Top Carbon Sequestration Services Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Carbon Sequestration Services Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Carbon Sequestration Services industry players.

Carbon Sequestration Services Market Competitive Landscape

A few major firms and a few small- and medium-sized regional players are currently constituting the market scenario. Many businesses have a very high penetration rate in their primary industry to create the world's first storage facility that can take CO2 from multiple industrial sources. A CO2 receiving port, an offshore pipeline, CO2 injection, and CO2 storage are all parts of the project, also known as The Northern Lights project. Such initiatives taken by players will help them establish a brand position in the future market competition.

Top Players in Carbon Sequestration Services Market

  • Archer Daniels Midland Company (USA)
  • Aker Solutions ASA (Norway) 
  • Carbon Clean Solutions Limited (United Kingdom) 
  • Chevron Corporation (USA) 
  • Eni S.p.A. (Italy) 
  • ExxonMobil Corporation (USA) 
  • General Electric Company (USA) 
  • Halliburton Company (USA) 
  • Hitachi, Ltd. (Japan) 
  • Japan CCS Co., Ltd. (Japan) 
  • Mitsubishi Heavy Industries, Ltd. (Japan) 
  • National Carbon Capture Center (USA) 
  • NRG Energy, Inc. (USA) 
  • Schlumberger Limited (USA) 
  • Shell Global (Netherlands) 
  • Statoil ASA (Norway) 
  • Total S.A. (France) 
  • Woodside Petroleum Ltd. (Australia) 
  • Carbon Engineering Ltd. (Canada) 
  • Climeworks AG (Switzerland) 
  • Global Thermostat LLC (USA) 
  • Solidia Technologies, Inc. (USA)

Global Carbon Sequestration Services Market

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Carbon Sequestration Services Market size was valued at USD 3.3 Billion in 2023 and is poised to grow from USD 3.51 Billion in 2024 to USD 5.77 Billion by 2032, growing at a CAGR of 6.4% during the forecast period (2025-2032).

A few major firms and a few small- and medium-sized regional players are currently constituting the market scenario. Many businesses have a very high penetration rate in their primary industry to create the world's first storage facility that can take CO2 from multiple industrial sources. A CO2 receiving port, an offshore pipeline, CO2 injection, and CO2 storage are all parts of the project, also known as The Northern Lights project. Such initiatives taken by players will help them establish a brand position in the future market competition. 'Archer Daniels Midland Company (USA)', 'Aker Solutions ASA (Norway) ', 'Carbon Clean Solutions Limited (United Kingdom) ', 'Chevron Corporation (USA) ', 'Eni S.p.A. (Italy) ', 'ExxonMobil Corporation (USA) ', 'General Electric Company (USA) ', 'Halliburton Company (USA) ', 'Hitachi, Ltd. (Japan) ', 'Japan CCS Co., Ltd. (Japan) ', 'Mitsubishi Heavy Industries, Ltd. (Japan) ', 'National Carbon Capture Center (USA) ', 'NRG Energy, Inc. (USA) ', 'Schlumberger Limited (USA) ', 'Shell Global (Netherlands) ', 'Statoil ASA (Norway) ', 'Total S.A. (France) ', 'Woodside Petroleum Ltd. (Australia) ', 'Carbon Engineering Ltd. (Canada) ', 'Climeworks AG (Switzerland) ', 'Global Thermostat LLC (USA) ', 'Solidia Technologies, Inc. (USA)'

One of the main drivers of the carbon sequestration services market is the increasing focus on reducing greenhouse gas emissions and mitigating climate change impacts. Governments around the world are implementing regulations and policies to promote the use of carbon capture and storage technologies, and this is creating a favorable market environment for companies operating in this space.

Increase in Focus on Carbon Removal: There is a growing focus on carbon removal technologies, which aim to remove carbon dioxide from the atmosphere rather than simply reducing emissions. This includes technologies such as direct air capture and carbon mineralization, and is creating new opportunities for companies operating in the carbon sequestration services market.

On account of the rising demand from the oil and gas industry and strict government requirements to cut carbon emissions, North America accounted for the greatest market share, i.e., 36.69% in 2022. For the forecast term, this tendency is anticipated to hold. The largest regional market share belongs to Canada. The Weyburn and Midale oil fields hosted Cenovus Energy's pioneer CCS project, which went into operation in 2000. The carbon capture technique used in this study was pre-combustion.

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Global Carbon Sequestration Services Market
Carbon Sequestration Services Market

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