| 1. | EXECUTIVE SUMMARY |
| 1.1. | Why CO₂ utilization? |
| 1.2. | CO₂ utilization pathways |
| 1.3. | CO₂-EOR dominates utilization of captured CO₂ |
| 1.4. | World's large-scale CO₂ capture with CO₂-EOR facilities |
| 1.5. | Key takeaways in CO₂-EOR |
| 1.6. | Emerging applications of CO₂ utilization |
| 1.7. | Comparison of emerging CO₂ utilization applications |
| 1.8. | Technology Readiness Level (TRL): CO₂U products |
| 1.9. | Key players in emerging CO₂ Utilization technologies |
| 1.10. | Production of CO₂-derived building materials is growing fast |
| 1.11. | CO₂ use in the cement and concrete supply chain |
| 1.12. | Competitive landscape: TRL of players in CO₂U concrete |
| 1.13. | Key takeaways in CO₂-derived building materials |
| 1.14. | Carbon-containing chemicals could be made from CO₂ |
| 1.15. | The chemical industry's decarbonization challenge |
| 1.16. | Major pathways to convert CO₂ into polymers |
| 1.17. | Key takeaways in CO₂-derived chemicals and polymers |
| 1.18. | CO₂-derived fuels could decarbonize transport |
| 1.19. | Key takeaways in CO₂-derived fuels |
| 1.20. | CO₂ utilization to boost biological yields |
| 1.21. | Key takeaways in CO₂ biological yield boosting |
| 1.22. | Factors driving CO₂U future market potential |
| 1.23. | Greater policy and regulation support for CO₂U is needed |
| 1.24. | Carbon utilization potential and climate benefits |
| 1.25. | CO₂ utilization: Analyst viewpoint (i) |
| 1.26. | CO₂ utilization: Analyst viewpoint (ii) |
| 1.27. | CO₂ utilization: Analyst viewpoint (iii) |
| 1.28. | CO₂ utilization forecast by product (million tonnes of CO₂ per year), 2025-2045 |
| 1.29. | CO₂ utilization market forecast, 2025-2045: discussion |
| 2. | INTRODUCTION |
| 2.1. | Definition and report scope |
| 2.2. | The world needs an unprecedented transition away from fossil carbon |
| 2.3. | Why CO₂ utilization? |
| 2.4. | How is CO₂ used and sourced today? |
| 2.5. | CO₂ utilization pathways |
| 2.6. | Reductive vs non-reductive methods |
| 2.7. | CO₂ Utilization in Enhanced Oil Recovery |
| 2.8. | CO₂ Utilization in Enhanced Oil Recovery |
| 2.9. | Main emerging applications of CO₂ utilization |
| 2.10. | Emerging applications of CO₂ utilization |
| 2.11. | Carbon Utilization potential and climate benefits |
| 2.12. | When can CO₂ utilization be considered "net-zero"? |
| 2.13. | Greater policy and regulation support for CO₂U is needed |
| 2.14. | Carbon pricing and carbon markets |
| 2.15. | Compliance carbon pricing mechanisms across the globe |
| 2.16. | Alternative to carbon pricing: 45Q tax credits |
| 2.17. | How is CO₂ utilization treated in existing regulations? |
| 2.18. | 45Q tax credits and CO₂ utilization |
| 2.19. | The role of voluntary carbon credits in supporting CO₂ utilization |
| 2.20. | Is the origin of CO₂ important? |
| 2.21. | Factors driving future market potential |
| 2.22. | IDTechEx TRL assessment for large-scale CO₂ utilization |
| 2.23. | Technology Readiness Level (TRL): CO₂U products |
| 2.24. | CO₂U Products: utilization ratio and selling price |
| 2.25. | Cost effectiveness of CO₂ utilization applications |
| 2.26. | New CO₂ transportation infrastructure expected to emerge rapidly |
| 2.27. | Investment in CO₂ utilization continues to grow |
| 2.28. | Governments are also funding CCU companies and commercial projects |
| 2.29. | Technical challenges of major CO₂U applications |
