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Wednesday

30/22

Global CCS Spend to Reach $20 Billion?

Inside this issue

Last week, Rystad Energy published its Global CCS Spend by sector through 2025. Rystad projects $4.4 billion in 2022, $11 billion in 2023, and near $20 billion in 2024 and 2025.

Based on already announced projects, nearly 140 CCS plants could be operational by 2025, capturing at least 150 million tpa of CO2 if all projects move ahead as scheduled. Source: Rystad Energy

Global CCS Spend

Across the Energy industry, enthusiasm and optimism reigns when capital is available during the early stages of a cycle. CCS and related services are no different.

A couple of questions to consider:

  • What is the distribution of CCS project size globally?
  • Is this the high-case spend estimate since the analysis assumes all projects move ahead as scheduled? What would you consider the low-case?
  • What if only 1/3 of the projects are operational in 2025? Historical data suggest that not all projects
  • What impact will the 2022 spend have on your expectations of future spend?

Inside this Issue

🔌 David Energy Secures $20.5 Million Series A Financing to Scale Its Bundled Offering
✈️ United Airlines Wants To Make Jet Fuel From Thin Air
📈 EIA projects that renewable generation will supply 44% of U.S. electricity by 2050
🔋 This startup’s novel tech promises to boost battery capacity for EVs
🛣 CarbiCrete secures $12 million upon venture capital phase arrival
🏭 Carbon capture and storage service spending to total more than $50 billion globally by 2025

Articles in this issue

David Energy Secures $20.5 Million Series A Financing to Scale Its Bundled Offering

www.businesswire.com
David Energy, a software-enabled retail electricity provider, today announced the closing of a $20.5 million Series A round of funding, c...

United Airlines Wants To Make Jet Fuel From Thin Air

simpleflying.com
Today, United Airlines Ventures (UAV), along with Oxy Low Carbon Ventures (OLCV), announced a collaboration with Cemvita Factory. The pur...

EIA projects that renewable generation will supply 44% of U.S. electricity by 2050

www.eia.gov
In our Annual Energy Outlook 2022 (AEO2022) Reference case, which reflects current laws and regulations, we project that the share of U.S...

This startup’s novel tech promises to boost battery capacity for EVs

techcrunch.com
Five years ago, Jonathan Tan and Roger Basu were on the hunt to find an industry where they could take their expertise in thin-film techn...

CarbiCrete secures $12 million upon venture capital phase arrival

concreteproducts.com
CarbiCrete, developer of a mix design and curing methodology capturing up to 150 kg (330 lbs.) of carbon dioxide emissions for every metr...

Carbon capture and storage service spending to total more than $50 billion globally by 2025

www.rystadenergy.com
Service sector spending on carbon capture and storage (CCS) developments is set to skyrocket this decade, quadrupling from 2022 to 2025, ...

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