IHS Chemical Week

People & Business :: Energy and Feedstocks

Carbon Capture and Storage Tech Market to Reach $389 Billion in 2014

10:02 AM MDT | July 20, 2011 | Alex Scott

The global market for carbon capture and storage (CCS) technologies is forecast to experience a compound annual growth rate of 25.4% during the next five years, rising to $389 billion in 2014, up from $125 billion in 2009. The market prediction is made by BCC Research (Wellesley, MA), a market research group.   The value of the equipment needed on the ground to capture carbon dioxide, can be broken into four segments; post-combustion and enhanced oil recovery (EOR); pre-combustion and integrated gasification combined cycle (IGCC); research and development...

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