Doosan’s 2025 CCUS Strategy: From UK Projects to Global Decarbonization Leadership

Doosan’s Commercial Scale Projects Signal Shift from Bidding to Execution in 2025

Doosan has strategically evolved its Carbon Capture, Utilization, and Storage (CCUS) focus from securing foundational UK-based engineering contracts between 2021-2024 to executing large-scale global projects and integrating capture technology across its energy portfolio in 2025.

• Between 2021 and 2024, Doosan’s efforts were concentrated on winning Front-End Engineering and Design (FEED) contracts in the United Kingdom through a consortium with Aker Solutions and Siemens Energy. This resulted in key roles in major decarbonization hubs like the Net Zero Teesside Power project and the Keadby 3 Carbon Capture Power Station, which aims to capture up to 1.5 million metric tons of CO 2 annually.
• The strategy shifted in 2025 toward global execution and market diversification, highlighted by the massive $1.54 billion contract secured in March 2025 for the CCUS-ready Rumah 1 and Nairyah 1 power plants in Saudi Arabia. This was followed by a series of contract wins in the Middle East and a pivotal entry into the U.S. market, supplying gas turbines for data centers.
• In 2025, Doosan also began deploying its technology into new applications, including a pilot program with shipping company Navig 8 to install a Solid Oxide Fuel Cell (SOFC) system on a 50, 000-tonne chemical tanker. This move demonstrates a clear expansion from stationary power generation to decarbonizing hard-to-abate sectors like maritime transport.

Doosan’s Strategic Investments Target Technology Integration and New Market Applications

Doosan’s investment strategy has transitioned from funding early-stage technology pilots before 2025 to direct capital allocation aimed at commercializing integrated energy systems and entering new high-growth markets.

• Before 2025, Doosan’s financial involvement was primarily through hosting externally funded pilots, such as the £5 million UK government-backed demonstration of Carbon Clean’s Cyclone CC technology at its Scotland test facility in 2021. This allowed the company to vet next-generation capture technologies with minimal direct capital outlay.
• In September 2025, Doosan Corp. signaled a major strategic shift by establishing a $75 million fund dedicated to investing in new technologies, including green energy and fuel cells. This fund is designed to build long-term synergies across its businesses and accelerate the internal development of proprietary solutions like CCUS.
• The company also committed to a project exceeding $60 million in August 2025 to supply fuel cells for a large-scale smart farm. This investment demonstrates the application of its technology in diverse, energy-intensive sectors where integrated CCUS can provide a decarbonization pathway.

Table: Doosan’s CCUS-Related Investments and Market Funding

Doosan’s 2025 Partnership Strategy Targets Technology Integration and Global Market Entry

Doosan has leveraged partnerships to transition from a UK-focused EPC consortium model between 2021-2024 to a multifaceted global strategy in 2025, forming alliances to integrate technology, enter the high-growth AI power market, and decarbonize new sectors like maritime.

• The period from 2021 to 2024 was defined by the powerful consortium with Aker Solutions and Siemens Energy, which was purpose-built to secure large-scale CCUS project contracts in the UK, successfully winning FEED work for Net Zero Teesside and Keadby 3.
• In 2025, Doosan’s partnerships became more technologically and geographically diverse. The alliance with Amazon, X-energy, and KHNP on a $50 billion SMR deployment for AI data centers marked a pivotal entry into providing carbon-free power for the digital economy.
• Technology integration became a key driver in 2025, evidenced by the partnership with Ceres Power for mass production of SOFC systems and a collaboration with KHNP to develop a fuel cell carbon capture system with over 90% efficiency.
• Doosan also expanded its partnerships into new industrial applications in 2025, joining with Navig 8 and Shell to develop and pilot SOFC systems for decarbonizing marine vessels, moving its technology into the hard-to-abate shipping sector.

Table: Doosan’s Evolving CCUS and Clean Energy Partnership Network

Doosan Expands Geographic Focus from UK to Global Markets in 2025

Doosan has successfully diversified its geographical footprint for clean energy and CCUS, moving from a heavy concentration on the United Kingdom between 2021-2024 to securing major commercial wins across the Middle East, the United States, and Southeast Asia in 2025.

Global CCUS Market Hotspots Emerge

This map highlights the key regional markets for Carbon Capture, Utilization, and Storage. Doosan’s strategic expansion from the UK targets these high-growth areas in North America, the Middle East, and Asia.

(Source: SNS Insider)

• From 2021 to 2024, Doosan’s international CCUS activity was almost exclusively centered on the UK market. The company, through its subsidiary Doosan Babcock, focused its efforts on securing roles in government-backed industrial clusters like Net Zero Teesside and the Humber, leveraging local expertise and partnerships.
• The year 2025 marked a significant global expansion, with the Middle East emerging as a primary growth market. Doosan Enerbility secured over $1.5 billion in contracts for CCUS-ready power plants in Saudi Arabia and additional turbine supply agreements in Qatar, establishing a dominant position in the region’s energy transition.
• Doosan also made a strategic entry into the North American market in December 2025 with its first-ever export of gas turbines to a U.S. data center project. This move positions the company to capitalize on the massive energy demand from the AI sector with its decarbonization-ready hardware.
• In Southeast Asia, Doosan established a beachhead by signing an MOU in June 2024 with Thailand’s GPSC to explore CCUS and ammonia co-firing, followed by a similar agreement with the Philippines’ Meralco. This replicates its partnership-led model to enter developing energy markets.

