![]() These goals include capturing up to 100 million tons of carbon dioxide annually by 2040. Meanwhile, other companies, such as Exxon, have invested in carbon capture companies with ambitious goals. Among these companies are natural gas and oil giants, such as Shell, that see an opportunity for growth and carbon offset. The lucrative aspect of the carbon capture market has attracted many small and big businesses. They are primarily in the US, Canada, the Middle East and Norway. As of 2020, there are 21 large-scale carbon capture companies in operation. Naming them all is a challenge, but a few large-scale CCUS projects are well known. Many companies are trying out different approaches for capturing carbon to fight global warming. Source: Unsplash How Many Companies Use Carbon Capture TechnologyĬarbon capture, utilisation and storage (CCUS) is a technology still in development. Other companies, such as Carbon Engineering, mix carbon with hydrogen to get eFuels – an alternative to fossil fuels. The CO 2 reacts with basalt and forms minerals, which creates permanent carbon storage. CarbFix, for example, captures CO 2 at a source, dissolves it in water and pumps it underground. ![]() There are two main types of CCS companies out there: those that store and those that utilise captured carbon. The captured CO 2 also has agricultural applications as well as industrial applications. Furthermore, the captured CO 2 has applications for both fuel extraction and synthetic fuel (eFuel) generation. Governments support to capture carbon dioxide directly, and you can sell carbon offsets. The market is attractive because it is young, with plenty of space for expansion. ![]() The expansion of the carbon removal technology and the development of new ways to store and utilise the captured carbon dioxide have led several commercial CCS companies to join the carbon capture market. Source: Unsplash Companies that are in Carbon Dioxide Capture and Storage to Reduce Carbon EmissionsĬarbon capture and storage is a relatively new technology with humble beginnings in the US in 1972.
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