November 15, 2023
BY Mubadala Energy
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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.
Leading Danish district heating companies Sønderborg Varme and Thisted Varmeforsyning have signed a collaboration agreement with Carbon Clean to engage and collaborate in applying for a subsidy from the Danish Energy Agency’s CCS Fund. The partnership will allow Carbon Clean to explore opportunities to deploy its carbon capture technology in Denmark.
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.
Stockholm Exergi announced its decision to build one of the world’s largest facilities for capture and permanent storage of biogenic carbon dioxide. The investment amounts to SEK 13 billion. Construction will begin immediately, with the goal of having the facility operational in 2028.
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.