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ADNOC and SOCAR to collaborate on hydrogen and carbon management

Companies to explore low-carbon solutions for potential deployment in the UAE, Azerbaijan and other global markets to advance net zero ambitions // PHOTO: ADNOC

December 7, 2023

BY ADNOC

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Carbon capture startup MCi Carbon Seeks $50 million funding round after opening Newcastle plant

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By Forbes Australia

June 17, 2026

Project Development 

Australian startup MCi Carbon plans to raise US$50 million to expand its carbon capture technology after opening a demonstration plant in Newcastle. The company's process converts captured CO2 into materials used in construction, positioning it to benefit from growing global demand for carbon reduction solutions.

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Holcim has launched CaptureLab, the cement industry's first industrial-scale carbon capture test platform, in Martres-Tolosane, France. The 2,500-square-meter facility uses an open innovation model to allow manufacturers, startups and researchers to test and validate advanced capture technologies in real-world conditions. The platform launches with an initial pilot project in partnership with Air Liquide.

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The U.S. Department of Energy has selected the TerraSpark Energy Campus to receive up to $18.5 million in federal funding to support development of a 1.6-gigawatt coal-fired power facility with carbon capture technology in West Virginia. The project is expected to advance engineering and permitting work while supporting energy production, carbon management and job creation.

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Svante Technologies and a sustainable packaging company have moved a BECCS project at a southeastern U.S. paper mill into feasibility study, targeting removal of more than 500,000 tonnes of biogenic CO₂ per year with permanent storage planned in the Gulf Coast region.

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The Global Cement and Concrete Association and the Global CCS Institute have signed a two-year partnership agreement to accelerate the deployment of carbon capture and storage technologies across the global cement and concrete industry through collaboration on policy, technical knowledge sharing and stakeholder engagement.

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