CCUS technologies offer significant strategic value in the transition to net-zero:

CCUS can be retrofitted to existing power and industrial plants, which could otherwise still emit 8 billion tonnes (Gt) of carbon dioxide (CO2) in 2050.

CCUS can tackle emissions in sectors where other technology options are limited, such as in the production of cement, iron and steel or chemicals, and to produce synthetic fuels for long-distance transport (notably aviation).

CCUS is an enabler of least-cost low-carbon hydrogen production.

CCUS can remove CO2 from the atmosphere by combining it with bioenergy or direct air capture to balance emissions that are unavoidable or technically difficult to abate.

The Covid-19 crisis represents both a threat and an opportunity for CCUS: the economic downturn will almost certainly impact investment plans and lower oil prices are undermining the attractiveness of using CO₂for enhanced oil recovery. But CCUS is in a stronger position to contribute to economic recoveries than after the global financial crisis. A decade of experience in developing projects and the recent uptick in activity means that there are a number of “shovel-ready” projects with potential to double CCUS deployment by 2026

The three-day event will bring together leading engineering firms, technology manufacturers and suppliers, energy firms, the oil and gas sector, heavy industry, chemical companies, various manufacturing organizations, research groups and NGOs, consultants, and government bodies to explore how we can rapidly accelerate the deployment and commercialization of carbon-removal technologies as a key solution on the pathway to net-zero carbon emissions.