Global plans to build carbon capture and storage (CCS) plants have mushroomed over the last nine months as governments and companies accelerate the hunt for ways to cut emissions and curb global warming by mid-century, a think tank said on Tuesday. The capacity of planned projects soared to 111 million tonnes a year (mtpa) as of end-September, up 52% from 73 mtpa at the end of 2020, the Melbourne-based Global CCS Institute said in an annual status report. If built, those projects would nearly treble the 40 mtpa of CCS capacity now operating. While there was more capacity on the drawing board than now a decade ago, high costs stopped most projects going ahead. Just last weekend, demolition began at a multi-billion dollar power plant in Mississippi where costs blew out so much that regulators stopped a CCS project. But CCS costs have […]