A global boutique consultancy, we serve our clients in two ways: via client directed projects (TCG Consulting) and via various programs and studies (TCG Resources).

Industrial Decarbonization via CCUS: Commercial Directions and Market Potential for Net Zero

New Select-Client Study Proposal

View Proposal Here (PDF format)

Industrial Decarbonization via CCUS: Commercial Directions and Market Potential for Net Zero

From the organizers of the CO2 Capture and Conversion (CO2CC) Program: an original strategic market intelligence CCUS study by TCGR. Today, CCUS is a relatively small industry, capturing just 40 million tons per year of CO2. According to the IEA, to reduce global energy sector emissions to zero, the world must follow a track to capture 1.6 billion tons (Gt/yr) by 2030, 7.6 Gt/yr by 2050, and 10+ Gt/yr of CO2 per year by 2070. That means today’s carbon capture volumes need to scale up over 100 times in less than 30 years and 200 times in 50 years.

CCUS has been identified as necessary for reaching net zero goals, but the world isn’t on track. Full scale deployment has stalled, stemming from high capital and operating costs, unsuccessful demonstration projects, and uncertainty around the efficacy of permanent sequestration. Policy and investment have lagged, with confusion over government’s role, carbon prices, and regional regulations, combined with technological hold ups and public perception, leading to slowed investment. Innovative cost saving technologies are needed alongside industry workhorse amine solvents, like new solid-state adsorption and membranes and technologies such as oxyfuel combustion, chemical looping, and direct air capture (DAC).

The need for TCGR’s study

  • Document current technology and the need for alternatives including solid adsorbents and membranes – all with the same goal of lowering capture costs
  • Quantify the market potential for CCUS technologies with a first of its kind market study
  • Overview the techno-economics and carbon footprints of various technological approaches
  • Find pathways to profitable CCUS business models that aren’t reliant on government funding

What’s included in the study?

The progress of major projects for large scale CCUS has been significant in recent years, bolstered by numerous developments:

  • The Northern Lights project will ship and pipeline up to 5 Mt/y of captured industrial CO2 emissions across borders. Key players include Shell, TotalEnergies, and Equinor.
  • ExxonMobil is leading efforts to build a capture and storage hub located at the Houston Ship Channel, with the ability to store 500 Gt of CO2.
  • In the Steel Industry, ArcelorMittal, Mitsubishi, and BHP are partnering to trial carbon capture technology at a steel plant in Gent, Belgium.
  • Led by countries like Indonesia and Singapore, CCS/CCUS project announcements are increasing in Asia. Sinopec is a leader in China in carbon capture and EOR.

TCGR’s Qualifications in CCUS

Building on over a decade of experience managing the CO2 Capture & Conversion Program, TCGR is now offering a unique market-based, practical assessment into the CCUS landscape. TCGR will leverage its access to CCUS experts that have decades of industry experience via its DIALOG GROUP® (a mixture of commercial and technical) in completing this study.

This proposed Select-Client Study, a PDF file of a PowerPoint deck of ~70-75 slides, for the industry, by the industry, is scheduled for completion 10-12 weeks following its launch.

* * * * *

Current members of the CO2CC Program are entitled to a discount off the subscription rate. Additional information, including the complete study proposal,
the preliminary Table of Contents and the Order Form, is available here or by contacting Chris Dziedziak at +1.215.628.4447 or cdziedziak@catalystgrp.com.

* * * * *

As it does in each of its industrially focused select-client studies, TCGR will seek input from “charter” subscribers (i.e., those who sign up prior to study launch) to help shape the report’s final scope/TofC by delineating areas of importance), as depicted in the preliminary Table of Contents.

Download PDF