Mapping the carbon capture market for SBM Offshore
An extensive market study was carried out into the global CCS market, with a specific focus on offshore applications. The outcome was a PDF report covering projects, market players, policy developments and financial flows.
Domain
Sustainability and ESG
Approach
Desk research
Deliverable
PDF report
SBM Offshore operates in offshore energy infrastructure, a sector under growing pressure to reduce carbon emissions in a structural way. Within that context, carbon capture and storage is an evolving market where technologies, policy frameworks and value chains are all still developing. For a company with offshore expertise and strategic growth ambitions, the key question was where meaningful opportunities might emerge.
That question required dedicated research capacity. Internally, there was not enough room to map the global CCS landscape at the required depth and speed, while the need for strategic direction was already there.
The challenge
SBM Offshore needed a clear view of the global carbon capture market, with particular attention to offshore use cases. The research had to show who the relevant players are, how funding and value flows move through the market, which policy measures matter and where opportunities for value creation may lie.
Blackbear's role
Blackbear helped define the scope tightly from the start. The assignment focused on market analysis and strategic orientation, while technology development, financial modelling and legal assessment remained outside scope. That made it possible to keep the work targeted and useful. A specialist with experience in market research, sustainability and strategy was then connected to the project, with room for interim feedback before the final delivery.
Result
SBM Offshore received a PDF report with a broad overview of the global CCS market, including market participants, offshore and onshore projects, financial flows, carbon credits and relevant policy by region. This gave the internal team a grounded basis for strategic choices around possible positioning in the CCS value chain.
