Carbon Capture & Sequestration Market Size, Status and Forecast 2018-2025 | Siemens, Mitsubishi, Hitachi, Aker Solutions, Fluor, Honeywell and Linde
Carbon Capture & Sequestration is the process of capturing waste carbon dioxide (CO2) from large point sources, such as fossil fuel power plants, transporting it to a storage site, and depositing it where it will not enter the atmosphere, normally an underground geological formation.
Growing needs for alternative energy sources, increasing focus to reduce CO2 emission, re-usage of captured CO2 by industries, formulation of relevant standardization and legalization and increasing investment by government to develop advance carbon capturing and storage technologies are some factors, that will propel the demand for carbon capture & sequestration over the next five years.
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Central & South America
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