“Reaching net zero will be virtually impossible without CCUS,” the International Energy Agency (IEA) said in a recent report on the role of carbon capture, utilization, and storage in the energy transition. Many governments, especially in mature economies, as well as all oil and gas supermajors, also seem to concur that carbon capture and storage is a critical part of achieving the emission reduction targets and net-zero goals that various countries and businesses, including the European oil majors, are pursuing. Governments and oil firms are betting big on CCUS, but a large-scale deployment of carbon capture and storage projects is still years away. Technology and costs continue to be significant hurdles on the road to making CCUS a vast and truly global industry capable of abating emissions not only from new energy generation, such as the production of blue hydrogen, but also from existing energy systems and from heavy […]