Carbon Capture And Storage Technologies To Be Worth $389 Billion In 2014
June 29, 2011
Wellesley, Mass. – In a recent release, CARBON CAPTURE & STORAGE TECHNOLOGIES (EGY037C) from BCC Research (www.bccresearch.com), the cumulative capital base of carbon capture and storage (CCS) technologies was worth $125 billion in 2009. That value is projected to be $389 billion in 2014, after increasing at a five-year compound annual growth rate (CAGR) of 25.4%.
The cumulative capital base value, or value of the equipment needed on the ground to capture carbon dioxide, can be broken down into four segments – post-combustion and enhanced oil recovery (EOR), pre-combustion and integrated gasification combined cycle (IGCC), research and development (R&D) demonstrations, and oxy-fuel combustion.
The segment made up of post-combustion and EOR was valued at $66.1 billion in 2009, and in 2014 should be worth $159 billion, yielding a CAGR of 19.1%.
The segment made up of pre-combustion and IGCC, worth $56.3 billion in 2009, should rise to $224 billion in 2014, a CAGR of 31.8%.
The segment made up R&D and demonstrations was worth $2.3 billion in 2009 and should reach a value of $3 billion in 2014, a CAGR of 5.5%.
The oxy-fuel combustion segment was valued at $800 million in 2009, and in 2014 should reach a value of $3.3 billion, a CAGR 34.5%.
Carbon dioxide capture and storage technologies are methods used to capture gaseous carbon dioxide as a conventional process when it is emitted using fossil fuels to produce electric power. The main focus of this report is to determine what technologies exist to capture carbon dioxide and at what price, particularly in the utility and power generation sector. Removing greenhouse gases from the Earth’s atmosphere has been a major global concern for more than a decade, and carbon dioxide removal is the one component in which nations can play a major role.
Changes are taking place in the carbon capture market as penalties for emissions increase and the price of natural gas decreases. This is also a volatile market, as the price of natural gas can experience drastic swings based on a variety of parameters, but healthy overall growth of CCS technologies is expected in the future.
The intended audience for this report is all of the corporations or individuals who have an interest in reducing their carbon dioxide emissions, and those companies that may wish to invest in, license, install, or acquire promising carbon dioxide capture technologies. Furthermore, the report should be of interest to state utility regulators, subcontractors in the electric power construction industry, and pipe manufacturers and fitters.
VALUE CUMULATIVE CAPITAL BASE OF CCS TECHNOLOGIES, 2005-2014
Source: BCC Research
Carbon Capture & Storage Technologies( EGY037C )
Publish Date: December 2010
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, Telephone: 866-285-7215; Email: firstname.lastname@example.org as the source and publisher. Thank you.