Description

Capturing greenhouse gases from various emitting sources for storing them in geological formations and utilizing them in processes or as new products has been gaining interest among several industrial stakeholders in the last decade. This has been mainly driven by stringent regulations to curb industrial emissions (mainly carbon dioxide [CO2] and methane) contributing to climate change. Carbon capture and storage (CCS) technique for long-term storage of carbon underground has huge potential to limit climate change. However, the implementation has been hindered owing to the high capital and operating costs, and issues with public acceptance on long term effects of CO2 underground storage. Emissions Upcycling - Direct re-use of captured carbon without any conversion has been in practice for many years, especially in food and carbonated drinks and enhanced oil recovery (EOR). Novel processes enable emissions upcycling to pave way for a ‘circular carbon economy’ by converting the captured emissions into carbon feedstock to produce a range of new products such as chemical building blocks, synthetic fuel, food/feed or materials (especially building materials). This strategy offers dual benefits by reducing the release of harmful emissions into the atmosphere and by offsetting the amount of carbon required for manufacturing new products. With more than 30 companies around the world developing the technology and driving its applications, Frost & Sullivan independently plotted the top 12 companies in this Frost Radar™ analysis. This includes – Blue Planet Ltd., Carbicrete, Carbon Clean Solutions Ltd. (CCSL), Carbon Recycling International (CRI), Carboncure Technologies Inc., Econic Technologies Ltd., Kiverdi Inc., Lanzatech, Opus 12, Solar Foods, Solidia Technologies and Svante.