WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 199
Market Data
Physical Energy Flows
ENERGY IN
THE REGIONS
FIGURE 6
•
Around 20 commercial-scale CCUS projects
reached FID in 2023 across seven countries
•
CCUS investment could increase nearly
tenfold to $26 billion by 2025
•
Global CO₂ capture capacity would increase
to 430 Mt CO₂/year and storage capacity to
620 Mt CO₂/year by 2030
•
Investment in DAC projects will rise to $660
million in 2024, with the Stratos project in
Texas targeting a capacity of 500 kt CO₂/
year by mid-2025
CCUS investment pipeline by type (left) and region (right) based on announced projects
Billion $ (2023, MER)
40
40
30
30
20
20
10
10
2025
2018
2021
2024e
2027e
2030e
2018
2015
2021
2024e
2027e
Oil and gas supply
Biofuels
North America
Europe
Power generation
Hydrogen production
China
Other Asia Paci昀椀c
Industry and re昀椀ning
CO₂ infrastruture
Middle East
Other
Direct air capture
Source: World Energy Investment 2024
2030e
199
$20bn in public funding was allocated to CCUS projects in 2023, including $1.7bn from the USA,
$1.2bn from Denmark, and over $500mn from the EU
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