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Mid-Term Outlook: Carbon Capture Hubs, Pipelines Gain Traction

Mid-Term Outlook: Carbon Capture Hubs, Pipelines Gain Traction

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Industry Segment: Production | Word Count: 475 Words
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May 27, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Carbon capture (CC) and carbon capture and storage hub pipeline projects are popping up in various parts of the U.S. and Canada as industries seek to achieve net zero carbon emissions, according to Shane Mullins, Industrial Info's vice president of product development for the energy markets.

Speaking to attendees at last week's Industrial Info's Mid-Year U.S. & Canada Industrial Market Outlook event, Mullins said the bulk of development in the near term will be for ethanol plants that are mostly located in the Midwest, but numerous carbon-capture hub projects are in development in the Permian Basin, the Gulf Coast and in Canada. More than 120 projects active projects, worth $62 billion, are in development, he said.

Companies featured: Valero Energy Corporation (NYSE:VLO), BlackRock, Incorporated (NYSE:BLK)

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