cement and steel production).īioenergy with carbon capture and storage (BECCS) and direct air capture (DAC) with CO 2 storage are key carbon dioxide removal technologies. Based on the current project pipeline, by 2030 annual capture capacity from both new construction and retrofits could amount to around 90 Mt CO 2 from hydrogen production, around 80 Mt CO 2 from power generation and around 35 Mt CO 2 from industrial facilities (e.g. Currently, around 65% of operating CO 2 capture capacity is at natural gas processing plants, one of the lowest-cost CO 2 capture applications, but new CCUS developments are increasingly targeting other applications. The widespread adoption of economy-wide decarbonisation targets for 2050 is stimulating the diversification of CO 2 capture applications.
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