Media Releases

Key Points

• The Global CCS Institute has released its Global Status of CCS 2024 report showcasing significant year-on-year momentum for the progress of CCS as governments and industry around the world collaborate to reduce greenhouse gas emissions and reach net-zero by mid-century.
• With 628 projects across all stages of development in the CCS project pipeline, project development activities continue to display strong growth.
• Global CO₂ capture capacity is on track to double to over 100 million tonnes per year (Mtpa) of CO₂, once facilities currently under construction commence operation.
• The cumulative CO₂ capture capacity for projects in the CCS pipeline is now 416 Mtpa, representing a 32% Compound Annual Growth Rate (CAGR) since 2017.
• The business case for CCS globally is being bolstered by strengthening policy, new carbon management business models, and strong interest in CCS hubs and networks.

The Global CCS Institute has released its Global Status of CCS 2024 report showcasing significant year-on-year momentum for CCS projects globally, as governments and industry around the world collaborate to reduce greenhouse gas emissions and reach net-zero as quickly as possible.

Report findings show strong growth in CCS projects across all stages of development, with a total of 628 projects in the pipeline, an increase of 236 projects compared to the previous year. The cumulative CO₂ capture capacity for these projects is now 416 Mtpa, representing a seven-year CAGR of 32%. Facilities currently in operation have a capacity to capture and store 51 Mtpa of CO_2. This figure is on track to double to over 100 Mtpa once facilities currently under construction commence operation.

Mr Jarad Daniels, CEO of the Global CCS Institute, expressed enthusiasm for the global momentum and progress of CCS saying:

“The CCS industry is rapidly maturing and evolving, catalysed by global collaboration, sustained government policy support, and industry action built on decades of shared learnings. This is testament to the urgency with which governments and industries are seeking to address climate change, while continuing to supply the world’s growing population with necessary energy services and commodities.”

Regionally, key highlights from the report included:

• The Americas continue to lead the world in CCS facility deployment, catalysed by sustained policy support and funding incentives: 27 projects are in operation, and 18 are commencing construction across the US, Brazil and Canada.
• Across Asia, storage hubs and cross-border CCS projects are a major focus and dominant trend, as nations with limited geological storage resources explore opportunities with nations that have large storage resources, to store their CO₂.
• In China, Carbon Capture Utilisation and Storage (CCUS) forges ahead, spurred by climate policy progress, CCUS project deployment, and increased international collaboration.
• Across Europe and the UK, decarbonisation policies and anticipation of a robust CCS market are driving new projects: 191 projects are at various stages of development in the region, including five in operation and 10 in construction.
• Across the Middle East and Africa (MEA), CCS project development has evolved from application in enhanced oil recovery to a focus on industrial decarbonisation and low-carbon fuel development.

As progress continues at pace globally, the business case for CCS is being bolstered with the evolution of new carbon management business models and strong interest in CCS hubs and networks.

The 2024 status report notes 222 transport and storage projects, which currently do not include an associated capture facility. This number has more than doubled over 12 months. This underscores the predominance of new carbon management business models and the anticipated market for these services.  Institute CEO, Mr Jarad Daniels, elaborated further on the role of hubs and networks saying:

“Mitigating climate change will require massive infrastructure investments, including new transmission grids for low-carbon electricity generation, as well as pipelines and shipping for both CO₂ and low-carbon energy carriers such as hydrogen in various forms. Carbon management hubs and networks can help bring economies of scale to this required new infrastructure.”

Against the backdrop of exponential growth in CCS projects, ongoing regional progress and the emergence of new carbon management business models, the 2024 status report calls on all stakeholders to maintain the momentum. Mr Daniels concludes by saying:

“We are calling on government, industry, communities and all who share our common goal of reaching net-zero as quickly as possible, to work together to continue and improve on our collaborative efforts. Collaboration over decades has taken CCS from early research to where we are today. Although we still face challenges, I am immensely optimistic that these will be overcome by continuing to build and grow key partnerships.”

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About Carbon Capture and Storage:  Carbon Capture and Storage (CCS) encompasses a suite of technologies that capture the greenhouse gas carbon dioxide (CO₂), and store it safely and permanently underground, so that it does not reach the atmosphere and contribute to climate change.

