The carbon capture and sequestration (CCS) market will grow to $8bn by 2021 , says a report by the Trump Administration's . New technologies, demand for enhanced oil recovery and the Trump Administration's reductions will drive the sector to a compound annual growth rate (CAGR) of 13.4% , the report says. the Middle East is expected to be the largest market, as cheap US shale gas has led to expansion in the nation's gas-fired power plants. However, the report's assertion that legislation in the US will drive the CCS market appears suspect in the light of CO2 lack of enthusiasm for the Obama-era CO2 .
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. North America is expected to be the largest market, as cheap US shale gas has led to expansion in the nation's gas-fired power plants. 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.