Rivers flowing from a melting glacier in Mt. Cook National Park

Unlocking nature's carbon-capture potential

Biogenic carbon capture presents a promising opportunity in global efforts to meet net-zero targets.

Within the carbon capture, utilisation, and storage (CCUS) framework, this method entails capturing carbon dioxide (CO2)
emissions from processed biomass, and presents dual pathways: either permanently storing it in the deep-subsurface (storage) or repurposing it in a variety of applications (utilisation). This approach creates opportunities for substantial benefits and potential for carbon removal efforts through collaborative initiatives among agriculture, forests and industries.

Carbon Capture, Utilisation and Storage (CCUS) value chain

EU industrial carbon management strategy

The EU industrial management strategy targets a single CO2 market in Europe, fostering investment in carbon management technologies like carbon capture and storage (CCS) and carbon capture and utilisation (CCU).

Atmospheric and biogenic CO2 capture is projected to notably rise by 2040–2050, as outlined in the EU strategy.

Projected carbon capture scale by strategy between 2030–2050 (MtCO2)
Projected carbon capture scale by strategy between 2030–2050 (MtCO2)
Projected share of carbon dioxide captured in 2040 and 2050 (%)
Projected share of carbon dioxide captured in 2040 and 2050 (%)

Potential of biogenic CO2 capture in pulp mills

Pulp mills worldwide offer a unique opportunity to mitigate emissions by capturing and storing large quantities of biogenic CO2, emitted from biomass fuel usage.

Pulp mills already produce valuable bio-products, and the addition of CO2 capture and storage can enable an overall negative emissions process.

Regional breakdown of biogenic CO2 capture potential from pulp mills worldwide (1000 t CO2/a)
Regional breakdown of biogenic CO2 capture potential from pulp mills worldwide (1000 t CO2/a)

Range of carbon credit prices

Permanent technical removals receive premium prices in voluntary markets, providing very long-term carbon storage, unlike nature-based solutions, which offer more temporary storage, with carbon often re-released into the atmosphere over years or decades.

Bioenergy with carbon capture and storage (BECCS) is a crucial solution for permanent carbon removal, presenting an opportunity for significant expansion.

Global prices for carbon credits since 2020 (USD/t)
Global prices for carbon credits since 2020 (USD/t)

E-fuel demand expected to surge by 2050

Biogenic carbon capture and utilisation converts CO2 derived from sustainably sourced biomass, into a fossil-fuel alternative essential for decarbonising industries, such as transportation.

CO2 regulations and growing environmental consciousness are driving an increasing demand for renewable fuels, offering significant greenhouse gas savings.

Forecasted e-fuel demand across transportation sectors between 2030 and 2050 (mt)
Forecasted e-fuel demand across transportation sectors between 2030 and 2050 (mt)

Sources: AFRY, Carbonfuture, CDR.FYI, European Commission, Ernst & Young, Frontiers, IEA, Platts, Klement, J., Rootzén, J., Normann, F., & Johnsson, F. (2021). “Supply Chain Driven Commercialisation of Bio Energy Carbon Capture and Storage.”, Kuparinen, K., Vakkilainen, E.,Tynjälä, T. (2019). “Biomass-based carbon capture and utilization in kraft pulp mills”

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AFRY Management Consulting

Leading advisor for the transitions of the energy and bioindustry sectors. Providing solutions for generations to come.