Economic Potential of DACCS and Global CCS Progress slide image

Economic Potential of DACCS and Global CCS Progress

[7] 150 CAPACITY OF CCS FACILITIES CO2 (Mtpa) 100 50 50 250 200 300 3.1 GLOBAL FACILITIES AND TRENDS New CCS projects have been announced each month in 2022. As of September 2022, there are 196 (including two suspended) projects in the CCS facilities pipeline. This is an impressive growth of 44 per cent in the number of CCS facilities since the Global Status of CCS 2021 report and continues the upward momentum in CCS projects in development since 2017. Figure 3 shows the increase in the capacity of CCS projects from 2010 until September 2022 (the final bar represents the project development status as of mid-September 2022). In 2022, the Institute has formally adopted a revised approach to estimating total CCS capacity (see below). EARLY DEVELOPMENT IN CONSTRUCTION 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 YEAR 2020 2021 2022 ADVANCED DEVELOPMENT OPERATIONAL FIGURE 3: PIPELINE OF COMMERCIAL FACILITIES SINCE 2010 BY CAPTURE CAPACITY (MTPA) * 2021 capacities adjusted to reflect this year's change to how capacity tonnages are interpreted, to facilitate comparison with 2022 figures. 1 This includes dedicated transport and storage projects. NUMBER OF FACILITIES OPERATIONAL IN CONSTRUCTION ADVANCED DEVELOPMENT EARLY DEVELOPMENT 30 11 78 75 75 OPERATION SUSPENDED CAPTURE CAPACITY (Mtpa) 42.5 9.6 97.6 91.8 2.3 243.9 TOTAL 2 196 FIGURE 4: COMMERCIAL CCS FACILITIES BY NUMBER AND TOTAL CO₂ CAPTURE CAPACITY (MID-SEPTEMBER 2022) The facility counts in Figure 4 also include transport and storage projects that do not include capture. These provide essential infrastructure for the industry to develop. As explained in the notes below, they do not contribute to capture capacity tonnage figures, to avoid double-counting of project capacities. GLOBAL CCS INSTITUTE
View entire presentation