Along with increased energy efficiency, switching to renewable and low emission fuel sources, CCUS plays a critical role in meeting The Paris Agreement climate goals

Meeting The Paris Agreement will require the capture of 28 gigatonnes of CO2

Without CCUS, the cost of meetingThe Paris Agreement will be 70% greater

CCUS enables decarbonization of existing energy and industrial infrastructurealong with removal of CO2

from the atmosphere.

Percentage of total emissions CCUS could address by sub-sector

2020 2040

CCUS is necessary to reach the Paris climate goals

For some of the ‘hardest-to-abate’ industries, global demand continues to rise and reducing emissions is a major challenge. However, large scale deployment of CCUS has the potential to significantly reduce emissions and keep the world on track to meet The Paris Agreement climate goals.

For decades, our technology has been helping run pilot-scaleand the world's biggest CCUS projects.

We have the industry's broadest CCUS technology portfolio with flexible solutions from capture, transport, well services, storage, and monitoring technologies.

Our rigorous environmental stewardship ensures thelife of a project leaves a minimal footprint.

We make complex projects happen by applying decades of successfulexecution experience in oil & gas, offshore, LNG, and gas storage.

Large scale deployment of CCUS is going to require improving the economic feasibility of CCUS projects. Industry operators are looking for advances in technology innovation, regulatory environments, and improved project integrations.

We have to address high CCUS capital and operational costs to bring down the price per carbon. Operators are also working to identify revenue streams and innovative business models.

40million

tonnes

2.35billiontonnes

38%Chemicals

17%Cement

15%Iron and Steel

Economic

Energy technology has to drive lower cost, safer, and more efficient ways to capture and store carbon. More research and development is required to improve current systems and explore more nascent technologies like direct air capture.

Technology innovation

Will governments adopt regulations like a carbon price or tax credits to facilitate investment? Stakeholders must come together to drive public engagement and regulatory compliance to increase CCUS adoption.

Regulatory

Note: This data is current as of July 2020. CCUS data fluctuates as underlying assumptions and actuals change over time.

Sources:1. https://www.iea.org/reports/ccus-in-power2. https://www.iea.org/reports/ccus-in-industry-and-transformation3. https://www.iea.org/reports/transforming-industry-through-ccus4. https://www.iea.org/reports/energy-technology-perspectives-20175. https://www.sciencedirect.com/science/article/abs/pii/S0306261912006496

With technology advances that provide a minimal and modular footprint, CCUS can integrate into existing industrial facilities

UtilizationGlobally, some 230 million tonnes (Mt)

of CO2 are usedeach year, with 70-80

Mt CO2 used for enhanced oil recovery

CaptureThere are more than1,200 patented methodsof capturing CO2 from emissions streams, but not all are economically feasible

StorageIt is estimated that 93% of the

captured CO2 will be permanentlystored in geological formations by 2060

Integrity and monitoring

CO2

CO2

CCUS OPPORTUNITY

CCUS is a versatile solution that can reduce emissions for a variety of industrial sectors

IMPACT BY INDUSTRY

But, a number of challenges are impeding CCUS adoption around the world at scale

CHALLENGES, SOLUTIONS, AND VALUE DRIVERS

CCUS VALUE CHAIN

We are bringing our best to CCUSWE ARE BAKER HUGHES

There are billions of reasons why carbon capture, utilization, and storage needs to move faster

1 2 3

Carbon capture and storage is a critical technology to enable a low carbon energy future.Allyson Anderson Book

Vice PresidentEnergy Transition, Baker Hughes

Annual CCUS installed capacity needed to meet IEA sustainable development scenario

Projected CCUS installed capacity if current growth trends remain consistent

Subsurface monitoring plays a key role in ensuring the long-term integrity of CO2 storage