October 31, 2024
BY Monte Markley & Charles Hostetler
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INEOS Energy and Royal Wagenborg launched and named the first European built offshore CO2 carrier to enable carbon capture storage across Europe. The launch and naming of Carbon Destroyer 1 marks a defining moment in the development of Project Greensand and the EU’s first commercial -scale carbon capture and storage (CCS) value chain.
BKV Corporation announced the formation of a strategic joint venture between BKV dCarbon Ventures, LLC, BKV’s wholly-owned subsidiary, and Copenhagen Infrastructure Partners, on behalf of its Energy Transition Fund I, to expand BKV’s portfolio of carbon capture, utilization and sequestration projects.
Marking a major milestone in the development of commercial-scale geological storage of CO2 in Europe to combat climate change, Carbfix has on 30 April received a storage permit for its injection site at Hellisheiði, Iceland, from the Environment and Energy Agency of Iceland.
A deal has been signed to boost emission reduction projects at Calcinor's lime plants, which could cut emissions by around 900,000 tons of CO2 per year, plus the development of a logistics chain for capturing, transporting, liquefying, storing, and loading the CO2 onto vessels for subsequent use or permanent storage.
As the CCUS industry faces ongoing uncertainty, with economic challenges and evolving regulatory landscapes, one thing remains clear: The drive for scalable decarbonization is unwavering.