CarbonCapture pauses Bison DAC project
Developer cites growing competition for clean power as it puts project in Wyoming on hold
Los Angeles-based developer CarbonCapture has paused its flagship Bison direct air capture (DAC) project in Wyoming because of growing competition for renewable power. The company will instead turn its attention to deploying its DAC technology via a first-of-its-kind project in a different state, CarbonCapture’s CEO, Adrian Corless, said. CarbonCapture attributed its decision to pause Bison to intensifying competition for clean power, which had “acutely” affected the 5mt/yr project, Corless said. Among its leading competitors for clean power are data centres and cryptocurrency mining. The rapid growth of these energy-intensive industries had hampered efforts to build out transmission resourc
Also in this section
5 December 2024
Completion of phase-one construction expected in 2027 as technology providers SLB and Linde take equity stakes in one of world’s largest CCS projects
5 December 2024
The new edition of Outlook, our annual publication about the year ahead for energy, produced in association with White & Case, is available now
27 November 2024
The agreement by the parties to raise at least $300b/yr for developing countries by 2035 was derided as a betrayal by the Global South, but the UN urged pragmatism
26 November 2024
Agreements on how to operationalise both Article 6.2 and 6.4 will mean countries can start to trade emissions reductions as part of their contributions to the Paris Agreement