
Holnsøy seascape in June 2023: HNET consortium members gather around a geophone station which is part of the HNAR onshore array monitoring the subsurface microseismic activity in the future CO2 storage area
November 16, 2023
BY CGG
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Air Products is canceling its Louisiana Clean Energy Complex after determining the project would not meet its financial return requirements. The company expects to record up to $2.9 billion in pre-tax charges related to the decision and other clean energy project exits while moving ahead with a renewable ammonia marketing agreement with Yara tied to the NEOM Green Hydrogen Project in Saudi Arabia.
Amazon has expanded its carbon credit service to the United Kingdom, giving eligible companies access to vetted carbon credits and procurement support for emissions reduction and offsetting as part of their net-zero strategies.
Ambuja Cements and Leilac Limited have partnered to develop a commercial-scale low-carbon cement project in Kutch. The project will test carbon capture and electrification technologies aimed at reducing emissions and coal use, with potential to capture more than 1 million metric tons of CO₂ annually if scaled up.
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.
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.