Tagged With Carbon capture
High costs threaten DAC potential – BCG
9 June 2023
Paradigm shift by governments and other stakeholders needed to bring down costs and unlock investment in key carbon removal technology, says Boston Consulting Group
Germany launches carbon CfD scheme
6 June 2023
Government expects to budget more than €10bn for subsidy programme in response to US IRA
ExxonMobil signs CCS deal with steelmaker Nucor
2 June 2023
Oil major sees CCS for third parties as a ‘compelling’ business as latest contract takes total portfolio to 5mn t/yr
World must scale up CCUS for net zero, says IEA’s Budinis
31 May 2023
CCUS is one of the key tools for decarbonising the energy system, but governments and industry must act now to accelerate its deployment at scale
CDR defies cost pressures to win over corporate buyers
30 May 2023
Growing list of offtake deals shows large corporations are ready to invest in expensive engineered carbon dioxide removal to support their net-zero goals
UK’s Drax pivots Beccs expansion to US
23 May 2023
Company plans £4bn investment in new plants in southern US, evaluates nine other sites and opens Houston Beccs headquarters
UK awards 20 offshore CO₂ storage licences
19 May 2023
First licence round sees 12 developers secure rights to appraise storage sites with potential to hold 10pc of UK’s annual emissions
Airbus and Masdar explore DAC for SAF
16 May 2023
Joint project aims to develop production of sustainable fuels by combining direct air capture and green hydrogen
Danish subsidy award unlocks major CCS project
16 May 2023
Orsted places €200mn order with Aker Carbon Capture and seals large offtake deal with Microsoft as state aid opens way for CCS at bioenergy plants
US CCUS sector weighs risks and rewards
10 May 2023
Many projects look attractive on paper but come with multiple risks for financiers and developers, say speakers at Washington forum
Major CDR projects secure offtakers in landmark deal
9 May 2023
Corporate buyers including UBS and Swiss Re commit to buy carbon dioxide removals in boost for emerging sector
US carbon management a $600bn opportunity, says DoE
5 May 2023
Industry poised to invest heavily on the back of attractive CCUS economics in gas processing and other sectors, US Department of Energy says in new report
Santos ups Bayu-Undan CCS demand forecast
3 May 2023
Australian oil and gas producer says MoUs with potential customers imply higher demand for storage at projects in East Timor
Should the UK power its CCUS ambitions with EOR?
2 May 2023
Enhanced oil recovery could recycle carbon to sustain North Sea oil production while renewables are scaling up
Wintershall hunts for CO₂ storage in Egypt and Argentina
27 April 2023
German oil and gas company actively screening potential offshore sites in both countries
ABB and Pace join forces to lower CCS costs
25 April 2023
Partnership’s offering includes use of digital twin technology to model full chain of a CCS system, the companies tell Carbon Economist
Carbon Engineering hits its stride
25 April 2023
Canadian DAC firm has received backing from the aviation sector and is accelerating deployment of its technology through a partnership with Occidental subsidiary 1PointFive, CEO Daniel Friedmann tells Carbon Economist
Net zero demands huge carbon-capture investment – IEA
21 April 2023
Project pipeline implies only a quarter of capacity needed by 2030, IEA says
Climeworks bids for three US DAC hubs
20 April 2023
Swiss company targets proposed hubs in Louisiana, California and Northern Great Plains under DoE funding programme
CCUS: Investing in the foundations for scaling
17 April 2023
Progress in the CCUS sector is finally underway thanks to policy support, but moving at the required pace will require more government action and industry partnerships
Onyx plans 1.2GW blue hydrogen project
12 April 2023
Company plans 2028 commissioning for project sited next to its coal power plant in the port of Rotterdam
BP takes stake in Viking CCS
12 April 2023
The project is a ‘leading contender’ for track two sequencing and could take FID by next year
Linde and Heidelberg announce 70,000t/yr CCUS project
12 April 2023
The project will capture CO₂ from the Lengfurt cement plant in Germany and process it for use in the manufacturing, chemicals and food industries
Idemitsu Kosan to purchase efuels from HIF
6 April 2023
The Japanese firm will also co-invest in new efuels facilities and supply captured carbon dioxide
Canada signals support for $1bn Heidelberg CCUS project
6 April 2023
Government in talks with Germany-based cement maker over proposed project to make Edmonton plant carbon neutral
Aker BP joins Nordic CCS push
5 April 2023
Independent oil and gas firm targets European emitters after securing Norwegian storage exploration licence
ExxonMobil to store CO₂ from Linde blue hydrogen complex
4 April 2023
The oil major will deposit up to 2.2mn t/yr from the planned $1.8bn facility in Texas
More CCUS projects reach FID as confidence grows
4 April 2023
Policy incentives and rising carbon prices embolden developers as hub model gains traction, IEA says
US DoE tests DAC technologies
31 March 2023
Two field tests of solid amine sorbent-based DAC systems are currently underway in an effort to increase efficiency and lower costs
UK eyes Cbam as net-zero push accelerates
30 March 2023
Government consults on measures to tackle carbon leakage as it ramps up domestic decarbonisation efforts
Canada extends CCUS tax credit to British Columbia
29 March 2023
Support currently only available to projects in Alberta and Saskatchewan to be extended as part of C$520mn package of policy enhancements
UK nuclear plant could power large-scale DAC
29 March 2023
Associated British Ports and developers of Sizewell C seek permission to build heat-assisted DAC demonstrator
Bechtel studies UK CCS rail plan
28 March 2023
Project to take emissions from waste-to-energy plant could pave way for creation of country’s first CCS rail corridor
BHP and HBIS to test CCUS at Hebei steel plants
27 March 2023
Australian mining company and major Chinese steelmaker agree to develop projects to demonstrate several technologies
GE and Svante collaborate on solid sorbent carbon capture
24 March 2023
Companies agree to develop applications of Svante’s novel technology for gas-fired power plants
Industrial emitters demand action to kickstart German CCS
23 March 2023
Companies urge government to prioritise rapid scale-up of technology and infrastructure in forthcoming national carbon management strategy
Shell sees DAC potential for synthetic fuels production
22 March 2023
Direct air capture could be significant provider of CO₂ feedstock, oil major says in climate-focused future energy scenario
Drax pauses world’s largest Beccs project
21 March 2023
Major biomass power generator says £2bn project cannot proceed without clarity on UK government support for technology
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
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
Germany under pressure to curb emissions
16 March 2023
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
16 March 2023
Government commitment reassures investors and paves way for first two industrial clusters
Illinois Beccs project contracts Gas Liquids Engineering
13 March 2023
Canadian engineering company hired by Marquis Energy to develop largest Beccs system in the state
Shell’s carbon compliance costs to double next decade
10 March 2023
Oil major projects annual cost of $1.5bn in 2032 as governments develop emissions regulations
Chevron expands Bayou Bend CCS project
9 March 2023
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
8 March 2023
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
8 March 2023
State energy firms are pinning hopes on the technology to retain long-term competitiveness
Entropy’s Glacier CCS project excels in first phase
6 March 2023
Performance of first commercial-scale project spurs global interest in Canadian company’s modular CCS solution, CEO Mike Belenkie tells Carbon Economist
ABB and Pace aim to reduce CCS costs
3 March 2023
Engineering companies form partnership to de-risk CCS projects with digital twin technology
Occidental’s 1Pointfive plans major Texas CCS hub
2 March 2023
Bluebonnet hub on Gulf Coast will offer industrial emitters access to shared CCS infrastructure
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