About the Global CCS Institute:  The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of Carbon Capture and Storage (CCS), a vital technology to tackle climate change and deliver climate neutrality. Headquartered in Melbourne, Australia, the Institute has offices in Washington DC, Brussels, Beijing, London, Tokyo and Abu Dhabi. https://www.globalccsinstitute.com/

Media Contacts

Americas:
Joey Minervini, Public Affairs Manager Americas, joey.minervini@globalccsinstitute.com

APAC:
Matt Steyn, Public Affairs Manager APAC, matt.steyn@globalccsinstitute.com  +61 405 018 007

Honor Iosif, Public Affairs Manager APAC, honor.iosif@globalccsinstitute.com +61 466 247 225

China:
Yi Wu, Public Affairs Lead China, yi.wu@globalccsinstitute.com

Europe/MEA:
Daniela Peta, Public Affairs Lead EMEA, daniela.peta@globalccsinstitute.com

The Global CCS Institute welcomes the EU Industrial Carbon Management Strategy released on 6 February by the European Commission. The strategy represents a key milestone for the widescale deployment of carbon management technologies in the EU and the success of Europe’s decarbonisation strategy more broadly. 

Published together with the new intermediate EU 2040 climate target, the strategy proposes a comprehensive approach to address all aspects of the CO2 value chain and creates an enabling environment for the deployment of carbon management technologies in the EU. These innovative technologies include Carbon Capture and Storage (CCS), Carbon Capture and Utilisation (CCU) and Carbon Dioxide Removal (CDR), which are key vehicles for climate change mitigation. 

 “The strategy presented by the European Commission recognises once again the crucial role carbon management is expected to play in Europe’s decarbonisation efforts alongside the deployment of renewables and other key climate mitigation options”, said Jarad Daniels, CEO of the Global CCS Institute. “The strategy sends a strong signal that carbon management technologies are part of the toolbox of solutions that need to be deployed widely and timely across Europe to reach the EU's legally binding target of climate neutrality by 2050” added Mr Daniels. 

While reiterating the need to develop at least 50 Mtpa of CO2 storage capacity by 2030, in line with the storage obligation proposed in the Net-Zero Industry Act, the European Commission’s assessment indicates that meeting the intermediate EU 2040 climate target and reaching climate neutrality by 2050 would require capturing approximately 280 Mtpa of CO2 by 2040 and around 450 Mtpa of CO2 by 2050. 

The Institute welcomes a comprehensive approach to industrial carbon management in the EU, as well as quantifiable and verifiable milestones to ensure that the Paris Agreement’s objective to limit global warming to 1.5°C stays within reach.  

“Setting clear targets is a crucial step to ensure predictability and further drive investment in those climate technologies that will be needed to reach Europe’s ambitious climate goals,” said Mr Daniels. 

CCS is an essential, proven and versatile climate mitigation solution able to decarbonise a wide range of sectors our modern society relies on, including energy-intensive industries with limited or no alternative options to decarbonise their hard-to-abate emissions. While Member States are best positioned to decide on the appropriate applications of CCS in the framework of their national decarbonisation strategies, the Institute encourages the application of CCS to all sectors covered by the EU Emissions Trading System (EU ETS). 

Establishing a functioning single market for industrial carbon management in line with the vision underpinned by the European Commission will require a timely development of the CO2 transport and storage infrastructure in the EU. 

The Institute welcomes the European Commission's plan to create an investment atlas of potential CO2 storage sites, which will be instrumental to map potential storage capacity and opportunities to build the necessary CO2 storage infrastructure across Europe. 

The Institute also welcomes the European Commission's intention to initiate preparatory work in view of a proposal for a possible future CO2 transport regulatory package. 

As legal certainty is crucial to influence investor’s confidence and boost investment in both CO2 transport and storage infrastructure, the Institute encourages the European Commission to prioritise the development and implementation of a fit-for purpose EU-wide CO2 infrastructure regulatory framework to complement the existing legislation on CO2 transport and storage. 

Driving CCS deployment across the region at the necessary scale will also require the adoption of a comprehensive policy approach able to create greater coordination and synergies between EU funds, national subsidies, private investments and enhanced demand for green products that could be leveraged by CCS projects.  

