{"id":2838,"date":"2022-04-25T21:34:11","date_gmt":"2022-04-25T21:34:11","guid":{"rendered":"https:\/\/climatetransform.com\/?p=2838"},"modified":"2022-07-12T08:28:23","modified_gmt":"2022-07-12T08:28:23","slug":"publicly-traded-carbon-capture-companies-which-companies-are-about-to-become-huge-in-2021","status":"publish","type":"post","link":"https:\/\/climatetransform.com\/publicly-traded-carbon-capture-companies-which-companies-are-about-to-become-huge-in-2021\/","title":{"rendered":"Publicly Traded Carbon Capture Companies: Which Companies Are About to Become Huge In 2021?"},"content":{"rendered":"
Carbon capture and storage could become a USD $1 trillion energy investment opportunity, according to the Bank of America.<\/span>1<\/sup><\/a><\/span> As the world begins to grapple with climate change, investment into CCUS technologies has shot up.<\/span>2<\/sup><\/a><\/span> But, which notable publicly traded carbon capture companies are capitalizing on this trend? Can start-up companies compete in this growing market?<\/span><\/p>\n In 2018, the Intergovernmental Panel on Climate Change (IPCC) indicated that CO2 removal is necessary to limit global warming to 1.5 \u00b0C. Furthermore, it specifies that the world will need to remove an estimated 100 – 1,000 billion tonnes of carbon dioxide from the air. Specifically, this can be done through carbon capture, utilisation and storage (CCUS) technology this century. This has led to companies investing tens of millions of US dollars into direct air capture (DAC) technology.<\/span>3<\/sup><\/a><\/span> Therefore, t<\/span>he amount of money invested into CCUS technology is likely to grow from USD $1.6 billion in 2020 to USD $3.5 billion by 2025.<\/span>4<\/sup><\/a><\/span><\/span><\/p>\n In January 2021, when Elon Musk announced a USD $100 million prize for the best carbon capture technology<\/a>, he set off a storm. Unsurprisingly, the prize spurred new interest in this growing field of interest.<\/span>5<\/sup><\/a><\/span><\/p>\n Carbon capture, utilization, and storage (CCUS) technologies look at trapping carbon dioxide from the air. Then, companies extract the carbon and use it for products or store it underground. Currently, most CCUS technology in factories traps carbon before emission. Other forms of carbon capture, such as direct air capture (DAC), focus on removing carbon directly from the air.<\/span>6<\/sup><\/a><\/span><\/p>\n Trapping carbon at power plants is projected to be the fastest-growing segment in the CCUS market, according to some analysts<\/a>.<\/span>7<\/sup><\/a><\/span><\/span><\/p>\nWhat is carbon capture?<\/h2>\n