GITNUX MARKETDATA REPORT 2024

The Most Surprising Carbon Capture Industry Statistics in 2024

Statistic 1

"CO2 capture rates for power plants using CCS can reach as high as 90%."

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Statistic 2

"Enhanced oil recovery (EOR) accounts for approximately 70% of the industrial use of captured CO2."

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Statistic 3

"CCS deployment could create up to 100,000 jobs globally by 2030."

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Statistic 4

"The cost of capturing one ton of CO2 can range from $15 to $120 depending on the technology used."

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Statistic 5

"Direct air capture (DAC) can capture atmospheric CO2 at a cost of around $100-$150 per ton."

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Statistic 6

"The Gorgon Project in Australia is one of the world's largest CCS projects, anticipated to capture and store around 4 million metric tons of CO2 per year."

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Statistic 7

"The Petra Nova project in Texas, USA, captures around 1.4 million metric tons of CO2 per year."

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Statistic 8

"Over 70% of CCS projects in development are linked to natural gas processing and chemical production."

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Statistic 9

"By 2030, an additional 2,000 CCS facilities need to be operational globally to meet climate targets."

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Statistic 10

"The global carbon capture and storage (CCS) market was valued at approximately $2 billion in 2020 and is expected to reach around $5.3 billion by 2027."

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Statistic 11

"By 2050, CCS could reduce global CO2 emissions by up to 19%."

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Statistic 12

"As of 2021, there were 27 commercial CCS facilities operating worldwide."

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Statistic 13

"Over $15 billion have been invested globally into CCS projects as of 2021."

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Statistic 14

"The Middle East and Africa CCS market is expected to grow at a CAGR of 14.6% from 2020 to 2025."

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Statistic 15

"The cost of CCS could be reduced by 75% by 2050 with technological advancements."

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Statistic 16

"Around 100 million metric tons of CO2 per year will need to be captured and stored by 2050 to meet the IPCC's 1.5°C warming target."

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Statistic 17

"In 2021, there were about 60 new CCS projects announced worldwide."

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Statistic 18

"The Global CCS Institute reported that 40 million metric tons of CO2 were captured in 2020."

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Statistic 19

"North America holds the largest share of the CCS market, accounting for over 60% of the installed CO2 capture capacity."

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Statistic 20

"The European Union aims to store 50 million metric tons of CO2 annually by 2035."

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