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Malaysian Reserve
20-05-2025
- Business
- Malaysian Reserve
Carbon Capture & Storage: The Key to a Greener Future
'Carbon Capture, Utilization, and Storage (CCUS) is a technology that captures carbon dioxide (CO₂) from industries and power plants before it reaches the air. The captured CO₂ is then either stored underground safely or reused to make useful products like fuels, chemicals, or building materials.' BOSTON, May 20, 2025 /PRNewswire/ — According to the latest study from BCC Research, the demand for Carbon Capture, Utilization & Storage Technologies is grow from $3.4 billion in 2024 and to $9.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 23.1% during the forecast period of 2024 to 2029. This report examines the global market for CCUS technologies, highlighting market dynamics. Market size is presented in both value (USD millions) and volume (thousand metric tons or MTs, equivalent to 2,205 lbs.), with 'tonne' not used for consistency. It explores technological, competitive, and economic trends influencing the industry. Additionally, the report provides an overview of CCUS technology segments and analyses the global market by technology, services, industry, and region. The study concludes with profiles of 15 leading companies in the CCUS sector. Interesting facts The cost of CCUS is influenced by energy availability and pricing, which vary by region. China and Japan lead in CO₂-based polymer production, surpassing Western firms in R&D for utilizing captured carbon in the chemical industry. R&D efforts in CCUS primarily focus on cost reduction, especially in carbon capture, which represents about 75% of total capital expenditure. The U.S. DOE aims to lower carbon capture costs to under $40 per ton by 2025 and $30 per ton by 2035. The cement industry has recently adopted CCUS, with Heidelberg Materials Brevik leading the way with a 0.4 MTPA capture capacity. The sector is expected to scale up rapidly, reaching 16.5 MTPA by 2030. According to the IEA, CCUS could contribute to 25% of emissions reductions in iron and steel, 63% in cement, and over 80% in fuel transformation by 2050. Factors contributing to the growth include: Growing demand for carbon-neutral products: The rising demand for carbon-neutral products is driven by sustainability goals, consumer awareness, and regulatory pressure to reduce carbon footprints. Rise of CCUS hubs: The rise of CCUS hubs is accelerating large-scale carbon capture efforts by integrating industries, infrastructure, and storage solutions in key regions. Renewed momentum around CCUS projects: CCUS projects are gaining renewed momentum due to stronger climate policies, technological advances, and increased investments in decarbonization. Synergies with carbon dioxide removal (CDR) technologies: CCUS and carbon dioxide removal (CDR) technologies work together to reduce emissions, combining capture, storage, and direct air removal for deeper decarbonization. Request a Sample Copy of the report Carbon Capture, Utilization & Storage Technologies Report Synopsis Report Metric Details Base year considered 2023 Forecast period considered 2024-2029 Base year market size $2.8 billion Market size forecast $9.6 billion Growth rate CAGR of 23.1% for the forecast period of 2024-2029 Segments covered Technology, Service, Industry, and Region Regions covered North America, Europe, Asia-Pacific, South Africa, and the Middle East and Africa Market drivers • Growing demand for carbon-neutral products. • Rise of CCUS hubs. • Renewed momentum around CCUS projects. • Synergies with carbon dioxide removal (CDR) technologies. This report addresses the following questions: 1. What is the projected market size and growth rate? The global carbon capture, utilization & storage technologies market was valued at $2.8 billion in 2023 and is expected to reach $9.6 billion by the end of 2029 at a CAGR of 23.1%. 2. What are the factors driving the growth of the market? Government support for carbon capture projects, increasing demand from the oil and gas industry for enhanced oil recovery, and increasing focus on carbon credits are driving the market. 3. What market segments are covered in the report? The segments covered are technology, service, and industry. The technology segment includes pre-combustion, post-combustion, and oxy-fuel combustion technologies. The service segment includes carbon capture, transportation, storage, and utilization. The industry segment includes oil and gas, power generation, chemical and petrochemicals, and others, including cement, iron and steel, hydrogen, and ammonia. 4. Which service segment will be dominant over the forecast period? The carbon capture segment will dominate the market over the forecast period. 5. Which industry segment will be dominant? The oil and gas segment will dominate the market in that timeframe. 