This creates demand for carbon capture and sequestration market. The carbon capture and sequestration (CCS) market will grow to $8bn by 2021, says a report by Reportbuyer. New technologies, demand for enhanced oil recovery and CO2 reductions will drive the sector to a compound annual growth rate (CAGR) of 13.4%, the report says. “CCS is expected to be an important part of future energy supply in India, with its projected increase from about 10% today to 25% by 2030. However, the report's assertion that legislation in the US will drive the CCS market appears suspect in the light of the Trump Administration's lack of enthusiasm for the Obama-era Clean Power Plan.
The carbon capture and sequestration (CCS) market will grow to $8bn by 2021, says a report by Reportbuyer. New technologies, demand for enhanced oil recovery and CO2 reductions will drive the sector to a compound annual growth rate (CAGR) of 13.4%, the report says. “CCS is expected to be an important part of future energy supply in India, with its projected increase from about 10% today to 25% by 2030. However, the report's assertion that legislation in the US will drive the CCS market appears suspect in the light of the Trump Administration's lack of enthusiasm for the Obama-era Clean Power Plan.