Carbon transport industry valued at $211B by 2060

Forecasts indicate that the carbon dioxide transportation industry will reach a value of $211 billion by 2060, with the capacity to transport 3 gigatons of carbon annually worldwide, including over 200 million tons crossing international borders. Long distances and emissions from Asian countries cause the region to dominate approximately 60% of investments in this sector, with a focus on developing infrastructure for carbon transport via pipelines and maritime shipping. The costs are twofold—pipeline infrastructure and shipping—determining the choice of method based on production volume and distance, with expectations of reducing transportation costs through the reuse of existing infrastructure. Japan faces significant challenges in meeting its domestic storage needs due to limited capacity, forcing it to ship large quantities of carbon across borders, which adds roughly $40 per ton to costs. By 2050, Japan is projected to need to export approximately 50 million tons of carbon annually across borders, with ongoing regulatory and logistical challenges likely to increase potential costs.

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