Carbon capture and utilization refers to a range of applications through which CO2 is captured and used either directly or indirectly in various products. CO2 is today primarily used in the fertilizer industry and for enhanced oil recovery and enhanced oil recovery. New uses such as producing CO2-based Synthetic fuels, chemicals and building aggregates are gaining momentum.

CO2 use does dot necessarily lead to emission reduction. Climate benefits associated with a given CO2 use depend on the source of the CO2 (natural, fossil, biogenic or air-captured), the product or service the CO2-based product is displacing, the carbon intensity of the energy used for the conversion process, and how long the CO2 is retailed in the product.