#235 This $100 BILLION Industry Is Hiding in Plain Sight! Big Oil's Bet on Carbon Capture


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Feb 18 2025 57 mins  

This week, we’re joined by Todd Bush, an expert in carbon capture, utilization, and storage (CCUS), with decades of experience supporting oil and gas companies in their decarbonization efforts. Todd has founded and sold multiple companies and is now leading decarbonfuse, a daily newsletter tracking deal activity in carbon capture and industrial decarbonization.

This conversation covers the current state of carbon capture, where the momentum is strongest, the biggest barriers to scaling CCUS, and how policy and investment shifts are shaping the industry. If you’re curious about where the carbon capture market is headed and how it intersects with industries like ethanol, hydrogen, and steel production, this is an episode you don’t want to miss!

🔍 Topics Covered in This Episode

**The first movers in carbon capture: ethanol, ammonia, and natural gas
**The difference between Class 2 vs. Class 6 wells and why it matters
**How carbon capture projects get financed and what returns investors expect
**The role of policy (45Q tax credits, permitting hurdles, and regulatory uncertainty)
**Utilization of CO2—who’s buying it and why
**Why Houston and the Gulf Coast are primed to be the epicenter of CCUS
**What’s needed for carbon capture to reach private equity scale

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Notes & Links:

Timestamps:
**0:00 Introduction to Carbon Capture
**3:50 The Journey into Carbon Capture Solutions
**6:55 Decarbonization Trends and Industry Perspectives
**10:01 Carbon Capture Technologies and Their Applications
**12:54 Regulatory Frameworks and Project Development
**15:55 Community Engagement and Project Success Factors
**19:41 Momentum in Carbon Capture and Community Engagement
**22:57 Technological Bottlenecks and Adoption Rates
**27:25 Talent Pool and Industry Transition
**32:03 Regulat

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