New Report Shows Global Surge In Carbon Capture Technology Innovation

New Report Shows Global Surge In Carbon Capture Technology Innovation - Carbon Herald
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Global innovation in carbon capture, utilization and storage (CCUS) technologies has reached unprecedented levels, according to the latest analysis of patent data by leading intellectual property law firm Appleyard Lees.

Recent patent applications show significant growth in modular carbon capture systems, roadside carbon dioxide (CO2) recovery devices, and a surge in direct air capture (DAC) investments, with filings nearly doubling in the 12 months leading up to 2021.

David Walsh, Partner and Patent Attorney at Appleyard Lees, expressed optimism about the future of the carbon capture industry, stating, “With increasing government support and public pressure to reach carbon neutrality, further innovation and a significant increase in deployment of CCUS systems seems likely.”

Key government policies, such as the US Inflation Reduction Act 2022, the EU’s Net Zero Industry Act, and the UK’s spring budget with £20 billion earmarked for CCUS projects, are contributing to the global surge in CCUS innovation, according to the report.

The United States is a leader in CCUS-related patent filings, experiencing a remarkable 100% increase (from 68 to 144) in 2021.

South Korea follows, with a more modest year-on-year increase from 33 to 44, while the UK recorded only six patent applications.

Noteworthy innovations include modular carbon capture systems designed to lower installation costs in industrial facilities, such as the solution developed by Aker Carbon Capture (OTCMKTS: AKCCF) for Ørsted in Denmark.

Relevant: Aker Carbon Capture Will Deliver Five Just Catch Units To Ørsted

In the transport sector, Toyota (TYO: 7203) patented CO2 recovery devices along roads to capture emissions from hybrid vehicles, while Volkswagen (ETR: VOW3) filed patents for CCUS devices for cars.

While amine-based solutions for carbon capture are established, Swiss-based Climeworks is innovating with solid versions, using porous materials to bind and trap CO2.

Additionally, patents are emerging for semi-permeable membranes that filter and separate CO2 from gas streams.

Ashley Wragg, Attorney at Appleyard Lees, highlighted that while flue gases from power stations and industrial operations remain a priority for carbon capture, recent years have seen a primary focus on addressing polluted air.

Moreover, there is a growing trend of innovations targeting industries that are challenging to decarbonize, including the cement industry and engine emissions, Wragg said.

Read more: Climeworks And Deep Sky To Explore Canada’s Potential In Scaling Direct Air Capture

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