Carbon capture and storage market forecast to attain revenues of US$6.7Bn in 2014
The global carbon capture and storage market is forecast to total revenues of US$6,692 million in 2014. Carbon gas emissions as a result of human activity are thought to be contributing to a global climatic change, and accelerating natural global climate change. The emissions of carbon gases are sourced from burning carbon intensive fossil fuels in particular coal, oil and to some extent natural gas for power generation. Other heavy industries such as iron and steel production, cement and lime production are also large producers of greenhouse gases (GHG).
Pollutants, other than CO2, such as SO2 and NO2 and other minor gases as part of pollutants are also captured along with CO2 gas. Although the…
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