6. Which region will dominate the market through the forecast period? North America holds the largest market share due to the presence of prominent technology suppliers, robust technology infrastructure, a surge in demand for CCUS technologies, and increasing carbon capture capacity by companies in the region, especially in the bioenergy sector. Market leaders include: AIR LIQUIDE AKER CARBON CAPTURE ASA BASF SE EXXON MOBIL CORP. FLUOR CORP. GE VERNOVA HONEYWELL INTERNATIONAL INC. LINDE PLC. MITSUBISHI HEAVY INDUSTRIES LTD. SFW SHELL PLC. SIEMENS ENERGY SVANTE TECHNOLOGIES INC. TOSHIBA CORP. TOTALENERGIES Related reports include: 2023 Advanced Materials Research Review: The 2023 Advanced Materials Research Review explores breakthroughs in sustainable, high-performance materials across industries like energy, aerospace, and healthcare. It highlights innovations in nanotechnology, biomaterials, and carbon capture materials shaping the future of science and engineering. Metal-organic Frameworks: Global Markets: This report analyzes the growing demand, applications, and market trends of MOFs in gas storage, carbon capture, and catalysis. The report highlights leading companies in the MOF industry players, technological advances, and future market potential. Navigate Uncertainty with Confidence In times of rapid change and uncertainty, having the right insights can make all the difference. At BCC Research, we're here to support innovation and help you stay ahead. Our custom research reports provide a comprehensive, 360-degree view of your market landscape—giving you the clarity you need to make informed decisions. We believe that timely, expert market intelligence should be accessible to all. That's why, for a limited time, we're offering 30% off the price of any BCC Research report to help more organizations gain access to our latest data and insights. Purchase a copy of the report direct from BCC Research. For further information on these reports or to purchase one, contact info@ About BCC Research BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities. Our experienced industry analysts' goal is to help readers make informed business decisions, free of noise and hype. Contact Us Corporate HQ: 50 Milk St., Ste. 16, Boston, MA 02109, USAEmail: info@ +1 781-489-7301 For media inquiries, email press@ or visit our media page for access to our market research data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. Logo:
Yahoo
20-05-2025
- Business
- Yahoo
Carbon Capture & Storage: The Key to a Greener Future
"Carbon Capture, Utilization, and Storage (CCUS) is a technology that captures carbon dioxide (CO₂) from industries and power plants before it reaches the air. The captured CO₂ is then either stored underground safely or reused to make useful products like fuels, chemicals, or building materials." BOSTON, May 20, 2025 /PRNewswire/ -- According to the latest study from BCC Research, the demand for Carbon Capture, Utilization & Storage Technologies is grow from $3.4 billion in 2024 and to $9.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 23.1% during the forecast period of 2024 to 2029. This report examines the global market for CCUS technologies, highlighting market dynamics. Market size is presented in both value (USD millions) and volume (thousand metric tons or MTs, equivalent to 2,205 lbs.), with "tonne" not used for consistency. It explores technological, competitive, and economic trends influencing the industry. Additionally, the report provides an overview of CCUS technology segments and analyses the global market by technology, services, industry, and region. The study concludes with profiles of 15 leading companies in the CCUS sector. Interesting facts The cost of CCUS is influenced by energy availability and pricing, which vary by region. China and Japan lead in CO₂-based polymer production, surpassing Western firms in R&D for utilizing captured carbon in the chemical industry. R&D efforts in CCUS primarily focus on cost reduction, especially in carbon capture, which represents about 75% of total capital expenditure. The U.S. DOE aims to lower carbon capture costs to under $40 per ton by 2025 and $30 per ton by 2035. The cement industry has recently adopted CCUS, with Heidelberg Materials Brevik leading the way with a 0.4 MTPA capture capacity. The sector is expected to scale up rapidly, reaching 16.5 MTPA by 2030. According to the IEA, CCUS could contribute to 25% of emissions reductions in iron and steel, 63% in cement, and over 80% in fuel transformation by 2050. Factors contributing to the growth include: Growing demand for carbon-neutral products: The rising demand for carbon-neutral products is driven by sustainability goals, consumer awareness, and regulatory pressure to reduce carbon footprints. Rise of CCUS hubs: The rise of CCUS hubs is accelerating large-scale carbon capture efforts by integrating industries, infrastructure, and storage solutions in key regions. Renewed momentum around CCUS projects: CCUS projects are gaining renewed momentum due to stronger climate