2023 will be a key year for carbon capture and storage

This year will move from announcements to action, and Wood Mackenzie expects up to 90 projects to reach the final investment decision.

Carbon capture, use and storage (CCUS) is not a new concept: industrial-scale projects have been around for more than half a century. But it’s picking up pace. CCUS’ global project portfolio has grown by more than 50% throughout 2022 and announcements across all sectors show incredible momentum. But more is needed for companies and countries to reach their net-zero targets.

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