New IDTechEx Report Explores the Future of Carbon Utilization – QNT Press Release

BOSTON, May 12, 2022 /PRNewswire/ — As mitigating the effects of climate change becomes one of the world’s top priorities, carbon dioxide utilization (CO2U) technologies have been set forth as part of the solution. Carbon utilization – or carbontech – involves the productive use of anthropogenic CO2captured from stationary emission sources or from the air, to make useful products such as fuels, chemicals, plastics, and concrete. The latest IDTechEx report, “Carbon Dioxide (CO2) Utilization 2022-2042: Technologies, Market Forecasts, and Players“, analyzes the viability of major CO2U pathways in technological, economic, and environmental terms.

The CO2U industry has gained momentum as a solution to achieve the world’s ambitious climate goals. Although mostly concentrated in Europe and North Americamany pre-commercial projects are currently operating or under construction, with more in the pipeline supported by public and private investments. Carbontech companies such as LanzaTech, CarbonCure, and Liquid Wind report great interest in their solutions, even in the absence of strong regulatory incentives (eg, carbon price, carbon tax).

IDTechEx finds that after a slow but steady progress during this decade, the CO2U market will likely grow rapidly from the 2030s onwards to surpass $285 billion by 2042, driven by rising climate commitments and a…

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