Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
Search
Related Articles
BP and CNPC explore Hainan CCUS project
European oil major agrees to work with CNPC as Chinese state company seeks international partnerships to grow deployment of CCUS
EU net-zero act prioritises CO₂ storage
Package of regulatory proposals sets 2030 storage target as EU jostles for position in global green technology race
Germany under pressure to curb emissions
Government developing new strategy on CCS and other carbon management tools as energy sector emissions continued to rise last year
UK backs CCUS with £20bn funding pledge
Government commitment reassures investors and paves way for first two industrial clusters
China weighs response to EU carbon border tax
CBAM expected to have significant long-term impact on trade with EU, warns speaker at country’s annual parliamentary session
Illinois Beccs project contracts Gas Liquids Engineering
Canadian engineering company hired by Marquis Energy to develop largest Beccs system in the state
Shell’s carbon compliance costs to double next decade
Oil major projects annual cost of $1.5bn in 2032 as governments develop emissions regulations
Chevron expands Bayou Bend CCS project
Project on US Gulf Coast will be expanded to have storage capacity for 1bn t CO₂ as part of firm’s wider CCS ambitions
Greensand claims ‘world’s first’ cross-border CCS
The Danish pilot project has captured CO₂ at an Ineos facility in Belgium and shipped it to Esbjerg for injection into a depleted oilfield in the North Sea
Mideast Gulf edges forwards on carbon capture
State energy firms are pinning hopes on the technology to retain long-term competitiveness
European Commission president Ursula von der Leyen
Carbon capture EU
Stuart Penson
16 March 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

EU net-zero act prioritises CO₂ storage

Package of regulatory proposals sets 2030 storage target as EU jostles for position in global green technology race

The European Commission has prioritised the development of CO₂ storage capacity under a package of new regulatory proposals designed to help the EU compete with the US and China in the global race for investment in green technology. The proposals, set out under the Net Zero Industry Act, include a goal to develop 50mn t/yr of CO₂ injection capacity at strategic storage sites by 2030 and the creation of a single EU market for CO₂ storage services that large-scale emitters can rely on to decarbonise their operations. “In the area of CCS, the emergence of a CCS value chain in the EU is currently being hampered by a lack of CO₂ storage sites,” the Commission says. “Furthermore, sufficient CO₂ in

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
BP and CNPC explore Hainan CCUS project
21 March 2023
European oil major agrees to work with CNPC as Chinese state company seeks international partnerships to grow deployment of CCUS
Mercuria to invest $500mn in nature-based projects
20 March 2023
Commodities trader aims to generate carbon credits for use in voluntary and compliance markets via new investment vehicle
Shell rejects calls for new scope three targets
17 March 2023
Oil major pushes back on shareholder demands amid easing ESG pressures on industry
EU net-zero act prioritises CO₂ storage
16 March 2023
Package of regulatory proposals sets 2030 storage target as EU jostles for position in global green technology race

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Carbon Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search