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Babcock’s LGE Business Secures Approval in Principle for Innovative Onboard Carbon Capture System

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September 17, 2025

BY Babcock

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Deep Sky Secures First-of-its-Kind Financing with Finalta Capital to Advance Carbon Removal in Canada

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By Deep Sky

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Project Development Capture Utilization 

Deep Sky has secured an $11 million bespoke credit facility from Finalta Capital to finance its flagship Alpha carbon removal facility in Alberta. Alpha, the world’s first cross-technology carbon removal site, became North America’s first DAC project to sequester CO₂ underground.

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Boral has successfully trialed concrete made with recycled aggregates recarbonated via carbon capture technology from its Berrima cement plant. The pilot, supported by the federal CCUS Development Fund, replaced 50% of natural coarse aggregates with recarbonated recycled materials in a low-carbon mix.

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Brazil has launched a national CCUS Subcommittee under its Ministry of Mines and Energy to implement the country’s 2024 Fuel of the Future law and anchor its strategy for COP30. The group brings together Petrobras, TotalEnergies, FS Energia, SLB New Energy, and other key stakeholders to advance carbon capture, storage, and regulatory frameworks.

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MODEC has received Approval in Principle from the American Bureau of Shipping for its Floating Storage and Injection Unit (FSIU), designed to handle liquid CO₂ at sea. The unit can receive, store, and inject up to 10 million tonnes of CO₂ annually into subsea reservoirs, eliminating the need for onshore storage and pipelines.

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The Government of Canada has announced $5.8 million in funding for carbon capture, utilization, and storage projects in British Columbia. The investments will support Svante, Anodyne Chemistries, and Agora Energy Technologies in advancing CO₂ capture, storage, and conversion innovations, from flue gas utilization to producing valuable chemicals.

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