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Carbon Capture Sequestration- New Revenue Pockets
A lot of developments in the field of the carbon capture market are being carried out. Investments are been being made in carbon capture, transport, and storage activities by some of the biggest industry players, considering the developments, upcoming potential, and demand. Regions such as the Americas and Europe have extensive growth whereas in regions like Middle-East Africa and Asia-Pacific, carbon capture sequestration activities are still in the developing stage and are likely to move towards the growth stage in the next nine years.
Carbon capture sequestration operations generate millions of tons of CO2. The carbons, which have been captured, have to be properly transported and stored off to minimize the impact on the environment. With increasing environmental and government regulations being imposed quite strictly on different regions and stringent penalties for non-compliance, carbon capture, transport, and storage operators are forced to implement improved and effective carbon capture sequestration practices. The carbon capture and sequestration market is therefore expected to show sound growth in the coming years.
The focus on industrial expansions of companies helps them maximize their reach in different regions, increase their global presence, thus generating revenues for the companies. Hence, in order to minimize the same, leading players are signing contract agreements and doing industrial expansion to have expertise in all areas.
Americas is one of the major markets for carbon capture sequestration services with the U.S. having accounted for the majority share in 2012. Europe is another major market for carbon capture sequestration services with countries such as United Kingdom and Norway implementing the technologies of CCS activities.
Shell Canslov (Canada) is a well-known carbon capture and storage company that enjoys a majority of the share in this market. It is a forerunner in the carbon capture sector that provides products and services in carbon capturing, and transporting it to safer storage landfills for better environmental effect.
Carbon Capture & Sequestration Market by Service (Capture, Transport & Sequestration) Technology (Post-Combustion, Pre-Combustion, Oxy-Fuel Combustion & Industrial Separation) and Geography - Global Trends & Forecast to 2019
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