November 16, 2023
BY The Crown Estate
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Hafslund Celsio announces the sale of 1.1 million tonnes of permanent carbon removals to Microsoft over a 10-year period. The agreement is a significant contribution to the commercial success of Hafslund Celsio’s full-scale CCS project in Oslo and is a recognition of the waste-to-energy sector as a credible provider of permanent carbon removals.
Bayou Bend, a joint venture between Chevron, Equinor, and TotalEnergies SE, is a carbon dioxide (CO₂) transportation and storage project in Southeast Texas. It’s designed to support key regional industries in reducing the carbon intensity of their operations. The goal is for Bayou Bend to serve as a central hub for CO₂ storage in the area.
The Global Centre for Maritime Decarbonisation has successfully completed the world’s first maritime pilot demonstrating the full value chain of onboard captured carbon dioxide in China on 25 June 2025. This cross-sectoral demonstration highlights how captured CO2 from ships can be repurposed for industrial applications, linking maritime decarbonisation efforts with broader land-based carbon ecosystem.
Balfour Beatty, the international infrastructure group, announced that it has been awarded an £833 million contract by Technip Energies to act as the construction partner for Net Zero Teesside Power – an Onshore Power, Capture and Compression project and poised to be the world’s first gas-fired power station with carbon capture and storage.
Alberta’s government is investing $5 million from the industry-led TIER fund to help Deep Sky design, build and operate the world’s first direct air capture innovation and commercialization centre in Innisfail.