The earliest CCUS technology was used for enhanced oil recovery, meaning the carbon dioxide is pumped into an oil field to help oil companies retrieve more oil from the ground, Howard Herzog, a senior research engineer at the MIT Energy Initiative and author of the book 'Carbon Capture,' tells CNBC. There are currently 21 large-scale CCUS commercial projects around the globe where carbon dioxide is taken out of factory emissions, according to the International Energy Agency, a Paris-based intergovernmental energy organization.
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