| 2.30. | Climate benefits of major CO₂U applications |
| 2.31. | Technology readiness and climate benefits of CO₂U pathways |
| 2.32. | Key considerations for CO₂U market growth |
| 2.33. | Realizing the potential of CO₂ utilization |
| 2.34. | Carbon utilization business models |
| 2.35. | Why CO₂ utilization should not be overlooked |
| 2.36. | Conclusions |
| 3. | CO₂ ENHANCED OIL RECOVERY |
| 3.1. | What is CO₂-EOR? |
| 3.2. | What happens to the injected CO₂? |
| 3.3. | Types of CO₂-EOR designs |
| 3.4. | The CO₂ source: natural vs anthropogenic |
| 3.5. | The CO₂ source impacts costs and technology choice |
| 3.6. | Global status of CO₂-EOR: U.S. dominates but other regions arise |
| 3.7. | World's large-scale CO₂ capture with CO₂-EOR facilities |
| 3.8. | Most CCUS projects are coupled with enhanced oil recovery for financial viability |
| 3.9. | CO₂-EOR potential |
| 3.10. | Most CO₂ in the U.S. is still naturally sourced |
| 3.11. | CO₂-EOR main players in the U.S. |
| 3.12. | CO₂-EOR main players in North America |
| 3.13. | CO₂ transportation is a bottleneck |
| 3.14. | Which CCUS/EOR project is the biggest? |
| 3.15. | Boundary Dam - battling capture technical issues |
| 3.16. | CO₂-EOR in China |
| 3.17. | The economics of promoting CO₂ storage through CO₂-EOR |
| 3.18. | Role of Carbon sequestration tax credits: the U.S. 45Q |
| 3.19. | The impact of oil prices on CO₂-EOR feasibility |
| 3.20. | Petra Nova's long shutdown: lessons for the industry? |
| 3.21. | Climate considerations in CO₂-EOR |
| 3.22. | The climate impact of CO₂-EOR varies over time |
| 3.23. | CO₂-EOR: an on-ramp for CCS and DACCS? |
| 3.24. | CO₂-EOR: Progressive or "Greenwashing" |
| 3.25. | Future advancements in CO₂-EOR |
| 3.26. | CO₂-EOR SWOT analysis |
| 3.27. | Key takeaways: market |
| 3.28. | Key takeaways: environmental |
| 4. | CO₂ UTILIZATION IN BUILDING MATERIALS |
| 4.1. | Introduction |
| 4.1.1. | The role of concrete in the construction sector emissions |
| 4.1.2. | The role of cement in concrete's carbon footprint |
| 4.1.3. | The role of cement in concrete's carbon footprint (ii) |
| 4.1.4. | Regulations driving concrete decarbonization |
| 4.1.5. | The Basic Chemistry: CO₂ Mineralization |
| 4.1.6. | CO₂ use in the cement and concrete supply chain |
| 4.1.7. | Can the CO₂ used in building materials come from cement plants? |
| 4.2. | CO₂ utilization in concrete curing or mixing |
| 4.2.1. | CO₂ utilization in concrete curing or mixing |
| 4.2.2. | CO₂ utilization in concrete curing or mixing (ii) |
| 4.2.3. | CO₂ utilization in concrete curing - technologies and business models |
| 4.2.4. | CO₂ utilization in concrete curing or mixing - production capacities |
| 4.3. | CO₂ utilization in carbonates (aggregates and additives) |
| 4.3.1. | CO₂ utilization in carbonates (aggregates and additives) |
| 4.3.2. | CO₂-derived carbonates from natural minerals |
| 4.3.3. | CO₂-derived carbonates from waste |
| 4.3.4. | CO₂-derived carbonates from waste (ii) |
| 4.3.5. | Carbonation of recycled concrete in a cement plant |
| 4.3.6. | Carbonation of recycled concrete players |
| 4.3.7. | CO₂ utilization in carbonates - technologies and business models (i) |
| 4.3.8. | CO₂ utilization in carbonates - technologies and business models (ii) |
| 4.3.9. | CO₂ utilization in carbonates - production capacities |
| 4.4. | Market analysis of CO₂-derived building materials |
| 4.4.1. | The market potential of CO₂ use in the construction industry |
