1PointFive and Trafigura announce Direct Air Capture carbon removal credit agreement
January 17, 2024
BY 1PointFive
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Carbon Capture & Commercialization Inc. (CC&C) announced the successful patent approval of its revolutionary Direct Air Carbon Capture (DACC) technology, granted in an unprecedented six weeks through the U.S. Patent Office’s Track One application process. This achievement not only validates the strength of CC&C’s innovation but also positions the company to expedite commercialization and address the urgent global need for effective carbon removal solutions.
Mitsubishi Heavy Industries Compressor International Corporation (MCO-I) has announced the successful delivery of a state-of-the-art CO2 product compressor package for ExxonMobil’s carbon capture and storage (CCS) expansion project in LaBarge, Wyoming.
Heidelberg Materials has started a feasibility study for a decarbonisation project at its Rezzato Mazzano cement plant in the province of Brescia, which could become the first plant in Italy to produce carbon captured net-zero cement and concrete.
The U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) issued a Notice of Intent to fund up to $1.3 billion to catalyze investments in transformative carbon capture, utilization, and storage (CCUS) technologies.
The U.S. Department of Energy announced an award of $4.2 million to Project Tundra. This is the first installment of up to $350 million to Project Tundra. These funds will be distributed through the fully-paid-for Bipartisan Infrastructure Law’s Carbon Capture Demonstration Projects Program, which supports the development of community-informed integrated carbon capture, transport, and storage projects.
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