CCUS is a real technology that is proven today.

Globally, CCUS is being deployed now: there are now eighteen operational large scale facilities ranging from applications in chemicals, iron and steel, gas processing and power generation.

There are also hundreds of smaller scale CCUS projects and research centres operating around the world. CCUS is proven, but it is estimated that global deployment of CCUS needs to increase significantly from the eighteen operational today to thousands of large-scale facilities by 2060.

The challenge is to find cost effective, investable and sustainable pathways to enable commercial deployment of CCUS technologies.

This challenge is compounded by an investment gap from both the public and private sectors. Of the $850 billion invested in low carbon energy worldwide in 2016, only 0.1% was invested in CCUS. Putting in place a sustainable commercial pathway for CCUS can help unlock this investment and is an opportunity for those leading on CCUS.