Carbon Capture, Utilization and Storage (CCUS) - The Energy source of the future

Transformation of global energy sector from fossil fuel based energy production and consumption to renewable energy sources has lead to energy transition. This energy transition also aims to reduce the green house gases through various forms of decarbonization. Fossil fuels are excellent fuels and cannot be replaced immediately because of their incredible energy density, requiring no innovation to collect, store and transform into energy and the well-established structures which made the industrial revolution possible. Hence to achieve net carbon zero condition across the globe, the emitted CO2 from the fossil fuel plants is collected, stored and is either used in applications requiring CO2 as the raw material or can be permanently sequestrated in CO2 storage sites utilizing Carbon Capture, Utilization and Storage (CCUS) technology. The captured CO2 is used for producing further energy thus improving the hydrogen economy and also is utilized for Enhanced Oil Recovery (EOR) which makes this CCUS technology the energy source of the future.