An Expert’s Guide to CCUS

  Mhairidh Evans is research director at Wood Mackenzie and leads its global research on carbon capture, utilisation and storage (CCUS). Her team provides insight and strategic analysis on the CCUS landscape to project developers, technology providers, investors and governments. ‘CCUS projects aim to either capture and/or store CO2 that comes from the most emissions-intensive parts of our economies. For industries like chemicals, cement and steel production, there are few technically-feasible options to reduce emissions at scale today – and CCUS is one of them,’ explains Evans. 2023: A Year for CCUS Wood Mackenzie believes that 2023 will be a milestone year for carbon capture and storage with the technology finally moving from a smaller concept to mainstream investment theme. ‘To keep within the limits of the Paris Agreement, we forecast that CCUS capacity needs to increase to around 15% of energy-related emissions by 2050,’ says Evans. ‘It is increasingly clear that CCUS has huge potential to help deliver a net zero future. In fact, under our accelerated energy transition (AET) -1.5 scenario – whereby global warming is kept below 1.5°C – CCUS accounts...