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CCUS Capture Capacity to Reach 2.5 Gigatonnes Per Annum By 2045, Finds New IDTechEx Report

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BOSTON, July 10 2024 /PRNewswire/ — Carbon capture, utilization, and storage (CCUS) technologies strip carbon dioxide (CO₂) from waste gases and directly from the atmosphere before either storing it underground or using it for a range of industrial applications. By preventing CO2 from accumulating in the atmosphere, CCUS offers a ready-now pathway to decarbonize existing fossil fuel assets while also enabling the growth of emerging sustainable industrial sectors such as blue hydrogen and BECCS (bioenergy with carbon capture and storage). IDTechEx forecasts that CCUS capture capacity will reach 2.5 gigatonnes per annum by 2045, according to the new IDTechEx report “Carbon Capture, Utilization, and Storage (CCUS) Markets 2025-2045: Technologies, Market Forecasts, and Players“.

Accelerating uptake of CCUS

Historically, although carbon capture technologies are mature and well-established, wide-scale deployment of CCUS has been hindered by the high costs associated with capturing CO2. This is due to the high penalty from solvent regeneration. For CCUS to reach the levels necessary to meet net zero by 2050 targets, innovative new capture solutions will be required to reduce costs. Alternative point source capture technologies, including emerging solvents, sorbents, membranes, cryogenic methods, and oxyfuel designs, are being developed in the search for lower capture costs. This report includes analysis, benchmarking, key players, and the latest advancements for all major carbon capture technologies, enabling a selection of the best technology for a specific emission scenario.

In parallel with decreasing costs, economic incentivization for CCUS is increasing, driven by government carbon pricing policies (such as the EU ETS and US 45Q tax credit) and emerging CO2 utilization applications. Achieving economic viability is critical for large-scale deployment of CCUS. IDTechEx analysis has indicated that profitable carbon capture is already possible for several sectors within the current regulatory landscape. Carbon pricing is expected to keep increasing globally, accelerating the market potential of CCUS.

A paradigm shift in the CCUS business model

So far, CCUS projects have used a full-chain approach, where a single entity manages the entire CCUS value chain (capture, compression, transportation, and then utilization/storage). Analysis of the future CCUS project pipeline from IDTechEx reveals that a new fragmented CCUS business model will soon emerge, with oil and gas players leveraging existing expertise and infrastructure to begin providing partial chain CO2 transport and/or storage services, simplifying project development for emitters.

Key industrial applications for CCUS

Within industry, CCUS provides a retrofittable means of decarbonizing existing industrial assets. While several industries may eventually see greener solutions emerge, CCUS uses ready-now technologies and can provide emission reductions quickly as a transitionary stepping stone. For example, although renewable power generation will ultimately replace fossil-fuel-based power stations, the transition will be slow. In the meantime, CCUS can provide rapid decarbonization of existing power stations.

Emerging sustainable sectors such as bioenergy and blue hydrogen can also benefit from CCUS. Bioenergy is a promising candidate for decarbonizing industrial processes that rely on fossil fuels to generate high temperatures, and combining this with carbon capture offers further emission reductions. Moreover, developing a hydrogen economy is seen as a key tool for global decarbonization, and adding CCUS technologies to fossil-fuel-based hydrogen methods can kick-start hydrogen production growth and put infrastructure in the ground until greener electrolyzer technology reaches maturity. The new IDTechEx report, “Carbon Capture, Utilization, and Storage (CCUS) Markets 2025-2045: Technologies, Market Forecasts, and Players”, identifies which industrial sectors hold the greatest opportunity for CCUS deployment and examines sector-specific drivers and barriers.

Comprehensive analysis and market forecasts

“Carbon Capture, Utilization, and Storage (CCUS) Markets 2025-2045: Technologies, Market Forecasts, and Players” provides a comprehensive outlook of the emerging CCUS industry and carbon markets, with an in-depth analysis of the technological, economic, regulatory, and environmental aspects that are set to shape the CCUS industry over the next 20 years. Carbon capture, carbon utilization, and carbon storage technologies are evaluated, discussing each area’s latest advancements, key players, opportunities, and barriers. The report also includes a 20-year granular forecast until 2045 for CCUS CO2 capture capacity (segmented by CO2 endpoint, point-source vs DAC, and is further broken down into 5 industrial sectors), alongside exclusive analysis, over 80 interview-based company profiles, and coverage of 350+ companies.

Key questions answered in this report include:

What is CCUS, and how can it be used to address climate change?Where is CCUS currently deployed?Which industrial applications are most suited for CCUS technologies?What is the market outlook for CCUS?What are the key drivers and restraints of market growth?How can carbon pricing schemes and other incentives help scale up CCUS?How much does carbon capture technology cost?What can carbon dioxide be used for industrially?Where are the key growth opportunities for carbon dioxide utilization?Who are the key players in CCUS?Can CCUS help the world meet its climate ambitions?