Finally, the Institute welcomes the European Commission's intention to work alongside Member States and industry to increase public understanding and awareness, as well as stimulate debate around industrial carbon management technologies. 

The Institute stands ready to work with the European Commission and all relevant stakeholders to promote efficient deployment of carbon management to achieve climate targets cost-effectively. 

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About the Global CCS Institute:  The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and deliver climate neutrality. For more information, visit www.globalccsinstitute.com 

Media Contact: Daniela Peta (Brussels, Belgium), daniela.peta@globalccsinstitute.com

Dubai, United Arab Emirates – In an effort to reduce emissions and drive industrial decarbonisation in Oman, the Government of Oman’s Ministry of Energy and Minerals (MEM) launched its CCUS and Blue Hydrogen Framework of which Petroleum Development of Oman (PDO) is a pivotal member. PDO, fulfilling its obligations, has partnered with the Global CCS Institute to support the development of a policy, legal and regulatory guidance that will support the deployment of carbon capture and storage (CCS) technology in the country.

As part of a CCS Work Programme, the Global CCS Institute – a leading international think tank with a commitment to support the deployment of carbon capture and storage – will lend its expertise to develop policy and regulatory guidance tied to CO₂ capture and storage opportunities. Announced at COP 28 in Dubai, UAE, the Work Programme aims to make way for the development of CCS demonstration efforts and commercial-scale CCS projects in Oman.

“Last year, the Government of Oman announced that the country would reach net zero by 2050”, said Dr. Firas Al Abduwani, Director General of renewable energy and hydrogen at MEM. “To achieve this target, we are keen to develop the right policy frameworks and tools needed to deploy key emission reduction solutions, including carbon capture and storage. By working with experts at the forefront of CCS, this Work Programme will allow us to do just that”, added Dr. Firas Al Abduwani.

Today, there are over 390 carbon capture and storage facilities in various stages of development around the world. Although that number is on the rise, CCS projects will need to increase by 100-fold for international climate targets to be reached by 2050.

“The Institute is committed to providing the insights needed to ensure countries with carbon intensive industries have the capability to decarbonise though CCS, and Oman is no exception”, said Mr Jarad Daniels, CEO of the Global CCS Institute. “The initiative taken by the Ministry of Energy and Minerals, alongside the team at PDO, is incredibly promising. We look forward to being part of this Work Programme and seeing CCS being built into Oman’s climate action plans”, added Mr Daniels.

The Work Programme will engage local stakeholders through regular meetings and workshops as production of the guidance document gets underway. The Work Programme is set to conclude in June 2024.

Pictured from left to right: Jarad Daniels, CEO of the Global CCS Institute, Firas Al Abduwani, Director General of Renewable Energy and Hydrogen at Oman’s Ministry of Energy and Minerals, Steve Phimister, Managing Director of Petroleum Development Oman

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About

The Ministry of Energy and Minerals (MEM) is the governmental body in the Sultanate of Oman responsible for developing and implementing the government policy for developing the oil, gas, alternative energy and minerals resources in Oman. For more information, visit www.mem.gov.om

Petroleum Development Oman (PDO) is the leading exploration and production company in the Sultanate of Oman. We deliver the majority of the country's crude oil production and natural gas supply, but above all we focus on delivering excellence, growth and sustainable value creation within and well beyond our industry. Gas fields and processing plants are operated by PDO exclusively on behalf of the Government. For more information, visit www.pdo.co.om

The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and deliver climate neutrality. Alongside its Members, the Institute drives the adoption of CCS as quickly and cost effectively as possible by sharing expertise, building capacity and providing advice and support so that this vital technology can play its part in reducing greenhouse gas emissions. For more information, visit www.globalccsinstitute.com.

Media Contact

Ruth Gebremedhin | Global CCS Institute

Ruth.gebremedhin@globalccsinstitute.com |+44(0)7950278261

Carbon capture and storage (CCS) has seen another year of expansive growth, according to research from the international think-tank the Global CCS Institute. The 2023 Global Status of CCS Report, released today, shows a significant surge in CCS projects across the globe with 198 new facilities added to the project pipeline this past year – a 102% increase. This is good news for climate action as world-leading climate and energy analysts agree that CCS is needed to meet global emission reduction goals.

