The US carbon capture market is growing
US CCS ‘ready to accelerate’ – Aker Carbon Capture
Norway-based company hires first US representative as Inflation Reduction Act fires up North American market
Norway-based Aker Carbon Capture is gearing up for a push into the North American market as the Inflation Reduction Act (IRA) helps drive CCS demand. Aker, which has supplied the only two carbon-capture projects under construction in Europe, has this week hired its first permanent representative in North America, who will be based in Houston, CEO Valborg Lundegaard told analyst on an earnings call. “We see now after the Inflation Reduction Act [IRA] was signed back in August, the market in North America is really now ready to accelerate and we want to be part of that acceleration,” Lundegaard says. The IRA enhanced the existing Section 45Q tax credit regime for CCS to $85/t for industrial an
Also in this section
14 January 2025
Bioenergy will be a key part of the energy transition as the world decarbonises, and Brazil is set to be a major player in the sector
14 January 2025
The region has ample resources of both gas and renewable energy and developing both will be vital to the global effort to reduce emissions
13 January 2025
The region’s fast-growing economies stand at a pivotal juncture, with the opportunity to drive a sustainable growth strategy that will keep the world’s net-zero ambitions alive
10 January 2025
Global energy demand keeps rising, and digital technology will play a crucial role in both meeting that demand and doing so in a sustainable way
