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U.S. EPA releases draft Class VI permits to Carbon TerraVault for CO2 injection and storage in California

December 20, 2023

BY California Resources Corporation

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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

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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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Aalborg Portland has signed an agreement with the Danish Energy Agency to receive a carbon capture subsidy of up to approximately EUR 2.2 billion over 15 years for its ACCSION carbon capture and storage project. The project is expected to capture up to 1.25 million tons of CO₂ annually from 2030 and represents a major step in Cementir Holding’s path toward net-zero emissions.

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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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