United States & Japan Lead the Way in Carbon Capture Investments: Strategic Acquisitions, Pilot Plants, and Low-Carbon Ammonia Projects | ExxonMobil, Royal Dutch, Shell Chevron Corporation

The Global Carbon Capture Power Plants and Storage Systems Market reached US$ 3.2 billion in 2022 and is expected to reach US$ 8.5 billion by 2031 growing with a CAGR of 12.9% during the forecast period 2024-2031.

Carbon capture power plants and storage systems aim to reduce greenhouse gas emissions by capturing carbon dioxide (CO2) produced during energy generation. The captured CO2 is then transported and stored in underground geological formations to prevent it from entering the atmosphere. These systems play a vital role in combating climate change and supporting the transition to cleaner energy solutions.

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☛ Carbon Capture Power Plants and Storage Systems Market Recent Developments 2025:

United States: Recent Industry Developments

✅ In September 2025, Blackstone agreed to acquire the Hill Top Energy Center, a 620 MW natural gas power plant in Pennsylvania, for approximately $1 billion. This acquisition reflects Blackstone's strategy to capitalize on increasing U.S. electricity demand, primarily driven by the growth of artificial intelligence and cryptocurrency-driven data centers, as well as rising residential and commercial energy consumption.

✅ In September 2025, Chestnut Carbon raised a total of $250 million, marking the largest voluntary carbon market fundraise of the year. This significant investment signals renewed interest in carbon removal, following a two-year downturn due to concerns over credit quality and greenwashing.

✅ In April 2025, ExxonMobil announced an agreement with Calpine Corporation to transport and store up to 2 million metric tons per annum of CO2 from Calpine's Baytown Energy Center, a cogeneration facility near Houston.

Japan: Recent Industry Developments

✅ In May 2025, Mitsubishi Heavy Industries installed a new CO2 capture pilot plant at the Himeji No.2 power plant in Hyogo Prefecture. The pilot plant was established to conduct research and development for CO2 capture technologies using flue gas from gas turbines at the power plants.

✅ In May 2025, Marubeni Corporation and ExxonMobil signed a long-term offtake agreement for approximately 250,000 tonnes of low-carbon ammonia per year from ExxonMobil's facility in Baytown, Texas.

✅ In April 2025, JERA Co., Inc. made a final investment decision on the low-carbon ammonia production project "Blue Point" in Ascension Parish, Louisiana, USA, in partnership with CF Industries Holdings, Inc. and Mitsui & Co., Ltd.

☛ Carbon Capture Power Plants and Storage Systems Market Trends:

✅ Direct Air Capture (DAC) technology is rapidly scaling with modular, flexible plants such as Climework's Mammoth facility in Iceland capturing 36,000 tons annually and Occidental's STRATOS in the US planned for 500,000 tons annual CO2 removal, enabling carbon-negative solutions beyond point-source emissions.

✅ Bioenergy with carbon capture and storage (BECCS) is gaining momentum, contributing significantly to net-negative emissions by integrating biomass energy with carbon capture, expected to grow at a CAGR near 20% through 2030 with substantial support in Europe and North America.

✅ Expansion of offshore CO2 storage hubs and transport infrastructure is key, with cross-border projects and industrial clusters enhancing CO2 pipeline networks and shared geological storage, facilitating cost efficiencies and large-scale sequestration.

✅ AI-driven optimization is emerging as a vital trend, improving capture rates and operational efficiency in carbon capture plants through predictive modeling and process automation.

✅ Integration of CCUS with hydrogen production and development of CO2-to-products markets (e.g., synthetic fuels, chemicals, and building materials) is advancing circular carbon economy concepts and creating new economic incentives for captured carbon utilization.

☛ Carbon Capture Power Plants and Storage Systems Market Competitve Landscape:

ExxonMobil, Royal Dutch, Shell Chevron Corporation, Total SA, BP plc, Schlumberger, Siemens, Sumitomo Corporation, Sinopec, Mitsubishi Corporation.

Research Methodology

We follow a hybrid research approach, combining qualitative insights with rigorous quantitative analysis to deliver reliable and comprehensive market intelligence. Our process begins with extensive secondary research, drawing on trusted industry reports, proprietary databases, and credible market sources. This is then reinforced through targeted primary research, including structured surveys and in-depth interviews with industry leaders, subject matter experts, and key market participants.

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☛ Segment Covered in the Carbon Capture Power Plants and Storage Systems Market:

By Process: Post-combustion, Pre-combustion, Oxyfuel-combustion.

By End-User: Power Plant Operators, Environmental Organizations, Industrial Consumers, Government Agencies.

☛ This Report Includes:

✔ Comprehensive go-to-market strategies with actionable insights.

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✔ Deep-dive analysis into development trends, competitive landscape, supply-demand dynamics, YoY growth, benchmarking, vendor mapping, market access, and overall progress.

✔ Tailored regional and country-level reports with detailed localized analysis available on request.

✔ Identification of niche segments and high-growth regions presenting strong opportunities.

✔ Accurate regional forecasts using both top-down and bottom-up approaches.

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☛ Regional Analysis for Carbon Capture Power Plants and Storage Systems Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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