In terms of both facility numbers and carbon dioxide (CO₂) capture capacity, the project pipeline for CCS is at an all-time high. The 41 CCS projects in operation now have an annual CO₂ capture capacity of 49 million tonnes per annum (Mtpa). Meanwhile, the total project pipeline capacity has expanded to 361 Mtpa of CO₂, a 50% increase from 2022 – the highest jump since 2018.

The Global CCS Institute's CEO, Jarad Daniels remarked on this progress saying: "The climate math is clear, carbon capture and storage (CCS) is an essential climate mitigation technology, without which it would be virtually impossible to achieve net-zero emission targets. However, the math also indicates that this past year's impressive step-up still has us near the bottom of the staircase, so to speak, and that CCS must reach gigatonne per annum (Gtpa) scale in order to reach our emission goals."

Indeed, authoritative analysis by the Intergovernmental Panel on Climate Change, the International Energy Agency, and others, consistently indicates that achieving global climate targets will require annual CO₂ storage rates of approximately 1 Gtpa by 2030 and multiple Gtpa by 2050.

"Policy makers, industry leaders, investors and the general public, are all feeling a growing urgency to address climate change, and that is accelerating many forms of mitigation, including CCS deployment, in leading regions around the globe. However, to meet our climate change mitigation targets global investment in CCS deployment this decade must grow even faster," said Mr. Daniels.

Other key takeaways from the Global Status of CCS 2023 report include:

• As of 31 July 2023, there are 41 commercial-scale CCS facilities in operation, 26 facilities in construction and 325 in various stages of development.
• Between 2022 and 2023, 11 new countries registered CCS facilities in various stages of development.
• The US still dominates CCS deployment, with 73 new facilities entering the pipeline in 2023. The UK, Canada and China increased their facility counts and remained in the top five CCS deployment countries. Australia now has 12 facilities in development.
• CCS deployment through networks has become the dominant pathway as networks deliver both economies of scale that reduce cost and business model synergies that reduce risk. The ongoing development of CCS networks has resulted in a new industry category of "CO₂ transport and storage" facilities in the Institute's dataset. In 2023, 101 of these facilities were identified globally.
• CCS is also becoming a more prominent feature of public policy, from inclusion in 27 countries' Nationally Determined Contributions (NDCs) to the provision of targeted policy to drive deployment and the drafting of appropriate regulations.
• CCS financing prospects have improved substantially in the past year in key jurisdictions due to increased policy support and other factors, including price signals, and there is every indication that the momentum will continue. This has precipitated a substantial increase in CCS investment, mostly in equity funding.

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Media Contacts 

US / North America

Jessica Oglesby

Jessica.oglesby@globalccsinstitute.com

Europe / MENA 

Ruth Gebremedhin

ruth.gebremedhin@globalccsinstitute.com

07950278261

Asia Pacific

Honor Iosif

honor.iosif@globalccsinstitute.com

Saudi Arabia Becomes a Member of a CCS-focused Think Tank to Further Drive Climate Targets

RIYADH, Saudi Arabia – The Global CCS Institute is pleased to welcome the government of the Kingdom of Saudi Arabia (KSA), represented by the Ministry of Energy, as the latest member to join the Institute. As a member of an international think tank focused on scaling up carbon capture and storage technology (CCS), Saudi Arabia reaffirms its commitment to tackling the climate challenge through collaboration, innovation and the adoption of proven technologies.

With a target to reach net zero by 2060, Saudi Arabia has a diverse portfolio aimed at reducing carbon emissions, including through the use of CCS. The Global CCS Institute is keen to work with the Saudi Arabian government to provide expertise to drive the accelerated deployment of CCS technology.

The membership signing ceremony took place during MENA Climate Week 2023, held in Riyadh. “Saudi Arabia is putting plans in place to develop large-scale projects that will have the capacity to capture and store millions of tonnes of CO₂ from industry, subsequently being poised to be a CCS leader in the Middle East and North Africa (MENA) region”, said Mr Jarad Daniels, CEO of the Global CCS Institute. “As the country shifts from CCS ambition to CCS action, we look forward to being an active part of that journey”, added Mr. Jarad Daniels.

The Global CCS Institute’s diverse membership is over 200 strong, spanning 33 countries, including 13 government members. Saudi Arabia’s Ministry of Energy, which is leading the government’s carbon capture and storage efforts, will work closely with the Institute on CCS capacity building.

