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Polluters Desperate to Clean Up Drive Demand for Carbon Capture

The European Union’s climate ambitions are pushing more companies to seek services and technology to trap and store carbon-dioxide emissions.

   

Photographer: Chris Ratcliffe/Bloomberg

As the European Union gets serious about fighting climate change, experts are fielding more calls than ever from polluters seeking help to trap, process and store their carbon emissions.

The business of capturing emissions from industrial plants that make everything from cement to energy will get a push from the European Commission’s ambitious climate plan and a continued rally in carbon permits, as widely forecast by analysts, traders and utilities. While the industry isn’t profitable yet, operators expect it will be soon.