The Business of Offshore CO₂ Storage: A New Market for Maritime Infrastructure

Carbon capture and storage (CCS) is moving from a collection of demonstration projects toward a new infrastructure business. As of July 2025, 734 commercial CCS facilities were in operation or development, up from 628 a year earlier, while total capture capacity in the pipeline increased from 416 million tons per annum (Mtpa) to 513 Mtpa (64 Mtpa operational) (Figure 1).

Figure 1. Cumulative operating CCS facilities by region, 1972-2025 Source: Intelatus Global Partners’ interpretation of Global CCS Institute data. The number of operating facilities rose from 50 to 77 between 2024 and 2025, while 657 facilities were in different development stages in 2025 (Figure 2).

Figure 2. CCS facilities project pipeline, year-on-year change, 2024-2025 Source: Intelatus Global Partners’ interpretation of Global CCS Institute data. Commercially, this matters because more projects are moving from studies toward physical assets, contracted services, and long-duration operations.

An independent Intelatus Global Partners review identifies eight operating facilities and seven facilities under construction involving offshore CO₂ injection for geological storage or enhanced oil recovery (EOR), as of 2025.

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