Asahi Kasei Corporation

CO2 Utilization Market to Grow To US$240 Billion by 2045

Carbon capture technologies capable of removing CO2 from industrial emissions have been around for over 50 years, but widescale deployment of CCUS (carbon capture, utilization, and storage) has been too slow for global net-zero ambitions. While governments are beginning to implement carbon pricing mechanisms or tax credits to motivate permanent storage of CO2 deep underground, a profitable business model exists beyond CO2 sequestration via emerging CO2 utilization applications.

Can Greener CO2-derived Chemicals Accelerate CCUS Uptake?

The chemical sector alone is responsible for 2% of global anthropogenic CO2 emissions, and the industry depends heavily on finite fossil fuel feedstocks. The new IDTechEx report, "Carbon Dioxide Utilization 2024-2044: Technologies, Market Forecasts, and Players", explores how captured CO2 could be utilized as a feedstock for hundreds of different chemicals instead.

Hitachi Zosen Corporation: PEMEL & Methanation Technologies

Hitachi Zosen Corporation (HITZ) is a major Japanese industrial and engineering corporation. HITZ has developed a proton exchange membrane electrolyzer (PEMEL) technology called HydroSpring. This profile covers HITZ's hydrogen and methanation technologies as well as the alkaline water electrolyzer (AWE) and methanation technologies of its Swiss subsidiary, Hitachi Zosen Inova (HZI).

Ionomr Innovations

Ionomr Innovations are a Canadian company, providing hydrocarbon-based ion exchange membranes. IDTechEx spoke with Benjamin Britton (Chief Technology Officer & Co-founder).

Emerging Molecules Produced Through Industrial Biomanufacturing

In the color spectrum of biotechnology, white biotechnology stands out as the industrial production and processing of chemicals, materials, and energy via cell factories like bacteria and yeast. In the bioeconomy, in which society uses renewable biological resources to create biobased products, white biotechnology acts as a critical technology driver. It not only reduces society's dependence on fossil fuels but also consumes less energy, generates minimal waste, and produces more environmentally friendly products.