
November 16, 2023
BY Leilac
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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.
Mazda successfully demonstrated onboard CO₂ capture and storage during the Super Taikyu Series 2026, capturing 804 grams of CO₂ over a 24-hour race. The achievement marks a significant step toward practical application of the technology and Mazda’s goal of realizing carbon-negative mobility by 2035.