policies, technological advances, and increased investments in decarbonization. Synergies with carbon dioxide removal (CDR) technologies: CCUS and carbon dioxide removal (CDR) technologies work together to reduce emissions, combining capture, storage, and direct air removal for deeper decarbonization. Request a Sample Copy of the report Carbon Capture, Utilization & Storage Technologies Report Synopsis Report Metric Details Base year considered 2023 Forecast period considered 2024-2029 Base year market size $2.8 billion Market size forecast $9.6 billion Growth rate CAGR of 23.1% for the forecast period of 2024-2029 Segments covered Technology, Service, Industry, and Region Regions covered North America, Europe, Asia-Pacific, South Africa, and the Middle East and Africa Market drivers • Growing demand for carbon-neutral products. • Rise of CCUS hubs. • Renewed momentum around CCUS projects. • Synergies with carbon dioxide removal (CDR) technologies. This report addresses the following questions: 1. What is the projected market size and growth rate? The global carbon capture, utilization & storage technologies market was valued at $2.8 billion in 2023 and is expected to reach $9.6 billion by the end of 2029 at a CAGR of 23.1%. 2. What are the factors driving the growth of the market? Government support for carbon capture projects, increasing demand from the oil and gas industry for enhanced oil recovery, and increasing focus on carbon credits are driving the market. 3. What market segments are covered in the report? The segments covered are technology, service, and industry. The technology segment includes pre-combustion, post-combustion, and oxy-fuel combustion technologies. The service segment includes carbon capture, transportation, storage, and utilization. The industry segment includes oil and gas, power generation, chemical and petrochemicals, and others, including cement, iron and steel, hydrogen, and ammonia. 4. Which service segment will be dominant over the forecast period? The carbon capture segment will dominate the market over the forecast period. 5. Which industry segment will be dominant? The oil and gas segment will dominate the market in that timeframe. 6. Which region will dominate the market through the forecast period? North America holds the largest market share due to the presence of prominent technology suppliers, robust technology infrastructure, a surge in demand for CCUS technologies, and increasing carbon capture capacity by companies in the region, especially in the bioenergy sector. Market leaders include: AIR LIQUIDE AKER CARBON CAPTURE ASA BASF SE EXXON MOBIL CORP. FLUOR CORP. GE VERNOVA HONEYWELL INTERNATIONAL INC. LINDE PLC. MITSUBISHI HEAVY INDUSTRIES LTD. SFW SHELL PLC. SIEMENS ENERGY SVANTE TECHNOLOGIES INC. TOSHIBA CORP. TOTALENERGIES Related reports include: 2023 Advanced Materials Research Review: The 2023 Advanced Materials Research Review explores breakthroughs in sustainable, high-performance materials across industries like energy, aerospace, and healthcare. It highlights innovations in nanotechnology, biomaterials, and carbon capture materials shaping the future of science and engineering. Metal-organic Frameworks: Global Markets: This report analyzes the growing demand, applications, and market trends of MOFs in gas storage, carbon capture, and catalysis. The report highlights leading companies in the MOF industry players, technological advances, and future market potential. Navigate Uncertainty with Confidence In times of rapid change and uncertainty, having the right insights can make all the difference. At BCC Research, we're here to support innovation and help you stay ahead. Our custom research reports provide a comprehensive, 360-degree view of your market landscape—giving you the clarity you need to make informed decisions. We believe that timely, expert market intelligence should be accessible to all. That's why, for a limited time, we're offering 30% off the price of any BCC Research report to help more organizations gain access to our latest data and insights. Purchase a copy of the report direct from BCC Research. For further information on these reports or to purchase one, contact info@ About BCC Research BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities. Our experienced industry analysts' goal is to help readers make informed business decisions, free of noise and hype. Contact Us Corporate HQ: 50 Milk St., Ste. 16, Boston, MA 02109, USAEmail: info@ +1 781-489-7301 For media inquiries, email press@ or visit our media page for access to our market research data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. Logo: View original content to download multimedia: SOURCE BCC Research LLC Sign in to access your portfolio
Yahoo
09-04-2025
- Politics
- Yahoo
Hawaiʻi Is Failing Special Education Students. Federal Cuts Could Make It Worse
