The number of carbon capture and storage (CCS) projects in operation or construction is growing and will continue to grow, according to the Global Status of CCS: 2011 report.
The Global Institute‘s flagship annual report identifies 74 large-scale integrated CCS projects around the world, 14 of which are either operating or under construction.
“Over the last year there has been good progress, with more projects entering construction and a clustering of projects in advanced stages of development planning,” said Institute CEO Brad Page.
“There are now eight large-scale projects in operation around the world and six under construction. Another ten projects or so will likely be in a position to decide whether to go into construction in the next year.”
If the rate of progress is maintained, 20 large-scale integrated demonstration projects are likely to be operational by 2020, he added.
In the past year one project began operation and three commenced construction, said the Global Institute. Two large-scale power generation projects with CCS are under construction, one in the US and one in Canada.
But the report underscored the challenges of building a business case for CCS demonstration projects given the faltering global economy, a lack of carbon price incentives in major emitter regions, and “largely static government support”.
For more emissions control news click here