Carbon Capture And Storage Market trends research and projections for 2017 – 2024

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Carbon Capture and Storage Market Market Price,
Packaging Trends, Industry Outlook Forecast
2017-2024
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Global Market Scenario of Carbon Capture and
Storage Market Industry

• Growing demand for carbon technologies to meet
  20C scenario along with strict government
  regulations to curb carbon footprint will drive
  the carbon capture and storage market size.
  Product ability to reduce carbon emission by 85
  to 90 makes its adoption preferable over other
  available alternates. According to New Source
  Performance Standards in the U.S., the new coal
  fired plant can emit 1400 lbs. CO2/MWh.
• Favourable government initiatives to encourage
  adoption of sustainable technology along with
  measures to reduce the toxic pollutant
  concentration will stimulate the U.S. carbon
  capture and storage market share. In 2008, the
  U.S Energy Improvement and Extension Act
  introduced section 45Q to provide credit of USD
  20 per metric ton for storing CO2 in deep water
  saline formation and USD 10 per metric ton for
  storing CO2 through enhanced oil recovery. In
  2016, the U.S. president Obama funded USD 90
  billion through American Recovery and
  Reinvestment Act towards strategic clean energy
  investment and tax credit to promote development
  of low carbon technologies.

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• Norway in 2016, accounted for over 45 of Europe
  carbon capture and storage market share. Abundant
  availability of CO2 storage site in Norwegian
  North Sea along with growing concern to meet
  decarbonization target will embellish the
  industry growth. According to E24, the government
  of Norway will invest approximately USD 46
  million toward feasibility study of CCS project
  by 2022.
• Reasons to Buy This Report
• 1. Carbon Capture and Storage Market size
  share forecast by product application,
  2017-2024
• 2. Growth drivers, pitfalls industry
  challenges
• 3. Carbon Capture and Storage Market
  growth opportunities emerging business models
• 4. Competitive benchmarking with market
  share analysis and company profiles
• Emerging demand for gas injection technique for
  EOR from mature fields will drive the carbon
  capture and storage market growth. Large volume
  of non-recovered oil, depleted hydrocarbon
  reserves and heavy reliance on crude oil imports
  are some of the key factors which will positively
  impact the demand for enhanced oil recovery.
• South Korea carbon capture and storage market
  share will witness significant growth owing to
  growing concern to reduce greenhouse gas
  emissions. In 2016, the country set a target to
  reduce its GHG emission by 37 below business as
  usual emissions of 850.6 MtCO2e by 2030.

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Research Methodology
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