This article was originally published in Honolulu Civil Beat. Mai Hall expected that her oldest child would automatically receive special education services for her autism, dyslexia and ADHD when she enrolled in a Kaimukī elementary school 10 years ago. But the school said Hall's daughter didn't need any additional support, insisting that she earned good grades and got along with her friends. It was only after Hall received training from a federally funded parent information center that she was able to successfully advocate for her daughter — and later, her son — to get the support services they needed. Parents of students with disabilities have long struggled to ensure their kids have the resources and support they need in public schools in Hawaiʻi, which ranks among the worst states in the nation when it comes to academic outcomes for special education students. Get stories like this delivered straight to your inbox. Sign up for The 74 Newsletter Today, Hall's daughter is attending college and her son is receiving the accommodations he needs to feel supported and happy at school. But Hall and other families are worried that potential cuts to federal funding and efforts to shutter the U.S. Department of Education will result in fewer services and learning opportunities for special education students. 'We really don't need to worry about our children's education any more than we already are,' Hall said. Education advocates and families say federal funding and regulation have played a key role in strengthening protections for special education students in Hawaiʻi, but it's unclear what oversight will look like moving forward. President Donald Trump cut the U.S. DOE's staff by nearly half last month, resulting in the closure of seven civil rights offices dedicated to processing student discrimination claims, including those related to disabilities. A recent executive order from the administration also aims to dismantle the U.S. DOE, and the administration has proposed shifting special education programs to the Department of Health and Human Services. But the health department doesn't have the staff or expertise to hold states accountable for following federal special education laws, said Meghan Burke, a professor at Vanderbilt University. A reduction in federal oversight may make it harder for Hawaiʻi families to receive support and resources for their children, said attorney Keith Peck, who leads the Advocacy Project providing legal representation to families seeking special education services. Federal funding is currently tied to Hawaiʻi's compliance with special education laws, Peck said, but he's worried the new administration may provide states with more flexibility and less accountability on how the money can be spent. 'If the funding is no longer linked to allowing the parents to assert their rights and dispute against the Department of Education, if the (Hawaiʻi) DOE no longer has to comply with those protections, then nobody will have any protections,' Peck said. Hawaiʻi's education department enrolls over 18,000 special education students and receives $50 million from the federal government each year to educate those children. To access the money, Hawaiʻi must submit annual data reports and comply with federal laws requiring schools provide special education students with necessary services, from physical therapy to one-on-one aids. Teachers, families and educational specialists work together to determine the specific services students with disabilities should receive in schools. But Hawaiʻi has fallen short of meeting federal benchmarks for the quality of special education services for the last decade, according to annual evaluations from the U.S. DOE. Hawaiʻi's special education students rank among the lowest in the nation in reading and math proficiency and learn in traditional classroom settings at lower rates than their peers on the mainland. Researchers and families say including students with disabilities in general education classrooms provides them with important opportunities to interact with their peers and raise their academic achievement. Leah Yim said she's lost count of the hundreds of meetings she's attended over the years to advocate for her two children with special needs. Yim's 6-year-old daughter currently receives speech therapy for her autism spectrum disorder, while her 15-year-old son has a nurse and aid accompanying him in class. He also receives services like physical and occupational therapy as part of his treatment after having a stroke in utero. Yim said she hasn't heard of any changes to her children's services so far, but worries that federal funding cuts could reduce the number of educators and specialists in schools, which already face a shortage of special education teachers. 