Contributors Project leads John Ferrier Senior Research Analyst CCUS, Wood Mackenzie Tim van den Bergh Lead, Climate Tech Innovation, World Economic Forum Additional contributors Mhairidh Evans Vice President, Global Head of CCUS Research, Wood Mackenzie Catherine Horseman-Wilson EMEA CCUS Lead, Wood Mackenzie Anis Nassar Manager, Materials Systems, World Economic Forum Volker Sick Professor of Advanced Energy Research, University of Michigan Acknowledgements We would like to thank the World Economic Forum’s UpLink CCU Top Innovators and the broader community of CCU technology developers, financiers and policy experts for their contributions. In particular, we would like to thank the following individuals for their valuable insights. The paper does not necessarily reflect the views of these individuals and/or their organizations. Expert advice is purely consultative in nature and does not imply any association with the takeaways or conclusions presented within this paper. Ryan Anderson Parallel Carbon Saskia Bruysten Carbon Equity Freya Burton LanzaTech Lorenzo Chiavarini Dealroom Bashir Dabbousi Saudi Aramco Carina Faber European Innovation Council Shravant Gadikota Carbon To Stone Vera Grim Federal German Ministry of Research, Technology & Space Philip Hahn enaDyne Tokuro Hatori TBMFlorian Hildebrand Greenlyte Technologies Csaba Janáky eChemicles Emilie Kaern World Economic Forum David Kearns Global CSS Institute Jan Mertens Engie Harrison Meyer Oxylus Energy Carlota Ochoa Neven du Mont Extantia Viktoria Nikulshyna Holcim Sebastian Pohlmann UP Catalyst Sarah Saltzer University of Stanford Defossilizing Industry: Considerations for Scaling-up Carbon Capture and Utilization Pathways 38

Defossilizing Industry Scaling-up CCU 2025