European Commission – Carbon Capture, Utilisation and Storage in the European Union, Nov 2024

The European Commission has released a report detailing the current status, value chains, and market positions of carbon capture, utilisation, and storage (CCUS) technologies within the European Union. The report highlights that in 2022, the CCUS industry experienced unprecedented growth, with global venture capital investment more than doubling from 2021 to 2022, and the US attracting the most investments. The EU, along with the US and Japan, filed the most high-value inventions in this field. The report also notes that costs vary widely depending on the host industry, technology, location, plant design, and regulatory frameworks. This underscores the importance of tailored approaches to effectively implement CCUS technologies across different sectors.