marketpressrelesewire

Carbon capture and storage (CCS) technology has emerged as a critical technical component in the combined efforts of various nations to combat climate change. Carbon capture and storage refers to the capturing of carbon dioxide from different sources of emission, separating it from other gases and transporting to a suitable location for storage. The carbon capture and storage technology is being adopted and employed across the globe considering the cumulative commitment of industrial stakeholders in curbing Co2 emissions coupled with ongoing dominant role of fossil fuels in energy generation. The total Carbon Capture and Storage market revenue in 2017 was  $ 3150 million  and it is expected to follow a  CAGR of around 23%  throughout the forecast period i.e. up to 2023. The Carbon Capture and Storage industry analysis states EOR method is the extensively adopted in  oil & gas  participants in storage technology to extract oil and gas from mature fields...