'My worry would just be the amount of caseloads that they're carrying, and then how that would affect their quality of services one-on-one with our child,' said Yim, whose family also filed a lawsuit against the state education department in 2023 accusing a teacher at Kaiser High School of sexually abusing their son. While the U.S. DOE plays a key role in protecting the rights of special education students, the agency has limited enforcement powers. In the most extreme cases, the U.S. DOE can take away special education funding if states aren't complying with federal law, said Nathan Stevenson, an associate professor at Kent State University. In most cases, he said, the federal government steps in with grants or training to support states in areas where they're struggling. In Hawaiʻi, the federal government has provided a variety of aid, such as training sessions teaching staff how to resolve disputes with parents over special education services and collaborations with national centers to expand access to preschool for students with disabilities, said department spokesperson Krislyn Yano. The department declined an interview for this story. The U.S. DOE also has a regulatory branch, the Office of Civil Rights, dedicated to processing complaints from students who file claims of discrimination based on gender, race, age or disability against their schools. As of January 2025, Hawaiʻi had 32 pending cases in both public schools and universities, 17 of which had to do with students' disabilities. JD Hsin, an assistant professor at the University of Alabama, said recent staffing cuts to OCR and the closure of seven regional offices will make it much harder for the remaining employees to handle families' complaints and ensure states are providing special education students with the services they need. As of January 2025, OCR had over 12,000 pending cases that could take years to close and required in-depth investigations involving families, schools and federal attorneys. Now, with fewer staff on board, Hsin said, he's worried that many cases will be left unresolved, leaving families with no answers about the support their children should receive in school. 'Those are kids' lives,' Hsin said. 'These are just kids who want an education.' At the Hawaiʻi Disability Rights Center, Executive Director Louis Erteschik said he's most concerned about what accountability will remain if the U.S. DOE is dismantled and special education is moved to the Department of Health and Human Services. Already, he said, many students with disabilities aren't receiving the education they deserve under law. In 2019, Erteschik filed a complaint with the Office of Civil Rights arguing that students with disabilities weren't receiving adequate services because they were suspended at three times the rate of the rest of their peers. While Trump has proposed shifting special education oversight from the U.S. DOE to the Department of Health and Human Services, the move would require an act of Congress, said Jennifer Coco, interim executive director at The Center for Learner Equity. But there are ongoing worries that the federal government could reduce funding for students with disabilities, she said, adding that the U.S. DOE is already underfunding special education in schools and has consistently fallen short of its promise of covering 40% of the costs of providing services. Currently, the funding Hawaiʻi receives from the U.S. DOE makes up roughly 10% of what the state spends on special education. U.S. Rep. Jill Tokuda said the state would have to fill in the funding gaps if the federal government reduces its support for special education. But, she said, the uncertainty around the future of federal funding makes it hard for state lawmakers to plan on how they'll meet special education students' needs. 'I have great fears that we will go backwards in terms of actually providing the appropriate and adequate education to our special needs students,' Tokuda said. Federal funding for Hawaiʻi schools should remain roughly the same from this year to next year, according to a presentation Superintendent Keith Hayashi is slated to give to the Board of Education on Thursday. Peck at the Advocacy Project said he's most concerned that the federal government won't enforce the mandates that have historically accompanied its special education funding to states. With the administration's efforts to dismantle the U.S. DOE, the federal government will lack the staff and expertise needed to oversee states' compliance with special education law, he said. Hawaiʻi has a state equivalent of the federal special education law that also requires schools to meet the needs of students with disabilities, providing families with an extra layer of protection if the federal government stops enforcing its laws. But the state still needs an external source of enforcement to keep schools accountable, Peck said. It's unlikely the Hawaiʻi education department will take on the added responsibility of strengthening oversight over its schools, Erteschik said, adding that states don't have the same familiarity with special education law and requirements compared to the federal level. 'The state can't oversee itself by definition,' he said. This story was originally posted on Honolulu Civil Beat.