Doosan’s CCUS Technology Advances from Pilot Stage to Commercial Integration

Doosan’s CCUS technology has matured from supporting pilot-scale demonstrations and early-stage engineering studies in 2021-2024 to full-scale commercial integration and proprietary system development in 2025.

• During the 2021-2024 period, Doosan’s role was primarily as an enabler and evaluator of emerging technologies. This was exemplified by its hosting of the Carbon Clean Cyclone CC pilot in 2021 and conducting FEED studies for large-scale, post-combustion capture plants in the UK.
• In March 2025, Doosan announced a significant technological milestone with the successful development of its own fuel cell carbon capture system, co-developed with KHNP, which demonstrated a capture efficiency of over 90%. This marked a shift from piloting external tech to developing proprietary, highly efficient solutions.
• Commercial-readiness was further validated in July 2025 when Doosan Fuel Cell began mass production of SOFC systems, which are specifically designed for integration with carbon capture. This move operationalized its strategy of embedding CCUS capabilities directly into its core energy products.
• The company’s commercial contracts in 2025, such as the $1.54 billion deal for the Rumah 1 and Nairyah 1 plants, explicitly include provisions for future CCUS integration, confirming that its technology is now being deployed at an industrial and commercially bankable scale.

Doosan SWOT Analysis: A Strategic Shift Toward Integrated Solutions

Doosan’s strategic position in CCUS has been strengthened by a successful transition from a UK-focused project bidder to a global provider of integrated decarbonization solutions, though this expansion brings significant execution risks on large-scale projects.

• Strengths have evolved from strong EPC consortiums in the UK to a diversified portfolio of proprietary and partnered technologies, including high-efficiency capture systems and CCUS-ready hardware, validated by major international contract wins.
• Weaknesses have shifted from a heavy reliance on the UK market to the inherent execution risk associated with a growing pipeline of multi-billion-dollar, multi-decade projects like the Amazon SMR deployment.
• Opportunities have expanded from government-backed UK industrial clusters to the high-growth global markets for data center power and decarbonization of heavy industry and maritime transport.
• Threats remain centered on competitor activity and the economic feasibility of CCUS, but are now coupled with the challenge of managing complex international supply chains and project timelines.

Table: SWOT Analysis for Doosan’s CCUS Strategy

Doosan’s Future Hinges on Executing its Multi-Billion-Dollar Clean Energy Pipeline

Doosan’s strategic success in the coming years will be defined by its ability to execute its large-scale, integrated energy projects and convert its technological advancements into reliable, revenue-generating operations.

• The most critical indicator to watch is the progress of the $50 billion partnership with Amazon, X-energy, and KHNP. Meeting early milestones for the deployment of 960 MW of nuclear power for data centers will be a powerful validation of Doosan’s capacity to deliver on complex, long-term carbon-free infrastructure.
• The completion of the $1.54 billion Rumah 1 and Nairyah 1 power plants in Saudi Arabia by the 2028 deadline is another crucial milestone. Any subsequent announcements regarding the retrofitting of these plants with carbon capture will act as a major catalyst for Doosan’s CCUS business in the Middle East.
• Doosan’s showcase at CES 2026 will be a key event for investors and competitors. Announcements regarding the commercial progress of its CCUS-integrated fuel cells and SMRs tailored for AI infrastructure will signal the market-readiness of its next-generation energy solutions.
• Finally, the commercial rollout of its SOFC systems, developed with Ceres Power, and its proprietary fuel cell capture technology will be vital. Securing further orders in the maritime and stationary power sectors will prove the economic viability of its integrated decarbonization model.

Frequently Asked Questions

What was the main change in Doosan’s CCUS strategy in 2025 compared to previous years?

In 2025, Doosan’s strategy shifted from focusing on securing engineering and design (FEED) contracts in the UK (2021-2024) to executing large-scale, commercial projects globally. This pivot involved moving from bidding to building, expanding into new markets like the Middle East and the U.S., and integrating proprietary capture technology directly into its products.

What are some key examples of Doosan’s new global projects in 2025?

Key projects in 2025 include a massive $1.54 billion contract for CCUS-ready power plants in Saudi Arabia (Rumah 1 and Nairyah 1), a strategic entry into the U.S. market by supplying gas turbines for data centers, and a partnership with Amazon and X-energy on a potential $50 billion project to power AI data centers with Small Modular Reactors (SMRs).

How is Doosan applying its technology outside of traditional power plants?

Doosan is expanding its technology into new, hard-to-abate sectors. For example, it is partnering with Navig 8 to pilot a Solid Oxide Fuel Cell (SOFC) system on a chemical tanker to decarbonize maritime transport. It also committed over $60 million to supply fuel cells for a large-scale smart farm, demonstrating an application in the energy-intensive agriculture sector.

How has Doosan’s approach to technology development for CCUS evolved?

Before 2025, Doosan’s role was mainly to host and evaluate external technologies, like the pilot for Carbon Clean’s Cyclone CC. In 2025, it transitioned to developing its own proprietary solutions. This is highlighted by the creation of a fuel cell carbon capture system with over 90% efficiency and the mass production of SOFC systems specifically designed for integration with carbon capture.

What is the biggest risk or challenge for Doosan’s CCUS strategy going forward?

The primary challenge has shifted from a reliance on the UK market to the high execution risk associated with its new portfolio of massive, multi-billion-dollar global projects. Successfully delivering on complex, long-term contracts like the Saudi power plants and the $50 billion Amazon SMR deployment, while managing international supply chains and timelines, is now the company’s biggest hurdle.