On November 30, 43 leading industrial and research stakeholders from across Europe gathered in Brussels, Belgium to launch "CO2 Value Europe", a new European association dedicated to carbon dioxide (CO2) utilisation. Its mission is to promote the development and market deployment of sustainable industrial solutions that convert CO2 into valuable products, in order to contribute to the net reduction of global CO2 emissions and to the diversification of the feedstock base.
Commonly referred to as Carbon Capture and Utilisation (CCU), carbon dioxide (CO2) utilization is a broad term that covers all established and innovative industrial processes that transform CO2 into a variety of valuable products such as chemical building blocks, synthetic fuels or building materials.
According to a statement, CO2 utilisation has the potential to become “one of the major growth areas” in Europe’s future low carbon economy by offering solutions to reduce the carbon footprint of hard-to decarbonize sectors such as energy-intensive process industries or transportation, and by sequestering CO2 permanently in building materials produced by carbonation of mineral waste.
