Polluters Desperate to Clean Up Drive Demand for Carbon Capture
Lars Paulsson and Laura Hurst, Bloomberg News Valborg Lundegaard, CEO of Aker Carbon Capture ASA. Photographer: Aker Horizons ASA/Bloomberg , Bloomberg
(Bloomberg) As the European Union gets serious about fighting climate change, experts are fielding more calls than ever from polluters seeking help to trap, process and store their carbon emissions.
The business of capturing emissions from industrial plants that make everything from cement to energy will get a push from the European Commissionâs ambitious climate plan and a continued rally in carbon permits, as widely forecast by analysts, traders and utilities. While the industry isnât profitable yet, operators expect it will be soon.