Yahoo
03-04-2025
- Business
- Yahoo
Kansas schools lose $22.6 million in COVID recovery funds
TOPEKA (KSNT) – The Kansas State Department of Education (KSDE) is working to get back $22.6 million in federal funding it was set to receive over the coming year. That money was earmarked to help students recover from learning gaps experienced during the COVID-19 pandemic. On Thursday, April 3, KSDE Communications and Recognition Programs director Denise Kahler announced in a news release that Education Secretary Linda McMahon had informed state education chiefs on Friday, March 28 that the U.S. Department of Education (U.S. DOE) was ending the liquidation period for the Education Stabilization Fund (ESF), effective immediately. The ESF is an investment of over $276 billion into state and institutional COVID-19 recovery and rebuilding efforts, managed by the U.S. DOE to prevent, prepare for and respond to the coronavirus impacts on education. Topeka Fire Department to host camp for young women Last year, the KSDE secured an extension to utilize its remaining ESF resources through March 28, 2026. The agency was set to use the remaining funds for training a programs aimed at accelerating student learning recovery from the pandemic. Kahler said the KSDE is seeking reinstatement of that fund. In the meantime, KSDE has directed its contracted service providers to pause all tasks related to contracts that would incur additional costs. To date, Kansas has spent nearly $1.96 billion in ESF funding. Keep up with the latest breaking news in northeast Kansas by downloading our mobile app and by signing up for our news email alerts. Sign up for our Storm Track Weather app by clicking here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
26-03-2025
- Politics
- Yahoo
AG Frey and U.S. Rep. Pingree highlight importance of state-level legal challenges to counter Trump
Rep. Chellie Pingree outside the U.S. Capitol. (Rep. Chellie Pingree via Facebook) U.S. Rep. Chellie Pingree and Maine Attorney General Aaron Frey said it's crucial for states to challenge President Donald Trump's executive orders and 'sham investigations,' emphasizing the legal avenues already used to counter several of the administration's actions. Frey, who was speaking alongside the 1st District representative during a tele-town hall Tuesday evening, highlighted cases Maine has joined challenging Trump's executive order about birthright citizenship and attempts to freeze federal funding, and U.S. Department of Education layoffs. He also addressed the federal investigations by the U.S. DOE and the U.S. Department of Health and Human Services that found Maine to be in violation of Title IX within a few days of being initiated — and did so without following any steps of a typical investigation, including interviews. Maine now faces several pending deadlines set by the various federal agencies to comply with the Trump administration's interpretation of Title IX, which views allowing transgender girls' access to sports, locker rooms and bathrooms as violating the federal law that bans sex-based discrimination. If the state does not challenge the findings in federal court, it will have to comply or risk losing millions in federal funding. Pingree and Frey discussed the tense exchange between Trump and Gov. Janet Mills, which prompted the directed investigations. 'We do have a situation where we have a federal administration that appears to be trying to please the president by targeting Maine and programs in Maine,' Frey said. 'It's hard not to see it as something that's been motivated by this desire to effectuate revenge, or effectuate some sort of animus that the President has for the state of Maine.' The remark came the same day that the acting head of the Social Security Administration Leland Dudek admitted to the New York Times that he temporarily halted several agency processes in the state that would have significantly inconvenienced Maine people because he was 'ticked at the governor of Maine for not being real cordial to the president.' Frey did not say Tuesday whether Maine would be filing a lawsuit challenging the Title IX investigations, but said, 'obviously, we're engaged. We are the state's attorney. We are working with the affected agencies.' Pingree also emphasized that the president does not have the power to unilaterally cut off funding to Maine, from Social Security to the temporary funding freeze ordered by the U.S. Department of Agriculture to research and grants to the University of Maine System. 'However you feel about a policy, the president does not have the power, just because of his executive order, to block funding to the states,' Pingree said. 'Congress can block funding to the states … but it can't be an edict of a president because he feels a certain way. He can't do it because of policy, he can't do it because he feels he was insulted.' SUPPORT: YOU MAKE OUR WORK POSSIBLE
