Shipping poised to play a vital role in APAC cross-border CCUS initiatives, with annual CO2 shipping volumes projected to reach 100 MtPA by 2050

A joint study by the Global Centre for Maritime Decarbonisation (GCMD) and Boston Consulting Group (BCG) has identified shipping to play a key role in enabling CCUS initiatives, particularly when there is a large geographical mismatch between potential captured CO2 sources and sequestration hubs. The report, titled “Opportunities for Shipping to Enable Cross-border CCUS Initiatives”, …

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