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CCUS Market to Surge 28-Fold by 2050 Amid Challenges

7/1/2025

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Summary

Story summary

The global Carbon Capture, Utilisation and Storage (CCUS) market is set to explode, with Wood Mackenzie forecasting a staggering 28-fold increase by 2050, hitting 2,061 million tonnes annually. While the U.S., Canada, and Europe have poured $80 billion into this vital technology, uncertainty looms due to policy challenges, especially in North America.

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Story summary

The global Carbon Capture, Utilisation and Storage (CCUS) market is set to explode, with Wood Mackenzie forecasting a staggering 28-fold increase by 2050, hitting 2,061 million tonnes annually. While the U.S., Canada, and Europe have poured $80 billion into this vital technology, uncertainty looms due to policy challenges, especially in North America.