Solutions that capture CO2 from flue-gas stacks including both industrial stacks and vehicle tailpipes.

Solutions that capture CO2 from ambient air, including from indoor spaces.

Solutions that “recycle” captured CO2 to produce sustainable fuels

Solutions that “recycle” captured CO2 to produce commercial products other than sustainable fuel, such as proteins, plastics, building materials, etc.

Solutions that permanently store captured CO2 underground.

Clear the air on carbon capture, reuse, and storage

Carbon Capture, Utilization, & Storage (CCUS)

Overview

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  <p>
    Climate efforts so far have had limited tangible results, and global emissions have continued to increase every year, as current efforts to reduce emissions from hard-to-decarbonize industries such as oil and gas, power, steel, cement, fertilizers, etc., have been inadequate. Carbon capture is one method that can remove carbon dioxide (CO2) emissions from these heavy industries. Moreover, newer technologies like direct air capture (DAC) can also reduce the carbon footprints of industries that do not have active flue-stacks, such as construction and data centers, as well as non-stationary emissions from transportation. Carbon capture technologies, along with utilization and sequestration, would play a vital role in quickly decarbonizing economies over the next few decades to reach aggressive zero-emission targets. 
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The US CCUS market could reach USD 2.2 billion–6.4 billion by 2026

Market Sizing

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  <ul>
    <li>
      <p>
        Lake Charles Methanol and Enchant Energy reported operational delays.
      </p>
    </li>
    <li>
      <p>
        TerraCOH, Oakbio, and CarbiCrete received COVID-19-led funding through government grants and relief programs for working capital needs.
      </p>
    </li>
    <li>
      <p>
        LanzaTech and Prometheus Fuels developed medical supplies such as carbon dioxide (CO2)-based sanitizers and face shields to combat COVID-19. 
      </p>
    </li>
    <li>
      <p>
        Pond Technologies’ and DyeCoo’s technologies were utilized in pandemic prevention to produce algae-based antigen test kits and sustainable masks.
      </p>
    </li>
  </ul>
  <p>
  </p>
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COVID19-IMPACT

Market Mapping

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  <h3>
    <b>Carbon utilization leads an industry full of seed and pre-seed startups</b>
  </h3>
  <p>
    The next-gen carbon utilization segment has the highest number of startups followed by direct air capture (DAC) and flue-gas capture. This is likely due to the various pathways available to turn captured carbon dioxide (CO2) into valuable commercial products. 
  </p>
  <p>
    There are only a few carbon sequestration startups, possibly due to challenges in commercial feasibility. The economic gain from storing captured CO2 underground is limited compared to converting it into commercial products. Meanwhile, a higher number of pre-seed and seed-stage startups suggests that the industry is at a very nascent state. 
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The Disruptors

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  <h3>
    <b>Disruptors are well funded and have long been in business </b>
  </h3>
  <p>
    The industry is well-funded. The average funding among CCUS disruptors (startups that have raised more than USD 3 million) is around USD 50 million. LanzaTech is the highest funded, having raised nearly twice as much as the next highest, Svante. Climeworks, Carbon Engineering, and Solidia Technologies are some of the others to raise more than USD 100 million. 
  </p>
  <p>
    CCUS disruptors also seem to have long operational histories despite being in a nascent industry. An average disruptor has been in operation for nearly ten years, while some of them are yet to go to market. These longer development timelines suggest the need for heavy innovation in the industry.
  </p>
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Disruptor Funding History

The Incumbents

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  <h3>
    <b>Oil and gas players dominate flue-gas capture, while incumbent presence is limited across other segments</b>
  </h3>
  <p>
    Incumbents dominate the flue-gas capture segment, with leading oil companies like Shell, ExxonMobil, and Oxy attempting to maintain the circularity of their operations by capturing and utilizing carbon dioxide (CO2) in enhanced oil recovery (EOR). Meanwhile, companies like Dakota Gas and Air Products capture CO2 from their operations and sell it to third-party EOR operators. Incumbent activity across direct air capture (DAC), next-gen carbon utilization, and carbon sequestration segments are largely limited. 
  </p>
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Carbon Capture, Utilization, & Storage (CCUS)

Carbon Capture, Utilization, & Storage (CCUS)

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