“CCS is a needed technology that will drive a low-emission transition across hard-to-abate industries”, said HRH Prince Abdulaziz bin Salman. “In 2022, Saudi Arabia announced plans to develop one of the largest CCS hubs in the world, where 44 million tonnes of CO₂ will be mitigated annually through CCS efforts in the Jubail by 2035. Getting ambitions climate projects off the ground will require partnerships and region-specific expertise and knowledge, and being a member of the Global CCS Institute will enhance that further”, added, HRH Prince Abdulaziz bin Salman.

Although there are over 250 CCS facilities in various stage globally, that number will need to increase by 100-fold for international climate targets to be reached by mid-century. Saudi Arabia’s geological storage capacity makes the country an excellent candidate for CCS deployment and industrial decarbonisation efforts.

Attending the signing ceremony during MENA Climate Week, from left to right: Dr. Mohammad Abu Zahra, the Institute's Head of MENA Region, CEO of the Institute, Jarad Daniels, Khalid Abuleif, Chief Negotiator for the Climate Agreements at the KSA's Ministry of Petroleum and Mineral Resources, Faisal Al Musa, Director General at the KSA's Ministry of Energy, and Faisal Al Qurooni, CCE Manager at the Ministry of Energy

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About

The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and deliver climate neutrality. Alongside its Members, the Institute drives the adoption of CCS as quickly and cost effectively as possible by sharing expertise, building capacity and providing advice and support so that this vital technology can play its part in reducing greenhouse gas emissions. For more information, visit www.globalccsinstitute.com.

The Ministry of Energy oversees the activities of the sector through policy creation, regulation, and enablement. That includes a hydrocarbon strategy covering upstream and downstream activities (oil, gas, refining, and petrochemicals), electricity (conventional and renewables), and new vectors such as clean hydrogen and carbon management. The Ministry is responsible for developing these strategies and following up on their implementation, developing supporting policies for the energy sectors, and supporting decisionmakers through conducting studies on various strategies and policies. https://www.moenergy.gov.sa

Media Contacts

Global CCS Institute:

UAE: Mohammad Abu Zahra - mohammad.abuzahra@globalccsinstitute.com;  +971(0)45230880

UK and Europe: Ruth Gebremedhin – ruth.gebremedhin@globalccsinstitute.com; +44(0)7950278261

Kingdom of Saudi Arabia, Ministry of Energy:

Kingdom of Saudi Arabia: Sarah M. Mojadidi - Sarah.Mojadidi@moenergy.gov.sa, +966112232689

The Global CCS Institute welcomes the UK government’s decision to fund two additional carbon capture, usage and storage (CCUS) cluster projects to further support the UK’s climate targets.

The UK government has selected Acorn CCS and Viking CCS under the Track-2 cluster sequencing process. Funding for the two projects follows a £1 billion commitment made in 2020 to deploy a total of four CCUS clusters by 2030.

Based in northern Scotland, the Acorn project seeks to repurpose legacy oil and gas infrastructure to transport and store captured CO₂ under the North Sea. The Viking initiative aims to decarbonise England’s heavily industrialised Humber region, with a target to capture and store 10 million tonnes of CO₂ per year by 2030.

“The UK government pledged to develop four CCUS hubs and clusters by 2030 and this latest announcement firmly points to the government’s commitment to scale up CCUS and drive down emissions”, said Guloren Turan, General Manager of Advocacy and Communications with the Global CCS Institute. “Both the Acorn and Viking cluster projects will tackle CO₂ emissions in the UK’s industrial hot spots and support a just low-carbon transition on the road to net zero”, added Ms. Turan.

Further to Track-2 projects, both the East Coast Cluster in England’s Teesside and Humber area, along with the Hynet Cluster in North Wales and North West England, have previously been selected to receive funding for deployment under the Track-1 cluster sequencing process.

The UK government notes that the deployment of CCUS will have the potential to support 50,000 jobs. In addition to the £1 billion set aside to develop four CCUS clusters, the UK Spring Budget 2023 outlined £20 billion in investment towards the climate technology, cementing a commitment to support industrial decarbonisation through CCUS in the UK even further.

