Top Companies in Carbon Capture and Sequestration Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Carbon Capture and Sequestration Market is projected to reach a value of USD 7.49 Billion by 2030 at a CAGR of 19.9% over the forecast period.
Vantage Market Research has recently published a new report on "Carbon Capture and Sequestration Market” Global Industry Assessment & Forecast to identify key trends and challenges. The report offers insights into the competitive landscape, prospects, and key investment considerations for businesses operating in Carbon Capture and Sequestration market. Some of the key statistics in the report highlight that Global Carbon Capture and Sequestration Market was valued at USD 2.01 Billion in 2022 and is projected to reach a value of USD 7.49 Billion by 2030 at a CAGR of 19.9% over the forecast period. The global Carbon Capture and Sequestration market will continue to expand due to increasing climate concerns and increased awareness of sustainable technologies.
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The Global Carbon Capture and Sequestration Market is dominated by well- known players like Fluor Corporation (U.S.), ExxonMobil Corporation (U.S), Equinor ASA (Norway), China National Petroleum Corporation (China), Dakota Gasification Company (U.S.), Shell PLC (Netherlands), BP PLC (U.K.), Chevron Corporation (U.S.), Linde PLC (Ireland), TotalEnergies SE (France), to note a few.
Let’s Take a Look at the Top Market Players that are Captivating the Carbon Capture and Sequestration Market
- Fluor Corporation (U.S.)
The Fluor Corporation is a multinational engineering, procurement, construction, and maintenance firm that offers a wide range of services to customers in a variety of industries, including the infrastructure, mining, chemicals, and energy sectors. The business has also worked on the creation of novel CCS technologies, such as the Econamine FG Plus technology, which uses a solvent-based method to capture CO2 from flue gas emissions.
- ExxonMobil Corporation (U.S.)
The business is an integrated oil and gas corporation that searches for, develops, and produces natural gas liquids, crude oil, and natural gas. In addition to producing, transporting, trading, and selling petroleum products, it also refines crude oil and creates both base stocks and finished lubricants. Moreover, ExxonMobil produces and sells a large range of speciality goods in addition to commodity petrochemicals like olefins, aromatics, polyethylene, and polypropylene plastics.
- Equinor ASA (Norway)
The business conducts hydrocarbon exploration, development, and production. It also has holdings in different oil and gas pipelines and runs refineries, processing plants, storage facilities, and ports. The business sells, trades, and moves refined goods, natural gas liquids, condensate, and crude oil. With an emphasis on renewable energy and low-carbon solutions, it is also present in projects involving solar farms, offshore wind, carbon capture and storage, and hydrogen.
- China National Petroleum Corporation (China)
The business operates across the whole value chain of the oil and gas industry and is an integrated energy firm. Exploration and production, natural gas sales, oilfield services, petrochemicals, marketing and trade, engineering and construction, manufacturing, new energy development, and finance are just a few of the companies it conducts business with. The company is also participating in a number of CCS projects in China, including the Sinopec Qilu Petrochemical CCS Project and the CCS Project at the Beijiang Power Station of the China Huaneng Group.
- Dakota Gasification Company (U.S.)
The business manages properties in oil and gas fields. The company sells goods such tar oil, ammonium sulphate, anhydrous ammonia, carbon dioxide, liquid nitrogen, naphtha, and phenol.
- Shell PLC(Netherlands)
The company uses conventional fields and sources, including tight rock, shale, and coal formations, to explore for and produce oil and gas. It runs petrochemical and refining complexes all around the world. Lubricants, bitumen, liquefied petroleum gas, and petrochemical goods such raw materials for plastics, paints, and detergents are among Shell's product offerings. The business has participated in a number of CCS projects across the globe, including the Gorgon CCS project in Australia and the Quest CCS project in Canada. Shell, Chevron, and the Canadian government are partners in the Quest CCS project.
- BP PLC (UK)
The company's upstream activities include the transportation, marketing, and trading of natural gas, including liquefied natural gas (LNG) and natural gas liquids. The company's upstream activities include the exploration, development, and production of oil and natural gas, as well as field development and production (NGLs). The company's downstream operations include of selling crude oil, petroleum, and petrochemical products, as well as refining, manufacturing, supplying, trading, and providing related services to wholesale and retail clients.
- Chevron Corporation (U.S.)
The company's operations span the whole value chain of the oil and gas industry, from exploration and production to storage and pipeline transportation to refining, marketing, and distribution of oil and gas products. Also, the business is a partner in the Australian joint venture known as the Gorgon Project, which involves trapping carbon dioxide emissions from a natural gas facility and injecting them into a deep geological formation beneath the ocean floor.
- Linde PLC (Ireland)
The primary activity of Linde PLC is the manufacture and distribution of industrial gases, including oxygen, nitrogen, and hydrogen. These gases are utilised in a variety of sectors, including electronics, metallurgy, healthcare, and chemical processing. Besides offering cryogenic equipment and solutions, the company also offers a variety of engineering services, such as building and maintaining plants.
- TotalEnergies SE (France)
The business produces energy using renewable sources, oil and biofuels, natural gas and green gases, and integrated worldwide multi-energy sources. Drilling, oil and gas production, processing, shipping, refining, petrochemical manufacture, storage, and distribution of petroleum products and speciality chemicals are all done by this company. The company also takes part in a number of CCS initiatives, such as the Northern Lights project in Norway, which intends to capture and store CO2 emissions from European industrial facilities.
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