A Fresh Breeze for Carbon Capture Storage Projects

Summary

The global carbon capture and storage (CCS) projects, including in Indonesia, will continue to grow until the end of the third quarter of 2021, Global CCS Institute reported. Currently, the technology has reduced 111 million tons per year of carbon emissions, soared 52 percent from only 73 million tons per year in 2020.

"Global plans are rife to build CCS facilities over the past nine months, as governments and companies seek to cut carbon emissions and curb global warming during the century," Alex Zapantis, Global CCS Institute Chief Executive, said as quoted by Reuters.

In the Asia Pacific, CCS projects in Indonesia and Malaysia, which are tied to gas development, have recently been approved. "More projects in the region are awaiting clarity on regulations [CCS] before they can proceed," Zapantis said.

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