilities. What are the results of experimenting with these emerging business models? How replicable are they across different regions and policy environments? Which CCUS technologies are best suited to different deployment situations?
Low-carbon energy hub projects are progressing in several European countries. Projects have developed into execution stages with contracts being put in place for capturing CO2 and its transport/shipping and storage elements. The Net Zero Industry Act and the proposal for the first-ever mandate to store CO2 in Europe should further reduce uncertainties around the infrastructure needed for CO2 transport and storage and provide a positive signal to the global CCUS market. Will the new regulation accelerate the growth of low-carbon energy hubs and what will be the implications for the industry? What have the learnings been for getting these complex projects moving? How do approaches differ across the countries involved? What has it taken to remove obstacles or to adapt plans to meet new project delivery challenges as they arise?