Global CCS Spend to Reach $20 Billion?
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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
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?
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