Resumen
Carbon capture and utilization (CCU) is the process of capturing unwanted carbon dioxide (CO2) and utilizing for further use. CCU offers significant potential as part of a sustainable circular economy solution to help mitigate the impact of climate change resulting from the burning of hydrocarbons and alongside adoption of other renewable energy technologies. However, implementation of CCU technologies faces a number of challenges, including identifying optimal pathways, technology maturity, economic viability, environmental considerations as well as regulatory and public perception issues. Consequently, this research study provides a critical analysis and evaluation of the technology pathways for CCU in order to explore the potential from a circular economy perspective of this emerging area of clean technology. This includes a bibliographic study on CCU, evaluation of carbon utilization processes, trend estimation of CO2 usage as well as evaluation of methane and methanol production. A value chain analysis is provided to support the development of CCU technologies. The research study aims to inform policy-makers engaged in developing strategies to mitigate climate change through reduced carbon dioxide emission levels and improve our understanding of the circular economy considerations of CCU in regard to production of alternative products. The study will also be of use to researchers concerned with pursuing empirical investigations of this important area of sustainability.