China is making significant strides in CCUS technology development, leading the world in CCUS-related patents. The country has issued about 80 national policies related to CCUS and included it in its five-year plan for 2021-2025. However, challenges remain in scaling up implementation nationwide due to the lack of a successful business model and the absence of a mandatory legal framework.

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Upscaling CCUS efforts might be the next step in China’s green tech push | KrASIA

Late last year, California Resources Corporation (CRC), one of the state’s largest oil and gas producers, secured draft permits from the US Environmental Protection Agency to develop a new type of well in the oil field, which it asserts would provide just that. If the company gets final approval from regulators, it intends to drill a series of boreholes down to a sprawling sedimentary formation roughly 6,000 feet below the surface, where it will inject tens of millions of metric tons of carbon dioxide to store it away forever.

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MIT Technology Review

The International Energy Forum (IEF) reports that Saudi Arabia has the potential to become a global leader in Carbon Capture, Utilization, and Storage (CCUS) technology. Saudi Arabia is expected to emerge as the global leader for CCUS by 2027 with the opening of the world's largest carbon capture project.

The IEF published two reports on carbon management in the Middle East and North Africa (MENA) region, exploring opportunities and challenges for expanding CCUS through regulatory frameworks and market growth. The reports highlight that many MENA countries, including Saudi Arabia and the UAE, have a well-established track record in CCUS and have the opportunity to become leaders in deploying CCUS solutions.

The article mentions that these reports will support countries in expanding CCUS deployment and achieving their climate goals. This article underscores the growing importance of CCUS technology in the MENA region, particularly highlighting Saudi Arabia's potential to become a global leader in this field.

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Saudi Arabia can become a leader in carbon capture technology: IEF | Arab News

The European Union is facing challenges in meeting its 2030 net-zero targets, with investments in clean technologies, including CCUS, falling behind the US and China. The EU's capital investments in clean technologies totaled $125 billion in 2023, but projections indicate a shortfall in CO2 injection capacity of about 63% by 2030 compared to targets.

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Rystad Energy: EU’s 2030 net-zero targets out of reach as clean tech investments fall behind US and China