Moving toward Sustainability--Carbon Reduction Technologies in Industry (Technical Insights)
NEW YORK, Jan. 15, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Moving toward Sustainability--Carbon Reduction Technologies in Industry (Technical Insights)
http://www.reportlinker.com/p01941679/Moving-toward-Sustainability--Carbon-Reduction-Technologies-in-Industry-Technical-Insights .html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Electric_power_energy
Research Objectives and Scope
The objective of this research is to report on the market penetration of carbon reduction technologies, specifically in reducing emissions of carbon dioxide (CO2) in the manufacturing industry, and map their technological development until 2025. The research scope is focused on carbon capture and storage (CCS) technologies applied in industries that will contribute to reducing carbon emission by 2050. CCS is widely established in the oil and gas and chemical industries, but its application in the heavy industries such as steel, aluminum and cement manufacturing, are currently at pilot stage. Organizations, government bodies and private entities worldwide are developing techniques, materials and methods to capture CO2 in high volumes. One of the effective ways to capture CO2 is to integrate or retrofit the carbon capture unit into a new or existing power plant respectively. This report provides technical views and potential opportunities for technology developers and the industry.
Briefly, this research service provides:
- A snapshot of advanced carbon reduction technologies, specifically carbon capture, and their capabilities.- Market impact assessment and analysis of key innovations and technology and business accelerators and challenges in the field of carbon reduction technology.- An assessment of technology adoption levels by region and by technology and an analysis of end users' expectations of the technologies.- An evaluation of emerging opportunities, technology roadmapping and recommendations for technology development and management.- Some key patents that provide an insight into notable activities and global participants and a detailed list of contacts in the field, which includes names, titles, addresses, phone numbers, e-mail IDs, and Website URLs.
Key Findings
- Newer technologies have emerged from collaborations between different entities such as universities, governments and private organizations due to the political interest in reducing carbon emissions, which have encouraged new innovations.- Although some of the CCS projects are progressing, the pace is too slow to ensure the technologies' contribution in climate change mitigation. There are insufficient policies by the government such as providing incentives for retrofitting existing power generation plants. Without sufficient policies to attract private entities, there are difficulties in creating economic or market conditions aligned with the vision to broaden CCS demonstration and deployment.- Countries in Asia, particularly China, show an increased interest in developing carbon capture resolutions due to the rapid industrialization, which incur high demands of energy that resulted in power plant expansions.- Ultra-supercritical technology and integrated gasification combined cycle will still be favorable options in reducing carbon emissions due to increasing demands of global electricity to xx % by 2030, which will lead to additional needs of highly efficient coal-fired power plants.- An emerging trend will be the development of more specialized enzymes and membranes to be utilized for CCS to meet specific and complex needs of the industry such as sequestration of industrial carbon emission and neutralizing CO2 to create commercial byproducts.- CCS technology and deployment should be given equal importance as other clean energy technologies such as renewable energy, and in terms of global climate change policy.
Technology Capability
Carbon Capture and Storage
- Involves capturing streams of CO2 from fuel combustion in power plants or industrial processes and injecting them at high pressure into deep geological formations for pemanent underground storage. Natural analogues from oil and gas indicate that CO2 can remain trapped for millions of years (Metz, 2005).- Currently, fossil fuels and carbon-intensive industries still play dominant roles in our economies. CCS remain a critical solution to reduce greenhouse gas emission. CCS technology can be integrated into all new, large power plant systems to reduce carbon emissions by 90%.- According to the International Energy Agency, to achieve the vision of G8 leaders to reduce carbon emission by xx % in 2050, the total capture of CO2 must increase from tens megatonnes in 2013 to thousands megatonnes in 2050. Also, a total cumulative mass of approximately 120Gt of CO2 needs to be captured and stored between 2015 and 2050.
Key Actions Until 2020 by the International Energy Agency
- In order to drive private financing of CCS projects, financial support mechanisms and early deployment are being introduced.
- Implementation of policies that encourage storage exploration, characterization and development for CCS projects.
- Development of national laws and regulations as well as provisions for multilateral finance that effectively require newly built fossil-fuel power generation to be CCS-ready.
- Prove capture systems at pilot scale in industrial applications where CO2 capture has not yet been demonstrated.
- Significantly increase efforts to improve understanding of CCS technology and the importance of its deployment among the public and stakeholders.
- Introduce incentives to reduce the cost of electricity from power plants equipped with capture through continued technology development and use of highest possible efficiency power generation cycles.
- Encourage efficient development of CO2 transport infrastructure by anticipating locations of future demand centres and future volumes of CO2.
Executive Summary
Key Findings
Technology Snapshot and Trends
- Technology Capability
- Technology Value Chain
Impact Assessment and Analysis
- Market Impact of Accelerators
- Market Impact of Challenges
- Impact Mapping of Accelerators and Challenges
Diffusion of Innovations and Needs Assessment
- Technology Adoption Cycle according to Region
- Technology Adoption Cycle according to Technology
- Demand Side Analysis
Opportunity Evaluation and Roadmapping
- Scenario Modeling and Emerging Opportunities
- Technology Roadmapping
- Technology Management Strategies
Key Patents and Key Contacts
Key Patents
Key Contacts
The Frost & Sullivan Story
To order this report: Moving toward Sustainability--Carbon Reduction Technologies in Industry (Technical Insights) http://www.reportlinker.com/p01941679/Moving-toward-Sustainability--Carbon-Reduction-Technologies-in-Industry-Technical-Insights .html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Electric_power_energy
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