Carbon Capture & Storage Market is estimated to account for over US$ 6.0 billion in 2019. The market is anticipated to grow at a CAGR of approximately 12% from 2019 to 2030.
Carbon capture and storage (CCS) is the process of removing carbon dioxide from sources, such as biomass power plant or a cement factory and shifting it to storage site that prevents it from entering the atmosphere. Its main objective is to avoid releasing large quantities of carbon dioxide in the air from the source industries. This process majorly contributes to the reduction of ocean acidification and global warming.
The process is divided into three parts:
- Capturing the (CO2) carbon dioxide
- Transport of Carbon dioxide, and
- Safely storing CO2 emissions
Major Key Players of the Carbon Capture and Storage Market are:Aker Solutions, Fluor, Hitachi, Linde, MITSUBISHI HEAVY INDUSTRIES, Exxon Mobil Corporation., GENERAL ELECTRIC, Halliburton, Schlumberger Limited, and Shell, among others.
Read More @ https://www.openpr.com/news/2033153/carbon-capture-and-storage-market-to-witness-robust-expansion
Carbon capture and storage (CCS) is the process of removing carbon dioxide from sources, such as biomass power plant or a cement factory and shifting it to storage site that prevents it from entering the atmosphere. Its main objective is to avoid releasing large quantities of carbon dioxide in the air from the source industries. This process majorly contributes to the reduction of ocean acidification and global warming.
The process is divided into three parts:
- Capturing the (CO2) carbon dioxide
- Transport of Carbon dioxide, and
- Safely storing CO2 emissions
Major Key Players of the Carbon Capture and Storage Market are:Aker Solutions, Fluor, Hitachi, Linde, MITSUBISHI HEAVY INDUSTRIES, Exxon Mobil Corporation., GENERAL ELECTRIC, Halliburton, Schlumberger Limited, and Shell, among others.
Read More @ https://www.openpr.com/news/2033153/carbon-capture-and-storage-market-to-witness-robust-expansion
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