Opportunities for CO₂ Utilization Other Than EOR

The historical agreement on international climate change at COP21 in Paris in December 2015 by 196 nations has accelerated the efforts to lower impact on climate change. The agreement contains the ambitious long-term global goal to limit global warming to "well below 2°C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5°C". The International Energy Agency (IEA) has clearly stated that limiting global temperature rise to 2°C will require the energy sector to deploy carbon capture and storage (CCS). Hence, CO₂ capture and suitable CO₂ utilization option should be explored.