Great — below is a compact, source-backed reference for the Carbon Capture & Storage (CCS / CCUS) market organized exactly to your headings. I pulled recent market-size estimates, major projects and company actions, and the most important policy and technology signals. I cite the load-bearing facts so you can follow the sources.
This versatile research report is presenting crucial details on market relevant information, harping on ample minute details encompassing a multi-dimensional market that collectively maneuver growth in the global Carbon Capture and Storage market.
This holistic report presented by the report is also determined to cater to all the market specific information and a take on business analysis and key growth steering best industry practices that optimize million-dollar opportunities amidst staggering competition in Carbon Capture and Storage market.
Read complete report at: https://www.thebrainyinsights.com/report/carbon-capture-and-storage-market-13503
Quick snapshot (market size & growth — multiple respected estimates)
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Market size (2024 estimates vary by publisher): commonly reported between ~USD 3.7B – USD 8.6B (different report scopes).
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Forecast / CAGR: widely divergent by scope — examples: Grand View Research projects CAGR ≈ 7.4% (2025–2030); other publishers forecast much higher (MarketsandMarkets / Precedence show CAGRs in double digits up to ~20% depending on whether CCUS, DAC, or full value chain is included). Use the lower/higher range depending on whether you include utilization (CCUS) and DAC.
Company references (who’s active — with available values / project metrics)
Most market reports list major players but rarely disclose product-line revenues in free summaries. Below I list the commonly cited companies and the public figures I was able to confirm (project capacity, announced investments, commercial agreements).
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ExxonMobil — aggressively expanding CCS: announced large lower-emission investment plans (up to ~$30B in lower-emission investments for 2025–2030) and has secured a ~271,000-acre offshore CO₂ storage lease in Texas; it reports millions of tonnes per annum of storage/transport contracts (Exxon has stated ~6.7 MTA under contract and aims for much larger capacity by 2030).
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Occidental / 1PointFive (Carbon Engineering JV) — moving DAC + storage into commercial scale: Stratos DAC (Texas) permitted for sequestration and targeted at ~500,000 tCO₂/yr (permitted site, commercial start in 2025). Occidental also signs multi-year offtake agreements (e.g., 50k t removal with JPMorgan and larger sequestration of millions of tonnes via 25-year deals).
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Equinor / Shell / TotalEnergies — Northern Lights (Norway) — commercial cross-border CO₂ shipping & storage: Northern Lights entered commercial operation (phase-1 ~1.5 MtCO₂/yr) and is moving to expand to ≥5 MtCO₂/yr (phase-2 FID and large investment announced; consortium investing ~NOK 7.5bn / $714M for expansion). This is a leading open-access storage hub in Europe.
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Aker Carbon Capture / SLB (Schlumberger) — industry consolidation: SLB agreed to acquire an 80% stake in Aker Carbon Capture for ~4.12 billion NOK (~$381M) to scale carbon-capture deployments. Aker reports meaningful cash positions and project backlog.
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Climeworks (DAC leader) — strong fundraising to scale DAC: recent equity and funding rounds (CHF/USD hundreds of millions; e.g., $162M equity round + very large private equity fundraising rounds) to scale removal capacity and Project-Cypress/Gulf projects.
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Large industrial & service players frequently named across reports as suppliers / integrators: Fluor, Linde, Air Products, Baker Hughes, Honeywell, Carbon Clean, Shell, TotalEnergies, Equinor, ExxonMobil, Occidental, Aker/SLB (many of these supply capture units, engineering, transport, compression, and storage services).
Recent developments (latest 12–24 months)
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Commercial-scale transport & storage hubs are coming online or scaling — Northern Lights progressed to commercial injections and an expanded capacity target (1.5 → 5 Mt/year). Equinor/Shell/Total invested capital to scale the hub.
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Large energy firms and oil-services are committing capital (ExxonMobil’s large storage lease in the U.S., Occidental’s DAC/sequestration permits and offtake deals, SLB’s takeover of Aker Carbon Capture).
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Policy & tax incentives strengthening market economics — in the U.S., 45Q and subsequent legislative moves (e.g., OBBBA/“One Big Beautiful Bill” changes) have materially raised and clarified credit levels for point-source capture and DAC, improving project bankability. Similar subsidy/auction moves in Europe (e.g., Norway’s Longship and EU grants) are catalyzing projects.
Drivers
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Policy & tax incentives (e.g., U.S. 45Q, national subsidy auctions and grants) improving project economics for capture, transport and storage.
