An important technology now being assessed to support decarbonization goals is CO2 capture, utilization, and storage (CCUS). CO2 capture technologies can reduce emissions from industrial processes and power generation by up to 90%. In this study, we review the main components of business models and emphasize the key area to be emphasized when developing a CCUS business model. A business model for CCUS application should be distinguished at the value proposition stage for the three archetypes (resource recovery, green growth, low carbon grid).
The results of the study indicate that there is a possible overlap between the value propositions of CCUS projects. A successful business model needs to highlight the value proposition in terms of value creation and delivery in CCU solutions in specific industries. This would ensure consistent comparison across the global studies.
