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Carbon Capture, Utilization, And Storage Global Market to Reach $6.78 Billion by 2031

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Dublin, Nov. 08, 2022 (GLOBE NEWSWIRE) — The “Carbon Capture, Utilization, And Storage Global Market Opportunities And Strategies To 2031” report has been added to ResearchAndMarkets.com’s offering.

The carbon capture, utilization, and storage market reached a value of nearly $2,006.9 million in 2021, having grown at a compound annual growth rate (CAGR) of 4.7% since 2016. The market is expected to grow from $2,006.9 million in 2021 to $3,550.1 million in 2026 at a rate of 12.1%. The market is then expected to grow at a CAGR of 13.8% from 2026 and reach $6,789.5 million in 2031.

Growth in the historic period resulted from the strong economic growth in emerging markets, increase in focus on reducing carbon dioxide (CO2) emissions, increased demand from the medical industry and increase in demand for energy consumption

Going forward, with carbon capture providing financially lucrative opportunities, supportive government initiatives, increase in investments, growing demand from the oil and gas industry and implementation of COP26 to limit global warming will drive the growth. Factors that could hinder the growth of the carbon capture, utilization, and storage market in the future include high capital cost and the Russian-Ukrainian war.

The carbon capture, utilization, and storage market is segmented by technology into pre-combustion, post combustion, and oxy-fuel combustion. The post combustion market was the largest segment of the carbon capture, utilization, and storage market segmented by technology, accounting for 53.8% of the total in 2021. Going forward, the oxy-fuel combustion market is expected to be the fastest growing segment in the carbon capture, utilization, and storage market segmented by technology, at a CAGR of 53.8% during 2021-2026.

North America was the largest region in the carbon capture, utilization, and storage market, accounting for 34.3% of the total in 2021. It was followed by Asia Pacific, and then the other regions. Going forward, the fastest-growing regions in the carbon capture, utilization, and storage market will be Asia Pacific, and, Middle East where growth will be at CAGRs of 15.0% and 13.8% respectively. These will be followed by Africa, and, South America where the markets are expected to grow at CAGRs of 13.7% and 12.1% respectively.

The global carbon capture, utilization, and storage market is fairly concentrated. The top ten competitors in the market made up to 35.59% of the total market in 2021. Major companies are focusing on investing in carbon capture, utilization, and storage projects to reduce carbon emissions. The increasing investments by governments and organizations are an emerging trend in the carbon capture, utilization, and storage market. Shell plc was the largest competitor with 15.02% share of the market, followed by Aker Solutions with 3.91%, Linde PLC with 3.84%, Fluor Corporation with 2.96%, Mitsubishi Heavy Industries, Ltd. with 2.88%, Equinor with 2.18%, Carbon Engineering Ltd. with 1.42%, Schlumberger Limited with 1.32%, Exxon Mobil Corporation with 1.09%, and JGC Holdings Corporation with 0.99%.

To take advantage of the opportunities, the publisher reccomends the carbon capture, utilization, and storage companies to focus on carbon dioxide supply to greenhouses, focus on direct air capture, focus on artificial intelligence (AI) in carbon reduction, expand in emerging markets, scale up through partnership and acquisition activity, provide competitively priced offerings, increase carbon pricing, government initiatives, use big data analytics to mitigate carbon emissions and targeting citizens to spread awareness.

Scope

Markets Covered:

  1. By Technology: Pre Combustion; Post Combustion; Oxy Fuel Combustion
  2. By Services: Capture; Transportation; Utilization; Storage
  3. By End-Use Industry: Oil & Gas; Power Generation; Iron and Steel; Chemical and Petrochemical; Cement; Other End-Use Industries.

Key Topics Covered:

1. Carbon Capture, Utilization, And Storage Market Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction

7. Carbon Capture, Utilization, And Storage Market Characteristics

8. Carbon Capture, Utilization, And Storage Market Trends And Strategies

9. Carbon Capture And Utilization

10. Impact Of COVID-19 On The Carbon Capture, Utilization, And Storage Market

11. Global Carbon Capture, Utilization, And Storage Market Size And Growth

12. Global Carbon Capture, Utilization, And Storage Market Segmentation

14. Asia-Pacific Carbon Capture, Utilization, And Storage Market

15. Western Europe Carbon Capture, Utilization, And Storage Market

16. Eastern Europe Carbon Capture, Utilization, And Storage Market

17. North America Carbon Capture, Utilization, And Storage Market

18. South America Carbon Capture, Utilization, And Storage Market

19. Middle East Carbon Capture, Utilization, And Storage Market

20. Africa Carbon Capture, Utilization, And Storage Market

21. Carbon Capture, Utilization, And Storage Market Competitive Landscape And Company Profiles

22. Key Mergers And Acquisitions In The Carbon Capture, Utilization, And Storage Market

23. Carbon Capture, Utilization, And Storage Market Opportunities And Strategies

24. Carbon Capture, Utilization, And Storage Market, Conclusions And Recommendations

25. Appendix

Companies Mentioned

  • Shell plc
  • Aker Solutions
  • Linde PLC
  • Fluor Corporation
  • Mitsubishi Heavy Industries, Ltd