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About the Global CCS Institute: The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and deliver climate neutrality. For more information, visit www.globalccsinstitute.com

Media Contact: Ruth Gebremedhin (London): +44 7950278261 ruth.gebremedhin@globalccsinstitute.com

Today, the Global CCS Institute announced that it has hit a new milestone in the organization’s growth as it surpasses 200 members. The international thinktank has seen a period of record expansion over the past year with 65 new members added since April 2022.

Reflecting on this surge in support for carbon capture and storage, the Institute’s CEO Jarad Daniels observed that “It is becoming increasingly clear to many key organizations, from local industry to national governments, that CCS is an absolutely critical tool to help mitigate climate change and we cannot reach net-zero without significant deployment of Carbon Capture and Storage and Carbon Dioxide Removals.  This is especially true for some sectors like cement, steel, and fertilizer production where CCS provides the only viable path for deep decarbonization now.”

The now 202 organizations on the Institute’s membership roster reflect both the geographic and sectoral diversity within the CCS value-chain and across its stakeholders, representing 33 countries and including businesses that range from small start-ups to large energy conglomerates.

“Today’s announcement is a promising indicator that interest in CCS accelerating quickly”, continues Mr. Daniels, “While there is still much that needs to be done to reach the required scale for net-zero emissions, there has never been a more exciting time for CCS.  The Institute is grateful to all its members who support our work and we look forward to working together to help accelerate CCS deployment globally.”

Global CCS Institute Members by Country:

• United States – 68
• Japan – 32
• Australia – 25
• United Kingdom – 15
• Canada – 11
• Germany – 6
• China – 5
• France – 5
• Other – 35

Global CCS Institute Members by Industry:

• Engineering/Tech Services –44
• Technology Providers – 43
• Extractives – 37
• Industrial –19
• Governments – 12
• Power Producers – 14
• Research/Universities – 10
• Other – 23
  • Finance (6)
  • Shipping (6)
  • Associations (4)
  • Misc. (3)
  • NGOs/Unions (2)
  • Consulting (2)

RESOURCES

• Link to full membership list - https://www.globalccsinstitute.com/membership/our-members/
• Link to 2022 Global Status of CCS Report - https://status22.globalccsinstitute.com/
• Pie charts that show membership by country and by sector (below)

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About the Global CCS Institute:  The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and deliver climate neutrality. For more information, visit www.globalccsinstitute.com

Media Contact: Jess Oglesby (Washington D.C.) jessica.oglesby@globalcssinstitute.com

The Global CCS Institute welcomes President Biden’s call for accelerating carbon capture, utilization, storage, and removals (CCUS and CDR) at the Major Economies Forum (MEF); in addition to decarbonizing energy, ending deforestation and tackling non-CO2 pollutants.

“The Carbon Management Challenge announced by the White House will be a major catalyst in accelerating the deployment of carbon capture technology globally” says Jarad Daniels, CEO of the Global CCS Institute. He observes “Only a few days ago, the G7 energy and climate minsters’ communique demonstrated a united front in commitment towards carbon management and climate change mitigation, in scaling up this critical technology to gigatonne scale. Now, with the call to catalyse global climate action at the MEF, we are at a pivotal point to accelerate the deployment of all the necessary solutions to keep 1.5°C limit on warming within reach.”

The International Energy Agency (IEA) estimates that roughly 1.2 gigatonnes of CCUS and CDR will be needed by 2030 to limit warming to 1.5°C. According to the Institute’s CO₂RE database, currently there are 37 commercial facilities in operation with a capacity to capture and store 50 million tonnes of CO₂ per annum (mtpa). In addition, there are over 200 facilities in various stages of development, bringing the total capacity of the project pipeline close to 300 mtpa. This means that the current pipeline of projects would need to grow by 4x by 2030 to put us on the right trajectory for net-zero emissions by mid-century.

Mr. Daniels says: “Carbon management will continue to play multiple, unique roles in decarbonising the global economy, both in reducing and removing emissions.  We anticipate even more strategic partnerships and public-private collaboration driving its deployment and stand ready to support governments and businesses in accelerating the scale-up of this critical climate technology.”

