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DNV Validates Carbon8's Carbon Capture and Utilization Methodology

Carbon8’s solution provides carbon emissions reductions in hard-to-abate industries. // PHOTO: Carbon8

July 10, 2024

BY DNV

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KC8 Capture Technologies Raises AU $10M to Accelerate Decarbonization of Critical and Hard-to-Abate Industries

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By KC8 Capture Technologies

July 10, 2024

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KC8 Capture Technologies has raised AU $10 million to accelerate the deployment of its technology to critical and hard-to-abate industries. The funding round was led by local and global leaders in energy, construction and chemical manufacturing including Woodside Energy (Woodside), Cemex Ventures (Cemex), and a major petrochemical company.

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Value Maritime advances ForestWave sustainability strategy with the supply of two 3MW Filtree Exhaust Gas Cleaning Systems and Carbon Capture units for the general cargo vessels FWN Sea and FWN Sun.

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SBM Offshore and Ocean-Power announced the signing of a Memorandum of Understanding with the intent to collaborate on a floating power generation hub with CO2 capture and storage. The purpose of the partnership is to assess the technical feasibility and commercial readiness to collaborate on the concept, exclusive to the Norwegian Continental Shelf and United Kingdom Continental Shelf.

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1PointFive announced it has entered into an agreement with Microsoft to sell 500,000 metric tons of carbon dioxide removal (CDR) credits over six years to support Microsoft’s carbon removal strategy. The agreement is the largest single purchase of CDR credits enabled by Direct Air Capture (DAC) to date and highlights the increasing adoption of this climate technology as a solution to help organizations achieve net-zero emissions.

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Classification society DNV has published updates to its rules for classification of ships and offshore structures. In addition to rules supporting the development and deployment of decarbonization technologies, the new in-operation class notations seek to bring clarity to the responsibilities of class customers for notations that have a mix of design and operational requirements.

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