For more information about this report visit https://www.researchandmarkets.com/r/of8fmg

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Ancoris Recognised as Top Place to Work for Second Year Running by The Sunday Times

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Ancoris recognised for fostering a sense of empowerment and respect within the workplace91% of Ancoris employees feel empowered at work93% of employees say that are treated with respectLONDON, May 21, 2024 /PRNewswire/ — Ancoris, a UK-based Google Cloud services provider, has been named a Top Medium Business in The Sunday Times 2024 Best Places to Work list. The accolade has been awarded for the second year in a row, and recognises Ancoris’ focus on DEI; its commitment to empowerment, reward, and recognition; and its wellbeing policies and frameworks.

“I am so pleased to see Ancoris recognised, once again, as a top place to work!” says Andre Azevedo, Ancoris CEO. “Ancoris is a place where we try our best to foster collaboration, empowerment, innovation, and respect – so to have our employees echo this and respond in the way they have is amazing.”
The Sunday Times survey captured Ancoris employees’ responses in a number of categories: Reward and Recognition, Information Sharing, Empowerment, Wellbeing, Instilling Pride, and Job Satisfaction. The independently managed survey showed Ancoris scoring “excellent” across all six engagement categories, with top scores in Empowerment, Wellbeing, Reward & Recognition. In response, 93% of employees say they are treated with respect; 92% feel trusted and able to make decisions; and 91% of employees feel empowered at work.
“We’ve seen a lot of change over the last 12 months. The rise of Generative AI has caused shifts in our market and  economic conditions are causing customers to really qualify where they make technology investments. These pivots undoubtedly have an impact on our employees and how people feel at work,” Azevedo continues. “I truly believe, however, the innovative work we are doing for our customers has helped us maintain and create an even stronger sense of collaboration and pride for our team members. We’re lucky to have so many smart people within our business, so continuing to give them interesting, challenging, and rewarding problems to solve for our customers is really key.”
About AncorisAncoris is a leading Google Cloud Services Provider, headquartered in the UK, on a mission to become the most innovative Google Cloud partner in the ecosystem. Ancoris leverages its strong problem solving skills and continuous improvement approach to help customers become AI Native and stay ahead of their competition. Ancoris has extensive experience in Google Cloud technologies helping enterprises integrate AI-native solutions into their business through expertise in Data & AI, Application and Infrastructure Modernisation, Workspace, and Maps. Ancoris was recognized as a Rising Star for Data, Analytics, and Machine Learning in the ISG Provider™ Lens for Google Cloud Partner Ecosystem in 2022 and 2023 consecutively, and awarded Google Cloud’s 2024 EMEA Public Sector Partner of the Year award. Ancoris employs the best in the business and was named in the Top 10 Sunday Times Best Places to Work 2023, and a Top Place to Work in 2024.
Contact: Holly [email protected]
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Department of Health – Abu Dhabi Partners with Roche Pharmaceuticals Middle East to Elevate Research, Clinical Trials, and Real-World Data

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ABU DHABI, UAE, May 21, 2024 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, signed a Memorandum of Understanding (MoU) with Roche Pharmaceuticals Middle East during Abu Dhabi Global Healthcare Week (ADGHW). Under the MoU, the two entities will advance critical research using real-world data to study and assess the spinal muscular atrophy burden in Abu Dhabi, as well as assessing potential conduction of research and the facilitation of real-world data collection to monitor Duchenne Muscular Dystrophy (DMD) disease.

 
 
