1/16/2024 0 Comments Truck design outline logo![]() In China, three new projects became operational in 2023, while Japan selected seven candidate projects for support towards their commercialisation.Indonesia finalised its legal and regulatory framework for CCUS in March 2023, making it the first country in the region to establish a framework for CCUS activities.The United Kingdom announced GBP 20 billion in its Spring Budget 2023 for the early deployment of CCUS projects. ![]() Additionally, the pilot phase of Project Greensand in Denmark became operational in March 2023, transporting CO 2 from Belgium for storage in a depleted oil field of the Danish North Sea. The European Union launched the Net Zero Industry Act in March 2023, proposing an annual CO 2 injection target of 50 Mt CO 2/yr for 2030 and improved permitting procedures for CCUS.The United States announced important opportunities in 2022 that are expected to boost CCUS project development, including new funding under the 2021 Infrastructure Investment and Jobs Act and favourable CCUS tax credit changes in the 2022 Inflation Reduction Act. ![]() Countries and regions making notable progress in CCUS include: ![]()
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