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May 17, 2024|Energy & Power

The Top 10 Carbon Capture and Storage (CCS) Companies: Pioneers in Emission Reduction

Carbon Capture and Storage (CCS) technology is a crucial solution in the fight against climate change. By capturing carbon dioxide (CO2) emissions from industrial sources and storing them underground, CCS helps reduce the amount of CO2 released into the atmosphere. This blog explores the top 10 companies leading the development and implementation of CCS technology. We will provide updates on these companies, including their headquarters, Compound Annual Growth Rate (CAGR), and revenue from the past year.

The latest research study on the global Carbon Capture and Storage (CCS) market finds that the global Carbon Capture and Storage (CCS) market reached a value of USD 6221.99 million in 2023. It’s expected that the market will achieve USD 67097.48 million by 2030, exhibiting a CAGR of 40.46% during the forecast period.

Top 10 Carbon Capture and Storage (CCS) Companies

  1. Dakota Gasification Company
    • Headquarters: Bismarck, North Dakota, USA
    • CAGR: 6%
    • Revenue (Past Year): $450 million

Dakota Gasification Company operates the Great Plains Synfuels Plant, one of the largest carbon capture facilities in the world. The company captures CO2 from synthetic natural gas production and transports it via pipeline for enhanced oil recovery (EOR) in Canada. Dakota Gasification's commitment to innovation and sustainability has made it a key player in the CCS market.

  1. Schlumberger
    • Headquarters: Houston, Texas, USA
    • CAGR: 5.5%
    • Revenue (Past Year): $23.6 billion

Schlumberger is a global leader in oilfield services and equipment, providing advanced CCS technologies and solutions. The company's expertise in subsurface evaluation and CO2 injection makes it a trusted partner for CCS projects worldwide. Schlumberger's focus on innovation and environmental stewardship has solidified its position in the CCS market.

  1. Royal Dutch Shell
    • Headquarters: The Hague, Netherlands
    • CAGR: 5%
    • Revenue (Past Year): $261.5 billion

Shell is a global energy company with a strong focus on reducing carbon emissions through CCS technology. The company's Quest CCS facility in Canada captures and stores over one million tonnes of CO2 annually. Shell's commitment to sustainability and innovation has made it a leader in the CCS industry.

  1. General Electric (GE)
    • Headquarters: Boston, Massachusetts, USA
    • CAGR: 4.8%
    • Revenue (Past Year): $79.6 billion

General Electric (GE) provides advanced technologies and solutions for CCS projects, including CO2 capture, compression, and storage. The company's expertise in power generation and industrial processes makes it a key player in the CCS market. GE's focus on innovation and sustainability has helped it maintain a strong market presence.

  1. Aker Solutions
    • Headquarters: Fornebu, Norway
    • CAGR: 5.2%
    • Revenue (Past Year): $3 billion

Aker Solutions is a global provider of engineering and technology solutions for the energy industry, including CCS technology. The company's CO2 capture solutions are designed to reduce emissions from industrial sources and power plants. Aker Solutions' commitment to innovation and sustainability has made it a trusted partner for CCS projects worldwide.

  1. Mitsubishi Heavy Industries LTD
    • Headquarters: Tokyo, Japan
    • CAGR: 5.5%
    • Revenue (Past Year): $39 billion

Mitsubishi Heavy Industries (MHI) offers advanced CCS technologies, including CO2 capture, transportation, and storage solutions. The company's expertise in engineering and manufacturing makes it a key player in the CCS market. MHI's focus on innovation and environmental sustainability has helped it establish a strong presence in the industry.

  1. Honeywell International Inc.
    • Headquarters: Charlotte, North Carolina, USA
    • CAGR: 5%
    • Revenue (Past Year): $36.7 billion

Honeywell International provides advanced technologies and solutions for CCS projects, including CO2 capture and separation technologies. The company's expertise in process automation and control systems makes it a trusted partner for CCS projects worldwide. Honeywell's commitment to innovation and sustainability has solidified its position in the CCS market.

  1. Halliburton
    • Headquarters: Houston, Texas, USA
    • CAGR: 4.8%
    • Revenue (Past Year): $15.3 billion

Halliburton is a global leader in oilfield services, offering advanced CCS technologies and solutions. The company's expertise in subsurface evaluation and CO2 injection makes it a key player in the CCS market. Halliburton's focus on innovation and environmental stewardship has helped it maintain a strong market presence.

  1. The Linde Group
    • Headquarters: Munich, Germany
    • CAGR: 5.2%
    • Revenue (Past Year): $28 billion

The Linde Group is a global leader in industrial gases and engineering, providing advanced CCS technologies and solutions. The company's expertise in CO2 capture, compression, and storage makes it a trusted partner for CCS projects worldwide. Linde's commitment to innovation and sustainability has solidified its position in the CCS market.

  1. Exxon Mobil
    • Headquarters: Irving, Texas, USA
    • CAGR: 5%
    • Revenue (Past Year): $285.6 billion

Exxon Mobil is a global energy company with a strong focus on reducing carbon emissions through CCS technology. The company's expertise in CO2 capture and storage makes it a key player in the CCS market. Exxon Mobil's commitment to sustainability and innovation has helped it establish a strong presence in the industry.

  1. Fluor Corporation
    • Headquarters: Irving, Texas, USA
    • CAGR: 4.8%
    • Revenue (Past Year): $15 billion

Fluor Corporation is a global engineering and construction company providing advanced CCS technologies and solutions. The company's expertise in CO2 capture and storage makes it a trusted partner for CCS projects worldwide. Fluor's focus on innovation and environmental stewardship has helped it maintain a strong market presence.

Conclusion

Carbon Capture and Storage (CCS) technology is essential for reducing carbon emissions and combating climate change. Leading companies like Dakota Gasification Company, Schlumberger, Shell, General Electric, Aker Solutions, Mitsubishi Heavy Industries, Honeywell International, Halliburton, The Linde Group, Exxon Mobil, and Fluor Corporation are at the forefront of this market, offering innovative and high-quality CCS solutions. These companies' commitment to sustainability, innovation, and customer satisfaction ensures that the CCS market continues to grow and evolve, supporting the advancement of environmental technologies.