Although the European Union is one single economic market with agreed upon laws and regulations, individual countries still have their say on national laws.
Regardless, there is immense potential in the European cannabis market—it is expected to be worth $37 billion by 2027.
As a result, yearly illicit cannabis market sales are estimated at around €11 billion —representing significant untapped potential.
The U.S., Canada, and Mexico make up the world’s largest continental cannabis market, worth $18.1 billion in 2020.
But individual states have their own laws, from states with fully legal recreational cannabis to medical usage only permitted, and full illegality.
In states where cannabis has been fully legal for years—like Colorado—countless jobs and revenue have been added to the state’s economy and in such markets, regulation is pushing the industry towards maturity.
Also known as metallurgical coal or coking coal, steelmaking coal is mined to produce the carbon used in steelmaking.
To make steel, the coal is first heated at around 1100°C to remove water and other chemicals, without the presence of oxygen.
CCUS consists of capturing carbon dioxide during the steelmaking process, then transporting the CO₂ via ship or pipeline, and lastly reutilizing it in other industrial processes, such as producing fuels or as input into chemical production.