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Energy system
Chemicals
Country and regional highlights
Important steps to deploy low-emissions chemicals production technologies are being taken in several regions
CO2 emissions
CO2 emissions must decouple from production by 2030 to get on track with the NZE Scenario
Energy
Energy consumption for feedstock will continue to rise with production, but process energy intensity declines rapidly in the NZE Scenario
Activity
Primary chemical production is set to keep growing in the NZE Scenario
Innovation
Supporting infrastructure
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Energy system
CO2 Capture and Utilisation
Country and regional highlights
CCUS and synthetic fuel policies are being strengthened in the United States and Europe
CO2 emissions
CO2 use can bring important climate benefits, but with caveats
Activity
CO2 use for synthetic fuels remains the leading new utilisation route
Technology installation and infrastructure
CCU supply chains can benefit from synergies with fossil-based synthetic fuel production and CCS
Innovation
Policy
Investment
Venture capital investment in CCU continues to grow
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Energy system
CO2 Transport and Storage
Country and regional highlights
Development in major regions has advanced significantly in 2023, and some countries have announced first-ever projects
Activity
Dedicated CO2 storage capacity is matching capture plans as infrastructure-specific announcements surge
Technology deployment
Pioneering shipment of CO2 for dedicated storage in Europe paves way for future CO2 shipping ventures
Innovation
Policy
Government support for CO2 transport and storage infrastructure is growing
Acknowledgements
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Energy system
Direct Air Capture
Country and regional highlights
The United States is leading the race on policy support for DAC
CO2 capture
DAC plants currently operate on a small scale, but with plans to grow
Energy
How can we capture CO2 directly from the atmosphere?
Innovation
A small but growing DAC technology portfolio is emerging
Supporting infrastructure
DAC deployment for carbon removal relies on the availability of low-carbon energy sources and CO2 storage
Policy
Government support for DAC is growing in major markets
Investment