To find out more about this IDTechEx report, including downloadable sample pages, please visit www.IDTechEx.com/CCUS.

For the full portfolio of energy and decarbonization market research available from IDTechEx, please see www.IDTechEx.com/Research/Energy.

About IDTechEx 
 
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com

Media Contact: 
 
Charlotte Martin 
Subscriptions Marketing Manager 
press@IDTechEx.com 
+44(0)1223 812300 
 
Social Media Links: 
 
X: https://www.twitter.com/IDTechEx 
LinkedIn: https://www.linkedin.com/company/idtechex/ 

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Witsbb Launches Age-Specific ‘Grow Pro Talplax Drink’ to Revolutionize Children’s Height Growth Nutrition

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SYDNEY, March 14, 2025 /PRNewswire/ — As “height anxiety” continues to spread among parenting circles, the field of children’s growth nutrition is reaching a critical turning point. On March 11, Australian infant and child nutrition brand Witsbb launched its heavily anticipated new product, Grow Pro Talplax Drink, on TMALL Heybox. They also officially announced that a women’s volleyball champion has become the “Witsbb Height Growth Ambassador”. With the core proposition of “scientific height growth over superstition, age-specific nutrition is key”, the product aims to help children establish a scientific growth system from ages 3 to 21.

Children’s height growth is a systemic project, involving multiple dimensions such as bone development, muscle growth, and endocrine regulation,” notes Dr. Bradley, Chief Scientific Officer of Witsbb. “There are significant differences in the types, ratios, and absorption efficiencies of nutrients required at different age stages. Simply applying traditional ‘one-size-fits-all’ and ‘one-age-fits-all’ solutions may be counterproductive.

Based on this scientific understanding, the Witsbb research and development team is dedicated to providing scientifically-backed bone development solutions for children aged 3 to 21. Grow Pro Talplax Drink focuses on three core critical age stages for height growth: the golden period from 3 to 8 years old, the intensive growth phase from 8 to 14 years old, and the final growth spurt from 14 to 21 years old.

At the same time, grounded in the principles of children’s bone development, Grow Pro Talplax Drink innovatively introduces the concept of a ‘growth plate accelerator.’ The product formulations include a comprehensive blend of nutrients designed to support growth plates, such as lysine, Chondroitin Peptide, and more. This approach aims to facilitate rapid height growth during these three critical stages.

Just as the Chinese women’s volleyball team wins matches through phased tactical training, Witsbb’s ‘Grow Pro Talplax Drink’ aims to support children’s scientific growth with precise nutritional formulas. On the volleyball court, each player plays an indispensable role, and every ingredient in Witsbb’s ‘Grow Pro Talplax Drink’ is meticulously selected. This not only reflects the brand’s persistent pursuit of depth in scientific research but also highlights the inevitable trend of the entire industry transitioning towards evidence-based medicine and precision nutrition.

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SOURCE Witsbb

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CoreWeave partners with Bulk Infrastructure for one of the largest NVIDIA AI deployments in Europe

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OSLO, Norway, March 14, 2025 /PRNewswire/ — CoreWeave, the AI Hyperscaler™, and Bulk Infrastructure (Bulk), a leading provider of sustainable digital infrastructure, have announced a partnership to establish one of the largest NVIDIA AI deployments in Europe at the N01 Datacenter Campus, Vennesla, Norway.

As part of this partnership, CoreWeave will use Bulk’s N01 Datacenter Campus to deploy a large-scale NVIDIA GB200 NVL72 cluster, interconnected with ultra-fast NVIDIA Quantum-2 InfiniBand networking. This deployment aims to significantly enhance compute capacity in Norway and is expected to be operational by Summer 2025.

In 2024, CoreWeave announced an initial investment of $2.2 billion across Europe, building new data centers delivering the latest AI infrastructure to continental Europe powered by 100 percent renewable energy.

“I am pleased to hear about the collaboration between CoreWeave and Bulk Infrastructure in the establishing of CoreWeave’s new AI-data center in Norway, said Norwegian minister of digitalisation and public governance, Karianne Tung. “The goal of the Norwegian government is to establish a national infrastructure for AI towards 2030. Norway being selected as one of the host countries for CoreWeave’s expanded AI-infrastructure in Europe, shows we are attractive internationally as a location for high quality data center-services. As minister of digitalisation, I am confident that the Bulk-CoreWeave partnership will add value to the further development of AI in Norway.”

“We’re excited to partner with Bulk to further expand our regional footprint and capacity in Europe to support the growing need for AI and high-performance computing across the region,” said Mike Mattacola, Chief Business Officer, CoreWeave. “Bulk’s commitment to sustainability, future-proof infrastructure and ability to scale supporting our expansion plans make them an ideal partner in Norway.”

