CCUS (CO2 Capture, Utilization and Storage)

The world is moving towards decarbonization. At present, many countries and companies are pushing to reduce CO2 emissions and achieve carbon neutrality by 2050.
A variety of methods to reduce CO2 emissions are needed to achieve this target. However, even after these reduction efforts, around 4.3 to 13 giga tonnes per year of CO2 emissions are expected to remain. To capture this remaining CO2, 100 to 300 times the current global CO2 capture capacity will be needed. By 2050, CO2 capture will be required in a wide range of industries, including manufacturing, fuel production, power generation, aviation, and transportation, which means CCUS will need to be introduced in many fields in the future.

CCUS stands for Carbon dioxide (CO2) Capture, Utilization, and Storage. Transportation is also required, though it is not included in the acronym. Promoting CCUS is vital to realize a carbon neutral society.

CO2 capture and storage (CCS) development plans are underway mainly in the Americas and Europe, and hundreds of storage sites need to be developed around the world. According to the International Energy Agency (IEA), worldwide storage potential is estimated to be more than 8 trillion tons (equivalent to more than 600 years of emissions at projected 2050 levels). With the significant increase in the number of storage sites, establishing a CO2 network including transportation is needed, as well as improving the business environment and addressing technical challenges in CCUS, all of which require innovative solutions.

Mitsubishi Heavy Industries (MHI) Group has made its declaration to achieve Carbon Neutrality by 2040: "MISSION NET ZERO".
Realizing a carbon neutral society is a global issue, and we believe that as a technology leader with a proven track record in the field of decarbonization, it is MHI Group’s responsibility to lead the fight against climate change. This declaration sets a target to reduce CO2 emissions across MHI Group’s value chain to net zero by 2040, and the contribution of CCUS is an important factor in achieving this target.
MHI Group aims to contribute to effective solutions and to maximizing cost effectiveness in order to reduce CO2 emissions with efficiency and stability, with a view toward optimizing the entire CCUS value chain, including CO2 capture, transportation, utilization, and storage.
To establish a CCUS value chain, we are expanding our lineup of CCUS-related products, including state-of-the-art CO2 capture technology, large-scale CO2 capture plants, the CO2MPACTTM series of small- to mid-sized CO2 capture system, liquefied CO2 (LCO2) carriers, and compressors. We will also continue contributing to realization of carbon neutrality through a wide range of products and solutions, including the development of CO2NNEX® and other digital platforms for the transport, utilization, and storage of captured CO2.

Related Products & Solutions

Related Articles from Spectra - Our Online Magazine