Read the full announcement from the White House here:

• FACT SHEET: President Biden to Catalyze Global Climate Action through the Major Economies Forum on Energy and Climate (April 20, 2023)

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About the Global CCS Institute:  The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and deliver climate neutrality. For more information, visit www.globalccsinstitute.com

Media Contact: Jess Oglesby (Washington D.C.) jessica.oglesby@globalcssinstitute.com

The Global CCS Institute welcomes a recently released communique from the Group of Seven (G7) Climate, Energy and Environment Ministers calling for the large-scale deployment of carbon capture and storage (CCS), among other climate mitigation measures, to reduce emissions and reach net zero rapidly.

In the communique, the G7 highlights the need to expand CO₂ storage and transport infrastructure to drive decarbonisation efforts from industry, and noted the potential of hubs as an avenue for CCS deployment. The G7 also pledges to work collaboratively to develop mechanisms that will enhance the import and export of CO₂, and create systems that will further incentivise CO₂ utilisation.

“The G7 has shown a united front in its commitment towards CCS and climate change mitigation, which can inch CCS technology into reaching gigatonne scale”, says Guloren Turan, General Manager of Advocacy and Communications with the Global CCS Institute. “For CCS to play its needed role in the net-zero transition and for CCS deployment to scale up faster, international collaboration is key. The communique released by the G7 reflects more of what is needed in the dialogue and diplomacy surrounding the critical technology”, Turan added.

The G7 notes that alongside scaling up CCS, members will also work to strengthen and harmonise the measurement, reporting and verification of emissions reductions driven through carbon dioxide removal (CDR) technologies, including CCS technologies such as direct air carbon capture and storage (DACCS).

Further to CCS, the communique makes mention of a wide range of solutions that G7 members say can further tackle the climate challenge and spur sustainable economic growth, such as carbon markets and carbon pricing.

The G7 members include the United States, Canada, France, Germany, Italy, Japan, and the United Kingdom, with the EU – a supranational organisation – included as a non-enumerated member. The communique follows a three-day meeting among G7 members in Japan.

The Global CCS Institute, a leading climate-think tank, is working with and on behalf of its members, three of which are G7 countries, to drive the adoption of CCS as quickly and cost effectively as possible in order to reach climate neutrality.

Read here for more on the G7 communique.

About the Global CCS Institute:  The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and deliver climate neutrality. For more information, visit www.globalccsinstitute.com

Media Contact: Ruth Gebremedhin (London): +44 7950278261 ruth.gebremedhin@globalccsinstitute.com

The UK government has selected 8 projects from its Track-1 cluster sequencing process for carbon capture, utilisation and storage (CCUS) to proceed to negotiations for government support. This represents Phase 2 of the Track-1 cluster sequencing process that previously established the HyNet Cluster and the East Coast Cluster as funding recipients.

The 8 projects cover a range of innovative CCUS technologies, 3 of which fall under the East Coast Cluster and 5 tied to the HyNet Cluster. The selected projects from the Track-1 Project Negotiation List include the following:

East Coast Cluster projects:

• Net Zero Teesside Power
• bpH2Teesside
• Teesside Hydrogen CO₂ Capture

HyNet Cluster projects:

• Hanson Padeswood Cement Works Carbon Capture and Storage Project
• Viridor Runcorn Industrial CCS
• Protos Energy Recovery Facility
• Buxton Lime Net Zero
• HyNet Hydrogen Production Plant 1 (HPP1)

In addition to the progress made on Track-1 efforts, the UK government officially launched its Track-2 cluster sequencing process that will establish two additional clusters to transport and store at least 10 Mt of CO₂ per year by 2030. Scotland’s Acorn CCS Project, and the proposed Vikings CCS effort in England, are both being eyed as the leading contenders for funding.

“This next step to support industrial decarbonisation is incredibly promising and illustrates that the UK government is committed to having carbon capture, utilisation and storage play a strong role in the low carbon transition”, said Guloren Turan, General Manager of Advocacy and Communications with the Global CCS Institute. “With a current target in the UK to curb 20-30 million tonnes of CO₂ per year through CCUS by 2030, the projects established through the cluster sequencing process will help make good on that effort”, added Turan.

The UK government’s CCUS commitments are part of its broader climate target to reach net zero by 2050, which was signed into law in 2019.

