March 5, 2025
BY Baker Hughes
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California Resources Corporation and its carbon management business, Carbon TerraVault (CTV), announced the signing of a Memorandum of Understanding (MOU) with National Cement Company of California Inc. to provide carbon management services for the “Lebec Net Zero” - a first-of-its-kind initiative to produce carbon-neutral cement at National Cement’s facility in California.
ORLEN, in partnership with Norway’s Equinor will explore opportunities within Carbon Capture & Storage (CCS) technology. The management boards of both companies have just signed a collaboration agreement, its scope covering the transport and storage of carbon dioxide (CO₂) in Poland. The solution will reduce CO₂ emissions into the atmosphere, supporting the decarbonization of industry.
MODEC, Inc. has entered into a Front End Engineering and Design (FEED) contract with SAMSUNG E&A for an offshore carbon capture pilot project, selecting Carbon Clean’s modular CycloneCC technology. The study envisages the installation of a carbon capture module on a MODEC Floating, Production, Storage and Offloading vessel as a pilot.
Bison Low Carbon Ventures Inc., as operator for and on behalf of the Meadowbrook Carbon Storage Hub, announced that it has received D065 scheme approval from the Alberta Energy Regulator for the Meadowbrook Project on February 19, 2025. Subject to satisfying the terms and conditions of the approval, the project is positioned to commence operations before the end of 2025.
CarbonQuest announced that it closed its $20 million funding round, led by Riverbend Energy Group, with additional funding from two institutional investors. The company built on its 2024 fundraise, securing new capital from Energy Capital Ventures (ECV) and Aligned Climate Capital to add to the capital raised with Riverbend Energy Group.