Global carbon capture & storage market to be worth $7.78bn in 2013

Wednesday 29 January 2014, Amsterdam

Analysis indicates that the global carbon capture & storage market will reach a value of $7.78bn in 2013, as governments and industries along with research institutions invest their resources into curbing greenhouse gas emissions, particularly at coal burning power stations which produce low cost energy but with higher air pollution than any hydrocarbon energy source.

The Global carbon capture and storage market is therefore forecast to record moderate and continuous growth over the next decade, as utility companies, gas and chemical processing plants and power companies try to mitigate their imposed costs of carbon emissions and plan future rises in imposed costs into effect.

The lead analyst of the Carbon Capture & Storage Market report commented that ‘Industrial emissions of greenhouse gases play a significant role in polluting air in some of the most advanced nations around the globe and governments seem to play a more proactive role in implementing policies that take the cost of pollution into account. Carbon capture and storage projects are gradually being implemented; however current projects are predominantly curbed to where CO2 can be used as a commodity or policy is particularly punishing.’

The report contains 216 tables, charts and graphs that add visual analysis in order to explain developing trends within the carbon capture & storage market. This new report provides forecasts for the period 2013-2023 in terms of value (US$) for the global carbon capture and storage market and its 3 submarkets (CO2 capture, CO2 transmission, CO2 storage). In addition, 9 national markets are forecast and analysed over the period 2013-2023 and major carbon capture and storage projects in 13 countries in the rest of the world. The report provides profiles of 23 leading companies operating within the market, and includes 4 interviews with principal carbon capture and storage companies, providing expert insight alongside analysis.

The Carbon Capture & Storage Market 2013-2023 will be of value to current and future potential investors in this industry, as well as companies and research centres who wish to broaden their knowledge of the Carbon Capture & Storage market.