In the presence of Dr. Rashed Alsuwaidi, the Executive Director of the Healthcare Workforce Planning Sector at DoH and Michael Oberreiter, Head of Global Access at Roche Pharmaceuticals, the MoU was signed by Dr. Asma Al Mannaei, the Executive Director of the Research and Innovation Centre at DoH and Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE.
Dr. Asma Ibrahim Al Mannaei, Executive Director of the Research and Innovation Center at the at DoH said: “Abu Dhabi has a track record of excellence and fast-growing, future-forward, data-enabled services. Serving as a hub for healthcare data, Abu Dhabi’s substantial computing power enables it to harness the potential within this data, transforming it into valuable information. This, in turn, allows us to innovate and develop novel approaches to shift healthcare towards prediction, prevention, and treatment, thereby accelerating the future of healthcare, not only for Abu Dhabi but for the global community. Through international collaborations, Abu Dhabi seeks to lead research groups supported by global partners to explore the resilience and sustainability of the healthcare sector worldwide as well as expand access to quality care for patients around the world.”
The two entities will work together to support the evolution of real-world data collection frameworks in Abu Dhabi. Enhancing DoH’s ability to track and monitor outcomes of therapies will support DoH in making informed clinical and policy decisions for better optimisation of patient outcomes. Furthermore, DoH and Roche will strengthen the research network across Abu Dhabi and improve accrual for potential clinical trials.
Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE said: “This MoU underscores our collaboration with the DoH which is fuelled by a shared vision of harnessing the power of data to drive informed decision-making within the healthcare system. Data-driven healthcare systems hold immense potential to revolutionise patient care and outcomes. Through the generation, utilisation, and realisation of data, healthcare professionals and policymakers can unlock valuable insights, identify trends, and make evidence-based decisions. This data-driven approach enables us to optimise resource allocation, personalise treatment approaches, and ultimately achieve better patient outcomes. By harnessing the full potential of data, we can improve the overall efficiency and effectiveness of the healthcare system, ensuring that every patient receives the highest quality of care tailored to their specific needs. We are sincerely grateful for the trust, confidence, and empowerment the DoH has placed in establishing this effective public-private partnership with Roche in the UAE.”
Held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, ADGHW is a major government initiative by the DoH, which took place from the 13th -15th May 2024.
For more information please visit: https://www.adghw.com/
About Department of Health – Abu Dhabi (DoH):
The DoH is the regulatory body of the healthcare sector at the Emirate of Abu Dhabi and ensures excellence in healthcare by monitoring the health status of the population. DoH defines the strategy for the health system, monitors and analyses the health status of the population and performance of the system. In addition, DoH shapes the regulatory framework for the health system, inspects against regulations, enforce standards, and encourages adoption of world-class best practices and performance targets by all healthcare service providers in the Emirate. DoH also drives programmes to increase awareness and adoption of healthy living standards among the residents of the Emirate of Abu Dhabi in addition to regulating scope of services, premiums and reimbursement rates of the health system.
For further information on DoH, visit https://www.doh.gov.ae/ and follow on X, Instagram, Facebook, LinkedIn and YouTube.
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Biopharma Leaders Shape the Future of Drug Development at Veeva R&D and Quality Summit Europe

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Ascendis, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva to keynote sharing innovations to drive better patient outcomes
BARCELONA, Spain, May 21, 2024 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced that leaders from Ascendis Pharma A/S, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva will be keynote speakers at Veeva R&D and Quality Summit, Europe, June 4-5 in Madrid, Spain. Life sciences professionals across the industry will come together to share how connected technologies across clinical, regulatory, safety, and quality are advancing innovations for patients.

As one of the largest gatherings of biopharma leaders in Europe, Veeva R&D and Quality Summit will bring together over 1,000 industry professionals to share learnings across more than 100 sessions. Bayer and Jazz Pharmaceuticals will join Rik Van Mol, senior vice president of Veeva Development Cloud, and Avril England, general manager of Veeva Vault, for the opening keynote to explore the future of development for new medicines and therapies.
The event’s zone keynotes include:
Ascendis and Bayer, sharing strategies to reduce costs and accelerate trials with a connected platform.Boehringer Ingelheim, detailing its shift toward data-centric regulatory information management.Novo Nordisk, showing how it uses data and AI to transform clinical research.Sanofi, explaining its innovative approach to advance quality through operational excellence.Teva, providing insight into its rapid journey from disparate safety systems into one streamlined global solution.A panel with Elpida Therapeutics CEO Terry Pirovolakis and Veeva experts will close the event with a discussion on how the industry can best accelerate the development of life-saving rare disease gene therapies.
“Connecting clinical, regulatory, safety, and quality is key to advancing the product lifecycle and delivering better outcomes for patients,” says Rik Van Mol, senior vice president of Veeva Development Cloud. “At Veeva R&D and Quality Summit, biopharma leaders can connect, exchange ideas, and share new strategies to advance the industry forward together.”
Veeva R&D and Quality Summit is open exclusively to life sciences professionals. Register and review the agenda at veeva.com/eu/Summit.
Additional InformationConnect with Veeva on LinkedIn: linkedin.com/company/veeva-systems
About Veeva SystemsVeeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world’s largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com/eu.
Veeva Forward-looking StatementsThis release contains forward-looking statements regarding Veeva’s products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-K for the fiscal year ended January 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 9 and 10), and in our subsequent SEC filings, which you can access at sec.gov.
Contact:
Jeremy WhittakerVeeva [email protected]
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