Defossilizing Industry Scaling-up CCU 2025

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$ million 1,200 1,000 800 600 400 200 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Fuels and intermediates Chemicals Building materials Pure-carbon materials DAC + hydrogen Syngas/CO OthersInvestment in CCU companies has increased sharply since 2020 $ million 1,200 1,000 800 600 400 200 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Bahamas China Canada Israel Mexico EU + EEA US UKInvestment in CCU companies, by utilization product and region (2010-2025) FIGURE 9 Notes: Others include bicarbonate, biochar, energy storage, fertilizers and proteins. Source: Wood Mackenzie Lens Carbon, data provided by Dealroom (2025). Defossilizing Industry: Considerations for Scaling-up Carbon Capture and Utilization Pathways 22
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