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Carbon Capture, Utilization, and Storage has evolved from an optional initiative into a core pillar of global industrial survival. This report provides a long-range outlook to 2040, identifying CCUS as the only viable pathway for decarbonizing hard-to-abate sectors like cement, steel, and chemical manufacturing. We analyze the massive surge in the global project pipeline, driven by government subsidies and the rising price of carbon credits. The report examines the technological maturation of point-source capture, specifically the move from amine-based solvents to advanced membranes. A significant portion of our narrative focuses on the Storage-to-Utilization pivot, where captured CO2 is no longer treated solely as waste but as a feedstock for sustainable aviation fuels and carbon-negative building materials. We explore the development of regional Carbon Hubs, where shared pipeline and storage infrastructure allow multiple industrial emitters to benefit from economies of scale. The roadmap to 2040 highlights the role of Direct Air Capture in offset strategies.