The carbon capture, utilization, and storage (CCUS) market is in the growth phase, with many innovative technologies and business models being applied to remediate emissions at existing facilities. Most projects are in either a design or pilot phase (in operation but at a relatively small scale). Large-scale commercial operations in most cases are still at least 2 years away.
All major players are committed to reversing climate change and achieving net zero by reducing emissions via some form of decarbonization. The global challenge must be addressed by many different innovative solutions rather than just one. The growing marking with heightened public visibility has room for many players and solutions to co-exist and grow in their chosen segments.
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