| 4.4.2. | Supplying CO₂ to a decentralized concrete industry |
| 4.4.3. | Future of CO₂ supply for concrete |
| 4.4.4. | Prefabricated versus ready-mixed concrete markets |
| 4.4.5. | Market dynamics of cement and concrete |
| 4.4.6. | CO₂U business models in building materials |
| 4.4.7. | CO₂ derived concrete: carbon credits |
| 4.4.8. | Construction standards can delay adoption of new materials |
| 4.4.9. | Construction standards met by CO₂U concrete players |
| 4.4.10. | CO₂U technology adoption in construction materials |
| 4.4.11. | CO₂ utilization players in mineralization |
| 4.4.12. | Competitive landscape: TRL of players in CO₂U concrete |
| 4.4.13. | Factors influencing CO₂U adoption in construction |
| 4.4.14. | Factors influencing CO₂U adoption in construction (ii) |
| 4.4.15. | Concrete carbon footprint of key CO₂U companies |
| 4.4.16. | Cement reduction and direct sequestration carbon footprint components |
| 4.4.17. | Key takeaways in CO₂-derived building materials |
| 4.4.18. | Key takeaways in CO₂-derived building materials (ii) |
| 4.4.19. | Key takeaways in CO₂-derived building materials (iii) |
| 5. | CO₂-DERIVED CHEMICALS |
| 5.1. | Introduction |
| 5.1.1. | The chemical industry's decarbonization challenge |
| 5.1.2. | CO₂ can be converted into a giant range of chemicals |
| 5.1.3. | Using CO₂ as a feedstock is energy-intensive |
| 5.1.4. | The basics: types of CO₂ utilization reactions |
| 5.1.5. | CO₂ conversion pathways in this chapter |
| 5.1.6. | CO₂ use in urea production |
| 5.2. | CO₂-derived chemicals: thermochemical pathways |
| 5.2.1. | CO₂ may need to be first converted into CO or syngas |
| 5.2.2. | Reverse water gas shift (RWGS) overview |
| 5.2.3. | RWGS catalyst innovation case study |
| 5.2.4. | Fischer-Tropsch synthesis: syngas to hydrocarbons |
| 5.2.5. | Direct Fischer-Tropsch synthesis: CO₂ to hydrocarbons |
| 5.2.6. | Methanol is a valuable chemical feedstock |
| 5.2.7. | Cost parity has been a challenge for CO₂-derived methanol |
| 5.2.8. | Thermochemical methods: CO₂-derived methanol |
| 5.2.9. | Carbon Recycling International: Direct hydrogenation |
| 5.2.10. | Direct methanol synthesis from H2O & CO₂ |
| 5.2.11. | Major CO₂-derived methanol projects |
| 5.2.12. | Future methanol applications |
| 5.2.13. | Aromatic hydrocarbons from CO₂ |
| 5.3. | CO₂-derived chemicals: electrochemical pathways |
| 5.3.1. | Electrochemical CO₂ reduction |
| 5.3.2. | Electrochemical CO₂ reduction technologies |
| 5.3.3. | Low-temperature electrochemical CO₂ reduction |
| 5.3.4. | ECO₂Fuel Project |
| 5.3.5. | High-temperature solid oxide electrolyzers |
| 5.3.6. | Solid oxide electrolyzer (SOEC) overview |
| 5.3.7. | SOEC co-electrolysis project case study |
| 5.3.8. | Comparison of RWGS & SOEC co-electrolysis routes |
| 5.3.9. | SOEC & SOFC system suppliers |
| 5.3.10. | H2O electrolysis industry much more developed than CO₂ electrolysis |
| 5.3.11. | Topsoe |
| 5.3.12. | Cost comparison of CO₂ electrochemical technologies |
| 5.3.13. | Coupling H2 and electrochemical CO₂ |
| 5.3.14. | What products can be made from CO₂ reduction? |
| 5.3.15. | Economic viability CO₂ reduction products |
| 5.3.16. | USA and Europe leading the way in CO₂ electrolysis |
| 5.3.17. | Summary of electrochemical CO₂ reduction |
| 5.4. | CO₂-derived chemicals: Microbial conversion pathways |
| 5.4.1. | CO₂ microbial conversion to produce chemicals |
