In 2024, only 1/3rd of the announced global carbon capture, transport and storage clusters show CO2 sources and sinks are integrated. By the end of 2023, the number of cancelled CCS projects were reported to be as high as 250. Half of the cancelled/suspended projects are in North America (majority in the US) and most of these projects (>55%) are suspended due to regulatory reasons related to pipeline & storage permits.

CCUS as a technical solution is still nascent, shrouded in technical and economic uncertainties due to its First-Of-A-Kind nature. This uncertainty is compounded by the lack of coordination between stakeholders and vitally, a lack of an established value chain , inclusive of CO2 offtake agreements for Transport and Storage (T&S). CCUS developers are missing skills and capabilities for connecting CO2 source to sink and they need help identifying which CCUS assets would be optimal to be integrated into a T&S system.

By aligning emitters with CO2 transport and storage developers, trust can be created across the ecosystem to scale, to secure CO2 offtake agreements, and to enable the success of these projects. Utilizing the available experience and capabilities across the value chain in combination with digital simulation tools, capture, transport and storage can be optimized across the network to provide viable developments options. Through better integration of all stakeholders, we can help realize the ambition to decarbonize the assets and develop an optimized transport logistic to sequestration sites.