November 14, 2023
BY Daphne Technology
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Carbon Direct, in collaboration with Microsoft, announced the release of new criteria for high-quality marine carbon dioxide removal (mCDR), setting a higher standard for social impact, monitoring, durability, and environmental integrity in the rapidly evolving mCDR space.
EFM and Meta have finalized a groundbreaking long-term contract for the delivery of 676,000 nature-based carbon removal credits through 2035. The deal will support the transition of 68,000 acres of forestland to climate-smart management on Washington’s Olympic Peninsula, with the goal of removing more than one million tons of carbon emissions over the next decade.
The expansion of Northern Lights will increase the transport and storage capacity from 1.5 million to a minimum of 5 million tons of CO2 per year, enabling further reduction and removal of European industrial CO2 emissions.
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.
POET announced they have entered into definitive agreements to connect POET’s Fairmont, Nebraska bioprocessing facility to the Tallgrass Trailblazer carbon dioxide pipeline. Under the arrangement, the POET facility will capture bioCO2 for transportation and permanent underground sequestration in Wyoming.