| 5.4.2. | Tools and techniques of synthetic biology |
| 5.4.3. | CO₂-consuming microorganisms |
| 5.4.4. | Introduction to CRISPR-Cas9 |
| 5.4.5. | CRISPR-Cas9: a bacterial immune system |
| 5.4.6. | Gene-editing considerations for acetogens |
| 5.4.7. | LanzaTech |
| 5.4.8. | Key challenges in chemosynthesis |
| 5.4.9. | Key players in chemosynthetic biological conversion for CO₂ utilization |
| 5.4.10. | Scaling bioreactors - specific technical challenges |
| 5.4.11. | Introduction to cell-free systems |
| 5.4.12. | Cell-free versus cell-based systems |
| 5.4.13. | Biological conversion pathways to CO₂-derived chemicals studied in academia |
| 5.5. | CO₂-derived chemicals: Photocatalytic, photoelectrochemical, plasma conversion |
| 5.5.1. | "Artificial photosynthesis" - photocatalytic reduction methods |
| 5.5.2. | Plasma technology for CO₂ conversion |
| 5.6. | CO₂-derived polymers |
| 5.6.1. | Major pathways to convert CO₂ into polymers |
| 5.6.2. | CO₂-derived linear-chain polycarbonates |
| 5.6.3. | Commercial production of polycarbonate from CO₂ |
| 5.6.4. | Asahi Kasei: CO₂-based aromatic polycarbonates |
| 5.6.5. | Commercial production of CO₂-derived polymers |
| 5.6.6. | Methanol to olefins (polypropylene production) |
| 5.6.7. | Ethanol to polymers |
| 5.6.8. | Project announcements in 2023: Electrochemical polymer production |
| 5.6.9. | PHB from Biological Conversion: Newlight |
| 5.7. | CO₂-derived pure carbon products |
| 5.7.1. | Carbon nanostructures made from CO₂ |
| 5.7.2. | Mars Materials |
| 5.8. | CO₂-derived chemicals: market and general considerations |
| 5.8.1. | Players in CO₂-derived chemicals by end-product |
| 5.8.2. | CO₂-derived chemicals: market potential |
| 5.8.3. | Are CO₂-derived chemicals climate beneficial? |
| 5.8.4. | Technology Readiness Level (TRL): CO₂U chemicals |
| 5.8.5. | Investments and industrial collaboration are key |
| 5.8.6. | Steel-off gases as a CO₂U feedstock |
| 5.8.7. | Centralized or distributed chemical manufacturing? |
| 5.8.8. | Could the chemical industry run on CO₂? |
| 5.9. | CO₂-derived chemicals: takeaways |
| 5.9.1. | Which CO₂U technologies are more suitable to which products? |
| 5.9.2. | Key takeaways in CO₂-derived chemicals |
| 6. | CO₂-DERIVED FUELS |
| 6.1. | What are CO₂-derived fuels (power-to-X)? |
| 6.2. | CO₂ can be converted into a variety of fuels |
| 6.3. | Overview of e-fuel uses & production pathways |
| 6.4. | Comparison of e-fuels to fossil and biofuels |
| 6.5. | Overview of energy & carbon flows in e-fuel production |
| 6.6. | The challenge of energy efficiency |
| 6.7. | CO₂-fuels are pertinent to a specific context |
| 6.8. | CO₂-fuels in road vehicles |
| 6.9. | Methanol-to-gasoline (MTG) synthesis |
| 6.10. | MTG e-fuel plant case study |
| 6.11. | CO₂-fuels in shipping |
| 6.12. | CO₂-fuels in aviation |
| 6.13. | Sustainable aviation fuel policies (i) |
| 6.14. | Sustainable aviation fuel policies (ii) |
| 6.15. | Fuels made from CO₂ are seeing demand from the aviation and shipping sectors |
| 6.16. | Existing and future CO₂-derived synfuels (kerosene, diesel, and gasoline) projects |
| 6.17. | The source of captured CO₂ matters |
| 6.18. | CO₂ source for e-fuel production under the EU's Renewable Energy Directive |
| 6.19. | Status of DAC for e-fuel production |
| 6.20. | Overview of syngas production options for e-fuels |
| 6.21. | Key players in reverse water gas shift (RWGS) for e-fuels |
