DNV: 15% of Shipboard Carbon Emissions Will Be Captured With CCS by 2050

DNV: 15% of Shipboard Carbon Emissions Will be Captured With CCS by 2050

Industrial carbon capture and storage is about to take off, according to DNV. Capacity will quadruple with $80 billion in investment by 2030, and will continue to expand through 2050, DNV predicts - and shipping will be along for the ride.  The concept of carbon capture has been on the table since the beginning of the drive for decarbonization, but the technology is beginning to gain traction, particularly in regions where it is incentivized by …

Turning point for CCS is now, DNV report finds, with global capture and storage capacity expected to quadruple by 2030 (DNV AS)

) Up to the end of the decade, cumulative investments in CCS are expected to reach USD 80 billion (£60bn). Recent turmoil and budgetary pressure in the global economy pose risks to CCS deployment, potentially shifting priorities and removing necessary finance needed. CCS will grow to capture 6% (1,300 MtCO2/yr) of global CO2 emissions in 2050, which falls significantly short of what is needed for any net-zero outcome. Cumulative investment in ca…

CCS Capacity to Quadruple by 2030, DNV Report Finds

DNV has published a report forecasting that carbon capture and storage (CCS) capacity is expected to quadruple by 2030, with…

DNV: Turning Point Arrives for CCS

The Northern Lights joint venture and Occidental’s 1PointFive are among the companies moving CCS projects forward.

CCS capacity to quadruple by 2030 but still far off net zero needs, says DNV

Carbon capture and storage (CCS) is approaching a critical turning point, according to DNV’s latest report. Global capture and storage capacity is expected to quadruple by 2030, with cumulative investment reaching $80 billion over the next five years. Despite this momentum, DNV warns the scale of deployment still falls well short of what is needed to meet net-zero targets. “Carbon capture and storage technologies are a necessity for ensuring tha…