Carbon capture and storage market size to reach USD 8.75 billion by 2025
“The global carbon capture and storage (CCS) market value is anticipated to exceed USD 8.75 billion by 2025. The rising global energy demand along with the growing awareness towards reducing carbon dioxide emissions in most of the industrial economies is anticipated to drive the CCS market�
The global carbon capture and storage (CCS) market value is anticipated to exceed USD 8.75 billion by 2025, according to a new report by Grand View Research, Inc. The rising global energy demand along with the growing awareness towards reducing carbon dioxide emissions in most of the industrial economies is anticipated to drive the CCS market. Currently, meaningful industrial CO2 capture is required particularly in the power sector.The increasing adoption of gas injection techniques for enhanced oil recovery (EOR) across several matured petroleum reserves globally is expected to be one of the key factors driving CCS demand.
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