| 6.22. | Start-ups in reverse water gas shift (RWGS) for e-fuels |
| 6.23. | RWGS-FT e-fuel plant case study |
| 6.24. | Methanation overview |
| 6.25. | Thermocatalytic pathway to e-methane |
| 6.26. | Thermocatalytic methanation case study |
| 6.27. | Biological fermentation of CO₂ into e-methane |
| 6.28. | Biocatalytic methanation case study |
| 6.29. | Thermocatalytic vs biocatalytic methanation |
| 6.30. | SWOT for methanation technology |
| 6.31. | Existing and future CO₂-derived methane projects |
| 6.32. | Power-to-Methane projects worldwide - current and announced |
| 6.33. | Methanation company landscape |
| 6.34. | High costs of e-fuel production |
| 6.35. | Can CO₂-fuels achieve cost parity with fossil-fuels? |
| 6.36. | CO₂-fuels rollout is linked to electrolyzer capacity |
| 6.37. | Low-carbon hydrogen is crucial to CO₂-fuels |
| 6.38. | Technology & process developers in e-fuels by end-product |
| 6.39. | Project developers in e-fuels by end-product |
| 6.40. | SWOT analysis for e-fuels |
| 6.41. | Are CO₂-fuels climate beneficial? |
| 6.42. | CO₂-derived fuels: market potential |
| 6.43. | Key takeaways in CO₂-derived fuels |
| 7. | CO₂ UTILIZATION IN BIOLOGICAL YIELD BOOSTING |
| 7.1. | Introduction |
| 7.1.1. | CO₂ utilization in biological processes |
| 7.1.2. | Main companies using CO₂ in biological processes |
| 7.2. | CO₂ utilization in greenhouses |
| 7.2.1. | CO₂ enrichment in greenhouses |
| 7.2.2. | CO₂ enrichment in greenhouses: market potential |
| 7.2.3. | CO₂ enrichment in greenhouses: pros and cons |
| 7.2.4. | Advancements in greenhouse CO₂ enrichment |
| 7.3. | CO₂ utilization in algae cultivation |
| 7.3.1. | CO₂-enhanced algae or cyanobacteria cultivation |
| 7.3.2. | CO₂-enhanced algae cultivation: open systems |
| 7.3.3. | CO₂-enhanced algae cultivation: closed systems |
| 7.3.4. | Algae can be used directly for CO₂ capture |
| 7.3.5. | Algae has multiple market applications |
| 7.3.6. | The algae-based fuel market has been rocky |
| 7.3.7. | Algae-based fuel for aviation |
| 7.3.8. | CO₂-enhanced algae cultivation: pros and cons |
| 7.4. | CO₂ utilization in microbial conversion: food and feed production |
| 7.4.1. | Food and feed from CO₂ |
| 7.4.2. | CO₂-derived food and feed: market |
| 7.4.3. | Carbon fermentation: pros and cons |
| 7.4.4. | Key takeaways in CO₂ biological yield boosting |
| 8. | CO₂ UTILIZATION MARKET FORECAST |
| 8.1. | Forecast methodology |
| 8.1.1. | Forecast scope and methodology |
| 8.1.2. | Forecast product categories |
| 8.2. | CO₂ utilization overall market forecast |
| 8.2.1. | CO₂ utilization forecast by category (million tonnes of CO₂ per year), 2025-2045 |
| 8.2.2. | CO₂ utilization forecast by product (million tonnes of CO₂ per year), 2025-2045 |
| 8.2.3. | Data table for CO₂ utilization forecast by product (million tonnes of CO₂ per year) |
| 8.2.4. | Carbon utilization annual revenue forecast by category (billion US$), 2025-2045 |
| 8.2.5. | Carbon utilization annual revenue forecast by product (billion US$), 2025-2045 |
| 8.2.6. | CO₂ utilization market forecast, 2025-2045: discussion |
| 8.2.7. | The evolution of the CO₂U market |
| 8.3. | CO₂-Enhanced Oil Recovery forecast |
| 8.3.1. | CO₂-EOR forecast assumptions |
| 8.3.2. | CO₂ utilization forecast in enhanced oil recovery (million tonnes of CO₂ per year), 2025-2045 |
| 8.3.3. | Annual revenue forecast for CO₂-enhanced oil recovery (billion US$), 2025-2045 |
