CCS momentum growing across the globe The Global CCS Institute has revealed that there is significant year-on-year momentum for carbon capture and storage (CCS) projects globally, with installed capture capacity expected to double in the coming years. These findings were published in the organisation’s Global Status of CCS 2024 report which shows that there are 628 projects in the pipeline across the globe (an increase of 236 projects compared to last year). The cumulative CO 2 capture capacity for all of these projects stands at 416Mtpa. Currently, the facilities in operation have a capacity to store 51Mtpa but, when facilities currently under construction commence operations, this will climb to more than 100Mtpa. In the Middle East and Africa region, the Global CCS Institute indicated that CCS project development has evolved from application in enhanced oil recovery to focus on industrial decarbonisation and low- carbon fuel development. As such, projected regional CCS capacity is at least 65Mtpa by 2050. “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,” remarked Jarad Daniels, CEO of the Global CCS Institute. “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.” The Global CCS Institute called for all stakeholders to maintain the momentum. 3 Issue 7 2024 | oilreviewmiddleeast.com news Image Credits: Global CCS Institute (top left); ADNOC (top right); Adobe Stock (bottom)