Summit Carbon Solutions Granted Approval by IUB for CO2 Pipeline
July 10, 2024
BY Summit Carbon Solutions
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MODEC has received Approval in Principle from the American Bureau of Shipping for its Floating Storage and Injection Unit (FSIU), designed to handle liquid CO₂ at sea. The unit can receive, store, and inject up to 10 million tonnes of CO₂ annually into subsea reservoirs, eliminating the need for onshore storage and pipelines.
Babcock’s LGE business has secured Approval in Principle from Lloyd’s Register for its ecoCPTR® onboard carbon capture system. The technology combines Aqualung’s facilitated transport membrane capture with Babcock’s ecoCO2® system, offering a compact, modular solution for both new and retrofitted vessels.
PTTEP has reached a final investment decision on Thailand’s first carbon capture and storage project at the Arthit gas field. With operations expected to start in 2028, the project will capture and store up to 1 million tonnes of CO₂ annually while aligning with the nation’s Net Zero targets.
The U.S. EPA is seeking public comment on a draft permit for Marquis Carbon Injection LLC to store CO₂ underground in Putnam County, Illinois. The project would allow injection of up to 1.5 million metric tons annually over six years, with long-term monitoring to ensure safe sequestration and protection of drinking water.
North Dakota’s Department of Agriculture is inviting grant proposals from ethanol producers under its Low Carbon Fuels Program, aiming to fund capital projects that cut carbon intensity.
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