![]() Revenue is impressive, with Fluor reporting an order backlog of $26 billion across businesses in Q3 of 2023. So, Fluor will leverage on its technology to seek further growth in the carbon capture business. Notably, FLR’s technology has is already being used in 30 facilities over the last few decades. In the partnership, Fluor will be providing its proprietary Econamine FG Plus carbon capture technology. In June, Fluor and Carbfix announced a collaboration to pursue integrated carbon capture and storage ( CCS) solutions. With FLR stock trading at a forward price-earnings ratio of 14.4, it seems like a good accumulation opportunity. However, the energy solutions segment is involved in business that include carbon capture, renewable fuels, waste-to-energy, among others. Let’s discuss three names that look attractive.įluor Corporation (NYSE: FLR) is an engineering, procurement, and construction company. Over a five-year horizon, a few multibagger stocks are likely from the sector. The multi-fold growth in CO2 capture will translate into strong revenue and cash flow upside for the best carbon capture companies. Therefore, robust growth visibility exists even beyond the decade. It’s expected that by 2030, CO2 being captured will increase to 279 million tons, accounting for just 0.6% of today’s emissions. This makes a strong case for investing in some of the best carbon capture stocks.Īnd, with growth potential, the amount of CO2 being captured today is 43 million tons. According to the International Energy Agency, “ 40 commercial facilities are already in operation applying carbon capture, utilization and storage.” Further, growth estimates for the industry are optimistic through the decade. If we look at some of the major trends towards decarbonization, carbon capture is becoming increasingly relevant. Massachusetts Institute of Technology, Climate Portal.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Department of Energy, National Energy Technology Laboratory. “ Biden-Harris Administration Announces Up to $1.2 Billion for Nation’s First Direct Air Capture Demonstrations in Texas and Louisiana.” “ Fact Sheet: Biden-Harris Administration Advances Cleaner Industrial Sector to Reduce Emissions and Reinvigorate American Manufacturing.” ![]() “ How (and Why) to Boost Carbon Capture, Usage and Storage to Move Towards Net Zero.” “ Carbon Capture, Utilisation and Storage.” “ Popularization of Carbon Capture and Storage Technology in Society: Principles and Methods.” International Journal of Environmental Research and Public Health, Vol. “ The Carbon Capture Scam.”Īlexey Cherepovitsyn, Tatiana Chvileva, and Sergey Fedoseev, via National Center for Biotechnolgy Information. “ Carbon Removal Hype Is Becoming a Dangerous Distraction.”įood & Water Watch. “ Climate Change 2023 Synthesis Report: Summary for Policymakers,” ( of PDF). Intergovernmental Panel on Climate Change. Massachusetts Institute of Technology, Climate Portal. ![]() “ What’s the Difference Between Geologic and Biologic Carbon Sequestration?” “ The Dream of Carbon Air Capture Edges Toward Reality.” ![]() Yale School of the Environment, Yale Environment 360. “ Timely Advances in Carbon Capture, Utilisation and Storage.” “ Pre-Combustion Carbon Capture Research.” Department of Energy, Office of Fossil Energy and Carbon Management. “ CO 2 Capture Technology: CO 2 Capture Process.” ![]()
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