| 8.3.4. | Captured CO₂ use in EOR, 2025-2045: discussion |
| 8.4. | CO₂-derived building materials forecast |
| 8.4.1. | CO₂-derived building materials: forecast assumptions |
| 8.4.2. | CO₂ utilization forecast in building materials by end-use (million tonnes of CO₂ per year), 2025-2045 |
| 8.4.3. | CO₂-derived building materials volume forecast by product (million tonnes of product per year), 2025-2045 |
| 8.4.4. | Annual revenue forecast for CO₂-derived building materials by product (million US$), 2025-2045 |
| 8.4.5. | CO₂-derived building materials forecast, 2025-2045: discussion (i) |
| 8.4.6. | CO₂-derived building materials forecast, 2025-2045: discussion (ii) |
| 8.5. | CO₂-derived chemicals forecast |
| 8.5.1. | CO₂-derived chemicals: forecast assumptions |
| 8.5.2. | CO₂ utilization forecast in chemicals by end-use (million tonnes of CO₂ per year), 2025-2045 |
| 8.5.3. | CO₂-derived chemicals volume forecast by end-use (million tonnes product per year), 2025-2045 |
| 8.5.4. | Annual revenue forecast for CO₂-derived chemicals by end-use (million US$), 2025-2045 |
| 8.5.5. | CO₂-derived chemicals forecast, 2025-2045: discussion |
| 8.6. | CO₂-derived fuels forecast |
| 8.6.1. | CO₂-derived fuels: forecast assumptions |
| 8.6.2. | CO₂ utilization forecast in fuels by fuel type (million tonnes of CO₂ per year), 2025-2045 |
| 8.6.3. | CO₂-derived fuels volume forecast by fuel type (million tonnes of fuel per year), 2025-2045 |
| 8.6.4. | Annual revenue forecast for CO₂-derived fuels by fuel type (million US$), 2025-2045 |
| 8.6.5. | CO₂-derived fuels forecast, 2025-2045: discussion (i) |
| 8.6.6. | CO₂-derived fuels forecast, 2025-2045: discussion (ii) |
| 8.7. | CO₂ use in biological yield-boosting forecast |
| 8.7.1. | CO₂ use in biological yield-boosting: forecast assumptions (greenhouses) |
| 8.7.2. | CO₂ use in biological yield-boosting: forecast assumptions (algae and proteins) |
| 8.7.3. | CO₂ utilization forecast in biological yield-boosting by end-use (million tonnes of CO₂ per year), 2025-2045 |
| 8.7.4. | Annual revenue forecast for CO₂ use in biological yield-boosting by end-use (million US$), 2025-2045 |
| 8.7.5. | CO₂ use in biological yield-boosting forecast, 2025-2045: discussion (greenhouses) |
| 8.7.6. | CO₂ use in biological yield-boosting forecast, 2025-2045: discussion (algae & proteins) |
| 9. | COMPANY PROFILES |
| 9.1. | Adaptavate |
| 9.2. | Aether Diamonds |
| 9.3. | Arborea |
| 9.4. | Avantium: Volta Technology |
| 9.5. | Carboclave |
| 9.6. | Carbon Corp |
| 9.7. | Carbon Neutral Fuels |
| 9.8. | Carbon Recycling International |
| 9.9. | Carbonaide |
| 9.10. | CarbonBridge |
| 9.11. | CarbonBuilt |
| 9.12. | CarbonCure |
| 9.13. | CarbonFree |
| 9.14. | Chiyoda: CCUS |
| 9.15. | CO2 GRO Inc. |
| 9.16. | Coval Energy |
| 9.17. | Deep Branch |
| 9.18. | Econic Technologies |
| 9.19. | Fortera Corporation |
| 9.20. | GreenCap Solutions |
| 9.21. | Greenore |
| 9.22. | INERATEC |
| 9.23. | LanzaJet |
| 9.24. | LanzaTech |
| 9.25. | Liquid Wind |
| 9.26. | Mars Materials |
| 9.27. | neustark |
| 9.28. | Newlight Technologies |
| 9.29. | O.C.O Technology |
| 9.30. | OXCCU |
| 9.31. | OxEon Energy |
| 9.32. | Paebbl |
| 9.33. | Prometheus Fuels |
| 9.34. | Q Power |
| 9.35. | Seratech |
| 9.36. | Solar Foods |
| 9.37. | Solidia Technologies |
| 9.38. | Synhelion |
| 9.39. | Twelve Corporation |
| 9.40. | UP Catalyst |