“Working with a globally renowned AI-company like CoreWeave marks a significant milestone for Bulk. Securing an AI deployment of this size demonstrates our capability to meet the needs of our major customers,” said Jon Gravråk, CEO, Bulk Infrastructure. “Our N01 Datacenter Campus is uniquely equipped to meet the stringent demands of AI workloads, and this collaboration aligns perfectly with our mission to provide sustainable and scalable digital infrastructure solutions.”

“We need partners like Bulk building the latest large scale liquid ready AI data centers and CoreWeave building and deploying leading AI infrastructure to satisfy the needs of our customers across Europe,” said Jaap Zuiderveld, Vice President EMEA at NVIDIA. “The deployment of this large-scale NVIDIA GB200 cluster by CoreWeave and Bulk represents a significant step in scaling advanced AI compute capacity across Europe in one of the region’s most sustainable locations.”

Located in Southern Norway’s Agder region, just outside Kristiansand, the N01 Datacenter Campus lies on a 300-hectare (3km²) site located next to one of the largest transformer stations in Europe, with direct and redundant connections to multiple hydropower stations supplying 100% renewable energy. Bulk has secured 400 MW at the site with potential up to 1GW.

About CoreWeave

CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company’s technology provides enterprises and leading AI labs with highly performant and efficient infrastructure for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers covering major regions in the US and across Europe. CoreWeave was ranked as one of the TIME100 most influential companies of 2024. Learn more at www.coreweave.com.

About Bulk Infrastructure

Bulk is a leading Nordic industrial developer, owner, and operator within digital infrastructure. We are driven by our vision – racing to bring sustainable infrastructure to a global audience. Based in Oslo, Norway, and across the Nordics we support customers in transitioning their workloads from traditional fossil fuel-powered sites to low-carbon, renewable facilities.

Bulk offers highly adaptable, interconnected, and scalable data centers supporting AI, HPC, and large cloud service providers IT workloads, backed by essential fiber networking capabilities. We are the only neutral fiber network company providing strategically diversified, sustainable connectivity linking sites across the Nordics with markets in the US, UK, and Western Europe. We are trusted by a broad range of organizations including cloud service providers, Nordic enterprises, system integrators, teams running AI and HPC workloads and cloud providers.

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The nomination committee proposes that Boliden’s board be expanded

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STOCKHOLM, March 14, 2025 /PRNewswire/ — The Nomination Committee of Boliden AB (publ) proposes that Victoire de Margerie is elected as new Board Member at the Annual General Meeting (“AGM”) on April 23, 2025. Further, the Nomination Committee proposes re-election of all current Board Members.

Ahead of the AGM on April 23, 2025, the Nomination Committee proposes re-election of all current Board members (Karl-Henrik Sundström, Helene Biström, Tomas Eliasson, Per Lindberg, Perttu Louhiluoto, Elisabeth Nilsson, Pia Rudengren and Derek White) and new election of Victoire de Margerie.

Born in 1963, Victoire de Margerie has solid experience from the metals and polymers industry, strategy, research, operations and business development. She is currently Executive Chairman of Rondol Industrie, a Board Director and Chair of the Technology Committee at Verkor and she holds board positions at Ivanhoe Electric and Mines ParisTech. She is also a member of the National Academy of Technologies of France. Previously, Victoire de Margerie served on the boards of several multinational companies, including Eurazeo, Arkema, Babcock International, Norsk Hydro and Outokumpu. She has also held senior executive roles at Pechiney, CarnaudMetalBox and Elf Atochem. She is the co-founder and Co-Chair of World Materials Forum. Victoire de Margerie holds a PhD in Management Science from Université de Paris 2 Panthéon-Assas, a Master’s degree from HEC Paris and additional qualifications from Sciences Po Paris and Stanford Graduate School of Business.

Karl-Henrik Sundström is proposed to be re-elected as Chairman of the Board. The Nomination Committee’s further proposals and motivated statement will be presented in connection with the notice to the AGM.

Boliden’s Nomination Committee in respect of the 2025 AGM comprises of Lennart Francke (Swedbank Robur Fonder) Chairman of the Nomination Committee, Karin Eliasson (Handelsbanken Fonder) and Patrik Jönsson (SEB fonder), with Karl-Henrik Sundström, Chairman of the Board of Directors, as co-opted member.

For further information, please contact:
Lennart Francke
Chairman of the Nomination Committee
lennart.francke@gmail.com

Klas Nilsson
Director Group Communications
+46 70 453 65 88
Klas.nilsson@boliden.com

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/boliden/r/the-nomination-committee-proposes-that-boliden-s-board-be-expanded,c4118531

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