JAPEX, JGC HD, and “K” LINE sign agreement with PETRONAS for CCS
November 22, 2023
BY JAPEX
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1PointFive, a carbon capture, utilization, and sequestration (CCUS) company, announced that Palo Alto Networks purchased 10,000 tons of carbon dioxide removal (CDR) credits over five years enabled by Direct Air Capture (DAC). The agreement demonstrates the increasing adoption of durable carbon removal technologies as a solution to address emissions.
Carbon to Sea Initiative and the Marine Environmental Observation, Prediction and Response Network (MEOPAR) announced a new memorandum of understanding to jointly fund initiatives to advance ocean-based carbon dioxide removal (oCDR) research and development in Canada. Through this new partnership, Carbon to Sea and MEOPAR will invest $4 million CAD to support projects across Canada.
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Seabound, a UK-based leader in marine carbon capture, has launched a first-of-its-kind onboard carbon capture project in partnership with Hartmann Group ("Hartmann"), InterMaritime Group ("InterMaritime"), and Heidelberg Materials Northern Europe. The captured carbon, bound in limestone and safely stored onboard, will be offloaded at the Port of Brevik, Norway, for use at Heidelberg Materials’ Brevik cement plant.
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