What is CCUS?
Carbon capture, utilization and storage (CCUS) refers to the capture of carbon dioxide ( COâ‚‚), generally from sources such as power generation or industrial facilities that use either fossil fuels or biomass as fuel. https://atoco.com/sandbox-test/
Capture
The first step in the CCUS process involves capturing CO2 from fossil or biomass-fueled power stations, industrial facilities, or directly from the air.
Transport
Moving compressed CO2 by ship or pipeline from the point of capture to the point of use or storage.
Use
Using captured CO2 as an input or feedstock to create products or services.
Storage
Permanently storing CO2 in underground geological formations, onshore or offshore.
Costs across CCUS value chain
The most significant barrier to CCUS is the high cost of the initial carbon capture phase, especially in industries with low CO2 concentrations, where PCC capture constitutes 45-65% of the total cost. In DAC applications, with even lower CO2 levels, capture can account for 80-90% of costs. Reducing capture costs is therefore crucial to lowering overall CCUS expenses.