Global Roadmap for Implementing CO2 Utilization

Abstract

CO2U’s potential: Profitable markets and mitigated CO2 emissions At full scale, 5 CO2U products (see below) could create a market over US $800 billion by 2030. CO2U has the potential of utilizing 7 billion metric tons of CO2 per year by 2030 – the equivalent of approximately 15 percent of current annual global CO2 emissions. CO2U can create new business opportunity and simultaneously contribute to CO2 reduction. Both conclusions are consistent with an earlier market study that the GCI commissioned concluding that CO2U can remove over 10% of the emitted CO2 and represents an annual market opportunity of $0.8-1.1 Trillion. Roadmap to 2030: Market size and mitigation impact Market size and CO2 reduction potential can be significantly impacted by taking action now. Below are examples from five markets. For example, the market for CO2-based fuels can be quadrupled by 2025 (from $50b to $200b), increasing the CO2 reduction by 15 fold (from 0.03b tons to 0.5b tons). Similarly, decisive and timely action can have a major impact on both the market size and potential to mitigate CO2 emissions for other CO2-based products.