The number of carbon capture facilities operating worldwide rose by 54 percent over the past year as policy uncertainty lingers in the United States, the Global CCS Institute said in its latest annual report.
In a report published Thursday, the Australia-based think tank said 77 commercial-scale carbon capture and storage (CCS) projects are in operation — up from 50 in last year’s assessment. An additional 47 projects are under construction, the analysis found.
More than 600 other projects are under development, either in early or advanced stages, according to the report.
Jarad Daniels, CEO of the Global CCS Institute, said Thursday during a webinar that carbon capture on a large scale is not aspirational but “essential.” Operational CCS projects today are capable of cumulatively trapping some 64 million metric tons of carbon dioxide per year, the institute said.
