ADI’s 2025 Energy Transition Outlook highlighted 500 CCUS projects that were being actively tracked by our team. CCUS momentum continues to build globally notwithstanding dampening sentiment around the energy transition. ADI Analytics was at ONS 2024, Norway’s flagship oil & gas conference, where excitement was palpable at Equinor’s exhibit fueled by the then upcoming commissioning of the Northern Lights Project in Norway.
The 1.5 million tons per annum (mtpa) carbon capture and storage project, a joint venture between Equinor, Shell, and TotalEnergies, was officially commissioned in September 2024 and first CO2 was stored in August 2025. The Northern Lights projects is being developed as a hub, including a 0.4 mtpa CO2 capture project at Heidelberg’s Brevik cement plant, which began operations this year. Other notable projects that came online in 2025 include the 1.5 mtpa carbon capture and utilization plant at Huaneng Longdong Energy / Zhengning coal power plant in China.
Today, the global CCUS capacity stands at ~50 mtpa. Exhibit 1 below illustrates operational global CCUS capacity, broken down by region (left) and project type (right). North America leads with over 70% of global capacity, followed by Asia Pacific and Europe. Most operational projects cover the full value chain i.e., CO2capture and sequestration, transport, and storage or utilization, as shown on the right.
Exhibit 1. Global CCUS projects operational today by region and project type.
Looking ahead, 66 mtpa of CCUS capacity is currently under construction worldwide. This includes projects that span the full value chain and capture only, capture and storage, transport, storage, and utilization projects. The CO2 capture capacity under construction today through 2030 is 16 mtpa. North America and Europe are leading the buildout, while Asia Pacific and the Middle East are seeing increasing activity, as shown in Exhibit 2.
Over the long term, CCUS projects with capital spending of more than $1 trillion have been announcedacross capture, transport, storage, and utilization. However, it’s important to note that about 55 mtpa of projects have been decommissioned or canceled over the past three years due to high capital costs, financing challenges, and policy uncertainty. These factors are expected to continue influencing the CCUS landscape, potentially driving M&A activity, joint ventures, and partnerships.
Exhibit 2. CCUS projects under construction (left) and decommissioned or canceled (right) globally.
The global CCUS landscape is undergoing a rapid transformation. Regulatory uncertainty in the U.S., project rationalization in Europe, and rising support in Asia Pacific are driving this shift. ADI lists six key observations shaping the global CCUS market:
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