The uptake of point source carbon capture, utilization and storage (CCUS) technologies is projected to grow in the coming decades and play a key role in decarbonization efforts across various industries. However, growth will depend on a variety of factors. In the Achieved Commitments (AC) scenario, in which net-zero commitments are achieved by leading countries through purposeful policies, global CCUS uptake would reach some 4.6 billion metric tons of carbon dioxide (GtCO₂) per year. Cement, blue hydrogen, iron and steel, and power are projected to account for more than 80 percent of total CCUS uptake by 2050.
Point source carbon capture, utilization and storage (CCUS) uptake projections worldwide from 2021 to 2050, by scenario
(in billion metric tons of carbon dioxide per year)
Characteristic
Historical
FA
CT
AC
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Emerging negative emission technologies (eg, BECCS and DACCS) can add uncertainties to CCUS demand outlooks, but these technologies are currently at a
very early stage.
Supplementary notes
Figures include the following point sources: Natural gas processing, cement and lime, iron and steel, chemicals and refining, power, and hydrogen production (excluding H₂ for ammonia, methanol, and refineries.
Fading Momentum (FM) - Fading momentum in cost reductions, climate policies, and public sentiment will lead to prolonged dominance of fossil fuels.
Current Trajectory (CT) - Current trajectory of renewables cost decline continues; however, currently active policies remain insufficient to close the gap to ambition.
Further Acceleration (FA) - Further acceleration of transition driven by country-specific commitments, though financial and technological restraints remain.
Achieved Commitments (AC) - Net-zero commitments (excluding international bunkers) achieved by leading countries through purposeful policies; followers transition at slower pace.
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McKinsey & Company. (November 21, 2023). Point source carbon capture, utilization and storage (CCUS) uptake projections worldwide from 2021 to 2050, by scenario (in billion metric tons of carbon dioxide per year) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1426251/ccus-uptake-projections-by-scenario/
McKinsey & Company. "Point source carbon capture, utilization and storage (CCUS) uptake projections worldwide from 2021 to 2050, by scenario (in billion metric tons of carbon dioxide per year)." Chart. November 21, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1426251/ccus-uptake-projections-by-scenario/
McKinsey & Company. (2023). Point source carbon capture, utilization and storage (CCUS) uptake projections worldwide from 2021 to 2050, by scenario (in billion metric tons of carbon dioxide per year). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1426251/ccus-uptake-projections-by-scenario/
McKinsey & Company. "Point Source Carbon Capture, Utilization and Storage (Ccus) Uptake Projections Worldwide from 2021 to 2050, by Scenario (in Billion Metric Tons of Carbon Dioxide per Year)." Statista, Statista Inc., 21 Nov 2023, https://www.statista.com/statistics/1426251/ccus-uptake-projections-by-scenario/
McKinsey & Company, Point source carbon capture, utilization and storage (CCUS) uptake projections worldwide from 2021 to 2050, by scenario (in billion metric tons of carbon dioxide per year) Statista, https://www.statista.com/statistics/1426251/ccus-uptake-projections-by-scenario/ (last visited August 24, 2024)
Point source carbon capture, utilization and storage (CCUS) uptake projections worldwide from 2021 to 2050, by scenario (in billion metric tons of carbon dioxide per year) [Graph], McKinsey & Company, November 21, 2023. [Online]. Available: https://www.statista.com/statistics/1426251/ccus-uptake-projections-by-scenario/