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Santos and Tokyo Gas to collaborate on carbon-neutral e-methane

November 22, 2023

BY Santos

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Air Products cancels Louisiana clean energy project, advances to NEOM ammonia deal

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By Air Products

21 hours ago

Project Development 

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.

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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.

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Carbon Direct has published a new framework for voluntary buyers of low-carbon fuels, outlining six principles covering social and environmental safeguards, carbon accounting, additionality, feedstock sourcing and leakage to help improve transparency and quality across the growing market.

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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.

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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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