Global deployment of carbon capture projects isn’t keeping pace with developers’ plans, according to a Texas-based analytics firm.
In a new report, Enverus Intelligence Research (EIR) found that only 29 percent of carbon capture, utilization and storage projects scheduled for a 2024 in-service date are actually operational.
The results reflect “a widening gap” between announced capacity and real-world deployment, the firm said, and the outlook in 2025 is even tougher. Of projects with a 2025 in-service date, only two percent are online, and 13 percent are under construction, the report showed.
“This isn’t a single issue, it’s a combination of slow permitting, public opposition and tricky project economics forcing developers to rethink megaprojects in favor of smaller, more manageable builds,” said Graham Bain, a principal analyst with EIR, in a news release this week.
