Underground CO2 storage hits record 43.6 million tons in 2024

Global geological CO2 storage reached a record 48.1 million US tons (43.6 million metric tons) in 2024, more than double the 2016 level, according to Imperial College London's London Register report covering 70 projects in 17 countries. The US led with 23 projects storing 22.3 million tons, while Petrobras' Santos Basin project alone accounted for 15.7 million tons.

• Annual storage rose from 23.1 million tons in 2016 to 48.1 million in 2024
• US reported 23 projects storing 22.3 million US tons of CO2
• Petrobras Santos Basin stored 15.7 million tons, a third of the total
• Meeting the 1.5°C goal requires 1.1 billion tons per year by 2050