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Hard-to-abate industrial sectors (cement, steel, chemicals) needing solutions to meet net-zero goals — CCS is a pragmatic option for many point-source emissions.
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Large corporate net-zero commitments and demand for high-quality removals (corporates buying removal credits / long-term offtakes).
Restraints
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High capital & operating costs (capture units and transport/storage infrastructure remain costly). Markets and projects still rely heavily on subsidies/credits.
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Regulatory, permitting and liability complexity (U.S. injection permits, EU rules, public acceptance).
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Scale gap between ambition and deployed capacity — current global storage/transport capacity still small relative to emissions needing mitigation; build-out requires multi-year infrastructure projects.
Regional segmentation analysis
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North America (U.S.) — largest pipeline of projects & strong policy (45Q / IRA / OBBBA): many project announcements, DAC hub funding and veteran oil & gas players converting storage & pipeline assets into CCS networks.
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Europe / Norway: policy support and state subsidies (e.g., Norway’s Longship / Northern Lights) plus open access storage hubs; regulatory clarity is improving in parts of Europe.
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Asia-Pacific: large industrial emitters exploring hubs and cross-border services (Singapore S-Hub, Gulf & East Asia announcements); project development increasing but storage options more limited.
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Rest of world (LATAM, MENA, Africa): selective projects tied to heavy industry or oil & gas players — growth potential but currently smaller footprint.
Emerging trends
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From single-plant capture to CO₂ hubs & open access storage (shared pipelines, shipping + seafloor injection); hubs lower per-project costs and increase offtake options.
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Shift to include DAC at scale — oil-services & energy majors are pairing DAC with dedicated sequestration sites (Stratos, Climeworks projects).
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Commercialization of sequestration services & long-term storage contracts (25-year + offtake / sequestration agreements).
Top use cases
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Industrial point-source capture — cement, steel, chemicals, refining, ammonia.
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Power-plant capture (where economical and policy supportive).
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Direct Air Capture (DAC) for corporate removal needs and offsets.
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Enhanced Oil Recovery (EOR) where used, but many projects are shifting to dedicated saline storage.
Major challenges
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Proving long-term, safe storage and addressing liability/monitoring concerns.
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Financing large infrastructure (pipelines, shipping, injection wells) and aligning multi-stakeholder commercial contracts.
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Avoiding lock-in to continued fossil-fuel dependence — policy and public scrutiny challenge some projects.
Attractive opportunities
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Developing regional CO₂ transport & storage hubs (open-access business models) that aggregate demand and reduce unit costs.
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DAC + sequestration for high-quality removals demanded by corporates — recurring revenue via long-term purchase agreements.
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Engineering, EPC and O&M services (Fluor, SLB, Baker Hughes, Aker/SLB combination) as industrial players scale deployments.
Key factors of market expansion (summary)
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Stable policy & incentives (tax credits, auctions, grants) that make projects bankable.
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Large integrated storage hubs + transport networks (sharing CAPEX among multiple emitters).
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Major corporate & government long-term offtake contracts (anchor demand).
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Falling costs through scale and industrial learning (capture, compression, monitoring) and convergence of oil & gas infrastructure with CCS.
Selected, load-bearing sources (read first)
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Grand View Research — market sizing & CAGR example (2024 market ~USD 3.68B; CAGR ~7.4%).
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Global Market Insights — alternative market sizing (2024 ~USD 8.6B) and 16% CAGR (example of higher-scope estimate).
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Northern Lights / Equinor / TotalEnergies / Shell press + Reuters/FT coverage — phase-1 operation and phase-2 expansion to ≥5 Mt/yr and joint investment.
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ExxonMobil corporate disclosures & news — storage lease (271,000 acres) and multi-MTA contract statements plus multi-billion investment commitments to low-carbon projects.
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Occidental / 1PointFive / Reuters coverage — Stratos DAC permits and 500k tpa target, plus offtake agreements.
If you’d like this packaged into a deliverable, pick one and I’ll produce it immediately (I’ll pull the source links into the file):
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Spreadsheet (Excel/CSV): top 25 CCS/CCUS/DAC companies → HQ, latest corporate revenue (FY), reported CCS/DAC project capacities or contract volumes, notable projects & source links.
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1–2 page competitive brief: profiles of the top 10 corporate players (ExxonMobil, Occidental/1PointFive, Equinor/Shell/Total – Northern Lights, SLB/Aker, Climeworks, Fluor, Linde, Baker Hughes, Carbon Clean).
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3-slide PPT: market snapshot, top projects/companies with values, and recommended strategic moves for an industrial/energy buyer.
Which (1, 2 or 3) should I build now?