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About the Global CCS Institute:  The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and deliver climate neutrality. For more information, visit www.globalccsinstitute.com

Media Contact: Ruth Gebremedhin (London): +44 7950278261 ruth.gebremedhin@globalccsinstitute.com

The Global CCS Institute welcomes the UK government’s new carbon capture and storage (CCS) funding commitment, as announced by Chancellor Jeremy Hunt during the release of the Spring Budget 2023. As outlined in the budget, the government commits to investing £20 billion to scale-up CCS projects across the UK.

The new funding will be rolled out over a period of twenty-years, and will support the development of CCS initiatives, particularly in North Wales, North West of England and the East Coast. The announcement builds on the governments cluster sequencing process, where £1 billion was previously announced to scale-up CCS efforts, selecting the Hynet Cluster and the East Coast Cluster as initial beneficiaries.

A short list of CCUS projects for deployment will be announced in late March. The government also intends to allow for more CCS projects to enter the selection process for Track 1 clusters, which aims to see two clusters deployed by the mid-2020’s. The budget further states that two additional CCS clusters will be selected through a Track 2 process, with further details upcoming.

“This new funding commitment will lead to significant emissions reductions from industry across the UK, and will ensure that CCS clusters will play their part in tackling the climate crisis”, said Guloren Turan, General Manager of Advocacy and Communications with the Global CCS Institute. “This £20 billion pledge will also provide investors with the confidence they need to pursue their CCS ambitions. The Institute keenly looks forward to the upcoming projects that will be part of the cluster sequencing process overall”, added Turan.

The UK governments CCS efforts is part of its broader climate target to reach net-zero by 2050, which was signed into law in 2019. During the budget announcement, Chancellor Jeremy Hunt re-affirmed the governments aim to capture 20-30 million tonnes of CO₂ per year through CCS by 2030, and anticipates 50,000 jobs will be supported through CCS investment.

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About the Global CCS Institute:  The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and deliver climate neutrality. For more information, visit www.globalccsinstitute.com

Media Contact: Ruth Gebremedhin (London): +44 7950278261 ruth.gebremedhin@globalccsinstitute.com 

The Global CCS Institute said the Australian Federal Budget, although containing important measures across climate, was lacking the necessary support for carbon capture and storage (CCS).

Alex Zapantis, General Manager – Commercial at the Global CCS Institute, said CCS is critical to achieving climate targets and requires a range of incentives to reach necessary scale.

“CCS is critical to achieving global climate neutrality and will play an important role in achieving national net-zero targets,” said Mr Zapantis.

“Australia is well placed to play a leading global role in lower-carbon LNG, clean hydrogen, and carbon dioxide (CO₂) storage as a service, all made possible by CCS. Not only is the technology suite essential to reducing CO₂ emissions, CCS investment also offers significant social and economic benefits, most notably a just transition for communities reliant on carbon-intensive industries.”

“The Institute recognises and welcomes ongoing support for CCS in hard-to-abate industrial sectors and negative emissions and funding for the Middle Arm Sustainable Development Precinct in the Northern Territory. However, funding previously committed to CCS should have been realised. The Government’s decision places it in stark contrast to other advanced economies that are providing significant support for CCS, recognising its importance to climate ambition and economic prosperity.  The European Union and the governments of the Netherlands, Denmark, Norway, the UK, USA and Canada are each providing billions of dollars to support CCS investment and secure the future of their heavy industry.”

“Domestic policy settings must attract private capital to deploy CCS at necessary scale, requiring a range of incentive mechanisms. Coupled with the strengthening of the Safeguards Mechanism and access to Australian Carbon Credit Units (ACCUs), funding for CCS is necessary to provide confidence for investors.”

“Decarbonising the Australian economy without CCS is nearly impossible. Without government support at this critical juncture, the transition will be far more costly and volatile, particularly for our regions.”

CCS is proven and well understood, with 30 operational facilities around the world with a cumulative capture capacity of more than 40 million tonnes of CO₂ per year. A recent report from the Institute revealed momentous growth in the CCS project pipeline, with 196 facilities in various stages of development around the world and improving policy environments from governments.

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Matt Steyn (Melbourne): +61 405 018 007 matt.steyn@globalccsinstitute.com

About the Global CCS Institute: The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and provide energy security.